SHPU vs. QTJL
SHPU (Direxion Daily SHOP Bull 2X ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. SHPU charges 1.09%/yr vs 0.79%/yr for QTJL.
Performance
SHPU vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, SHPU achieves a -63.82% return, which is significantly lower than QTJL's 6.86% return.
SHPU
- 1D
- -11.54%
- 1M
- 3.30%
- YTD
- -63.82%
- 6M
- -63.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTJL
- 1D
- -0.30%
- 1M
- 0.59%
- YTD
- 6.86%
- 6M
- 7.42%
- 1Y
- 20.45%
- 3Y*
- 19.00%
- 5Y*
- —
- 10Y*
- —
SHPU vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHPU Direxion Daily SHOP Bull 2X ETF | -63.82% | -2.39% |
QTJL Innovator Growth Accelerated Plus ETF - July | 6.86% | 7.11% |
Correlation
The correlation between SHPU and QTJL is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025 | 0.55 |
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Return for Risk
SHPU vs. QTJL — Risk / Return Rank
SHPU
QTJL
SHPU vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SHOP Bull 2X ETF (SHPU) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SHPU | QTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | 0.52 | -1.17 |
Drawdowns
SHPU vs. QTJL - Drawdown Comparison
The maximum SHPU drawdown since its inception was -77.97%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for SHPU and QTJL.
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Drawdown Indicators
| SHPU | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.97% | -33.40% | -44.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.43% | — |
Current DrawdownCurrent decline from peak | -71.86% | -0.30% | -71.56% |
Average DrawdownAverage peak-to-trough decline | -37.03% | -7.93% | -29.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.27% | — |
Volatility
SHPU vs. QTJL - Volatility Comparison
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Volatility by Period
| SHPU | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 110.47% | 10.00% | +100.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.47% | 20.41% | +90.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.47% | 20.41% | +90.06% |
SHPU vs. QTJL - Expense Ratio Comparison
SHPU has a 1.09% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
SHPU vs. QTJL - Dividend Comparison
SHPU's dividend yield for the trailing twelve months is around 56.43%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% |
SHPU Direxion Daily SHOP Bull 2X ETF | 56.43% | 20.05% |
Frequently Asked Questions
SHPU and QTJL have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTJL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTJL is cheaper with a 0.79% expense ratio, compared with 1.09% for SHPU.
SHPU has the higher dividend yield at 56.43%, compared with 0.00% for QTJL.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.09% for SHPU and 0.79% for QTJL.
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