TNA vs. XTJL
Compare and contrast key facts about Direxion Daily Small Cap Bull 3X Shares (TNA) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL).
TNA and XTJL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TNA is a passively managed fund by Direxion that tracks the performance of the Russell 2000 Index (300%). It was launched on Nov 5, 2008. XTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Performance
TNA vs. XTJL - Performance Comparison
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TNA vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TNA Direxion Daily Small Cap Bull 3X Shares | -3.05% | 9.82% | 7.21% | 26.24% | -62.48% | -15.56% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | -1.36% | 15.42% | 14.43% | 25.72% | -15.66% | 7.28% |
Returns By Period
In the year-to-date period, TNA achieves a -3.05% return, which is significantly lower than XTJL's -1.36% return.
TNA
- 1D
- 10.41%
- 1M
- -16.38%
- YTD
- -3.05%
- 6M
- -2.35%
- 1Y
- 51.93%
- 3Y*
- 12.30%
- 5Y*
- -13.20%
- 10Y*
- 4.66%
XTJL
- 1D
- 2.47%
- 1M
- -2.34%
- YTD
- -1.36%
- 6M
- 1.27%
- 1Y
- 15.57%
- 3Y*
- 14.33%
- 5Y*
- —
- 10Y*
- —
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TNA vs. XTJL - Expense Ratio Comparison
TNA has a 1.14% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Return for Risk
TNA vs. XTJL — Risk / Return Rank
TNA
XTJL
TNA vs. XTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Small Cap Bull 3X Shares (TNA) 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.
| TNA | XTJL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.86 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.38 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.18 | +0.15 |
Martin ratioReturn relative to average drawdown | 4.21 | 7.42 | -3.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TNA | XTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.86 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.56 | -0.37 |
Correlation
The correlation between TNA and XTJL is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TNA vs. XTJL - Dividend Comparison
TNA's dividend yield for the trailing twelve months is around 0.62%, while XTJL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNA Direxion Daily Small Cap Bull 3X Shares | 0.62% | 0.78% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNA vs. XTJL - Drawdown Comparison
The maximum TNA drawdown since its inception was -88.09%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for TNA and XTJL.
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Drawdown Indicators
| TNA | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -23.24% | -64.85% |
Max Drawdown (1Y)Largest decline over 1 year | -37.58% | -13.81% | -23.77% |
Max Drawdown (5Y)Largest decline over 5 years | -82.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | — | — |
Current DrawdownCurrent decline from peak | -59.00% | -2.77% | -56.23% |
Average DrawdownAverage peak-to-trough decline | -33.80% | -4.18% | -29.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.80% | 2.19% | +9.61% |
Volatility
TNA vs. XTJL - Volatility Comparison
Direxion Daily Small Cap Bull 3X Shares (TNA) has a higher volatility of 22.35% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 4.44%. This indicates that TNA'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.
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Volatility by Period
| TNA | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.35% | 4.44% | +17.91% |
Volatility (6M)Calculated over the trailing 6-month period | 43.17% | 6.27% | +36.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.30% | 18.18% | +51.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.38% | 15.46% | +51.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.29% | 15.46% | +52.83% |