XTAP vs. XOMX

Last updated Aug 6, 2026

XTAP (Innovator U.S. Equity Accelerated Plus ETF) and XOMX (Direxion Daily XOM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. Over the past year, XTAP returned 19.55% vs 81.54% for XOMX. Their -0.16 correlation means they have often moved in opposite directions in the past. XTAP charges 0.79%/yr vs 1.07%/yr for XOMX.

Performance

XTAP vs. XOMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Direxion Daily XOM Bull 2X Shares (XOMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTAP achieves a 13.57% return, which is significantly lower than XOMX's 46.54% return.

XTAP

• 1D: 0.06%
• 1M: 1.56%
• 6M: 12.99%
• YTD: 13.57%
• 1Y: 19.55%
• 3Y*: 17.54%
• 5Y*: 10.86%
• 10Y*: —
• ALL TIME*: 11.68%

XOMX

• 1D: -3.24%
• 1M: 21.85%
• 6M: -0.92%
• YTD: 46.54%
• 1Y: 81.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 52.32%

*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)
XOMX Direxion Daily XOM Bull 2X Shares	$1.33M	$1.20M	$1.10M
XTAP Innovator U.S. Equity Accelerated Plus ETF	$38.30K	$26.56K	$25.98K

XTAP vs. XOMX - Yearly Performance Comparison

	2026 (YTD)	2025
XTAP Innovator U.S. Equity Accelerated Plus ETF	13.57%	20.78%
XOMX Direxion Daily XOM Bull 2X Shares	46.54%	17.15%

Correlation

The correlation between XTAP and XOMX is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.24
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.16

XTAP vs. XOMX - Sectors Allocation Comparison

Sectors	XTAP	XOMX
Technology	39.1%	-
Financial Services	10.9%	-
Communication Services	10.7%	-
Consumer Cyclical	9.9%	-
Healthcare	8.3%	-
Industrials	7.8%	-
Consumer Defensive	4.5%	-
Energy	3.1%	100.0%
Utilities	2.1%	-
Real Estate	1.8%	-
Basic Materials	1.7%	-

Return for Risk

XTAP vs. XOMX — Risk / Return Rank

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

XTAP

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

XOMX

XOMX Risk / Return Rank: 51
XOMX Sharpe Ratio Rank: 60
XOMX Sortino Ratio Rank: 52
XOMX Omega Ratio Rank: 51
XOMX Calmar Ratio Rank: 50
XOMX Martin Ratio Rank: 40

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.

XTAP vs. XOMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Direxion Daily XOM Bull 2X Shares (XOMX). 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	XOMX	Difference
Sharpe ratio: Return per unit of total volatility	4.06	1.64	+2.42
Sortino ratio: Return per unit of downside risk	6.63	2.11	+4.52
Omega ratio: Gain probability vs. loss probability	2.03	1.27	+0.76
Calmar ratio: Return relative to maximum drawdown	11.44	2.07	+9.38
Martin ratio: Return relative to average drawdown	58.57	4.93	+53.64

XTAP vs. XOMX - Sharpe Ratio Comparison

The current XTAP Sharpe Ratio is 4.06, which is higher than the XOMX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of XTAP and XOMX, 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. XOMX - Drawdown Comparison

The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum XOMX drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for XTAP and XOMX.

Drawdown Indicators

	XTAP	XOMX	Difference
Max Drawdown Largest peak-to-trough decline	-22.13%	-39.64%	+17.51%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-39.64%	+37.92%
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%	-26.16%	+26.16%
Average Drawdown Average peak-to-trough decline	-3.35%	-10.91%	+7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	16.60%	-16.27%

Volatility

XTAP vs. XOMX - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF (XTAP) is 1.64%, while Direxion Daily XOM Bull 2X Shares (XOMX) has a volatility of 14.02%. This indicates that XTAP experiences smaller price fluctuations and is considered to be less risky than XOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTAP	XOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.64%	14.02%	-12.38%
Volatility (6M) Calculated over the trailing 6-month period	4.04%	41.39%	-37.35%
Volatility (1Y) Calculated over the trailing 1-year period	4.85%	49.99%	-45.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	48.40%	-33.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	48.40%	-34.18%

XTAP vs. XOMX - Expense Ratio Comparison

XTAP has a 0.79% expense ratio, which is lower than XOMX's 1.07% expense ratio.

Dividends

XTAP vs. XOMX - Dividend Comparison

XTAP has not paid dividends to shareholders, while XOMX's dividend yield for the trailing twelve months is around 1.79%.

Position	TTM	2025
XOMX Direxion Daily XOM Bull 2X Shares	1.79%	1.73%
XTAP Innovator U.S. Equity Accelerated Plus ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both XTAP and XOMX in my portfolio?

XTAP and XOMX have a correlation of -0.24, 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 XOMX?

XOMX has higher volatility (14.02%) compared to XTAP (1.64%). In terms of maximum drawdown, XTAP dropped -22.13% vs XOMX's -39.64%.

Which ETF is better, XTAP or XOMX?

On 1-year performance, XOMX leads with 81.54% vs 19.55% for XTAP. On fees, XTAP is cheaper at 0.79% per year. On volatility, XTAP has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTAP or XOMX?

Over the 1-year period, XOMX has performed better with a 81.54% return vs 19.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTAP or XOMX?

XTAP is cheaper with a 0.79% expense ratio, compared with 1.07% for XOMX.

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

XOMX has the higher dividend yield at 1.79%, compared with 0.00% for XTAP.

What is the main difference between XTAP and XOMX?

They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.79% for XTAP and 1.07% for XOMX.

Which has better risk-adjusted returns?

XTAP currently has the higher Sharpe Ratio (4.06 vs 1.64), 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.