XBAP vs. DECZ
Compare and contrast key facts about Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP) and TrueShares Structured Outcome (December) ETF (DECZ).
XBAP and DECZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBAP is an actively managed fund by Innovator. It was launched on Mar 31, 2021. DECZ is a passively managed fund by TrueShares that tracks the performance of the S&P 500. It was launched on Nov 30, 2020.
Performance
XBAP vs. DECZ - Performance Comparison
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XBAP vs. DECZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XBAP Innovator U.S. Equity Accelerated 9 Buffer ETF - April | 1.23% | 13.38% | 11.55% | 20.53% | -7.59% | 7.48% |
DECZ TrueShares Structured Outcome (December) ETF | -3.57% | 12.34% | 18.89% | 18.32% | -8.93% | 13.75% |
Returns By Period
In the year-to-date period, XBAP achieves a 1.23% return, which is significantly higher than DECZ's -3.57% return.
XBAP
- 1D
- -0.12%
- 1M
- 0.52%
- YTD
- 1.23%
- 6M
- 3.38%
- 1Y
- 12.13%
- 3Y*
- 12.52%
- 5Y*
- —
- 10Y*
- —
DECZ
- 1D
- 2.04%
- 1M
- -3.73%
- YTD
- -3.57%
- 6M
- -1.59%
- 1Y
- 11.87%
- 3Y*
- 13.04%
- 5Y*
- 9.56%
- 10Y*
- —
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XBAP vs. DECZ - Expense Ratio Comparison
Both XBAP and DECZ have an expense ratio of 0.79%.
Return for Risk
XBAP vs. DECZ — Risk / Return Rank
XBAP
DECZ
XBAP vs. DECZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP) and TrueShares Structured Outcome (December) ETF (DECZ). 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.
| XBAP | DECZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.85 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.31 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.19 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.29 | +0.32 |
Martin ratioReturn relative to average drawdown | 10.81 | 5.68 | +5.13 |
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
| XBAP | DECZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.85 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.84 | +0.06 |
Correlation
The correlation between XBAP and DECZ is 0.88, 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
XBAP vs. DECZ - Dividend Comparison
XBAP has not paid dividends to shareholders, while DECZ's dividend yield for the trailing twelve months is around 3.40%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XBAP Innovator U.S. Equity Accelerated 9 Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DECZ TrueShares Structured Outcome (December) ETF | 3.40% | 3.28% | 2.55% | 1.23% | 1.44% | 0.46% |
Drawdowns
XBAP vs. DECZ - Drawdown Comparison
The maximum XBAP drawdown since its inception was -14.57%, smaller than the maximum DECZ drawdown of -16.57%. Use the drawdown chart below to compare losses from any high point for XBAP and DECZ.
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Drawdown Indicators
| XBAP | DECZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -16.57% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -9.43% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.57% | — |
Current DrawdownCurrent decline from peak | -0.12% | -5.64% | +5.52% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -3.13% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 2.14% | -0.91% |
Volatility
XBAP vs. DECZ - Volatility Comparison
The current volatility for Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP) is 0.52%, while TrueShares Structured Outcome (December) ETF (DECZ) has a volatility of 4.00%. This indicates that XBAP experiences smaller price fluctuations and is considered to be less risky than DECZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAP | DECZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 4.00% | -3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 7.69% | -5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 13.99% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.99% | 12.59% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.99% | 12.48% | -2.49% |