XTAP vs. TYLD

Last updated Jun 3, 2026

XTAP (Innovator U.S. Equity Accelerated Plus ETF) and TYLD (Cambria Tactical Yield ETF) are both exchange-traded funds - XTAP is a Leveraged Equities fund actively managed by Innovator, while TYLD is a fund fund actively managed by Cambria. Both are actively managed. Over the past year, XTAP returned 21.81% vs 4.04% for TYLD. At a 0.03 correlation, their price movements are largely independent. XTAP charges 0.79%/yr vs 0.59%/yr for TYLD.

Performance

XTAP vs. TYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Cambria Tactical Yield ETF (TYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTAP achieves a 11.19% return, which is significantly higher than TYLD's 1.50% return.

XTAP

• 1D: 0.02%
• 1M: 2.06%
• YTD: 11.19%
• 6M: 12.40%
• 1Y: 21.81%
• 3Y*: 17.98%
• 5Y*: 11.17%
• 10Y*: —

TYLD

• 1D: 0.00%
• 1M: 0.54%
• YTD: 1.50%
• 6M: 1.86%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTAP vs. TYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XTAP Innovator U.S. Equity Accelerated Plus ETF	11.19%	17.58%	14.71%
TYLD Cambria Tactical Yield ETF	1.50%	4.05%	5.15%

Correlation

The correlation between XTAP and TYLD is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jan 5, 2024	0.03

Return for Risk

XTAP vs. TYLD — 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: 97
XTAP Sortino Ratio Rank: 98
XTAP Omega Ratio Rank: 98
XTAP Calmar Ratio Rank: 98
XTAP Martin Ratio Rank: 98

TYLD

TYLD Risk / Return Rank: 99
TYLD Sharpe Ratio Rank: 98
TYLD Sortino Ratio Rank: 99
TYLD Omega Ratio Rank: 99
TYLD Calmar Ratio Rank: 99
TYLD 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. TYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Cambria Tactical Yield ETF (TYLD). 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.

	XTAP	TYLD	Difference
Sharpe ratio Return per unit of total volatility	4.67	5.39	-0.72
Sortino ratio Return per unit of downside risk	8.08	10.86	-2.79
Omega ratio Gain probability vs. loss probability	2.28	2.53	-0.26
Calmar ratio Return relative to maximum drawdown	15.52	34.17	-18.65
Martin ratio Return relative to average drawdown	82.64	125.00	-42.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTAP vs. TYLD - Sharpe Ratio Comparison

The current XTAP Sharpe Ratio is 4.67, which is comparable to the TYLD Sharpe Ratio of 5.39. The chart below compares the historical Sharpe Ratios of XTAP and TYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XTAP	TYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.67	5.39	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	2.53	-1.73

Drawdowns

XTAP vs. TYLD - Drawdown Comparison

The maximum XTAP drawdown since its inception was -22.13%, which is greater than TYLD's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for XTAP and TYLD.

Drawdown Indicators

	XTAP	TYLD	Difference
Max Drawdown Largest peak-to-trough decline	-22.13%	-1.06%	-21.07%
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	-0.12%	-1.30%
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	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.46%	-0.11%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	0.03%	+0.24%

Volatility

XTAP vs. TYLD - Volatility Comparison

Innovator U.S. Equity Accelerated Plus ETF (XTAP) has a higher volatility of 1.20% compared to Cambria Tactical Yield ETF (TYLD) at 0.28%. This indicates that XTAP's price experiences larger fluctuations and is considered to be riskier than TYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTAP	TYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	0.28%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	3.15%	0.55%	+2.60%
Volatility (1Y) Calculated over the trailing 1-year period	4.69%	0.75%	+3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	1.77%	+12.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	1.77%	+12.64%

XTAP vs. TYLD - Expense Ratio Comparison

XTAP has a 0.79% expense ratio, which is higher than TYLD's 0.59% expense ratio.

Dividends

XTAP vs. TYLD - Dividend Comparison

XTAP has not paid dividends to shareholders, while TYLD's dividend yield for the trailing twelve months is around 4.69%.

Position	TTM	2025	2024
TYLD Cambria Tactical Yield ETF	4.69%	4.38%	4.24%
XTAP Innovator U.S. Equity Accelerated Plus ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XTAP and TYLD in my portfolio?

XTAP and TYLD have a correlation of -0.03, 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 TYLD?

XTAP has higher volatility (1.20%) compared to TYLD (0.28%). In terms of maximum drawdown, XTAP dropped -22.13% vs TYLD's -1.06%.

Which ETF is better, XTAP or TYLD?

On 1-year performance, XTAP leads with 21.81% vs 4.04% for TYLD. On fees, TYLD is cheaper at 0.59% per year. On volatility, TYLD has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTAP or TYLD?

Over the 1-year period, XTAP has performed better with a 21.81% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTAP or TYLD?

TYLD is cheaper with a 0.59% expense ratio, compared with 0.79% for XTAP.

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

TYLD has the higher dividend yield at 4.69%, compared with 0.00% for XTAP.

What is the main difference between XTAP and TYLD?

They also come from different issuers: Innovator and Cambria. Their fees differ too: 0.79% for XTAP and 0.59% for TYLD.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.39 vs 4.67), 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.