BMNU vs. XTAP
BMNU (T-REX 2X Long BMNR Daily Target ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. BMNU charges 1.50%/yr vs 0.79%/yr for XTAP.
Performance
BMNU vs. XTAP - Performance Comparison
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Returns By Period
In the year-to-date period, BMNU achieves a -73.22% return, which is significantly lower than XTAP's 11.13% return.
BMNU
- 1D
- 10.82%
- 1M
- -43.61%
- YTD
- -73.22%
- 6M
- -86.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- 0.15%
- 1M
- 2.02%
- YTD
- 11.13%
- 6M
- 12.15%
- 1Y
- 21.20%
- 3Y*
- 18.01%
- 5Y*
- 11.02%
- 10Y*
- —
BMNU vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BMNU T-REX 2X Long BMNR Daily Target ETF | -73.22% | -81.57% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 11.13% | 2.82% |
Correlation
The correlation between BMNU and XTAP is 0.53, 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 Sep 29, 2025 | 0.53 |
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Return for Risk
BMNU vs. XTAP — Risk / Return Rank
BMNU
XTAP
BMNU vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long BMNR Daily Target ETF (BMNU) 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
| BMNU | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.55 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.53 | 0.80 | -1.33 |
Drawdowns
BMNU vs. XTAP - Drawdown Comparison
The maximum BMNU drawdown since its inception was -97.05%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for BMNU and XTAP.
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Drawdown Indicators
| BMNU | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.05% | -22.13% | -74.92% |
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 | -96.73% | -0.06% | -96.67% |
Average DrawdownAverage peak-to-trough decline | -79.79% | -3.45% | -76.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.27% | — |
Volatility
BMNU vs. XTAP - Volatility Comparison
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Volatility by Period
| BMNU | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 187.61% | 4.68% | +182.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.61% | 14.54% | +173.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.61% | 14.40% | +173.21% |
BMNU vs. XTAP - Expense Ratio Comparison
BMNU has a 1.50% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Dividends
BMNU vs. XTAP - Dividend Comparison
Neither BMNU nor XTAP has paid dividends to shareholders.
Frequently Asked Questions
BMNU and XTAP have a correlation of 0.53, 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 1.50% for BMNU.
BMNU and XTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: REX and Innovator. Their fees differ too: 1.50% for BMNU and 0.79% for XTAP.
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