SMU vs. QTJL
SMU (Tradr 2X Long SMR Daily ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Over the past year, SMU returned -99.22% vs 13.53% for QTJL. At a 0.42 correlation, their price movements are largely independent. SMU charges 1.30%/yr vs 0.79%/yr for QTJL.
Performance
SMU vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, SMU achieves a -84.70% return, which is significantly lower than QTJL's 4.13% return.
SMU
- 1D
- -16.70%
- 1M
- -44.43%
- 6M
- -90.92%
- YTD
- -84.70%
- 1Y
- -99.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTJL
- 1D
- -1.51%
- 1M
- -2.95%
- 6M
- 3.48%
- YTD
- 4.13%
- 1Y
- 13.53%
- 3Y*
- 16.55%
- 5Y*
- 9.73%
- 10Y*
- —
SMU vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMU Tradr 2X Long SMR Daily ETF | -84.70% | -91.57% |
QTJL Innovator Growth Accelerated Plus ETF - July | 4.13% | 9.36% |
Correlation
The correlation between SMU and QTJL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.42 |
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Return for Risk
SMU vs. QTJL — Risk / Return Rank
SMU
QTJL
SMU vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SMR Daily ETF (SMU) 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.
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.
| SMU | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.85 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.26 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.03 | -3.03 |
| Martin ratioReturn relative to average drawdown | -1.19 | 10.11 | -11.29 |
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Drawdowns
SMU vs. QTJL - Drawdown Comparison
The maximum SMU drawdown since its inception was -99.35%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for SMU and QTJL.
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Drawdown Indicators
| SMU | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.35% | -33.40% | -65.95% |
Max Drawdown (1Y)Largest decline over 1 year | -99.35% | -6.68% | -92.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.40% | — |
Current DrawdownCurrent decline from peak | -99.35% | -3.17% | -96.18% |
Average DrawdownAverage peak-to-trough decline | -78.19% | -7.77% | -70.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 83.46% | 1.34% | +82.12% |
Volatility
SMU vs. QTJL - Volatility Comparison
Tradr 2X Long SMR Daily ETF (SMU) has a higher volatility of 44.07% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 4.19%. This indicates that SMU's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMU | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.07% | 4.19% | +39.88% |
Volatility (6M)Calculated over the trailing 6-month period | 132.95% | 8.42% | +124.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 199.44% | 10.63% | +188.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.29% | 20.34% | +179.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.29% | 20.27% | +180.02% |
SMU vs. QTJL - Expense Ratio Comparison
SMU has a 1.30% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
SMU vs. QTJL - Dividend Comparison
Neither SMU nor QTJL has paid dividends to shareholders.
Frequently Asked Questions
SMU and QTJL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMU has higher volatility (44.07%) compared to QTJL (4.19%). In terms of maximum drawdown, SMU dropped -99.35% vs QTJL's -33.40%.
On 1-year performance, QTJL leads with 13.53% vs -99.22% for SMU. 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 1-year period, QTJL has performed better with a 13.53% return vs -99.22%. 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 SMU.
SMU and QTJL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.30% for SMU and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (1.28 vs -0.50), 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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