TSLG vs. QTJL

Last updated Jun 24, 2026

TSLG (Leverage Shares 2X Long TSLA Daily ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Over the past year, TSLG returned -12.69% vs 18.59% for QTJL. A 0.63 correlation means they provide meaningful diversification when combined. TSLG charges 0.75%/yr vs 0.79%/yr for QTJL.

Performance

TSLG vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long TSLA Daily ETF (TSLG) and Innovator Growth Accelerated Plus ETF - July (QTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLG achieves a -37.23% return, which is significantly lower than QTJL's 7.38% return.

TSLG

• 1D: -11.63%
• 1M: -22.10%
• YTD: -37.23%
• 6M: -46.41%
• 1Y: -12.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTJL

• 1D: -0.04%
• 1M: 0.44%
• YTD: 7.38%
• 6M: 6.82%
• 1Y: 18.59%
• 3Y*: 19.09%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSLG vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLG Leverage Shares 2X Long TSLA Daily ETF	-37.23%	-26.70%	-14.82%
QTJL Innovator Growth Accelerated Plus ETF - July	7.38%	21.07%	-1.37%

Correlation

The correlation between TSLG and QTJL is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.63

The correlation between TSLG and QTJL has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

Return for Risk

TSLG vs. QTJL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSLG

TSLG Risk / Return Rank: 8
TSLG Sharpe Ratio Rank: 7
TSLG Sortino Ratio Rank: 11
TSLG Omega Ratio Rank: 10
TSLG Calmar Ratio Rank: 7
TSLG Martin Ratio Rank: 7

QTJL

QTJL Risk / Return Rank: 67
QTJL Sharpe Ratio Rank: 61
QTJL Sortino Ratio Rank: 63
QTJL Omega Ratio Rank: 71
QTJL Calmar Ratio Rank: 61
QTJL Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSLG vs. QTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSLA Daily ETF (TSLG) 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.

	TSLG	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	1.89	-2.04
Sortino ratio: Return per unit of downside risk	0.41	2.70	-2.30
Omega ratio: Gain probability vs. loss probability	1.05	1.39	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.23	2.79	-3.03
Martin ratio: Return relative to average drawdown	-0.47	14.72	-15.19

TSLG vs. QTJL - Sharpe Ratio Comparison

The current TSLG Sharpe Ratio is -0.15, which is lower than the QTJL Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of TSLG and QTJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLG vs. QTJL - Drawdown Comparison

The maximum TSLG drawdown since its inception was -82.86%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for TSLG and QTJL.

Drawdown Indicators

	TSLG	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-82.86%	-33.40%	-49.46%
Max Drawdown (1Y) Largest decline over 1 year	-54.61%	-6.68%	-47.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.43%	—
Current Drawdown Current decline from peak	-68.29%	-0.04%	-68.25%
Average Drawdown Average peak-to-trough decline	-58.78%	-7.85%	-50.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.68%	1.27%	+26.41%

Volatility

TSLG vs. QTJL - Volatility Comparison

Leverage Shares 2X Long TSLA Daily ETF (TSLG) has a higher volatility of 29.15% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.60%. This indicates that TSLG'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.

Volatility by Period

	TSLG	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.15%	0.60%	+28.55%
Volatility (6M) Calculated over the trailing 6-month period	57.01%	7.42%	+49.59%
Volatility (1Y) Calculated over the trailing 1-year period	89.25%	9.88%	+79.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.05%	20.31%	+94.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.05%	20.31%	+94.74%

TSLG vs. QTJL - Expense Ratio Comparison

TSLG has a 0.75% expense ratio, which is lower than QTJL's 0.79% expense ratio.

Dividends

TSLG vs. QTJL - Dividend Comparison

TSLG's dividend yield for the trailing twelve months is around 10.43%, while QTJL has not paid dividends to shareholders.

Position	TTM	2025
QTJL Innovator Growth Accelerated Plus ETF - July	0.00%	0.00%
TSLG Leverage Shares 2X Long TSLA Daily ETF	10.43%	6.55%

Frequently Asked Questions

Can I hold both TSLG and QTJL in my portfolio?

TSLG and QTJL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLG or QTJL?

TSLG has higher volatility (29.15%) compared to QTJL (0.60%). In terms of maximum drawdown, TSLG dropped -82.86% vs QTJL's -33.40%.

Which ETF is better, TSLG or QTJL?

On 1-year performance, QTJL leads with 18.59% vs -12.69% for TSLG. On fees, TSLG is cheaper at 0.75% per year. On volatility, QTJL has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLG or QTJL?

Over the 1-year period, QTJL has performed better with a 18.59% return vs -12.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLG or QTJL?

TSLG is cheaper with a 0.75% expense ratio, compared with 0.79% for QTJL.

Which ETF pays a higher dividend yield, TSLG or QTJL?

TSLG has the higher dividend yield at 10.43%, compared with 0.00% for QTJL.

What is the main difference between TSLG and QTJL?

They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for TSLG and 0.79% for QTJL.

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (1.89 vs -0.15), 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.