IREX vs. XTJL

Last updated Jul 11, 2026

IREX (Tradr 2X Long IREN Daily ETF) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. IREX charges 1.30%/yr vs 0.79%/yr for XTJL.

Performance

IREX vs. XTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long IREN Daily ETF (IREX) 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, IREX achieves a -41.04% return, which is significantly lower than XTJL's 6.36% return.

IREX

• 1D: -3.40%
• 1M: -56.50%
• 6M: -58.77%
• YTD: -41.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XTJL

• 1D: 0.32%
• 1M: 0.95%
• 6M: 5.53%
• YTD: 6.36%
• 1Y: 14.26%
• 3Y*: 14.77%
• 5Y*: 9.70%
• 10Y*: —

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

IREX vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025
IREX Tradr 2X Long IREN Daily ETF	-41.04%	-61.06%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	6.36%	2.51%

Correlation

The correlation between IREX and XTJL is 0.40, 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 Oct 23, 2025	0.40

Return for Risk

IREX vs. XTJL — Risk / Return Rank

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

IREX

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

XTJL

XTJL Risk / Return Rank: 81
XTJL Sharpe Ratio Rank: 76
XTJL Sortino Ratio Rank: 81
XTJL Omega Ratio Rank: 87
XTJL Calmar Ratio Rank: 69
XTJL Martin Ratio Rank: 89

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.

IREX vs. XTJL - Risk-Adjusted Trends Comparison

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

	IREX	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.92	—
Sortino ratio: Return per unit of downside risk	—	2.88	—
Omega ratio: Gain probability vs. loss probability	—	1.43	—
Calmar ratio: Return relative to maximum drawdown	—	2.77	—
Martin ratio: Return relative to average drawdown	—	15.67	—

Drawdowns

IREX vs. XTJL - Drawdown Comparison

The maximum IREX drawdown since its inception was -90.28%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for IREX and XTJL.

Drawdown Indicators

	IREX	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-90.28%	-23.24%	-67.04%
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	-88.36%	0.00%	-88.36%
Average Drawdown Average peak-to-trough decline	-70.90%	-3.96%	-66.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.90%	—

Volatility

Volatility by Period

	IREX	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	213.60%	7.36%	+206.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.60%	15.09%	+198.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.60%	15.07%	+198.53%

IREX vs. XTJL - Expense Ratio Comparison

IREX has a 1.30% expense ratio, which is higher than XTJL's 0.79% expense ratio.

Dividends

IREX vs. XTJL - Dividend Comparison

Neither IREX nor XTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREX and XTJL in my portfolio?

IREX 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, IREX 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, IREX or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 1.30% for IREX.

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

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

What is the main difference between IREX and XTJL?

They also come from different issuers: Tradr ETFs and Innovator. Their fees differ too: 1.30% for IREX and 0.79% for XTJL.