XDQQ vs. EALT

Last updated Jun 24, 2026

XDQQ (Innovator Growth Accelerated ETF - Quarterly) and EALT (Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly) are both exchange-traded funds - XDQQ is a Leveraged Equities fund actively managed by Innovator, while EALT is a Options Trading fund actively managed by Innovator. Both are actively managed. Over the past year, XDQQ returned 16.74% vs 10.22% for EALT. Their correlation of 0.87 suggests significant overlap in exposure. XDQQ charges 0.79%/yr vs 0.69%/yr for EALT.

Performance

XDQQ vs. EALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDQQ achieves a 2.83% return, which is significantly higher than EALT's 1.32% return.

XDQQ

• 1D: -0.06%
• 1M: 0.56%
• YTD: 2.83%
• 6M: 1.08%
• 1Y: 16.74%
• 3Y*: 17.58%
• 5Y*: 7.88%
• 10Y*: —

EALT

• 1D: -0.03%
• 1M: 0.58%
• YTD: 1.32%
• 6M: 0.35%
• 1Y: 10.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDQQ vs. EALT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XDQQ Innovator Growth Accelerated ETF - Quarterly	2.83%	13.75%	31.47%	9.17%
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly	1.32%	9.45%	18.02%	6.68%

Correlation

The correlation between XDQQ and EALT is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.87

The correlation between XDQQ and EALT has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

XDQQ vs. EALT — Risk / Return Rank

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

XDQQ

XDQQ Risk / Return Rank: 36
XDQQ Sharpe Ratio Rank: 36
XDQQ Sortino Ratio Rank: 33
XDQQ Omega Ratio Rank: 39
XDQQ Calmar Ratio Rank: 30
XDQQ Martin Ratio Rank: 42

EALT

EALT Risk / Return Rank: 39
EALT Sharpe Ratio Rank: 42
EALT Sortino Ratio Rank: 38
EALT Omega Ratio Rank: 43
EALT Calmar Ratio Rank: 33
EALT Martin Ratio Rank: 40

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.

XDQQ vs. EALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT). 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.

	XDQQ	EALT	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.39	-0.17
Sortino ratio: Return per unit of downside risk	1.67	1.91	-0.23
Omega ratio: Gain probability vs. loss probability	1.25	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	1.42	1.54	-0.12
Martin ratio: Return relative to average drawdown	6.45	5.81	+0.64

XDQQ vs. EALT - Sharpe Ratio Comparison

The current XDQQ Sharpe Ratio is 1.22, which is comparable to the EALT Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of XDQQ and EALT, 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

XDQQ vs. EALT - Drawdown Comparison

The maximum XDQQ drawdown since its inception was -35.63%, which is greater than EALT's maximum drawdown of -14.76%. Use the drawdown chart below to compare losses from any high point for XDQQ and EALT.

Drawdown Indicators

	XDQQ	EALT	Difference
Max Drawdown Largest peak-to-trough decline	-35.63%	-14.76%	-20.87%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-6.66%	-5.18%
Max Drawdown (3Y) Largest decline over 3 years	-23.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	—	—
Current Drawdown Current decline from peak	-0.06%	-0.43%	+0.37%
Average Drawdown Average peak-to-trough decline	-10.72%	-1.62%	-9.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	1.76%	+0.84%

Volatility

XDQQ vs. EALT - Volatility Comparison

Innovator Growth Accelerated ETF - Quarterly (XDQQ) has a higher volatility of 0.64% compared to Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) at 0.55%. This indicates that XDQQ's price experiences larger fluctuations and is considered to be riskier than EALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDQQ	EALT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	0.55%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	5.17%	+5.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	7.41%	+6.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.80%	9.97%	+9.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.55%	9.97%	+9.58%

XDQQ vs. EALT - Expense Ratio Comparison

XDQQ has a 0.79% expense ratio, which is higher than EALT's 0.69% expense ratio.

Dividends

XDQQ vs. EALT - Dividend Comparison

Neither XDQQ nor EALT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDQQ and EALT in my portfolio?

XDQQ and EALT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDQQ or EALT?

XDQQ has higher volatility (0.64%) compared to EALT (0.55%). In terms of maximum drawdown, XDQQ dropped -35.63% vs EALT's -14.76%.

Which ETF is better, XDQQ or EALT?

On 1-year performance, XDQQ leads with 16.74% vs 10.22% for EALT. On fees, EALT is cheaper at 0.69% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDQQ or EALT?

Over the 1-year period, XDQQ has performed better with a 16.74% return vs 10.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDQQ or EALT?

EALT is cheaper with a 0.69% expense ratio, compared with 0.79% for XDQQ.

Which ETF pays a higher dividend yield, XDQQ or EALT?

XDQQ and EALT have nearly identical dividend yields, around 0.00%.

What is the main difference between XDQQ and EALT?

XDQQ is categorized as Leveraged Equities, while EALT is Options Trading. Their fees differ too: 0.79% for XDQQ and 0.69% for EALT.

Which has better risk-adjusted returns?

EALT currently has the higher Sharpe Ratio (1.39 vs 1.22), 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.