WANT vs. XTJL

Last updated Jun 24, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. WANT is passively managed, while XTJL is actively managed. Over the past 3 years, WANT returned 9.94%/yr vs 14.41%/yr for XTJL. Their correlation of 0.80 suggests significant overlap in exposure. WANT charges 0.98%/yr vs 0.79%/yr for XTJL.

Performance

WANT vs. XTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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, WANT achieves a -21.36% return, which is significantly lower than XTJL's 5.60% return.

WANT

• 1D: -3.36%
• 1M: -14.54%
• YTD: -21.36%
• 6M: -26.83%
• 1Y: -0.82%
• 3Y*: 9.94%
• 5Y*: -8.83%
• 10Y*: —

XTJL

• 1D: -0.06%
• 1M: 0.45%
• YTD: 5.60%
• 6M: 5.32%
• 1Y: 14.52%
• 3Y*: 14.41%
• 5Y*: —
• 10Y*: —

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

WANT vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-21.36%	-6.94%	60.52%	114.43%	-83.03%	42.79%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.60%	15.42%	14.43%	25.72%	-15.66%	7.81%

Correlation

The correlation between WANT and XTJL is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.80

The correlation between WANT and XTJL has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

WANT vs. XTJL - Sectors Allocation Comparison

Sectors	WANT	XTJL
Consumer Cyclical	20.9%	10.0%
Communication Services	0.3%	10.8%
Technology	0.2%	38.4%
Industrials	0.0%	7.9%
Basic Materials	-	1.7%
Consumer Defensive	-	4.6%
Energy	-	3.2%
Financial Services	-	11.0%
Healthcare	-	8.4%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

WANT vs. XTJL — Risk / Return Rank

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

WANT

WANT Risk / Return Rank: 9
WANT Sharpe Ratio Rank: 9
WANT Sortino Ratio Rank: 10
WANT Omega Ratio Rank: 10
WANT Calmar Ratio Rank: 9
WANT Martin Ratio Rank: 8

XTJL

XTJL Risk / Return Rank: 72
XTJL Sharpe Ratio Rank: 65
XTJL Sortino Ratio Rank: 71
XTJL Omega Ratio Rank: 80
XTJL Calmar Ratio Rank: 62
XTJL Martin Ratio Rank: 84

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.

WANT vs. XTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.

	WANT	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	1.98	-2.00
Sortino ratio: Return per unit of downside risk	0.37	2.95	-2.59
Omega ratio: Gain probability vs. loss probability	1.04	1.44	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.02	2.85	-2.87
Martin ratio: Return relative to average drawdown	-0.05	16.13	-16.18

WANT vs. XTJL - Sharpe Ratio Comparison

The current WANT Sharpe Ratio is -0.02, which is lower than the XTJL Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of WANT 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

WANT vs. XTJL - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for WANT and XTJL.

Drawdown Indicators

	WANT	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-23.24%	-62.65%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	-5.12%	-36.15%
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	-16.70%	-46.83%
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	—	—
Current Drawdown Current decline from peak	-62.10%	-0.06%	-62.04%
Average Drawdown Average peak-to-trough decline	-43.16%	-4.00%	-39.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.14%	0.90%	+15.24%

Volatility

WANT vs. XTJL - Volatility Comparison

Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 19.12% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 0.36%. This indicates that WANT'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

	WANT	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.12%	0.36%	+18.76%
Volatility (6M) Calculated over the trailing 6-month period	41.03%	5.65%	+35.38%
Volatility (1Y) Calculated over the trailing 1-year period	55.06%	7.35%	+47.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.98%	15.14%	+55.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.48%	15.14%	+56.34%

WANT vs. XTJL - Expense Ratio Comparison

WANT has a 0.98% expense ratio, which is higher than XTJL's 0.79% expense ratio.

Dividends

WANT vs. XTJL - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.68%, while XTJL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.68%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%
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%

Frequently Asked Questions

Can I hold both WANT and XTJL in my portfolio?

WANT and XTJL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WANT or XTJL?

WANT has higher volatility (19.12%) compared to XTJL (0.36%). In terms of maximum drawdown, WANT dropped -85.89% vs XTJL's -23.24%.

Which ETF is better, WANT or XTJL?

On 3-year performance, XTJL leads with 14.41% vs 9.94% for WANT. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WANT or XTJL?

Over the 3-year period, XTJL has performed better with a 14.41% return vs 9.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WANT or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 0.98% for WANT.

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

WANT has the higher dividend yield at 0.68%, compared with 0.00% for XTJL.

What is the main difference between WANT and XTJL?

They also come from different issuers: Direxion and Innovator. Their fees differ too: 0.98% for WANT and 0.79% for XTJL.

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (1.98 vs -0.02), 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.