QTJL vs. SOXS
QTJL (Innovator Growth Accelerated Plus ETF - July) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - QTJL is a Leveraged Equities fund actively managed by Innovator, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). QTJL is actively managed, while SOXS is passively managed. Over the past 5 years, QTJL returned 9.73%/yr vs -79.52%/yr for SOXS. At a correlation of -0.79, they often move in opposite directions. QTJL charges 0.79%/yr vs 1.08%/yr for SOXS.
Performance
QTJL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, QTJL achieves a 4.13% return, which is significantly higher than SOXS's -91.53% return.
QTJL
- 1D
- -1.51%
- 1M
- -2.95%
- 6M
- 3.48%
- YTD
- 4.13%
- 1Y
- 13.53%
- 3Y*
- 16.55%
- 5Y*
- 9.73%
- 10Y*
- —
SOXS
- 1D
- 13.14%
- 1M
- 13.65%
- 6M
- -87.79%
- YTD
- -91.53%
- 1Y
- -96.24%
- 3Y*
- -84.87%
- 5Y*
- -79.52%
- 10Y*
- -78.37%
QTJL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 4.13% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.53% | -85.53% | -59.55% | -84.56% | 15.76% | -51.63% |
Correlation
The correlation between QTJL and SOXS is -0.69, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.79 |
The correlation between QTJL and SOXS shifts across timeframes, from -0.79 (5 years) to -0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QTJL vs. SOXS — Risk / Return Rank
QTJL
SOXS
QTJL vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QTJL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.48 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.72 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.98 | +3.02 |
| Martin ratioReturn relative to average drawdown | 10.11 | -1.41 | +11.51 |
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Drawdowns
QTJL vs. SOXS - Drawdown Comparison
The maximum QTJL drawdown since its inception was -33.40%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QTJL and SOXS.
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Drawdown Indicators
| QTJL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -100.00% | +66.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -97.89% | +91.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -99.87% | +77.44% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -99.98% | +66.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -3.17% | -100.00% | +96.83% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -92.63% | +84.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 68.36% | -67.02% |
Volatility
QTJL vs. SOXS - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 4.19%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 59.41%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTJL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 59.41% | -55.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 109.76% | -101.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.63% | 126.44% | -115.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.34% | 113.26% | -92.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 103.02% | -82.75% |
QTJL vs. SOXS - Expense Ratio Comparison
QTJL has a 0.79% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
QTJL vs. SOXS - Dividend Comparison
QTJL has not paid dividends to shareholders, while SOXS's dividend yield for the trailing twelve months is around 43.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 43.65% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
QTJL and SOXS have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (59.41%) compared to QTJL (4.19%). In terms of maximum drawdown, QTJL dropped -33.40% vs SOXS's -100.00%.
On 5-year performance, QTJL leads with 9.73% vs -79.52% for SOXS. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.73% return vs -79.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 43.65%, compared with 0.00% for QTJL.
QTJL is categorized as Leveraged Equities, while SOXS is Inverse Equities. They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.79% for QTJL and 1.08% for SOXS.
QTJL currently has the higher Sharpe Ratio (1.28 vs -0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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