HLXX vs. XTAP
HLXX (Tradr 2X Long HL Daily ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. HLXX is passively managed, while XTAP is actively managed. At a 0.41 correlation, their price movements are largely independent. HLXX charges 1.49%/yr vs 0.79%/yr for XTAP.
Performance
HLXX vs. XTAP - Performance Comparison
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Returns By Period
HLXX
- 1D
- 0.00%
- 1M
- -0.49%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- -0.12%
- 1M
- 1.20%
- 6M
- 11.30%
- YTD
- 11.33%
- 1Y
- 18.08%
- 3Y*
- 16.87%
- 5Y*
- 10.65%
- 10Y*
- —
HLXX vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
HLXX Tradr 2X Long HL Daily ETF | -38.81% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 9.83% |
Correlation
The correlation between HLXX and XTAP is 0.41, 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 Mar 24, 2026 | 0.41 |
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Return for Risk
HLXX vs. XTAP — Risk / Return Rank
HLXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XTAP
HLXX vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long HL Daily ETF (HLXX) 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.
| HLXX | XTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.99 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 10.78 | — |
| Martin ratioReturn relative to average drawdown | — | 56.86 | — |
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Drawdowns
HLXX vs. XTAP - Drawdown Comparison
The maximum HLXX drawdown since its inception was -53.81%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for HLXX and XTAP.
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Drawdown Indicators
| HLXX | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.81% | -22.13% | -31.68% |
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 DrawdownCurrent decline from peak | -53.81% | -0.12% | -53.69% |
Average DrawdownAverage peak-to-trough decline | -23.40% | -3.41% | -19.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
HLXX vs. XTAP - Volatility Comparison
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Volatility by Period
| HLXX | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 121.01% | 4.76% | +116.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.01% | 14.55% | +106.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 121.01% | 14.32% | +106.69% |
HLXX vs. XTAP - Expense Ratio Comparison
HLXX has a 1.49% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Dividends
HLXX vs. XTAP - Dividend Comparison
Neither HLXX nor XTAP has paid dividends to shareholders.
Frequently Asked Questions
HLXX and XTAP have a correlation of 0.41, 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 HLXX.
HLXX 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 HLXX and 0.79% for XTAP.
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