UNHU vs. QTAP
UNHU (Direxion Daily UNH Bull 2X ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.09, they often move in opposite directions. UNHU charges 0.97%/yr vs 0.79%/yr for QTAP.
Performance
UNHU vs. QTAP - Performance Comparison
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Returns By Period
UNHU
- 1D
- 10.16%
- 1M
- 17.42%
- 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*
- —
UNHU vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
UNHU Direxion Daily UNH Bull 2X ETF | 105.67% |
QTAP Innovator Growth Accelerated Plus ETF - April | 12.64% |
Correlation
The correlation between UNHU and QTAP is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | -0.09 |
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Return for Risk
UNHU vs. QTAP — Risk / Return Rank
UNHU
QTAP
UNHU vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily UNH Bull 2X ETF (UNHU) 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
| UNHU | 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 | 57.76 | 0.75 | +57.01 |
Drawdowns
UNHU vs. QTAP - Drawdown Comparison
The maximum UNHU drawdown since its inception was -11.68%, smaller than the maximum QTAP drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for UNHU and QTAP.
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Drawdown Indicators
| UNHU | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -29.44% | +17.76% |
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 | -2.71% | -0.18% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -5.03% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
UNHU vs. QTAP - Volatility Comparison
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Volatility by Period
| UNHU | 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 | 69.61% | 5.56% | +64.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.61% | 18.88% | +50.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.61% | 18.77% | +50.84% |
UNHU vs. QTAP - Expense Ratio Comparison
UNHU has a 0.97% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
UNHU vs. QTAP - Dividend Comparison
Neither UNHU nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
UNHU and QTAP have a correlation of -0.09, 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 0.97% for UNHU.
UNHU and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 0.97% for UNHU and 0.79% for QTAP.
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