NBIG vs. XTAP

Last updated Jul 14, 2026

NBIG (Leverage Shares 2X Long NBIS Daily ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. NBIG charges 0.75%/yr vs 0.79%/yr for XTAP.

Performance

NBIG vs. XTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NBIS Daily ETF (NBIG) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBIG achieves a 232.78% return, which is significantly higher than XTAP's 11.77% return.

NBIG

• 1D: -8.14%
• 1M: -26.86%
• 6M: 108.06%
• YTD: 232.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XTAP

• 1D: -0.27%
• 1M: 1.21%
• 6M: 11.36%
• YTD: 11.77%
• 1Y: 18.46%
• 3Y*: 16.75%
• 5Y*: 10.72%
• 10Y*: —

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

NBIG vs. XTAP - Yearly Performance Comparison

	2026 (YTD)	2025
NBIG Leverage Shares 2X Long NBIS Daily ETF	232.78%	-59.80%
XTAP Innovator U.S. Equity Accelerated Plus ETF	11.77%	1.91%

Correlation

The correlation between NBIG and XTAP is 0.35, 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 27, 2025	0.35

Return for Risk

NBIG vs. XTAP — Risk / Return Rank

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

NBIG

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

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 97
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

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.

NBIG vs. XTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NBIS Daily ETF (NBIG) 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.

	NBIG	XTAP	Difference
Sharpe ratio: Return per unit of total volatility	—	3.90	—
Sortino ratio: Return per unit of downside risk	—	6.49	—
Omega ratio: Gain probability vs. loss probability	—	2.00	—
Calmar ratio: Return relative to maximum drawdown	—	10.80	—
Martin ratio: Return relative to average drawdown	—	57.33	—

Drawdowns

NBIG vs. XTAP - Drawdown Comparison

The maximum NBIG drawdown since its inception was -75.83%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for NBIG and XTAP.

Drawdown Indicators

	NBIG	XTAP	Difference
Max Drawdown Largest peak-to-trough decline	-75.83%	-22.13%	-53.70%
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 Drawdown Current decline from peak	-50.93%	-0.27%	-50.66%
Average Drawdown Average peak-to-trough decline	-40.44%	-3.39%	-37.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.32%	—

Volatility

Volatility by Period

	NBIG	XTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	202.64%	4.77%	+197.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	202.64%	14.55%	+188.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	202.64%	14.29%	+188.35%

NBIG vs. XTAP - Expense Ratio Comparison

NBIG has a 0.75% expense ratio, which is lower than XTAP's 0.79% expense ratio.

Dividends

NBIG vs. XTAP - Dividend Comparison

Neither NBIG nor XTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NBIG and XTAP in my portfolio?

NBIG and XTAP have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIG or XTAP?

On fees, NBIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIG or XTAP?

NBIG is cheaper with a 0.75% expense ratio, compared with 0.79% for XTAP.

Which ETF pays a higher dividend yield, NBIG or XTAP?

NBIG and XTAP have nearly identical dividend yields, around 0.00%.

What is the main difference between NBIG and XTAP?

They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for NBIG and 0.79% for XTAP.