QTJL vs. UPSX
QTJL (Innovator Growth Accelerated Plus ETF - July) and UPSX (Tradr 2X Long UPST Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, QTJL returned 18.48% vs -87.37% for UPSX. At a 0.43 correlation, their price movements are largely independent. QTJL charges 0.79%/yr vs 1.30%/yr for UPSX.
Performance
QTJL vs. UPSX - Performance Comparison
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Returns By Period
In the year-to-date period, QTJL achieves a 7.39% return, which is significantly higher than UPSX's -60.69% return.
QTJL
- 1D
- 0.01%
- 1M
- 0.45%
- YTD
- 7.39%
- 6M
- 6.98%
- 1Y
- 18.48%
- 3Y*
- 19.09%
- 5Y*
- —
- 10Y*
- —
UPSX
- 1D
- 6.63%
- 1M
- 21.63%
- YTD
- -60.69%
- 6M
- -67.88%
- 1Y
- -87.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTJL vs. UPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 7.39% | 11.59% |
UPSX Tradr 2X Long UPST Daily ETF | -60.69% | -61.18% |
Correlation
The correlation between QTJL and UPSX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025 | 0.43 |
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Return for Risk
QTJL vs. UPSX — Risk / Return Rank
QTJL
UPSX
QTJL vs. UPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Tradr 2X Long UPST Daily ETF (UPSX). 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 | UPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.88 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.92 | +3.70 |
| Martin ratioReturn relative to average drawdown | 14.63 | -1.16 | +15.79 |
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Drawdowns
QTJL vs. UPSX - Drawdown Comparison
The maximum QTJL drawdown since its inception was -33.40%, smaller than the maximum UPSX drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for QTJL and UPSX.
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Drawdown Indicators
| QTJL | UPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -95.01% | +61.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -95.01% | +88.33% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -92.26% | +92.23% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -67.21% | +59.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 75.18% | -73.91% |
Volatility
QTJL vs. UPSX - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 0.60%, while Tradr 2X Long UPST Daily ETF (UPSX) has a volatility of 43.60%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than UPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTJL | UPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 43.60% | -43.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.39% | 102.37% | -94.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.86% | 140.46% | -130.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 141.01% | -120.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 141.01% | -120.71% |
QTJL vs. UPSX - Expense Ratio Comparison
QTJL has a 0.79% expense ratio, which is lower than UPSX's 1.30% expense ratio.
Dividends
QTJL vs. UPSX - Dividend Comparison
Neither QTJL nor UPSX has paid dividends to shareholders.
Frequently Asked Questions
QTJL and UPSX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPSX has higher volatility (43.60%) compared to QTJL (0.60%). In terms of maximum drawdown, QTJL dropped -33.40% vs UPSX's -95.01%.
On 1-year performance, QTJL leads with 18.48% vs -87.37% for UPSX. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QTJL has performed better with a 18.48% return vs -87.37%. 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 1.30% for UPSX.
QTJL and UPSX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Tradr. Their fees differ too: 0.79% for QTJL and 1.30% for UPSX.
QTJL currently has the higher Sharpe Ratio (1.88 vs -0.63), 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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