TSLI vs. QTAP
TSLI (ProShares Ultra TSLA) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
TSLI vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, TSLI achieves a -27.63% return, which is significantly lower than QTAP's 13.88% return.
TSLI
- 1D
- 16.30%
- 1M
- -13.97%
- YTD
- -27.63%
- 6M
- -31.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- 0.78%
- 1M
- -0.79%
- YTD
- 13.88%
- 6M
- 13.71%
- 1Y
- 21.78%
- 3Y*
- 19.66%
- 5Y*
- 12.74%
- 10Y*
- —
TSLI vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSLI ProShares Ultra TSLA | -27.63% | 48.21% |
QTAP Innovator Growth Accelerated Plus ETF - April | 13.88% | 3.32% |
Correlation
The correlation between TSLI and QTAP is 0.55, 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 Sep 10, 2025 | 0.55 |
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Return for Risk
TSLI vs. QTAP — Risk / Return Rank
TSLI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP
TSLI vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra TSLA (TSLI) 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.
| TSLI | QTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.90 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.79 | — |
| Martin ratioReturn relative to average drawdown | — | 47.37 | — |
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Drawdowns
TSLI vs. QTAP - Drawdown Comparison
The maximum TSLI drawdown since its inception was -54.83%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for TSLI and QTAP.
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Drawdown Indicators
| TSLI | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.83% | -29.44% | -25.39% |
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 | -39.83% | -0.79% | -39.04% |
Average DrawdownAverage peak-to-trough decline | -26.12% | -4.98% | -21.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.46% | — |
Volatility
TSLI vs. QTAP - Volatility Comparison
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Volatility by Period
| TSLI | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.44% | 6.10% | +82.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.44% | 18.92% | +69.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.44% | 18.69% | +69.75% |
Dividends
TSLI vs. QTAP - Dividend Comparison
TSLI's dividend yield for the trailing twelve months is around 9.72%, while QTAP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% |
TSLI ProShares Ultra TSLA | 9.72% | 6.17% |
Frequently Asked Questions
TSLI and QTAP have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLI has the higher dividend yield at 9.72%, compared with 0.00% for QTAP.
They also come from different issuers: ProShares and Innovator.
Find the right allocation for TSLI and QTAP
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