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ETFs

Innovator Growth Accelerated Plus ETF - July

QTJL
$--
Today’s Change
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Snapshot
*

Inception Date
Jun 30 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$31,845
AUM
$7,969,500
Associated Index
Invesco QQQ Trust
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
QQQ 06/30/2023 2.81 C
94.92%
n/a
QQQ 06/30/2023 280.28 C
22.76%
n/a
Cash & Other
0.08%
n/a
QQQ 06/30/2023 304.97 C
-17.77%
Invest with QTJL

What is QTJL?

The Innovator Growth Accelerated Plus ETF seeks to provide triple (3x) the upside return of QQQ (Invesco QQQ Trust), to a cap, with approximately single exposure to the downside, over a annual outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

ETFs related toQTJL

ETFs correlated to QTJL include QQQ, QLD, TQQQ

QTJL
Innovator ETFs Trust - Innovator Growth Accelerated Plus ETF - July
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
QMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - March
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.

Automated Strategies
Related toQTJL

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

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Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

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Risk Rating

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Create your own algorithmic trading strategy with QTJL using Composer

FAQ

QTJL is a US Equities ETF. The Innovator Growth Accelerated Plus ETF seeks to provide triple (3x) the upside return of QQQ (Invesco QQQ Trust), to a cap, with approximately single exposure to the downside, over a annual outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

QTJL tracks the Invesco QQQ Trust.

No, QTJL 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, QTJL 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 QTJL is 0.0314%. This is the percent change in the value of QTJL over the most recent 1-month period. The 3-month return on QTJL is 0.1451%. This is the percent change in the value of QTJL over the most recent 3-month period.

The standard deviation of QTJL for the past year is 0.2894%. 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 QTJL include XDQQ, BUFQ, and QTAP.

ETFs correlated to QTJL include QQQ, QLD, and TQQQ.

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

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

Yes, QTJL is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Invesco QQQ Trust, but move 3x in the opposite direction.

Disclaimers

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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.