XDSQ vs. NAPR

Last updated Aug 1, 2026

XDSQ (Innovator US Equity Accelerated ETF) and NAPR (Innovator Nasdaq-100 Power Buffer ETF - April) are both exchange-traded funds - XDSQ is a Leveraged Equities fund actively managed by Innovator, while NAPR is a Nasdaq-100 fund tracking the NASDAQ-100 Index. XDSQ is actively managed, while NAPR is passively managed. Over the past 5 years, XDSQ returned 9.46%/yr vs 9.42%/yr for NAPR. Their correlation of 0.85 means they have usually moved in the same direction. Both charge a 0.79% expense ratio.

Performance

XDSQ vs. NAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator US Equity Accelerated ETF (XDSQ) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDSQ achieves a 4.06% return, which is significantly lower than NAPR's 9.87% return.

XDSQ

• 1D: 1.09%
• 1M: 1.17%
• 6M: 2.50%
• YTD: 4.06%
• 1Y: 14.72%
• 3Y*: 13.83%
• 5Y*: 9.46%
• 10Y*: —
• ALL TIME*: 10.43%

NAPR

• 1D: 0.34%
• 1M: 0.19%
• 6M: 9.16%
• YTD: 9.87%
• 1Y: 14.91%
• 3Y*: 11.68%
• 5Y*: 9.42%
• 10Y*: —
• ALL TIME*: 10.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	$201.80K	$267.90K	$580.78K
XDSQ Innovator US Equity Accelerated ETF	$337.95K	$898.70K	$479.40K

XDSQ vs. NAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XDSQ Innovator US Equity Accelerated ETF	4.06%	14.22%	23.12%	23.00%	-16.78%	13.28%
NAPR Innovator Nasdaq-100 Power Buffer ETF - April	9.87%	6.56%	13.29%	30.60%	-12.13%	8.16%

Correlation

The correlation between XDSQ and NAPR is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.85

The correlation between XDSQ and NAPR shifts across timeframes, from 0.75 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

XDSQ vs. NAPR - Sectors Allocation Comparison

Sectors	XDSQ	NAPR
Technology	39.1%	50.7%
Financial Services	10.9%	0.2%
Communication Services	10.7%	15.8%
Consumer Cyclical	9.9%	12.5%
Healthcare	8.3%	5.1%
Industrials	7.8%	3.3%
Consumer Defensive	4.5%	8.7%
Energy	3.1%	0.7%
Utilities	2.1%	1.6%
Real Estate	1.8%	0.1%
Basic Materials	1.7%	1.3%

Return for Risk

XDSQ vs. NAPR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XDSQ

XDSQ Risk / Return Rank: 49
XDSQ Sharpe Ratio Rank: 49
XDSQ Sortino Ratio Rank: 46
XDSQ Omega Ratio Rank: 55
XDSQ Calmar Ratio Rank: 39
XDSQ Martin Ratio Rank: 54

NAPR

NAPR Risk / Return Rank: 97
NAPR Sharpe Ratio Rank: 96
NAPR Sortino Ratio Rank: 97
NAPR Omega Ratio Rank: 96
NAPR Calmar Ratio Rank: 97
NAPR Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XDSQ vs. NAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator US Equity Accelerated ETF (XDSQ) and Innovator Nasdaq-100 Power Buffer ETF - April (NAPR). 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.

	XDSQ	NAPR	Difference
Sharpe ratio: Return per unit of total volatility	1.19	3.05	-1.86
Sortino ratio: Return per unit of downside risk	1.67	4.82	-3.14
Omega ratio: Gain probability vs. loss probability	1.24	1.67	-0.43
Calmar ratio: Return relative to maximum drawdown	1.36	7.01	-5.64
Martin ratio: Return relative to average drawdown	6.43	33.97	-27.54

XDSQ vs. NAPR - Sharpe Ratio Comparison

The current XDSQ Sharpe Ratio is 1.19, which is lower than the NAPR Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of XDSQ and NAPR, 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

XDSQ vs. NAPR - Drawdown Comparison

The maximum XDSQ drawdown since its inception was -26.06%, which is greater than NAPR's maximum drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for XDSQ and NAPR.

Drawdown Indicators

	XDSQ	NAPR	Difference
Max Drawdown Largest peak-to-trough decline	-26.06%	-16.53%	-9.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-2.06%	-7.54%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-14.52%	-4.63%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-16.53%	-9.53%
Current Drawdown Current decline from peak	-0.31%	-0.70%	+0.39%
Average Drawdown Average peak-to-trough decline	-4.83%	-2.24%	-2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	0.43%	+1.60%

Volatility

XDSQ vs. NAPR - Volatility Comparison

Innovator US Equity Accelerated ETF (XDSQ) has a higher volatility of 3.54% compared to Innovator Nasdaq-100 Power Buffer ETF - April (NAPR) at 2.01%. This indicates that XDSQ's price experiences larger fluctuations and is considered to be riskier than NAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDSQ	NAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	2.01%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	8.13%	4.10%	+4.03%
Volatility (1Y) Calculated over the trailing 1-year period	10.98%	4.73%	+6.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	11.33%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.95%	10.55%	+4.40%

XDSQ vs. NAPR - Expense Ratio Comparison

Both XDSQ and NAPR have an expense ratio of 0.79%.

Dividends

XDSQ vs. NAPR - Dividend Comparison

Neither XDSQ nor NAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDSQ and NAPR in my portfolio?

XDSQ and NAPR have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDSQ or NAPR?

XDSQ has higher volatility (3.54%) compared to NAPR (2.01%). In terms of maximum drawdown, XDSQ dropped -26.06% vs NAPR's -16.53%.

Which ETF is better, XDSQ or NAPR?

On 5-year performance, XDSQ leads with 9.46% vs 9.42% for NAPR. Both ETFs have the same 0.79% expense ratio. On volatility, NAPR has been the lower-risk option at 2.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDSQ or NAPR?

Over the 5-year period, XDSQ has performed better with a 9.46% return vs 9.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDSQ or NAPR?

XDSQ and NAPR have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, XDSQ or NAPR?

XDSQ and NAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between XDSQ and NAPR?

XDSQ is categorized as Leveraged Equities, while NAPR is Nasdaq-100.

Which has better risk-adjusted returns?

NAPR currently has the higher Sharpe Ratio (3.05 vs 1.19), 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.