UNHG vs. XTAP

Last updated Jun 4, 2026

UNHG (Leverage Shares 2x Long UNH Daily ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. UNHG charges 0.75%/yr vs 0.79%/yr for XTAP.

Performance

UNHG vs. XTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long UNH Daily ETF (UNHG) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNHG achieves a 13.04% return, which is significantly higher than XTAP's 10.96% return.

UNHG

• 1D: -0.47%
• 1M: 1.93%
• YTD: 13.04%
• 6M: 7.17%
• 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*: —

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

UNHG vs. XTAP - Yearly Performance Comparison

	2026 (YTD)	2025
UNHG Leverage Shares 2x Long UNH Daily ETF	13.04%	21.72%
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.96%	5.53%

Correlation

The correlation between UNHG and XTAP is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.19

Return for Risk

UNHG vs. XTAP — Risk / Return Rank

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

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 97
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

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.

UNHG vs. XTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long UNH Daily ETF (UNHG) 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.

Sharpe Ratios by Period

	UNHG	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	0.54	0.80	-0.26

Drawdowns

UNHG vs. XTAP - Drawdown Comparison

The maximum UNHG drawdown since its inception was -57.00%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for UNHG and XTAP.

Drawdown Indicators

	UNHG	XTAP	Difference
Max Drawdown Largest peak-to-trough decline	-57.00%	-22.13%	-34.87%
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 Drawdown Current decline from peak	-12.81%	-0.21%	-12.60%
Average Drawdown Average peak-to-trough decline	-22.70%	-3.45%	-19.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.27%	—

Volatility

Volatility by Period

	UNHG	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	82.25%	4.70%	+77.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.25%	14.54%	+67.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.25%	14.41%	+67.84%

UNHG vs. XTAP - Expense Ratio Comparison

UNHG has a 0.75% expense ratio, which is lower than XTAP's 0.79% expense ratio.

Dividends

UNHG vs. XTAP - Dividend Comparison

UNHG's dividend yield for the trailing twelve months is around 10.00%, while XTAP has not paid dividends to shareholders.

Position	TTM	2025
UNHG Leverage Shares 2x Long UNH Daily ETF	10.00%	11.30%
XTAP Innovator U.S. Equity Accelerated Plus ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNHG and XTAP in my portfolio?

UNHG and XTAP have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHG or XTAP?

On fees, UNHG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UNHG or XTAP?

UNHG is cheaper with a 0.75% expense ratio, compared with 0.79% for XTAP.

Which ETF pays a higher dividend yield, UNHG or XTAP?

UNHG has the higher dividend yield at 10.00%, compared with 0.00% for XTAP.

What is the main difference between UNHG and XTAP?

They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for UNHG and 0.79% for XTAP.