XTJL vs. QTJL

Last updated Aug 2, 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 5 years, XTJL returned 9.55%/yr vs 9.06%/yr for QTJL. Their correlation of 0.92 means they have usually moved in the same direction. 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 6.32% return, which is significantly higher than QTJL's 2.56% return.

XTJL

• 1D: 0.76%
• 1M: 0.96%
• 6M: 5.49%
• YTD: 6.32%
• 1Y: 14.27%
• 3Y*: 13.98%
• 5Y*: 9.55%
• 10Y*: —
• ALL TIME*: 9.76%

QTJL

• 1D: 0.93%
• 1M: -1.97%
• 6M: 1.77%
• YTD: 2.56%
• 1Y: 11.97%
• 3Y*: 15.99%
• 5Y*: 9.06%
• 10Y*: —
• ALL TIME*: 9.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QTJL Innovator Growth Accelerated Plus ETF - July	$200.88K	$354.66K	$247.25K
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	$26.11K	$26.81K	$267.40K

XTJL vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	6.32%	15.42%	14.43%	25.72%	-15.66%	7.81%
QTJL Innovator Growth Accelerated Plus ETF - July	2.56%	21.07%	16.50%	42.39%	-30.16%	9.36%

Correlation

The correlation between XTJL and QTJL is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.92

The correlation between XTJL and QTJL has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

XTJL vs. QTJL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XTJL

XTJL Risk / Return Rank: 79
XTJL Sharpe Ratio Rank: 74
XTJL Sortino Ratio Rank: 77
XTJL Omega Ratio Rank: 84
XTJL Calmar Ratio Rank: 73
XTJL Martin Ratio Rank: 89

QTJL

QTJL Risk / Return Rank: 39
QTJL Sharpe Ratio Rank: 36
QTJL Sortino Ratio Rank: 35
QTJL Omega Ratio Rank: 38
QTJL Calmar Ratio Rank: 36
QTJL Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	XTJL	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	1.68	0.89	+0.79
Sortino ratio: Return per unit of downside risk	2.48	1.33	+1.15
Omega ratio: Gain probability vs. loss probability	1.36	1.18	+0.18
Calmar ratio: Return relative to maximum drawdown	2.55	1.23	+1.32
Martin ratio: Return relative to average drawdown	14.07	6.04	+8.03

XTJL vs. QTJL - Sharpe Ratio Comparison

The current XTJL Sharpe Ratio is 1.68, which is higher than the QTJL Sharpe Ratio of 0.89. 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.

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%	-8.48%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-16.70%	-22.43%	+5.73%
Max Drawdown (5Y) Largest decline over 5 years	-23.24%	-33.40%	+10.16%
Current Drawdown Current decline from peak	-0.09%	-4.62%	+4.53%
Average Drawdown Average peak-to-trough decline	-3.92%	-7.74%	+3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	1.73%	-0.80%

Volatility

XTJL vs. QTJL - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) is 2.90%, while Innovator Growth Accelerated Plus ETF - July (QTJL) has a volatility of 6.45%. This indicates that XTJL experiences smaller price fluctuations and is considered to be less risky than QTJL based on this measure. 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	2.90%	6.45%	-3.55%
Volatility (6M) Calculated over the trailing 6-month period	6.12%	9.63%	-3.51%
Volatility (1Y) Calculated over the trailing 1-year period	7.79%	11.72%	-3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	20.43%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	20.30%	-5.27%

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 0.90, 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?

QTJL has higher volatility (6.45%) compared to XTJL (2.90%). In terms of maximum drawdown, XTJL dropped -23.24% vs QTJL's -33.40%.

Which ETF is better, XTJL or QTJL?

On 5-year performance, XTJL leads with 9.55% vs 9.06% for QTJL. Both ETFs have the same 0.79% expense ratio. On volatility, XTJL has been the lower-risk option at 2.90%. 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 5-year period, XTJL has performed better with a 9.55% return vs 9.06%. 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 (1.68 vs 0.89), 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.