SPOG vs. QTAP
SPOG (Leverage Shares 2X Long SPOT Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. SPOG charges 0.75%/yr vs 0.79%/yr for QTAP.
Performance
SPOG vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, SPOG achieves a -49.59% return, which is significantly lower than QTAP's 12.83% return.
SPOG
- 1D
- -1.65%
- 1M
- -24.63%
- YTD
- -49.59%
- 6M
- -49.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -1.14%
- 1M
- -0.91%
- YTD
- 12.83%
- 6M
- 13.01%
- 1Y
- 22.41%
- 3Y*
- 19.78%
- 5Y*
- 12.65%
- 10Y*
- —
SPOG vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPOG Leverage Shares 2X Long SPOT Daily ETF | -49.59% | -18.73% |
QTAP Innovator Growth Accelerated Plus ETF - April | 12.83% | 2.01% |
Correlation
The correlation between SPOG and QTAP is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.17 |
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Return for Risk
SPOG vs. QTAP — Risk / Return Rank
SPOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP
SPOG vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and Innovator Growth Accelerated Plus ETF - April (QTAP). 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.
| SPOG | QTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.94 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.04 | — |
| Martin ratioReturn relative to average drawdown | — | 52.85 | — |
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Drawdowns
SPOG vs. QTAP - Drawdown Comparison
The maximum SPOG drawdown since its inception was -64.41%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for SPOG and QTAP.
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Drawdown Indicators
| SPOG | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.41% | -29.44% | -34.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.44% | — |
Current DrawdownCurrent decline from peak | -59.44% | -1.70% | -57.74% |
Average DrawdownAverage peak-to-trough decline | -41.38% | -4.99% | -36.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.43% | — |
Volatility
SPOG vs. QTAP - Volatility Comparison
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Volatility by Period
| SPOG | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.37% | 6.12% | +94.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.37% | 18.92% | +81.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.37% | 18.72% | +81.65% |
SPOG vs. QTAP - Expense Ratio Comparison
SPOG has a 0.75% expense ratio, which is lower than QTAP's 0.79% expense ratio.
Dividends
SPOG vs. QTAP - Dividend Comparison
Neither SPOG nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
SPOG and QTAP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPOG is cheaper with a 0.75% expense ratio, compared with 0.79% for QTAP.
SPOG and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for SPOG and 0.79% for QTAP.
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