MSTQ vs. XDOC

Last updated Jun 4, 2026

MSTQ (LHA Market State Tactical Q ETF) and XDOC (Innovator U.S. Equity Accelerated ETF - October) are both Options Trading funds. Both are actively managed. MSTQ charges 1.59%/yr vs 0.79%/yr for XDOC.

Performance

MSTQ vs. XDOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Market State Tactical Q ETF (MSTQ) and Innovator U.S. Equity Accelerated ETF - October (XDOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSTQ

• 1D: -0.21%
• 1M: 9.02%
• YTD: 17.40%
• 6M: 15.69%
• 1Y: 31.81%
• 3Y*: 24.11%
• 5Y*: —
• 10Y*: —

XDOC

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTQ vs. XDOC - Yearly Performance Comparison

	2026 (YTD)
MSTQ LHA Market State Tactical Q ETF	18.81%
XDOC Innovator U.S. Equity Accelerated ETF - October	0.00%

MSTQ vs. XDOC - Sectors Allocation Comparison

Sectors	MSTQ	XDOC
Technology	54.0%	35.4%
Communication Services	15.6%	10.6%
Consumer Cyclical	12.2%	10.7%
Consumer Defensive	7.6%	4.9%
Healthcare	4.2%	8.7%
Industrials	2.9%	7.5%
Utilities	1.4%	2.4%
Basic Materials	1.1%	1.6%
Energy	0.6%	3.0%
Financial Services	0.2%	13.3%
Real Estate	0.1%	1.9%

Return for Risk

MSTQ vs. XDOC — Risk / Return Rank

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

MSTQ

MSTQ Risk / Return Rank: 59
MSTQ Sharpe Ratio Rank: 68
MSTQ Sortino Ratio Rank: 64
MSTQ Omega Ratio Rank: 64
MSTQ Calmar Ratio Rank: 52
MSTQ Martin Ratio Rank: 48

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.

MSTQ vs. XDOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Market State Tactical Q ETF (MSTQ) and Innovator U.S. Equity Accelerated ETF - October (XDOC). 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.

	MSTQ	XDOC	Difference
Sharpe ratio: Return per unit of total volatility	2.23	—	—
Sortino ratio: Return per unit of downside risk	2.97	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	8.04	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MSTQ	XDOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	—	—

Drawdowns

MSTQ vs. XDOC - Drawdown Comparison

The maximum MSTQ drawdown since its inception was -31.05%, which is greater than XDOC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MSTQ and XDOC.

Drawdown Indicators

	MSTQ	XDOC	Difference
Max Drawdown Largest peak-to-trough decline	-31.05%	0.00%	-31.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.39%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.22%	—	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-8.62%	0.00%	-8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	—	—

Volatility

Volatility by Period

	MSTQ	XDOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.35%	0.00%	+14.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.85%	0.00%	+18.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	0.00%	+18.85%

MSTQ vs. XDOC - Expense Ratio Comparison

MSTQ has a 1.59% expense ratio, which is higher than XDOC's 0.79% expense ratio.

Dividends

MSTQ vs. XDOC - Dividend Comparison

MSTQ's dividend yield for the trailing twelve months is around 11.90%, while XDOC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
MSTQ LHA Market State Tactical Q ETF	11.90%	13.97%	3.72%	0.77%
XDOC Innovator U.S. Equity Accelerated ETF - October	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, MSTQ or XDOC?

On fees, XDOC 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, MSTQ or XDOC?

XDOC is cheaper with a 0.79% expense ratio, compared with 1.59% for MSTQ.

Which ETF pays a higher dividend yield, MSTQ or XDOC?

MSTQ has the higher dividend yield at 11.90%, compared with 0.00% for XDOC.

What is the main difference between MSTQ and XDOC?

They also come from different issuers: Little Harbor Advisors and Innovator. Their fees differ too: 1.59% for MSTQ and 0.79% for XDOC.