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QTAP vs QTJA

Innovator Growth Accelerated Plus ETF

QTAPBCboe

Innovator Growth Accelerated Plus ETF

QTJACCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

QTAP0.79%QTJA0.79%

Avg volume · 30D

QTJA 5.2×the volume

QTAP1.85KQTJA9.56K

3Y return · a year

QTAP +3.4pt

QTAP+20.9%QTJA+17.5%

QTAP vs QTJA Performance

Oct 31, 2025 – Oct 30, 2026

+19.0%QTAP+15.6%QTJA

Oct 31, 2025 to Oct 30, 2026. QTAP +19.0%. QTJA +15.6%. Use the arrow keys to read each point.−5%0%5%10%Oct 2025Apr 2026Oct 2026
Expense ratio
QTAP 0.79%
QTJA 0.79%
Fund size
QTAP $20M
QTJA $26M
1Y total return
QTAP +19.0%, better
QTJA +15.6%
Holdings
QTAP 3
QTJA 3
Avg volume (30D)
QTAP 1.85K sh
QTJA 9.56K sh, better
NAV per share
QTAP $52.47
QTJA $33.83
52W range

ETF.net Grade

QTAP: Cost 46, Risk 82, Mission not scored, Tradability 53, Holdings not scored, Durability 71. QTJA: Cost 46, Risk 53, Mission not scored, Tradability 56, Holdings not scored, Durability 60.
Pillar letters and Scores for QTAP, QTJA, with each pillar’s weight
PillarQTAPQTJA
Cost30% weightC46C46
Mission25% weightNot scoredNot scored
Risk15% weightA82HigherC53
Tradability15% weightC53B56Higher
Holdings10% weightNot scoredNot scored
Durability5% weightA71HigherB60

Rank among Nasdaq-100 Accelerated funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QTAP and QTJA are both graded against the same 8 Nasdaq-100 Accelerated funds, so their Grades compare head to head.

Nasdaq-100 Accelerated⁠

Category · 8 funds
See all 8 ›

QTAP ranks 2nd and QTJA 3rd of 8 funds in the Nasdaq-100 Accelerated Category.

  1. Rank 1BQBQVAllianzIM Growth-100 Buffer5 ETFScore 69
  2. Rank 2BQTAPInnovator Growth Accelerated Plus ETFScore 58
  3. Rank 3CQTJAInnovator Growth Accelerated Plus ETFScore 51
  4. Rank 4CQTOCInnovator Growth Accelerated Plus ETF - OctoberScore 50

Our read on each fund

ETF.net Research

QTAPBInnovator Growth Accelerated Plus ETF

QTJACInnovator Growth Accelerated Plus ETF

In short

QTAP Triple 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.

QTJA Triple the upside of the Invesco QQQ Trust up to a cap, with losses passed through roughly one-for-one, measured over a one-year period that resets each January. Innovator runs the same playbook on four start months; this one holds the January seat.

Stated mandate

QTAP 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.

QTJA The Fund seeks triple the upside return of QQQ, subject to a cap, while approximately matching QQQ's losses over the annual outcome period.

Why people hold it

  • QTAP 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
  • QTJA Leans into risk instead of away from it: aims for 3x the reference fund's upside to a cap over the annual period, with the trade-off spelled out in the objective.innovatoretfs.com
  • 0.79% expense ratio, dead on the median for Innovator's accelerated lineup, so choosing the January start costs no more than the other months.
  • The same structure runs on four start months (QTJA, QTAP, QTJL, QTOC), so entry points can be staggered rather than hinging on one January cap.

Worth knowing

  • QTAP 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.
  • QTJA No buffer. Losses approximately match the reference fund's, so the acceleration only works in one direction.
  • The tripled-upside-and-cap math is measured over the full annual outcome period; coming in mid-period means different exposure than a fresh start.
  • Small and thinly traded, which tends to mean wider bid-ask spreads than mainstream index funds.

Full QTAP profile⁠

Full QTJA profile⁠

QTAP vs QTJA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QTAP vs QTJA Cost

Same expense ratio

$15,174

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

  • QTAP 0.79%

    $15,174

  • QTJA 0.79%

    $15,174

$10,000
30 years

Cost over time

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

Year by year

YearQTAPQTJA
10$1,405$1,405
20$5,331$5,331
30$15,174$15,174

Expense ratio

  • 0.79%QTAP
  • 0.79%QTJA
  • Middle half of Nasdaq-100 Accelerated funds
  • Median 0.79%

QTAP 3rd cheapest of 8 funds

QTJA 3rd cheapest of 8 funds

QTAP vs QTJA Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
QTAP None
QTJA None

Distribution history

QTAPAll QTAP payments⁠

No distribution history available.

QTJAAll QTJA payments⁠

No distribution history available.

QTAP vs QTJA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QTAP 8.7%, betterQTJA 11.1%
Return per unit of riskSharpe ratio, 3 years
QTAP 1.72, betterQTJA 1.12
Worst fallMax drawdown, 5 years
QTAP −29.4%QTJA −35.4%since Jan 2022
Market sensitivityBeta, 5 years
QTAP 0.55QTJA 0.66

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