AXTX vs. XTAP
AXTX (Tradr 2X Long AXTI Daily ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. AXTX is passively managed, while XTAP is actively managed. At a correlation of -0.12, they often move in opposite directions. AXTX charges 1.49%/yr vs 0.79%/yr for XTAP.
Performance
AXTX vs. XTAP - Performance Comparison
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Returns By Period
AXTX
- 1D
- -6.87%
- 1M
- -13.86%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- -0.21%
- 1M
- 2.32%
- YTD
- 10.96%
- 6M
- 12.10%
- 1Y
- 21.00%
- 3Y*
- 17.90%
- 5Y*
- 10.99%
- 10Y*
- —
AXTX vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AXTX Tradr 2X Long AXTI Daily ETF | 56.16% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 2.56% |
Correlation
The correlation between AXTX and XTAP is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 27, 2026 | -0.12 |
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Return for Risk
AXTX vs. XTAP — Risk / Return Rank
AXTX
XTAP
AXTX vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AXTI Daily ETF (AXTX) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AXTX | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.50 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 22.99 | 0.80 | +22.18 |
Drawdowns
AXTX vs. XTAP - Drawdown Comparison
The maximum AXTX drawdown since its inception was -48.49%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for AXTX and XTAP.
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Drawdown Indicators
| AXTX | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.49% | -22.13% | -26.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.13% | — |
Current DrawdownCurrent decline from peak | -45.02% | -0.21% | -44.81% |
Average DrawdownAverage peak-to-trough decline | -16.32% | -3.45% | -12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.27% | — |
Volatility
AXTX vs. XTAP - Volatility Comparison
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Volatility by Period
| AXTX | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 279.67% | 4.70% | +274.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 279.67% | 14.54% | +265.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 279.67% | 14.41% | +265.26% |
AXTX vs. XTAP - Expense Ratio Comparison
AXTX has a 1.49% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Dividends
AXTX vs. XTAP - Dividend Comparison
Neither AXTX nor XTAP has paid dividends to shareholders.
Frequently Asked Questions
AXTX and XTAP have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTAP is cheaper with a 0.79% expense ratio, compared with 1.49% for AXTX.
AXTX and XTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.49% for AXTX and 0.79% for XTAP.
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