XDQQ vs. XTAP

Last updated Jun 24, 2026

XDQQ (Innovator Growth Accelerated ETF - Quarterly) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds from Innovator. Both are actively managed. Over the past 5 years, XDQQ returned 7.88%/yr vs 10.65%/yr for XTAP. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

XDQQ vs. XTAP - 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 Accelerated Plus ETF (XTAP). 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 lower than XTAP's 10.29% return.

XDQQ

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

XTAP

• 1D: -0.56%
• 1M: -0.17%
• YTD: 10.29%
• 6M: 10.43%
• 1Y: 19.37%
• 3Y*: 17.09%
• 5Y*: 10.65%
• 10Y*: —

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

XDQQ vs. XTAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XDQQ Innovator Growth Accelerated ETF - Quarterly	2.83%	13.75%	31.47%	30.15%	-33.74%	18.52%
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.29%	17.58%	14.26%	23.46%	-14.68%	12.26%

Correlation

The correlation between XDQQ and XTAP is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.84

The correlation between XDQQ and XTAP shifts across timeframes, from 0.70 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

XDQQ vs. XTAP - Sectors Allocation Comparison

Sectors	XDQQ	XTAP
Technology	50.7%	35.7%
Communication Services	15.8%	11.3%
Consumer Cyclical	12.5%	10.2%
Consumer Defensive	8.7%	4.9%
Healthcare	5.1%	8.5%
Industrials	3.3%	8.3%
Utilities	1.6%	2.4%
Basic Materials	1.3%	1.8%
Energy	0.7%	3.5%
Financial Services	0.2%	11.6%
Real Estate	0.1%	1.9%

Return for Risk

XDQQ vs. XTAP — 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

XTAP

XTAP Risk / Return Rank: 98
XTAP Sharpe Ratio Rank: 96
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

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. XTAP - 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 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.

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	XTAP	Difference
Sharpe ratio: Return per unit of total volatility	1.22	4.06	-2.84
Sortino ratio: Return per unit of downside risk	1.67	6.76	-5.08
Omega ratio: Gain probability vs. loss probability	1.25	2.05	-0.80
Calmar ratio: Return relative to maximum drawdown	1.42	11.34	-9.92
Martin ratio: Return relative to average drawdown	6.45	62.48	-56.02

XDQQ vs. XTAP - Sharpe Ratio Comparison

The current XDQQ Sharpe Ratio is 1.22, which is lower than the XTAP Sharpe Ratio of 4.06. The chart below compares the historical Sharpe Ratios of XDQQ and XTAP, 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. XTAP - Drawdown Comparison

The maximum XDQQ drawdown since its inception was -35.63%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for XDQQ and XTAP.

Drawdown Indicators

	XDQQ	XTAP	Difference
Max Drawdown Largest peak-to-trough decline	-35.63%	-22.13%	-13.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-1.72%	-10.12%
Max Drawdown (3Y) Largest decline over 3 years	-23.17%	-11.83%	-11.34%
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	-22.13%	-13.50%
Current Drawdown Current decline from peak	-0.06%	-0.91%	+0.85%
Average Drawdown Average peak-to-trough decline	-10.72%	-3.42%	-7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	0.31%	+2.29%

Volatility

XDQQ vs. XTAP - Volatility Comparison

The current volatility for Innovator Growth Accelerated ETF - Quarterly (XDQQ) is 0.64%, while Innovator U.S. Equity Accelerated Plus ETF (XTAP) has a volatility of 2.05%. This indicates that XDQQ experiences smaller price fluctuations and is considered to be less risky than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDQQ	XTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	2.05%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	3.72%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	13.80%	4.83%	+8.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.80%	14.55%	+5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.55%	14.36%	+5.19%

XDQQ vs. XTAP - Expense Ratio Comparison

Both XDQQ and XTAP have an expense ratio of 0.79%.

Dividends

XDQQ vs. XTAP - Dividend Comparison

Neither XDQQ nor XTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDQQ and XTAP in my portfolio?

XDQQ and XTAP have a correlation of 0.70, 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 XTAP?

XTAP has higher volatility (2.05%) compared to XDQQ (0.64%). In terms of maximum drawdown, XDQQ dropped -35.63% vs XTAP's -22.13%.

Which ETF is better, XDQQ or XTAP?

On 5-year performance, XTAP leads with 10.65% vs 7.88% for XDQQ. Both ETFs have the same 0.79% expense ratio. On volatility, XDQQ has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDQQ or XTAP?

Over the 5-year period, XTAP has performed better with a 10.65% return vs 7.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDQQ or XTAP?

XDQQ and XTAP have the same expense ratio: 0.79% per year.

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

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

Which has better risk-adjusted returns?

XTAP currently has the higher Sharpe Ratio (4.06 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.