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Launched

Innovator Growth Accelerated Plus ETF

QTAPCboeInnovatorB

$52.24−0.26 (−0.50%)

As of Nov 2, 2026, 3:59 PM ET

B58/ 100

Rank 2 of 8 in Nasdaq-100 Accelerated

B58/100Rank 2 of 8inNasdaq-100 Accelerated
Intraday session: down, 78 prints from 52.50 to 52.24. Range 52.19 to 52.78. Use the arrow keys to read each point.52.4052.6052.7052.8010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$20M
1Y total return
+19.0%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
1.85K sh
52W range
low $42.60high $53.49
Launched

The ETF.net QTAP Grade

Based on 4 of 6 pillars

B

Score 58 out of 100

Category
Nasdaq-100 Accelerated⁠
Rank
2 of 8
Six-pillar profile for QTAP. Scores out of 100: Cost 46, Risk 82, Mission not scored, Tradability 53, Holdings not scored, Durability 71. Strongest: Risk (82). Weakest: Cost (46). Based on 4 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C46 out of 100
    Rank 3 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A82 out of 100
    Rank 1 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 6 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 2 of 8

Our read on QTAP

ETF.net Research

In short

BTriple QQQ's upside to a cap, roughly one-for-one on the way down, over a one-year stretch that resets each April. Leveraged-style math without a daily reset, and no buffer underneath it.

Stated mandate

The Fund seeks to deliver three times the positive return of the Invesco QQQ Trust over the current annual outcome period, subject to a 22.80% gross cap, while approximately matching QQQ losses. It uses FLEX Options and provides no downside buffer.

Why people hold it

  • Three up, one down: the options structure targets 3x QQQ's gain to a cap while tracking its decline about one-for-one across the annual outcome period.innovatoretfs.com
  • Outcomes are measured over a full year rather than daily, so the structure sidesteps the compounding drift baked into daily 3x leveraged funds.innovatoretfs.com
  • The 0.79% expense ratio sits right at the median for the five accelerated-upside funds in its peer group.
  • One of the original Accelerated ETFs, listed April 2021, and it stands near the top of the small group of funds built this way.globenewswire.com

Worth knowing

  • No buffer here. Downside exposure runs roughly one-for-one with QQQ, so a rough year in the Nasdaq-100 shows up in full.innovatoretfs.com
  • The cap is set at the start of each annual period, so buying mid-period means different upside, downside and cap than the headline terms.innovatoretfs.com
  • A small, thinly traded fund, which makes limit orders worth the trouble. Sibling vintages QTJL, QTOC and QTJA run the same design off other reset months.

QTAP Holdings

Asset class
Stocks
Holdings
3
Top-10 weight
144%
Largest holding
Qqq 03/31/2027 5.78 C103.2%

Sectors

  • Technology50.7%
  • Communication15.8%
  • Consumer Discretionary12.5%
  • Consumer Staples8.7%
  • Health Care5.1%
  • Industrials3.3%
  • Utilities1.6%
  • Materials1.3%
  • Energy0.7%
  • Financials0.2%
  • Real Estate0.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataQqq 03/31/2027 5.78 C103.15%297$20.3M1
2No dataQqq 03/31/2027 577.18 C40.19%594$7.91M1
3No dataUs Bank Mmda - Usbgfs 9 09/01/20370.39%76,681$76.7K163

Showing 1–3 of 3 holdings

QTAP Performance

Launched Apr 1, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
QTAP$11,899
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. QTAP $11,899. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QTAP. Periods over one year show the average yearly return.
PeriodQTAP
Year to date+17.2%
1 month−1.2%
3 months+3.2%
1 year+19.0%
3 yearsper year+20.9%
5 yearsper year+12.1%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QTAP
YearReturn barQTAP
2026 YTD+17.2%
2025+19.3%
2024+17.4%
2023+43.3%
2022−25.9%
2021+15.6%

Since listing, Apr 1, 2021

QTAP in the news

QTAP Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

QTAP Risk

Risk pillarA82 out of 100Rank 1 of 8 in Nasdaq-100 Accelerated
How much the fund’s monthly returns vary, scaled to a year.
8.7%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.72
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.4%
Trough Dec 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.55
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QTAP Cost

Compare QTAP and QAU

Overpaying vs QAU, cheapest in Nasdaq-100 Accelerated

$9,025

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QTAP 0.79%

    $15,174

  • QAU 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • QTAP 0.79%
  • QAU 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QTAP $15,174QAU $6,149

Year by year

YearQTAPQAUOverpaying
10$1,405$545$860
20$5,331$2,113$3,218
30$15,174$6,149$9,025

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