ONDL vs. XTJL
ONDL (Defiance Daily Target 2X Long ONDS ETF) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. ONDL is passively managed, while XTJL is actively managed. At a 0.31 correlation, their price movements are largely independent. ONDL charges 1.31%/yr vs 0.79%/yr for XTJL.
Performance
ONDL vs. XTJL - Performance Comparison
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Returns By Period
In the year-to-date period, ONDL achieves a -27.60% return, which is significantly lower than XTJL's 5.36% return.
ONDL
- 1D
- -29.16%
- 1M
- 17.93%
- YTD
- -27.60%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTJL
- 1D
- 0.00%
- 1M
- 1.16%
- YTD
- 5.36%
- 6M
- 6.38%
- 1Y
- 15.64%
- 3Y*
- 14.68%
- 5Y*
- —
- 10Y*
- —
ONDL vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ONDL Defiance Daily Target 2X Long ONDS ETF | -27.60% | 17.43% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 5.36% | -0.35% |
Correlation
The correlation between ONDL and XTJL is 0.31, 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 31, 2025 | 0.31 |
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Return for Risk
ONDL vs. XTJL — Risk / Return Rank
ONDL
XTJL
ONDL vs. XTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ONDS ETF (ONDL) 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.
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
| ONDL | XTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.65 | -0.79 |
Drawdowns
ONDL vs. XTJL - Drawdown Comparison
The maximum ONDL drawdown since its inception was -75.71%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for ONDL and XTJL.
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Drawdown Indicators
| ONDL | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.71% | -23.24% | -52.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.12% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.70% | — |
Current DrawdownCurrent decline from peak | -62.62% | 0.00% | -62.62% |
Average DrawdownAverage peak-to-trough decline | -53.08% | -4.04% | -49.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.90% | — |
Volatility
ONDL vs. XTJL - Volatility Comparison
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Volatility by Period
| ONDL | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 219.48% | 7.43% | +212.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 219.48% | 15.22% | +204.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 219.48% | 15.22% | +204.26% |
ONDL vs. XTJL - Expense Ratio Comparison
ONDL has a 1.31% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Dividends
ONDL vs. XTJL - Dividend Comparison
Neither ONDL nor XTJL has paid dividends to shareholders.
Frequently Asked Questions
ONDL and XTJL have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XTJL is cheaper with a 0.79% expense ratio, compared with 1.31% for ONDL.
ONDL and XTJL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for ONDL and 0.79% for XTJL.
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