PBRG vs. XTAP
PBRG (Leverage Shares 2X Long PBR Daily ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. PBRG is passively managed, while XTAP is actively managed. At a correlation of -0.14, they often move in opposite directions. PBRG charges 0.75%/yr vs 0.79%/yr for XTAP.
Performance
PBRG vs. XTAP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PBRG achieves a 110.89% return, which is significantly higher than XTAP's 10.01% return.
PBRG
- 1D
- -3.51%
- 1M
- -27.22%
- YTD
- 110.89%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- -1.00%
- 1M
- 0.39%
- YTD
- 10.01%
- 6M
- 10.95%
- 1Y
- 20.23%
- 3Y*
- 17.49%
- 5Y*
- 10.80%
- 10Y*
- —
PBRG vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBRG Leverage Shares 2X Long PBR Daily ETF | 110.89% | 7.59% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 10.01% | 0.63% |
Correlation
The correlation between PBRG and XTAP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025 | -0.14 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PBRG vs. XTAP — Risk / Return Rank
PBRG
XTAP
PBRG vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) 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.
Loading charts...
Sharpe Ratios by Period
| PBRG | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.23 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.14 | 0.79 | +6.35 |
Drawdowns
PBRG vs. XTAP - Drawdown Comparison
The maximum PBRG drawdown since its inception was -34.71%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for PBRG and XTAP.
Loading charts...
Drawdown Indicators
| PBRG | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.71% | -22.13% | -12.58% |
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 | -34.71% | -1.06% | -33.65% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -3.45% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.28% | — |
Volatility
PBRG vs. XTAP - Volatility Comparison
Loading charts...
Volatility by Period
| PBRG | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 70.61% | 4.81% | +65.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.61% | 14.54% | +56.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.61% | 14.40% | +56.21% |
PBRG vs. XTAP - Expense Ratio Comparison
PBRG has a 0.75% expense ratio, which is lower than XTAP's 0.79% expense ratio.
Dividends
PBRG vs. XTAP - Dividend Comparison
Neither PBRG nor XTAP has paid dividends to shareholders.
Frequently Asked Questions
PBRG and XTAP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBRG is cheaper with a 0.75% expense ratio, compared with 0.79% for XTAP.
PBRG 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 PBRG and 0.79% for XTAP.
Find the right allocation for PBRG and XTAP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer