QTJL vs. TSL

Last updated Aug 4, 2026

QTJL (Innovator Growth Accelerated Plus ETF - July) and TSL (GraniteShares 1.25x Long Tsla Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past 3 years, QTJL returned 17.40%/yr vs 0.02%/yr for TSL. Their 0.58 correlation means they have sometimes moved together and sometimes differently. QTJL charges 0.79%/yr vs 1.15%/yr for TSL.

Performance

QTJL vs. TSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - July (QTJL) and GraniteShares 1.25x Long Tsla Daily ETF (TSL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTJL achieves a 4.03% return, which is significantly higher than TSL's -36.68% return.

QTJL

• 1D: 1.43%
• 1M: -0.57%
• 6M: 2.72%
• YTD: 4.03%
• 1Y: 13.57%
• 3Y*: 17.40%
• 5Y*: 9.12%
• 10Y*: —
• ALL TIME*: 9.62%

TSL

• 1D: 4.19%
• 1M: -22.91%
• 6M: -31.12%
• YTD: -36.68%
• 1Y: 0.94%
• 3Y*: 0.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -7.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QTJL Innovator Growth Accelerated Plus ETF - July	$205.17K	$322.53K	$250.53K
TSL GraniteShares 1.25x Long Tsla Daily ETF	$7.63M	$7.71M	$12.52M

QTJL vs. TSL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QTJL Innovator Growth Accelerated Plus ETF - July	4.03%	21.07%	16.50%	42.39%	-9.82%
TSL GraniteShares 1.25x Long Tsla Daily ETF	-36.68%	3.49%	64.12%	113.79%	-67.61%

Correlation

The correlation between QTJL and TSL is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.58
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.58

The correlation between QTJL and TSL has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.

Return for Risk

QTJL vs. TSL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QTJL

QTJL Risk / Return Rank: 49
QTJL Sharpe Ratio Rank: 45
QTJL Sortino Ratio Rank: 45
QTJL Omega Ratio Rank: 50
QTJL Calmar Ratio Rank: 43
QTJL Martin Ratio Rank: 62

TSL

TSL Risk / Return Rank: 13
TSL Sharpe Ratio Rank: 11
TSL Sortino Ratio Rank: 15
TSL Omega Ratio Rank: 15
TSL Calmar Ratio Rank: 11
TSL Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QTJL vs. TSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and GraniteShares 1.25x Long Tsla Daily ETF (TSL). 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	TSL	Difference
Sharpe ratio: Return per unit of total volatility	1.16	0.02	+1.15
Sortino ratio: Return per unit of downside risk	1.72	0.43	+1.28
Omega ratio: Gain probability vs. loss probability	1.24	1.05	+0.19
Calmar ratio: Return relative to maximum drawdown	1.61	0.02	+1.59
Martin ratio: Return relative to average drawdown	7.83	0.05	+7.78

QTJL vs. TSL - Sharpe Ratio Comparison

The current QTJL Sharpe Ratio is 1.16, which is higher than the TSL Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of QTJL and TSL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QTJL vs. TSL - Drawdown Comparison

The maximum QTJL drawdown since its inception was -33.40%, smaller than the maximum TSL drawdown of -74.52%. Use the drawdown chart below to compare losses from any high point for QTJL and TSL.

Drawdown Indicators

	QTJL	TSL	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-74.52%	+41.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-48.38%	+39.90%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-63.30%	+40.87%
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	—	—
Current Drawdown Current decline from peak	-3.26%	-47.52%	+44.26%
Average Drawdown Average peak-to-trough decline	-7.74%	-38.51%	+30.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	19.82%	-18.08%

Volatility

QTJL vs. TSL - Volatility Comparison

The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 6.50%, while GraniteShares 1.25x Long Tsla Daily ETF (TSL) has a volatility of 25.38%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than TSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTJL	TSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	25.38%	-18.88%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	43.47%	-33.75%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	57.91%	-46.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.45%	73.44%	-52.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	73.44%	-53.14%

QTJL vs. TSL - Expense Ratio Comparison

QTJL has a 0.79% expense ratio, which is lower than TSL's 1.15% expense ratio.

Dividends

QTJL vs. TSL - Dividend Comparison

Neither QTJL nor TSL has paid dividends to shareholders.

Position	TTM	2025	2024	2023
QTJL Innovator Growth Accelerated Plus ETF - July	0.00%	0.00%	0.00%	0.00%
TSL GraniteShares 1.25x Long Tsla Daily ETF	0.00%	0.00%	0.00%	60.47%

Frequently Asked Questions

Can I hold both QTJL and TSL in my portfolio?

QTJL and TSL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTJL or TSL?

TSL has higher volatility (25.38%) compared to QTJL (6.50%). In terms of maximum drawdown, QTJL dropped -33.40% vs TSL's -74.52%.

Which ETF is better, QTJL or TSL?

On 3-year performance, QTJL leads with 17.40% vs 0.02% for TSL. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTJL or TSL?

Over the 3-year period, QTJL has performed better with a 17.40% return vs 0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTJL or TSL?

QTJL is cheaper with a 0.79% expense ratio, compared with 1.15% for TSL.

Which ETF pays a higher dividend yield, QTJL or TSL?

QTJL and TSL have nearly identical dividend yields, around 0.00%.

What is the main difference between QTJL and TSL?

They also come from different issuers: Innovator and GraniteShares. Their fees differ too: 0.79% for QTJL and 1.15% for TSL.

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (1.16 vs 0.02), 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.