UNHU vs. XTAP
UNHU (Direxion Daily UNH Bull 2X ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. UNHU charges 0.97%/yr vs 0.79%/yr for XTAP.
Performance
UNHU vs. XTAP - Performance Comparison
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Returns By Period
UNHU
- 1D
- -0.06%
- 1M
- 2.76%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- 0.15%
- 1M
- 2.02%
- YTD
- 11.13%
- 6M
- 12.15%
- 1Y
- 21.20%
- 3Y*
- 18.01%
- 5Y*
- 11.02%
- 10Y*
- —
UNHU vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
UNHU Direxion Daily UNH Bull 2X ETF | 86.70% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 9.49% |
Correlation
The correlation between UNHU and XTAP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.06 |
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Return for Risk
UNHU vs. XTAP — Risk / Return Rank
UNHU
XTAP
UNHU vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily UNH Bull 2X ETF (UNHU) 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
| UNHU | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.55 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 38.25 | 0.80 | +37.45 |
Drawdowns
UNHU vs. XTAP - Drawdown Comparison
The maximum UNHU drawdown since its inception was -11.68%, smaller than the maximum XTAP drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for UNHU and XTAP.
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Drawdown Indicators
| UNHU | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -22.13% | +10.45% |
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 | -11.68% | -0.06% | -11.62% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -3.45% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.27% | — |
Volatility
UNHU vs. XTAP - Volatility Comparison
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Volatility by Period
| UNHU | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.42% | 4.68% | +62.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.42% | 14.54% | +52.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.42% | 14.40% | +53.02% |
UNHU vs. XTAP - Expense Ratio Comparison
UNHU has a 0.97% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Dividends
UNHU vs. XTAP - Dividend Comparison
Neither UNHU nor XTAP has paid dividends to shareholders.
Frequently Asked Questions
UNHU and XTAP have a correlation of 0.06, 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 0.97% for UNHU.
UNHU and XTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 0.97% for UNHU and 0.79% for XTAP.
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