XDAP vs. QTAP
Compare and contrast key facts about Innovator U.S. Equity Accelerated ETF - April (XDAP) and Innovator Growth Accelerated Plus ETF - April (QTAP).
XDAP and QTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XDAP or QTAP.
Correlation
The correlation between XDAP and QTAP is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XDAP vs. QTAP - Performance Comparison
Key characteristics
XDAP:
1.87
QTAP:
1.53
XDAP:
2.52
QTAP:
2.08
XDAP:
1.41
QTAP:
1.34
XDAP:
2.32
QTAP:
1.87
XDAP:
11.85
QTAP:
8.67
XDAP:
1.36%
QTAP:
2.01%
XDAP:
8.65%
QTAP:
11.33%
XDAP:
-22.39%
QTAP:
-29.44%
XDAP:
-0.99%
QTAP:
-1.18%
Returns By Period
In the year-to-date period, XDAP achieves a 15.22% return, which is significantly lower than QTAP's 16.99% return.
XDAP
15.22%
0.21%
7.38%
15.67%
N/A
N/A
QTAP
16.99%
1.45%
7.51%
17.24%
N/A
N/A
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XDAP vs. QTAP - Expense Ratio Comparison
Both XDAP and QTAP have an expense ratio of 0.79%.
Risk-Adjusted Performance
XDAP vs. QTAP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated ETF - April (XDAP) 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.
Dividends
XDAP vs. QTAP - Dividend Comparison
Neither XDAP nor QTAP has paid dividends to shareholders.
Drawdowns
XDAP vs. QTAP - Drawdown Comparison
The maximum XDAP drawdown since its inception was -22.39%, smaller than the maximum QTAP drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for XDAP and QTAP. For additional features, visit the drawdowns tool.
Volatility
XDAP vs. QTAP - Volatility Comparison
Innovator U.S. Equity Accelerated ETF - April (XDAP) and Innovator Growth Accelerated Plus ETF - April (QTAP) have volatilities of 1.74% and 1.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.