EALT vs. XDQQ

Last updated Jun 4, 2026

EALT (Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both exchange-traded funds - EALT is a Options Trading fund actively managed by Innovator, while XDQQ is a Leveraged Equities fund actively managed by Innovator. Both are actively managed. Over the past year, EALT returned 10.95% vs 17.06% for XDQQ. Their correlation of 0.88 suggests significant overlap in exposure. EALT charges 0.69%/yr vs 0.79%/yr for XDQQ.

Performance

EALT vs. XDQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EALT achieves a 1.05% return, which is significantly lower than XDQQ's 2.58% return.

EALT

• 1D: 0.11%
• 1M: 1.42%
• YTD: 1.05%
• 6M: 0.88%
• 1Y: 10.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDQQ

• 1D: -0.05%
• 1M: 1.36%
• YTD: 2.58%
• 6M: 2.48%
• 1Y: 17.06%
• 3Y*: 17.94%
• 5Y*: 8.32%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EALT vs. XDQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly	1.05%	9.45%	18.02%	6.80%
XDQQ Innovator Growth Accelerated ETF - Quarterly	2.58%	13.75%	31.47%	8.27%

Correlation

The correlation between EALT and XDQQ is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023	0.88

The correlation between EALT and XDQQ has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

EALT vs. XDQQ - Sectors Allocation Comparison

Sectors	EALT	XDQQ
Technology	33.6%	50.7%
Financial Services	12.2%	0.2%
Communication Services	10.5%	15.8%
Consumer Cyclical	10.0%	12.5%
Healthcare	9.5%	5.1%
Industrials	8.5%	3.3%
Consumer Defensive	5.3%	8.7%
Energy	4.0%	0.7%
Utilities	2.6%	1.6%
Real Estate	2.0%	0.1%
Basic Materials	1.9%	1.3%

Return for Risk

EALT vs. XDQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EALT

EALT Risk / Return Rank: 40
EALT Sharpe Ratio Rank: 42
EALT Sortino Ratio Rank: 39
EALT Omega Ratio Rank: 43
EALT Calmar Ratio Rank: 34
EALT Martin Ratio Rank: 40

XDQQ

XDQQ Risk / Return Rank: 35
XDQQ Sharpe Ratio Rank: 34
XDQQ Sortino Ratio Rank: 31
XDQQ Omega Ratio Rank: 39
XDQQ Calmar Ratio Rank: 30
XDQQ Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EALT vs. XDQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). 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.

	EALT	XDQQ	Difference
Sharpe ratio Return per unit of total volatility	1.48	1.24	+0.24
Sortino ratio Return per unit of downside risk	2.03	1.70	+0.32
Omega ratio Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio Return relative to maximum drawdown	1.65	1.45	+0.21
Martin ratio Return relative to average drawdown	6.25	6.57	-0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EALT vs. XDQQ - Sharpe Ratio Comparison

The current EALT Sharpe Ratio is 1.48, which is comparable to the XDQQ Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of EALT and XDQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EALT	XDQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.24	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.46	+0.86

Drawdowns

EALT vs. XDQQ - Drawdown Comparison

The maximum EALT drawdown since its inception was -14.76%, smaller than the maximum XDQQ drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for EALT and XDQQ.

Drawdown Indicators

	EALT	XDQQ	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-35.63%	+20.87%
Max Drawdown (1Y) Largest decline over 1 year	-6.66%	-11.84%	+5.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.63%	—
Current Drawdown Current decline from peak	-0.70%	-0.05%	-0.65%
Average Drawdown Average peak-to-trough decline	-1.64%	-10.84%	+9.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	2.60%	-0.84%

Volatility

EALT vs. XDQQ - Volatility Comparison

Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) has a higher volatility of 0.46% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.40%. This indicates that EALT's price experiences larger fluctuations and is considered to be riskier than XDQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EALT	XDQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.40%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	5.51%	11.13%	-5.62%
Volatility (1Y) Calculated over the trailing 1-year period	7.45%	13.81%	-6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.07%	19.81%	-9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.07%	19.66%	-9.59%

EALT vs. XDQQ - Expense Ratio Comparison

EALT has a 0.69% expense ratio, which is lower than XDQQ's 0.79% expense ratio.

Dividends

EALT vs. XDQQ - Dividend Comparison

Neither EALT nor XDQQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EALT and XDQQ in my portfolio?

EALT and XDQQ have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EALT or XDQQ?

EALT has higher volatility (0.46%) compared to XDQQ (0.40%). In terms of maximum drawdown, EALT dropped -14.76% vs XDQQ's -35.63%.

Which ETF is better, EALT or XDQQ?

On 1-year performance, XDQQ leads with 17.06% vs 10.95% for EALT. On fees, EALT is cheaper at 0.69% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EALT or XDQQ?

Over the 1-year period, XDQQ has performed better with a 17.06% return vs 10.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EALT or XDQQ?

EALT is cheaper with a 0.69% expense ratio, compared with 0.79% for XDQQ.

Which ETF pays a higher dividend yield, EALT or XDQQ?

EALT and XDQQ have nearly identical dividend yields, around 0.00%.

What is the main difference between EALT and XDQQ?

EALT is categorized as Options Trading, while XDQQ is Leveraged Equities. Their fees differ too: 0.69% for EALT and 0.79% for XDQQ.

Which has better risk-adjusted returns?

EALT currently has the higher Sharpe Ratio (1.48 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.