SNOU vs. XTJL

Last updated Jul 17, 2026

SNOU (T-Rex 2X Long SNOW Daily Target ETF) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Over the past year, SNOU returned -1.21% vs 13.86% for XTJL. At a 0.32 correlation, their price movements are largely independent. SNOU charges 1.50%/yr vs 0.79%/yr for XTJL.

Performance

SNOU vs. XTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long SNOW Daily Target ETF (SNOU) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNOU achieves a 8.92% return, which is significantly higher than XTJL's 5.97% return.

SNOU

• 1D: -2.33%
• 1M: 24.47%
• 6M: 22.78%
• YTD: 8.92%
• 1Y: -1.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XTJL

• 1D: -0.42%
• 1M: 0.38%
• 6M: 5.24%
• YTD: 5.97%
• 1Y: 13.86%
• 3Y*: 14.08%
• 5Y*: 9.83%
• 10Y*: —

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

SNOU vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025
SNOU T-Rex 2X Long SNOW Daily Target ETF	8.92%	63.07%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.97%	22.87%

Correlation

The correlation between SNOU and XTJL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025	0.32

Return for Risk

SNOU vs. XTJL — Risk / Return Rank

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

SNOU

SNOU Risk / Return Rank: 15
SNOU Sharpe Ratio Rank: 10
SNOU Sortino Ratio Rank: 22
SNOU Omega Ratio Rank: 22
SNOU Calmar Ratio Rank: 10
SNOU Martin Ratio Rank: 9

XTJL

XTJL Risk / Return Rank: 79
XTJL Sharpe Ratio Rank: 74
XTJL Sortino Ratio Rank: 79
XTJL Omega Ratio Rank: 86
XTJL Calmar Ratio Rank: 68
XTJL Martin Ratio Rank: 89

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.

SNOU vs. XTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long SNOW Daily Target ETF (SNOU) 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.

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.

	SNOU	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	1.88	-1.89
Sortino ratio: Return per unit of downside risk	1.03	2.81	-1.78
Omega ratio: Gain probability vs. loss probability	1.13	1.41	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.01	2.72	-2.74
Martin ratio: Return relative to average drawdown	-0.03	15.38	-15.41

SNOU vs. XTJL - Sharpe Ratio Comparison

The current SNOU Sharpe Ratio is -0.01, which is lower than the XTJL Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of SNOU and XTJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SNOU vs. XTJL - Drawdown Comparison

The maximum SNOU drawdown since its inception was -84.17%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for SNOU and XTJL.

Drawdown Indicators

	SNOU	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-84.17%	-23.24%	-60.93%
Max Drawdown (1Y) Largest decline over 1 year	-84.17%	-5.12%	-79.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.24%	—
Current Drawdown Current decline from peak	-35.80%	-0.42%	-35.38%
Average Drawdown Average peak-to-trough decline	-33.47%	-3.95%	-29.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.47%	0.90%	+46.57%

Volatility

SNOU vs. XTJL - Volatility Comparison

T-Rex 2X Long SNOW Daily Target ETF (SNOU) has a higher volatility of 23.67% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 1.39%. This indicates that SNOU's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNOU	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.67%	1.39%	+22.28%
Volatility (6M) Calculated over the trailing 6-month period	103.74%	5.73%	+98.01%
Volatility (1Y) Calculated over the trailing 1-year period	133.40%	7.40%	+126.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	125.47%	15.10%	+110.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	125.47%	15.05%	+110.42%

SNOU vs. XTJL - Expense Ratio Comparison

SNOU has a 1.50% expense ratio, which is higher than XTJL's 0.79% expense ratio.

Dividends

SNOU vs. XTJL - Dividend Comparison

SNOU's dividend yield for the trailing twelve months is around 5.48%, while XTJL has not paid dividends to shareholders.

Position	TTM	2025
SNOU T-Rex 2X Long SNOW Daily Target ETF	5.48%	5.97%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	0.00%	0.00%

Frequently Asked Questions

Can I hold both SNOU and XTJL in my portfolio?

SNOU and XTJL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNOU or XTJL?

SNOU has higher volatility (23.67%) compared to XTJL (1.39%). In terms of maximum drawdown, SNOU dropped -84.17% vs XTJL's -23.24%.

Which ETF is better, SNOU or XTJL?

On 1-year performance, XTJL leads with 13.86% vs -1.21% for SNOU. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 1.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNOU or XTJL?

Over the 1-year period, XTJL has performed better with a 13.86% return vs -1.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNOU or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 1.50% for SNOU.

Which ETF pays a higher dividend yield, SNOU or XTJL?

SNOU has the higher dividend yield at 5.48%, compared with 0.00% for XTJL.

What is the main difference between SNOU and XTJL?

They also come from different issuers: T-Rex and Innovator. Their fees differ too: 1.50% for SNOU and 0.79% for XTJL.

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.88 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.