XTAP vs. VALG
XTAP (Innovator U.S. Equity Accelerated Plus ETF) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds. XTAP is actively managed, while VALG is passively managed. At a 0.43 correlation, their price movements are largely independent. XTAP charges 0.79%/yr vs 0.75%/yr for VALG.
Performance
XTAP vs. VALG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTAP achieves a 12.05% return, which is significantly higher than VALG's 9.11% return.
XTAP
- 1D
- 0.25%
- 1M
- 1.46%
- 6M
- 11.75%
- YTD
- 12.05%
- 1Y
- 18.71%
- 3Y*
- 16.85%
- 5Y*
- 10.83%
- 10Y*
- —
VALG
- 1D
- 6.09%
- 1M
- -15.01%
- 6M
- -6.08%
- YTD
- 9.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP vs. VALG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XTAP Innovator U.S. Equity Accelerated Plus ETF | 12.05% | 0.88% |
VALG Leverage Shares 2X Long VALE Daily ETF | 9.11% | 1.57% |
Correlation
The correlation between XTAP and VALG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XTAP vs. VALG — Risk / Return Rank
XTAP
VALG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XTAP vs. VALG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Leverage Shares 2X Long VALE Daily ETF (VALG). 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 | VALG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.01 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 10.95 | — | — |
| Martin ratioReturn relative to average drawdown | 58.10 | — | — |
Loading charts...
Drawdowns
XTAP vs. VALG - Drawdown Comparison
The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum VALG drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for XTAP and VALG.
Loading charts...
Drawdown Indicators
| XTAP | VALG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.13% | -41.01% | +18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.13% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -36.85% | +36.83% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -15.47% | +12.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | — | — |
Volatility
XTAP vs. VALG - Volatility Comparison
Loading charts...
Volatility by Period
| XTAP | VALG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 73.64% | -68.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 73.64% | -59.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 73.64% | -59.35% |
XTAP vs. VALG - Expense Ratio Comparison
XTAP has a 0.79% expense ratio, which is higher than VALG's 0.75% expense ratio.
Dividends
XTAP vs. VALG - Dividend Comparison
Neither XTAP nor VALG has paid dividends to shareholders.
Frequently Asked Questions
XTAP and VALG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALG is cheaper with a 0.75% expense ratio, compared with 0.79% for XTAP.
XTAP and VALG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for XTAP and 0.75% for VALG.
Find the right allocation for XTAP and VALG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer