XAIX vs. XBOC

Last updated Jun 5, 2026

XAIX (Xtrackers Artificial Intelligence and Big Data ETF) and XBOC (Innovator U.S. Equity Accelerated 9 Buffer ETF - October) are both exchange-traded funds - XAIX is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index, while XBOC is a Defined Outcome fund actively managed by Innovator. XAIX is passively managed, while XBOC is actively managed. Over the past year, XAIX returned 65.74% vs 13.82% for XBOC. A 0.79 correlation means they provide meaningful diversification when combined. XAIX charges 0.35%/yr vs 0.79%/yr for XBOC.

Performance

XAIX vs. XBOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Artificial Intelligence and Big Data ETF (XAIX) and Innovator U.S. Equity Accelerated 9 Buffer ETF - October (XBOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XAIX achieves a 37.50% return, which is significantly higher than XBOC's 5.57% return.

XAIX

• 1D: -1.70%
• 1M: 17.77%
• YTD: 37.50%
• 6M: 38.65%
• 1Y: 65.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XBOC

• 1D: 0.16%
• 1M: 1.70%
• YTD: 5.57%
• 6M: 6.34%
• 1Y: 13.82%
• 3Y*: 11.76%
• 5Y*: —
• 10Y*: —

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

XAIX vs. XBOC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XAIX Xtrackers Artificial Intelligence and Big Data ETF	37.50%	29.05%	15.47%
XBOC Innovator U.S. Equity Accelerated 9 Buffer ETF - October	5.57%	11.15%	3.13%

Correlation

The correlation between XAIX and XBOC is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Aug 5, 2024	0.79

The correlation between XAIX and XBOC has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

XAIX vs. XBOC - Sectors Allocation Comparison

Sectors	XAIX	XBOC
Technology	71.7%	36.2%
Communication Services	14.1%	10.9%
Consumer Cyclical	8.9%	10.1%
Financial Services	5.2%	11.9%
Industrials	0.1%	8.1%
Consumer Defensive	0.0%	4.9%
Healthcare	0.0%	8.4%
Basic Materials	0.0%	1.8%
Energy	0.0%	3.5%
Utilities	0.0%	2.3%
Real Estate	-	1.9%

Return for Risk

XAIX vs. XBOC — Risk / Return Rank

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

XAIX

XAIX Risk / Return Rank: 87
XAIX Sharpe Ratio Rank: 91
XAIX Sortino Ratio Rank: 88
XAIX Omega Ratio Rank: 86
XAIX Calmar Ratio Rank: 86
XAIX Martin Ratio Rank: 85

XBOC

XBOC Risk / Return Rank: 70
XBOC Sharpe Ratio Rank: 66
XBOC Sortino Ratio Rank: 70
XBOC Omega Ratio Rank: 79
XBOC Calmar Ratio Rank: 57
XBOC Martin Ratio Rank: 79

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.

XAIX vs. XBOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Artificial Intelligence and Big Data ETF (XAIX) and Innovator U.S. Equity Accelerated 9 Buffer ETF - October (XBOC). 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.

	XAIX	XBOC	Difference
Sharpe ratio: Return per unit of total volatility	3.16	2.17	+0.99
Sortino ratio: Return per unit of downside risk	4.00	3.15	+0.85
Omega ratio: Gain probability vs. loss probability	1.52	1.46	+0.06
Calmar ratio: Return relative to maximum drawdown	4.72	2.78	+1.94
Martin ratio: Return relative to average drawdown	17.41	15.00	+2.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XAIX vs. XBOC - Sharpe Ratio Comparison

The current XAIX Sharpe Ratio is 3.16, which is higher than the XBOC Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of XAIX and XBOC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XAIX	XBOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.16	2.17	+0.99
Sharpe Ratio (All Time) Calculated using the full available price history	2.06	0.86	+1.20

Drawdowns

XAIX vs. XBOC - Drawdown Comparison

The maximum XAIX drawdown since its inception was -23.95%, which is greater than XBOC's maximum drawdown of -13.35%. Use the drawdown chart below to compare losses from any high point for XAIX and XBOC.

Drawdown Indicators

	XAIX	XBOC	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-13.35%	-10.60%
Max Drawdown (1Y) Largest decline over 1 year	-14.01%	-4.99%	-9.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.53%	—
Current Drawdown Current decline from peak	-3.19%	0.00%	-3.19%
Average Drawdown Average peak-to-trough decline	-3.49%	-2.08%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	0.92%	+2.87%

Volatility

XAIX vs. XBOC - Volatility Comparison

Xtrackers Artificial Intelligence and Big Data ETF (XAIX) has a higher volatility of 9.43% compared to Innovator U.S. Equity Accelerated 9 Buffer ETF - October (XBOC) at 0.74%. This indicates that XAIX's price experiences larger fluctuations and is considered to be riskier than XBOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XAIX	XBOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.43%	0.74%	+8.69%
Volatility (6M) Calculated over the trailing 6-month period	17.51%	5.19%	+12.32%
Volatility (1Y) Calculated over the trailing 1-year period	20.93%	6.40%	+14.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.39%	9.90%	+13.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.39%	9.90%	+13.49%

XAIX vs. XBOC - Expense Ratio Comparison

XAIX has a 0.35% expense ratio, which is lower than XBOC's 0.79% expense ratio.

Dividends

XAIX vs. XBOC - Dividend Comparison

XAIX's dividend yield for the trailing twelve months is around 0.39%, while XBOC has not paid dividends to shareholders.

Position	TTM	2025	2024
XAIX Xtrackers Artificial Intelligence and Big Data ETF	0.39%	0.54%	0.08%
XBOC Innovator U.S. Equity Accelerated 9 Buffer ETF - October	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAIX and XBOC in my portfolio?

XAIX and XBOC have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XAIX or XBOC?

XAIX has higher volatility (9.43%) compared to XBOC (0.74%). In terms of maximum drawdown, XAIX dropped -23.95% vs XBOC's -13.35%.

Which ETF is better, XAIX or XBOC?

On 1-year performance, XAIX leads with 65.74% vs 13.82% for XBOC. On fees, XAIX is cheaper at 0.35% per year. On volatility, XBOC has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XAIX or XBOC?

Over the 1-year period, XAIX has performed better with a 65.74% return vs 13.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XAIX or XBOC?

XAIX is cheaper with a 0.35% expense ratio, compared with 0.79% for XBOC.

Which ETF pays a higher dividend yield, XAIX or XBOC?

XAIX has the higher dividend yield at 0.39%, compared with 0.00% for XBOC.

What is the main difference between XAIX and XBOC?

XAIX is categorized as Technology Equities, while XBOC is Defined Outcome. They also come from different issuers: Xtrackers and Innovator. Their fees differ too: 0.35% for XAIX and 0.79% for XBOC.

Which has better risk-adjusted returns?

XAIX currently has the higher Sharpe Ratio (3.16 vs 2.17), 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.