XTAP vs. BAMU

Last updated Jun 24, 2026

XTAP (Innovator U.S. Equity Accelerated Plus ETF) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - XTAP is a Leveraged Equities fund actively managed by Innovator, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. Both are actively managed. Over the past year, XTAP returned 19.37% vs 2.87% for BAMU. At a correlation of -0.01, they often move in opposite directions. XTAP charges 0.79%/yr vs 1.09%/yr for BAMU.

Performance

XTAP vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTAP achieves a 10.29% return, which is significantly higher than BAMU's 1.18% return.

XTAP

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

BAMU

• 1D: 0.00%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.29%
• 1Y: 2.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTAP vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.29%	17.58%	14.26%	8.37%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	4.14%	1.20%

Correlation

The correlation between XTAP and BAMU is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Sep 27, 2023	-0.01

The correlation between XTAP and BAMU shifts across timeframes, from -0.11 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XTAP vs. BAMU — Risk / Return Rank

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

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

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

XTAP vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	XTAP	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	4.06	4.94	-0.88
Sortino ratio: Return per unit of downside risk	6.76	8.71	-1.96
Omega ratio: Gain probability vs. loss probability	2.05	2.41	-0.36
Calmar ratio: Return relative to maximum drawdown	11.34	24.37	-13.03
Martin ratio: Return relative to average drawdown	62.48	96.52	-34.05

XTAP vs. BAMU - Sharpe Ratio Comparison

The current XTAP Sharpe Ratio is 4.06, which is comparable to the BAMU Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of XTAP and BAMU, 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

XTAP vs. BAMU - Drawdown Comparison

The maximum XTAP drawdown since its inception was -22.13%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for XTAP and BAMU.

Drawdown Indicators

	XTAP	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-22.13%	-0.36%	-21.77%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-0.12%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-11.83%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.13%	—	—
Current Drawdown Current decline from peak	-0.91%	0.00%	-0.91%
Average Drawdown Average peak-to-trough decline	-3.42%	-0.02%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.03%	+0.28%

Volatility

XTAP vs. BAMU - Volatility Comparison

Innovator U.S. Equity Accelerated Plus ETF (XTAP) has a higher volatility of 2.05% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that XTAP's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTAP	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	0.09%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	3.72%	0.39%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	4.83%	0.58%	+4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	0.87%	+13.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	0.87%	+13.49%

XTAP vs. BAMU - Expense Ratio Comparison

XTAP has a 0.79% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

XTAP vs. BAMU - Dividend Comparison

XTAP has not paid dividends to shareholders, while BAMU's dividend yield for the trailing twelve months is around 3.05%.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
XTAP Innovator U.S. Equity Accelerated Plus ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XTAP and BAMU in my portfolio?

XTAP and BAMU have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTAP or BAMU?

XTAP has higher volatility (2.05%) compared to BAMU (0.09%). In terms of maximum drawdown, XTAP dropped -22.13% vs BAMU's -0.36%.

Which ETF is better, XTAP or BAMU?

On 1-year performance, XTAP leads with 19.37% vs 2.87% for BAMU. On fees, XTAP is cheaper at 0.79% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTAP or BAMU?

Over the 1-year period, XTAP has performed better with a 19.37% return vs 2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTAP or BAMU?

XTAP is cheaper with a 0.79% expense ratio, compared with 1.09% for BAMU.

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

BAMU has the higher dividend yield at 3.05%, compared with 0.00% for XTAP.

What is the main difference between XTAP and BAMU?

XTAP is categorized as Leveraged Equities, while BAMU is Ultrashort Bond. They also come from different issuers: Innovator and Brookstone. Their fees differ too: 0.79% for XTAP and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (4.94 vs 4.06), 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.