IRE vs. XTJL

Last updated Aug 2, 2026

IRE (Defiance Daily Target 2X Long IREN ETF) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Their 0.40 correlation means their historical movements had little consistent relationship. IRE charges 1.31%/yr vs 0.79%/yr for XTJL.

Performance

IRE vs. XTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long IREN ETF (IRE) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRE achieves a -63.30% return, which is significantly lower than XTJL's 6.32% return.

IRE

• 1D: -7.43%
• 1M: -26.85%
• 6M: -79.34%
• YTD: -63.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XTJL

• 1D: 0.76%
• 1M: 0.96%
• 6M: 5.49%
• YTD: 6.32%
• 1Y: 14.27%
• 3Y*: 13.98%
• 5Y*: 9.55%
• 10Y*: —
• ALL TIME*: 9.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IRE Defiance Daily Target 2X Long IREN ETF	$104.51M	$97.02M	$161.63M
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	$26.11K	$26.81K	$267.40K

IRE vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025
IRE Defiance Daily Target 2X Long IREN ETF	-63.30%	-67.36%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	6.32%	2.19%

Correlation

The correlation between IRE and XTJL is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025	0.40

Return for Risk

IRE vs. XTJL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IRE

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

XTJL

XTJL Risk / Return Rank: 79
XTJL Sharpe Ratio Rank: 74
XTJL Sortino Ratio Rank: 77
XTJL Omega Ratio Rank: 84
XTJL Calmar Ratio Rank: 73
XTJL Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IRE vs. XTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IREN ETF (IRE) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). 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.

	IRE	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.68	—
Sortino ratio: Return per unit of downside risk	—	2.48	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	2.55	—
Martin ratio: Return relative to average drawdown	—	14.07	—

Drawdowns

IRE vs. XTJL - Drawdown Comparison

The maximum IRE drawdown since its inception was -95.22%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for IRE and XTJL.

Drawdown Indicators

	IRE	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-95.22%	-23.24%	-71.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.24%	—
Current Drawdown Current decline from peak	-92.93%	-0.09%	-92.84%
Average Drawdown Average peak-to-trough decline	-72.92%	-3.92%	-69.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	IRE	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	226.19%	7.79%	+218.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	226.19%	15.11%	+211.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	226.19%	15.03%	+211.16%

IRE vs. XTJL - Expense Ratio Comparison

IRE has a 1.31% expense ratio, which is higher than XTJL's 0.79% expense ratio.

Dividends

IRE vs. XTJL - Dividend Comparison

Neither IRE nor XTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IRE and XTJL in my portfolio?

IRE and XTJL have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IRE or XTJL?

On fees, XTJL 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, IRE or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 1.31% for IRE.

Which ETF pays a higher dividend yield, IRE or XTJL?

IRE and XTJL have nearly identical dividend yields, around 0.00%.

What is the main difference between IRE and XTJL?

They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for IRE and 0.79% for XTJL.