KLAG vs. XTAP
KLAG (Leverage Shares 2X Long KLAC Daily ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. KLAG is passively managed, while XTAP is actively managed. At a 0.47 correlation, their price movements are largely independent. KLAG charges 0.75%/yr vs 0.79%/yr for XTAP.
Performance
KLAG vs. XTAP - Performance Comparison
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Returns By Period
In the year-to-date period, KLAG achieves a 156.16% return, which is significantly higher than XTAP's 11.13% return.
KLAG
- 1D
- 0.41%
- 1M
- 47.07%
- YTD
- 156.16%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- 0.15%
- 1M
- 2.02%
- YTD
- 11.13%
- 6M
- 12.15%
- 1Y
- 21.20%
- 3Y*
- 18.01%
- 5Y*
- 11.02%
- 10Y*
- —
KLAG vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KLAG Leverage Shares 2X Long KLAC Daily ETF | 156.16% | -1.92% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 11.13% | 0.63% |
Correlation
The correlation between KLAG and XTAP is 0.47, 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 Dec 19, 2025 | 0.47 |
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Return for Risk
KLAG vs. XTAP — Risk / Return Rank
KLAG
XTAP
KLAG vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long KLAC Daily ETF (KLAG) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| KLAG | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.55 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.15 | 0.80 | +5.35 |
Drawdowns
KLAG vs. XTAP - Drawdown Comparison
The maximum KLAG drawdown since its inception was -42.37%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for KLAG and XTAP.
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Drawdown Indicators
| KLAG | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -22.13% | -20.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.42% | — |
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 | 0.00% | -0.06% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -15.46% | -3.45% | -12.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.27% | — |
Volatility
KLAG vs. XTAP - Volatility Comparison
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Volatility by Period
| KLAG | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 108.73% | 4.68% | +104.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.73% | 14.54% | +94.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.73% | 14.40% | +94.33% |
KLAG vs. XTAP - Expense Ratio Comparison
KLAG has a 0.75% expense ratio, which is lower than XTAP's 0.79% expense ratio.
Dividends
KLAG vs. XTAP - Dividend Comparison
Neither KLAG nor XTAP has paid dividends to shareholders.
Frequently Asked Questions
KLAG and XTAP have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KLAG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KLAG is cheaper with a 0.75% expense ratio, compared with 0.79% for XTAP.
KLAG and XTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for KLAG and 0.79% for XTAP.
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