TPOR vs. QTJL
TPOR (Direxion Daily Transportation Bull 3X Shares) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. TPOR is passively managed, while QTJL is actively managed. Over the past 5 years, TPOR returned 1.96%/yr vs 9.06%/yr for QTJL. Their 0.58 correlation means they have sometimes moved together and sometimes differently. TPOR charges 1.01%/yr vs 0.79%/yr for QTJL.
Performance
TPOR vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, TPOR achieves a 30.85% return, which is significantly higher than QTJL's 2.56% return.
TPOR
- 1D
- -0.03%
- 1M
- -11.11%
- 6M
- 22.45%
- YTD
- 30.85%
- 1Y
- 71.71%
- 3Y*
- 4.30%
- 5Y*
- 1.96%
- 10Y*
- —
- ALL TIME*
- 6.83%
QTJL
- 1D
- 0.93%
- 1M
- -1.97%
- 6M
- 1.77%
- YTD
- 2.56%
- 1Y
- 11.97%
- 3Y*
- 15.99%
- 5Y*
- 9.06%
- 10Y*
- —
- ALL TIME*
- 9.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $200.88K | $354.66K | $247.25K | |
| $962.17K | $1.03M | $940.74K |
TPOR vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 30.85% | 3.26% | -9.12% | 54.60% | -58.70% | 27.33% |
QTJL Innovator Growth Accelerated Plus ETF - July | 2.56% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between TPOR and QTJL is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.58 |
The correlation between TPOR and QTJL shifts across timeframes, from 0.42 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TPOR vs. QTJL — Risk / Return Rank
TPOR
QTJL
TPOR vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) 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.
| TPOR | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.23 | +0.58 |
| Martin ratioReturn relative to average drawdown | 5.57 | 6.04 | -0.47 |
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Drawdowns
TPOR vs. QTJL - Drawdown Comparison
The maximum TPOR drawdown since its inception was -87.59%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for TPOR and QTJL.
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Drawdown Indicators
| TPOR | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.59% | -33.40% | -54.19% |
Max Drawdown (1Y)Largest decline over 1 year | -34.00% | -8.48% | -25.52% |
Max Drawdown (3Y)Largest decline over 3 years | -64.11% | -22.43% | -41.68% |
Max Drawdown (5Y)Largest decline over 5 years | -74.08% | -33.40% | -40.68% |
Current DrawdownCurrent decline from peak | -30.25% | -4.62% | -25.63% |
Average DrawdownAverage peak-to-trough decline | -38.45% | -7.74% | -30.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.04% | 1.73% | +9.31% |
Volatility
TPOR vs. QTJL - Volatility Comparison
Direxion Daily Transportation Bull 3X Shares (TPOR) has a higher volatility of 13.31% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.45%. This indicates that TPOR'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
| TPOR | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.31% | 6.45% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 46.89% | 9.63% | +37.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.38% | 11.72% | +47.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.86% | 20.43% | +47.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.74% | 20.30% | +50.44% |
TPOR vs. QTJL - Expense Ratio Comparison
TPOR has a 1.01% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
TPOR vs. QTJL - Dividend Comparison
TPOR's dividend yield for the trailing twelve months is around 0.57%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPOR Direxion Daily Transportation Bull 3X Shares | 0.57% | 0.91% | 1.43% | 1.51% | 0.00% | 0.00% | 0.10% | 0.96% | 1.22% | 8.70% |
Frequently Asked Questions
TPOR and QTJL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPOR has higher volatility (13.31%) compared to QTJL (6.45%). In terms of maximum drawdown, TPOR dropped -87.59% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.06% vs 1.96% for TPOR. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.06% return vs 1.96%. 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 1.01% for TPOR.
TPOR has the higher dividend yield at 0.57%, compared with 0.00% for QTJL.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.01% for TPOR and 0.79% for QTJL.
TPOR currently has the higher Sharpe Ratio (1.04 vs 0.89), 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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