TDAX vs. QTAP
TDAX (TDAQ Lift ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. TDAX charges 0.98%/yr vs 0.79%/yr for QTAP.
Performance
TDAX vs. QTAP - Performance Comparison
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Returns By Period
TDAX
- 1D
- -0.64%
- 1M
- 11.17%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -0.08%
- 1M
- 2.33%
- YTD
- 14.58%
- 6M
- 15.43%
- 1Y
- 25.33%
- 3Y*
- 21.09%
- 5Y*
- 13.77%
- 10Y*
- —
TDAX vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TDAX TDAQ Lift ETF | 20.74% |
QTAP Innovator Growth Accelerated Plus ETF - April | 14.18% |
Correlation
The correlation between TDAX and QTAP is 0.79, 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 Jan 8, 2026 | 0.79 |
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Return for Risk
TDAX vs. QTAP — Risk / Return Rank
TDAX
QTAP
TDAX vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.
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
| TDAX | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.57 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.52 | 0.75 | +1.77 |
Drawdowns
TDAX vs. QTAP - Drawdown Comparison
The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum QTAP drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for TDAX and QTAP.
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Drawdown Indicators
| TDAX | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -29.44% | +14.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.69% | — |
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 | -0.71% | -0.18% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -5.03% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
TDAX vs. QTAP - Volatility Comparison
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Volatility by Period
| TDAX | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.63% | 5.56% | +18.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.63% | 18.88% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.63% | 18.77% | +4.86% |
TDAX vs. QTAP - Expense Ratio Comparison
TDAX has a 0.98% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
TDAX vs. QTAP - Dividend Comparison
TDAX's dividend yield for the trailing twelve months is around 7.45%, while QTAP has not paid dividends to shareholders.
| Position | TTM |
|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% |
TDAX TDAQ Lift ETF | 7.45% |
Frequently Asked Questions
TDAX and QTAP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTAP is cheaper with a 0.79% expense ratio, compared with 0.98% for TDAX.
TDAX has the higher dividend yield at 7.45%, compared with 0.00% for QTAP.
They also come from different issuers: TappAlpha and Innovator. Their fees differ too: 0.98% for TDAX and 0.79% for QTAP.
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