XDSQ vs. QTAP

Last updated Jun 4, 2026

XDSQ (Innovator US Equity Accelerated ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds from Innovator. Both are actively managed. Over the past 5 years, XDSQ returned 9.80%/yr vs 13.78%/yr for QTAP. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

XDSQ vs. QTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator US Equity Accelerated ETF (XDSQ) and Innovator Growth Accelerated Plus ETF - April (QTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDSQ achieves a 2.80% return, which is significantly lower than QTAP's 14.67% return.

XDSQ

• 1D: 0.01%
• 1M: 1.59%
• YTD: 2.80%
• 6M: 3.86%
• 1Y: 15.98%
• 3Y*: 15.02%
• 5Y*: 9.80%
• 10Y*: —

QTAP

• 1D: -0.10%
• 1M: 2.89%
• YTD: 14.67%
• 6M: 15.56%
• 1Y: 25.59%
• 3Y*: 21.18%
• 5Y*: 13.78%
• 10Y*: —

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

XDSQ vs. QTAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XDSQ Innovator US Equity Accelerated ETF	2.80%	14.22%	23.12%	23.00%	-16.78%	12.75%
QTAP Innovator Growth Accelerated Plus ETF - April	14.67%	19.36%	17.34%	43.32%	-25.87%	15.63%

Correlation

The correlation between XDSQ and QTAP is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021	0.86

The correlation between XDSQ and QTAP shifts across timeframes, from 0.72 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

XDSQ vs. QTAP - Sectors Allocation Comparison

Sectors	XDSQ	QTAP
Technology	35.7%	50.7%
Financial Services	11.6%	0.2%
Communication Services	11.3%	15.8%
Consumer Cyclical	10.2%	12.5%
Healthcare	8.5%	5.1%
Industrials	8.3%	3.3%
Consumer Defensive	4.9%	8.7%
Energy	3.5%	0.7%
Utilities	2.4%	1.6%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.3%

Return for Risk

XDSQ vs. QTAP — Risk / Return Rank

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

XDSQ

XDSQ Risk / Return Rank: 43
XDSQ Sharpe Ratio Rank: 43
XDSQ Sortino Ratio Rank: 41
XDSQ Omega Ratio Rank: 50
XDSQ Calmar Ratio Rank: 34
XDSQ Martin Ratio Rank: 47

QTAP

QTAP Risk / Return Rank: 98
QTAP Sharpe Ratio Rank: 97
QTAP Sortino Ratio Rank: 98
QTAP Omega Ratio Rank: 98
QTAP Calmar Ratio Rank: 98
QTAP Martin Ratio Rank: 98

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.

XDSQ vs. QTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator US Equity Accelerated ETF (XDSQ) 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.

	XDSQ	QTAP	Difference
Sharpe ratio: Return per unit of total volatility	1.52	4.62	-3.10
Sortino ratio: Return per unit of downside risk	2.09	8.50	-6.40
Omega ratio: Gain probability vs. loss probability	1.32	2.23	-0.91
Calmar ratio: Return relative to maximum drawdown	1.67	15.20	-13.52
Martin ratio: Return relative to average drawdown	7.97	80.04	-72.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDSQ vs. QTAP - Sharpe Ratio Comparison

The current XDSQ Sharpe Ratio is 1.52, which is lower than the QTAP Sharpe Ratio of 4.62. The chart below compares the historical Sharpe Ratios of XDSQ and QTAP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XDSQ	QTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	4.62	-3.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.73	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.75	-0.06

Drawdowns

XDSQ vs. QTAP - Drawdown Comparison

The maximum XDSQ drawdown since its inception was -26.06%, smaller than the maximum QTAP drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for XDSQ and QTAP.

Drawdown Indicators

	XDSQ	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-26.06%	-29.44%	+3.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-1.69%	-7.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-13.03%	-6.12%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-29.44%	+3.38%
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-4.96%	-5.04%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	0.32%	+1.69%

Volatility

XDSQ vs. QTAP - Volatility Comparison

The current volatility for Innovator US Equity Accelerated ETF (XDSQ) is 0.57%, while Innovator Growth Accelerated Plus ETF - April (QTAP) has a volatility of 1.33%. This indicates that XDSQ experiences smaller price fluctuations and is considered to be less risky than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDSQ	QTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	1.33%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	8.40%	3.97%	+4.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	5.56%	+5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	18.89%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.10%	18.77%	-3.67%

XDSQ vs. QTAP - Expense Ratio Comparison

Both XDSQ and QTAP have an expense ratio of 0.79%.

Dividends

XDSQ vs. QTAP - Dividend Comparison

Neither XDSQ nor QTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDSQ and QTAP in my portfolio?

XDSQ and QTAP have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDSQ or QTAP?

QTAP has higher volatility (1.33%) compared to XDSQ (0.57%). In terms of maximum drawdown, XDSQ dropped -26.06% vs QTAP's -29.44%.

Which ETF is better, XDSQ or QTAP?

On 5-year performance, QTAP leads with 13.78% vs 9.80% for XDSQ. Both ETFs have the same 0.79% expense ratio. On volatility, XDSQ has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDSQ or QTAP?

Over the 5-year period, QTAP has performed better with a 13.78% return vs 9.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDSQ or QTAP?

XDSQ and QTAP have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, XDSQ or QTAP?

XDSQ and QTAP have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

QTAP currently has the higher Sharpe Ratio (4.62 vs 1.52), 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.