GEVX vs. XTAP

Last updated Jun 24, 2026

GEVX (Tradr 2X Long GEV Daily ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. GEVX charges 1.30%/yr vs 0.79%/yr for XTAP.

Performance

GEVX vs. XTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long GEV Daily ETF (GEVX) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEVX achieves a 116.94% return, which is significantly higher than XTAP's 10.29% return.

GEVX

• 1D: -16.60%
• 1M: -4.54%
• YTD: 116.94%
• 6M: 110.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XTAP

• 1D: -0.56%
• 1M: -0.17%
• YTD: 10.29%
• 6M: 10.43%
• 1Y: 19.37%
• 3Y*: 17.09%
• 5Y*: 10.65%
• 10Y*: —

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

GEVX vs. XTAP - Yearly Performance Comparison

	2026 (YTD)	2025
GEVX Tradr 2X Long GEV Daily ETF	116.94%	23.96%
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.29%	5.71%

Correlation

The correlation between GEVX and XTAP is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.42

Return for Risk

GEVX vs. XTAP — Risk / Return Rank

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

GEVX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 96
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

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.

GEVX vs. XTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long GEV Daily ETF (GEVX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GEVX	XTAP	Difference
Sharpe ratio: Return per unit of total volatility	—	4.06	—
Sortino ratio: Return per unit of downside risk	—	6.76	—
Omega ratio: Gain probability vs. loss probability	—	2.05	—
Calmar ratio: Return relative to maximum drawdown	—	11.34	—
Martin ratio: Return relative to average drawdown	—	62.48	—

Drawdowns

GEVX vs. XTAP - Drawdown Comparison

The maximum GEVX drawdown since its inception was -45.03%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for GEVX and XTAP.

Drawdown Indicators

	GEVX	XTAP	Difference
Max Drawdown Largest peak-to-trough decline	-45.03%	-22.13%	-22.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.13%	—
Current Drawdown Current decline from peak	-23.58%	-0.91%	-22.67%
Average Drawdown Average peak-to-trough decline	-15.07%	-3.42%	-11.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.31%	—

Volatility

Volatility by Period

	GEVX	XTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	102.73%	4.83%	+97.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	102.73%	14.55%	+88.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.73%	14.36%	+88.37%

GEVX vs. XTAP - Expense Ratio Comparison

GEVX has a 1.30% expense ratio, which is higher than XTAP's 0.79% expense ratio.

Dividends

GEVX vs. XTAP - Dividend Comparison

Neither GEVX nor XTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GEVX and XTAP in my portfolio?

GEVX and XTAP have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GEVX or XTAP?

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.

Which ETF is cheaper, GEVX or XTAP?

XTAP is cheaper with a 0.79% expense ratio, compared with 1.30% for GEVX.

Which ETF pays a higher dividend yield, GEVX or XTAP?

GEVX and XTAP have nearly identical dividend yields, around 0.00%.

What is the main difference between GEVX and XTAP?

They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.30% for GEVX and 0.79% for XTAP.