TDAX vs. XTAP
TDAX (TDAQ Lift ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. TDAX charges 0.98%/yr vs 0.79%/yr for XTAP.
Performance
TDAX vs. XTAP - Performance Comparison
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Returns By Period
TDAX
- 1D
- -0.07%
- 1M
- 13.80%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- -0.21%
- 1M
- 2.32%
- YTD
- 10.96%
- 6M
- 12.10%
- 1Y
- 21.00%
- 3Y*
- 17.90%
- 5Y*
- 10.99%
- 10Y*
- —
TDAX vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TDAX TDAQ Lift ETF | 21.51% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 10.76% |
Correlation
The correlation between TDAX and XTAP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026 | 0.82 |
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Return for Risk
TDAX vs. XTAP — Risk / Return Rank
TDAX
XTAP
TDAX vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TDAQ Lift ETF (TDAX) 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.
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Sharpe Ratios by Period
| TDAX | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.50 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.65 | 0.80 | +1.85 |
Drawdowns
TDAX vs. XTAP - Drawdown Comparison
The maximum TDAX drawdown since its inception was -14.69%, smaller than the maximum XTAP drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for TDAX and XTAP.
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Drawdown Indicators
| TDAX | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.69% | -22.13% | +7.44% |
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 | -0.07% | -0.21% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -3.45% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.27% | — |
Volatility
TDAX vs. XTAP - Volatility Comparison
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Volatility by Period
| TDAX | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.71% | 4.70% | +19.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 14.54% | +9.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 14.41% | +9.30% |
TDAX vs. XTAP - Expense Ratio Comparison
TDAX has a 0.98% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Dividends
TDAX vs. XTAP - Dividend Comparison
TDAX's dividend yield for the trailing twelve months is around 7.40%, while XTAP has not paid dividends to shareholders.
| Position | TTM |
|---|---|
TDAX TDAQ Lift ETF | 7.40% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% |
Frequently Asked Questions
TDAX and XTAP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTAP is cheaper with a 0.79% expense ratio, compared with 0.98% for TDAX.
TDAX has the higher dividend yield at 7.40%, compared with 0.00% for XTAP.
They also come from different issuers: TappAlpha and Innovator. Their fees differ too: 0.98% for TDAX and 0.79% for XTAP.
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