XTAP vs. WTIU

Last updated Jun 24, 2026

XTAP (Innovator U.S. Equity Accelerated Plus ETF) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds. XTAP is actively managed, while WTIU is passively managed. Over the past 3 years, XTAP returned 17.09%/yr vs 0.71%/yr for WTIU. At a 0.19 correlation, their price movements are largely independent. XTAP charges 0.79%/yr vs 0.95%/yr for WTIU.

Performance

XTAP vs. WTIU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF (XTAP) and MicroSectors Energy 3X Leveraged ETN (WTIU). 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 lower than WTIU's 48.25% return.

XTAP

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

WTIU

• 1D: 1.81%
• 1M: -23.04%
• YTD: 48.25%
• 6M: 48.93%
• 1Y: 40.86%
• 3Y*: 0.71%
• 5Y*: —
• 10Y*: —

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

XTAP vs. WTIU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.29%	17.58%	14.26%	14.21%
WTIU MicroSectors Energy 3X Leveraged ETN	48.25%	-17.13%	-29.63%	-28.45%

Correlation

The correlation between XTAP and WTIU 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 (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	0.19

The correlation between XTAP and WTIU shifts across timeframes, from -0.11 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

XTAP vs. WTIU - Sectors Allocation Comparison

Sectors	XTAP	WTIU
Technology	35.7%	-
Financial Services	11.6%	-
Communication Services	11.3%	-
Consumer Cyclical	10.2%	-
Healthcare	8.5%	-
Industrials	8.3%	-
Consumer Defensive	4.9%	-
Energy	3.5%	100.0%
Utilities	2.4%	-
Real Estate	1.9%	-
Basic Materials	1.8%	-

Return for Risk

XTAP vs. WTIU — 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

WTIU

WTIU Risk / Return Rank: 20
WTIU Sharpe Ratio Rank: 18
WTIU Sortino Ratio Rank: 22
WTIU Omega Ratio Rank: 21
WTIU Calmar Ratio Rank: 20
WTIU Martin Ratio Rank: 20

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. WTIU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) and MicroSectors Energy 3X Leveraged ETN (WTIU). 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	WTIU	Difference
Sharpe ratio: Return per unit of total volatility	4.06	0.60	+3.46
Sortino ratio: Return per unit of downside risk	6.76	1.19	+5.57
Omega ratio: Gain probability vs. loss probability	2.05	1.14	+0.90
Calmar ratio: Return relative to maximum drawdown	11.34	0.87	+10.47
Martin ratio: Return relative to average drawdown	62.48	2.30	+60.17

XTAP vs. WTIU - Sharpe Ratio Comparison

The current XTAP Sharpe Ratio is 4.06, which is higher than the WTIU Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of XTAP and WTIU, 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. WTIU - Drawdown Comparison

The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum WTIU drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for XTAP and WTIU.

Drawdown Indicators

	XTAP	WTIU	Difference
Max Drawdown Largest peak-to-trough decline	-22.13%	-75.73%	+53.60%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-47.07%	+45.35%
Max Drawdown (3Y) Largest decline over 3 years	-11.83%	-75.73%	+63.90%
Max Drawdown (5Y) Largest decline over 5 years	-22.13%	—	—
Current Drawdown Current decline from peak	-0.91%	-47.45%	+46.54%
Average Drawdown Average peak-to-trough decline	-3.42%	-39.19%	+35.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	17.80%	-17.49%

Volatility

XTAP vs. WTIU - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF (XTAP) is 2.05%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 23.51%. This indicates that XTAP experiences smaller price fluctuations and is considered to be less risky than WTIU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTAP	WTIU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	23.51%	-21.46%
Volatility (6M) Calculated over the trailing 6-month period	3.72%	56.01%	-52.29%
Volatility (1Y) Calculated over the trailing 1-year period	4.83%	68.81%	-63.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	70.79%	-56.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	70.79%	-56.43%

XTAP vs. WTIU - Expense Ratio Comparison

XTAP has a 0.79% expense ratio, which is lower than WTIU's 0.95% expense ratio.

Dividends

XTAP vs. WTIU - Dividend Comparison

Neither XTAP nor WTIU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XTAP and WTIU in my portfolio?

XTAP and WTIU 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 WTIU?

WTIU has higher volatility (23.51%) compared to XTAP (2.05%). In terms of maximum drawdown, XTAP dropped -22.13% vs WTIU's -75.73%.

Which ETF is better, XTAP or WTIU?

On 3-year performance, XTAP leads with 17.09% vs 0.71% for WTIU. On fees, XTAP is cheaper at 0.79% per year. On volatility, XTAP has been the lower-risk option at 2.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTAP or WTIU?

Over the 3-year period, XTAP has performed better with a 17.09% return vs 0.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTAP or WTIU?

XTAP is cheaper with a 0.79% expense ratio, compared with 0.95% for WTIU.

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

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

What is the main difference between XTAP and WTIU?

They also come from different issuers: Innovator and REX. Their fees differ too: 0.79% for XTAP and 0.95% for WTIU.

Which has better risk-adjusted returns?

XTAP currently has the higher Sharpe Ratio (4.06 vs 0.60), 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.