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ETFs

Innovator Growth Accelerated Plus ETF - April

QTAP
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Apr 1, 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$110,454
AUM
$17,904,000
Associated Index
Invesco QQQ Trust
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
QQQ 03/28/2024 3.22 C
99.98%
—
QQQ 03/28/2024 320.94 C
30%
—
Cash & Other
0.26%
—
QQQ 03/28/2024 344.23 C
-30.25%
Invest with QTAP
Trade QTAP Options

What is QTAP?

The Innovator Growth Accelerated Plus ETF - April seeks to provide triple (3x) the upside return of QQQ (Invesco QQQ Trust), to a cap, with approximatelysingle exposure to the downside, over a annual outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period.

1M
3M
6M
YTD
1Y
3Y
Max
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QTAP
Performance Measures**

for the time period Apr 1, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 1.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -29.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.6%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.68

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.41

The annualized return divided by the max drawdown for the selected time period.

ETFs related toQTAP

ETFs correlated to QTAP include BUFQ, QSPT, NJUL

QTAP
Innovator ETFs Trust - Innovator Growth Accelerated Plus ETF - April
BUFQ
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Fund of Nasdaq-100 Buffer ETF
QSPT
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - September
NJUL
Innovator ETFs Trust - Innovator Growth-100 Power Buffer ETF - July
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

QTAP is a US Equities ETF. The Innovator Growth Accelerated Plus ETF - April seeks to provide triple (3x) the upside return of QQQ (Invesco QQQ Trust), to a cap, with approximatelysingle exposure to the downside, over a annual outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period.

QTAP tracks the Invesco QQQ Trust.

No, QTAP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, QTAP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on QTAP is 0.0113%. This is the percent change in the value of QTAP over the most recent 1-month period. The 3-month return on QTAP is 0.023%. This is the percent change in the value of QTAP over the most recent 3-month period.

The standard deviation of QTAP for the past year is 0.2171%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to QTAP include QMAR, QTOC, and QJUN.

ETFs correlated to QTAP include BUFQ, QSPT, and NJUL.

ETFs that are inversely correlated to QTAP include QID, SQQQ, and PSQ.

Yes, QTAP is a Leveraged (3x) ETF: This means that QTAP will try to match the performance of Invesco QQQ Trust, but with 3x the returns.

No, QTAP is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.