BABU vs. XTAP
BABU (Direxion Daily BABA Bull 2X ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. BABU is passively managed, while XTAP is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. BABU charges 0.97%/yr vs 0.79%/yr for XTAP.
Performance
BABU vs. XTAP - Performance Comparison
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Returns By Period
BABU
- 1D
- -5.41%
- 1M
- -11.25%
- 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*
- —
BABU vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BABU Direxion Daily BABA Bull 2X ETF | -44.84% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 10.09% |
Correlation
The correlation between BABU and XTAP is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 12, 2026 | 0.51 |
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Return for Risk
BABU vs. XTAP — Risk / Return Rank
BABU
XTAP
BABU vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BABA Bull 2X ETF (BABU) 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
| BABU | 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 | -1.05 | 0.80 | -1.85 |
Drawdowns
BABU vs. XTAP - Drawdown Comparison
The maximum BABU drawdown since its inception was -49.17%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for BABU and XTAP.
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Drawdown Indicators
| BABU | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.17% | -22.13% | -27.04% |
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 | -44.84% | -0.21% | -44.63% |
Average DrawdownAverage peak-to-trough decline | -35.05% | -3.45% | -31.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.27% | — |
Volatility
BABU vs. XTAP - Volatility Comparison
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Volatility by Period
| BABU | 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 | 82.22% | 4.70% | +77.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.22% | 14.54% | +67.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.22% | 14.41% | +67.81% |
BABU vs. XTAP - Expense Ratio Comparison
BABU has a 0.97% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Dividends
BABU vs. XTAP - Dividend Comparison
BABU's dividend yield for the trailing twelve months is around 0.36%, while XTAP has not paid dividends to shareholders.
| Position | TTM |
|---|---|
BABU Direxion Daily BABA Bull 2X ETF | 0.36% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% |
Frequently Asked Questions
BABU and XTAP have a correlation of 0.51, 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 0.97% for BABU.
BABU has the higher dividend yield at 0.36%, compared with 0.00% for XTAP.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 0.97% for BABU and 0.79% for XTAP.
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