QTJL vs. XDSQ

Last updated Jun 25, 2026

QTJL (Innovator Growth Accelerated Plus ETF - July) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds from Innovator. Both are actively managed. Over the past 3 years, QTJL returned 19.09%/yr vs 14.49%/yr for XDSQ. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

QTJL vs. XDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - July (QTJL) and Innovator US Equity Accelerated ETF (XDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTJL achieves a 7.39% return, which is significantly higher than XDSQ's 3.10% return.

QTJL

• 1D: 0.01%
• 1M: 0.45%
• YTD: 7.39%
• 6M: 6.98%
• 1Y: 18.48%
• 3Y*: 19.09%
• 5Y*: —
• 10Y*: —

XDSQ

• 1D: 0.05%
• 1M: 0.67%
• YTD: 3.10%
• 6M: 1.79%
• 1Y: 14.96%
• 3Y*: 14.49%
• 5Y*: 9.69%
• 10Y*: —

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

QTJL vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QTJL Innovator Growth Accelerated Plus ETF - July	7.39%	21.07%	16.50%	42.39%	-30.16%	9.36%
XDSQ Innovator US Equity Accelerated ETF	3.10%	14.22%	23.12%	23.00%	-16.78%	6.84%

Correlation

The correlation between QTJL and XDSQ is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.88

The correlation between QTJL and XDSQ has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

QTJL vs. XDSQ - Sectors Allocation Comparison

Sectors	QTJL	XDSQ
Technology	58.0%	39.1%
Communication Services	14.5%	10.7%
Consumer Cyclical	11.6%	9.9%
Consumer Defensive	6.6%	4.5%
Healthcare	3.7%	8.3%
Industrials	2.6%	7.8%
Utilities	1.2%	2.1%
Basic Materials	1.0%	1.7%
Energy	0.5%	3.1%
Financial Services	0.2%	10.9%
Real Estate	0.1%	1.8%

Return for Risk

QTJL vs. XDSQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTJL

QTJL Risk / Return Rank: 71
QTJL Sharpe Ratio Rank: 65
QTJL Sortino Ratio Rank: 67
QTJL Omega Ratio Rank: 75
QTJL Calmar Ratio Rank: 64
QTJL Martin Ratio Rank: 82

XDSQ

XDSQ Risk / Return Rank: 45
XDSQ Sharpe Ratio Rank: 46
XDSQ Sortino Ratio Rank: 43
XDSQ Omega Ratio Rank: 54
XDSQ Calmar Ratio Rank: 35
XDSQ Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QTJL vs. XDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Innovator US Equity Accelerated ETF (XDSQ). 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	XDSQ	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.43	+0.45
Sortino ratio: Return per unit of downside risk	2.69	1.98	+0.71
Omega ratio: Gain probability vs. loss probability	1.39	1.30	+0.09
Calmar ratio: Return relative to maximum drawdown	2.78	1.57	+1.21
Martin ratio: Return relative to average drawdown	14.63	7.47	+7.16

QTJL vs. XDSQ - Sharpe Ratio Comparison

The current QTJL Sharpe Ratio is 1.88, which is higher than the XDSQ Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of QTJL and XDSQ, 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. XDSQ - Drawdown Comparison

The maximum QTJL drawdown since its inception was -33.40%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for QTJL and XDSQ.

Drawdown Indicators

	QTJL	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-26.06%	-7.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-9.60%	+2.92%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-19.15%	-3.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-0.03%	0.00%	-0.03%
Average Drawdown Average peak-to-trough decline	-7.84%	-4.91%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	2.01%	-0.74%

Volatility

QTJL vs. XDSQ - Volatility Comparison

Innovator Growth Accelerated Plus ETF - July (QTJL) and Innovator US Equity Accelerated ETF (XDSQ) have volatilities of 0.60% and 0.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTJL	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	0.59%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.39%	8.00%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	9.86%	10.50%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.30%	15.28%	+5.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	15.02%	+5.28%

QTJL vs. XDSQ - Expense Ratio Comparison

Both QTJL and XDSQ have an expense ratio of 0.79%.

Dividends

QTJL vs. XDSQ - Dividend Comparison

Neither QTJL nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QTJL and XDSQ in my portfolio?

QTJL and XDSQ have a correlation of 0.87, 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 XDSQ?

QTJL has higher volatility (0.60%) compared to XDSQ (0.59%). In terms of maximum drawdown, QTJL dropped -33.40% vs XDSQ's -26.06%.

Which ETF is better, QTJL or XDSQ?

On 3-year performance, QTJL leads with 19.09% vs 14.49% for XDSQ. Both ETFs have the same 0.79% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTJL or XDSQ?

Over the 3-year period, QTJL has performed better with a 19.09% return vs 14.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTJL or XDSQ?

QTJL and XDSQ have the same expense ratio: 0.79% per year.

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

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

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (1.88 vs 1.43), 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.