XTJL vs. QTJL

Last updated Jun 5, 2026

XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds from Innovator. Both are actively managed. Over the past 3 years, XTJL returned 14.67%/yr vs 19.18%/yr for QTJL. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

XTJL vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) 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, XTJL achieves a 5.38% return, which is significantly lower than QTJL's 7.18% return.

XTJL

• 1D: 0.02%
• 1M: 1.01%
• YTD: 5.38%
• 6M: 6.35%
• 1Y: 15.58%
• 3Y*: 14.67%
• 5Y*: —
• 10Y*: —

QTJL

• 1D: 0.02%
• 1M: 1.08%
• YTD: 7.18%
• 6M: 7.93%
• 1Y: 20.28%
• 3Y*: 19.18%
• 5Y*: —
• 10Y*: —

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

XTJL vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.38%	15.42%	14.43%	25.72%	-15.66%	7.28%
QTJL Innovator Growth Accelerated Plus ETF - July	7.18%	21.07%	16.50%	42.39%	-30.16%	9.32%

Correlation

The correlation between XTJL and QTJL is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.92

The correlation between XTJL and QTJL has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

XTJL vs. QTJL - Sectors Allocation Comparison

Sectors	XTJL	QTJL
Technology	36.2%	54.2%
Financial Services	11.9%	0.2%
Communication Services	10.9%	15.5%
Consumer Cyclical	10.1%	12.2%
Healthcare	8.4%	4.2%
Industrials	8.1%	2.8%
Consumer Defensive	4.9%	7.6%
Energy	3.5%	0.6%
Utilities	2.3%	1.4%
Real Estate	1.9%	0.1%
Basic Materials	1.8%	1.2%

Return for Risk

XTJL vs. QTJL — Risk / Return Rank

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

XTJL

XTJL Risk / Return Rank: 72
XTJL Sharpe Ratio Rank: 65
XTJL Sortino Ratio Rank: 70
XTJL Omega Ratio Rank: 79
XTJL Calmar Ratio Rank: 63
XTJL Martin Ratio Rank: 85

QTJL

QTJL Risk / Return Rank: 68
QTJL Sharpe Ratio Rank: 62
QTJL Sortino Ratio Rank: 63
QTJL Omega Ratio Rank: 71
QTJL Calmar Ratio Rank: 62
QTJL Martin Ratio Rank: 82

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.

XTJL vs. QTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) 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.

	XTJL	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.04	+0.07
Sortino ratio: Return per unit of downside risk	3.13	2.90	+0.23
Omega ratio: Gain probability vs. loss probability	1.46	1.41	+0.05
Calmar ratio: Return relative to maximum drawdown	3.06	3.05	+0.01
Martin ratio: Return relative to average drawdown	17.30	16.05	+1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTJL vs. QTJL - Sharpe Ratio Comparison

The current XTJL Sharpe Ratio is 2.11, which is comparable to the QTJL Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of XTJL 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.

Sharpe Ratios by Period

	XTJL	QTJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.04	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.52	+0.12

Drawdowns

XTJL vs. QTJL - Drawdown Comparison

The maximum XTJL drawdown since its inception was -23.24%, smaller than the maximum QTJL drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for XTJL and QTJL.

Drawdown Indicators

	XTJL	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-23.24%	-33.40%	+10.16%
Max Drawdown (1Y) Largest decline over 1 year	-5.12%	-6.68%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-16.70%	-22.43%	+5.73%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.04%	-7.93%	+3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.27%	-0.37%

Volatility

XTJL vs. QTJL - Volatility Comparison

Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and Innovator Growth Accelerated Plus ETF - July (QTJL) have volatilities of 0.31% and 0.30%, 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.

Volatility by Period

	XTJL	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	0.30%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	5.72%	7.60%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	7.42%	9.99%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	20.42%	-5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	20.42%	-5.21%

XTJL vs. QTJL - Expense Ratio Comparison

Both XTJL and QTJL have an expense ratio of 0.79%.

Dividends

XTJL vs. QTJL - Dividend Comparison

Neither XTJL nor QTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XTJL and QTJL in my portfolio?

With a correlation of 0.92, XTJL and QTJL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, XTJL or QTJL?

XTJL has higher volatility (0.31%) compared to QTJL (0.30%). In terms of maximum drawdown, XTJL dropped -23.24% vs QTJL's -33.40%.

Which ETF is better, XTJL or QTJL?

On 3-year performance, QTJL leads with 19.18% vs 14.67% for XTJL. Both ETFs have the same 0.79% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTJL or QTJL?

Over the 3-year period, QTJL has performed better with a 19.18% return vs 14.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTJL or QTJL?

XTJL and QTJL have the same expense ratio: 0.79% per year.

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

XTJL and QTJL have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (2.11 vs 2.04), 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.