TARK vs. XTJL

Last updated Aug 2, 2026

TARK (Tradr 2X Long Innovation ETF) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Over the past 3 years, TARK returned 1.19%/yr vs 13.98%/yr for XTJL. Their 0.70 correlation means they have sometimes moved together and sometimes differently. TARK charges 1.15%/yr vs 0.79%/yr for XTJL.

Performance

TARK vs. XTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Innovation ETF (TARK) 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, TARK achieves a -24.46% return, which is significantly lower than XTJL's 6.32% return.

TARK

• 1D: -4.73%
• 1M: -24.19%
• 6M: -18.59%
• YTD: -24.46%
• 1Y: -18.26%
• 3Y*: 1.19%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -9.86%

XTJL

• 1D: 0.76%
• 1M: 0.96%
• 6M: 5.49%
• YTD: 6.32%
• 1Y: 14.27%
• 3Y*: 13.98%
• 5Y*: 9.55%
• 10Y*: —
• ALL TIME*: 9.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TARK Tradr 2X Long Innovation ETF	$604.81K	$641.97K	$710.94K
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	$26.11K	$26.81K	$267.40K

TARK vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TARK Tradr 2X Long Innovation ETF	-24.46%	41.00%	-4.85%	121.37%	-71.31%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	6.32%	15.42%	14.43%	25.72%	-6.86%

Correlation

The correlation between TARK and XTJL is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (All Time) Calculated using the full available price history since May 2, 2022	0.70

The correlation between TARK and XTJL has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.

Return for Risk

TARK vs. XTJL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TARK

TARK Risk / Return Rank: 7
TARK Sharpe Ratio Rank: 6
TARK Sortino Ratio Rank: 8
TARK Omega Ratio Rank: 8
TARK Calmar Ratio Rank: 5
TARK Martin Ratio Rank: 5

XTJL

XTJL Risk / Return Rank: 79
XTJL Sharpe Ratio Rank: 74
XTJL Sortino Ratio Rank: 77
XTJL Omega Ratio Rank: 84
XTJL Calmar Ratio Rank: 73
XTJL Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TARK vs. XTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) 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.

	TARK	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	1.68	-2.06
Sortino ratio: Return per unit of downside risk	-0.12	2.48	-2.61
Omega ratio: Gain probability vs. loss probability	0.99	1.36	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.49	2.55	-3.04
Martin ratio: Return relative to average drawdown	-0.84	14.07	-14.90

TARK vs. XTJL - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is -0.39, which is lower than the XTJL Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of TARK 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

TARK vs. XTJL - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for TARK and XTJL.

Drawdown Indicators

	TARK	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-23.24%	-54.58%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-5.12%	-52.45%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	-16.70%	-48.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.24%	—
Current Drawdown Current decline from peak	-50.30%	-0.09%	-50.21%
Average Drawdown Average peak-to-trough decline	-50.55%	-3.92%	-46.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.47%	0.93%	+32.54%

Volatility

TARK vs. XTJL - Volatility Comparison

Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 20.33% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 2.90%. This indicates that TARK'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

	TARK	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.33%	2.90%	+17.43%
Volatility (6M) Calculated over the trailing 6-month period	55.18%	6.12%	+49.06%
Volatility (1Y) Calculated over the trailing 1-year period	72.66%	7.79%	+64.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.17%	15.11%	+75.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.17%	15.03%	+75.14%

TARK vs. XTJL - Expense Ratio Comparison

TARK has a 1.15% expense ratio, which is higher than XTJL's 0.79% expense ratio.

Dividends

TARK vs. XTJL - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 39.71%, while XTJL has not paid dividends to shareholders.

Position	TTM	2025	2024
TARK Tradr 2X Long Innovation ETF	39.71%	30.00%	0.59%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TARK and XTJL in my portfolio?

TARK and XTJL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TARK or XTJL?

TARK has higher volatility (20.33%) compared to XTJL (2.90%). In terms of maximum drawdown, TARK dropped -77.82% vs XTJL's -23.24%.

Which ETF is better, TARK or XTJL?

On 3-year performance, XTJL leads with 13.98% vs 1.19% for TARK. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TARK or XTJL?

Over the 3-year period, XTJL has performed better with a 13.98% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 1.15% for TARK.

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

TARK has the higher dividend yield at 39.71%, compared with 0.00% for XTJL.

What is the main difference between TARK and XTJL?

They also come from different issuers: AXS and Innovator. Their fees differ too: 1.15% for TARK and 0.79% for XTJL.

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.68 vs -0.39), 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.