XTAP vs. XTJL

Last updated Jun 4, 2026

XTAP (Innovator U.S. Equity Accelerated Plus ETF) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds from Innovator. Both are actively managed. Over the past 3 years, XTAP returned 17.90%/yr vs 14.68%/yr for XTJL. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

XTAP vs. XTJL - Performance Comparison

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

Returns By Period

In the year-to-date period, XTAP achieves a 10.96% return, which is significantly higher than XTJL's 5.36% return.

XTAP

• 1D: -0.21%
• 1M: 2.32%
• YTD: 10.96%
• 6M: 12.10%
• 1Y: 21.00%
• 3Y*: 17.90%
• 5Y*: 10.99%
• 10Y*: —

XTJL

• 1D: 0.00%
• 1M: 1.16%
• YTD: 5.36%
• 6M: 6.38%
• 1Y: 15.64%
• 3Y*: 14.68%
• 5Y*: —
• 10Y*: —

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

XTAP vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XTAP Innovator U.S. Equity Accelerated Plus ETF	10.96%	17.58%	14.26%	23.46%	-14.68%	5.49%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.36%	15.42%	14.43%	25.72%	-15.66%	7.28%

Correlation

The correlation between XTAP and XTJL is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.93

The correlation between XTAP and XTJL shifts across timeframes, from 0.82 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

XTAP vs. XTJL - Sectors Allocation Comparison

Sectors	XTAP	XTJL
Technology	33.6%	36.2%
Financial Services	12.2%	11.9%
Communication Services	10.5%	10.9%
Consumer Cyclical	10.0%	10.1%
Healthcare	9.5%	8.4%
Industrials	8.5%	8.1%
Consumer Defensive	5.3%	4.9%
Energy	4.0%	3.5%
Utilities	2.6%	2.3%
Real Estate	2.0%	1.9%
Basic Materials	1.9%	1.8%

Return for Risk

XTAP vs. XTJL — 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

XTJL

XTJL Risk / Return Rank: 71
XTJL Sharpe Ratio Rank: 63
XTJL Sortino Ratio Rank: 68
XTJL Omega Ratio Rank: 77
XTJL Calmar Ratio Rank: 62
XTJL Martin Ratio Rank: 84

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. XTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). 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	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	4.50	2.12	+2.38
Sortino ratio: Return per unit of downside risk	7.78	3.14	+4.63
Omega ratio: Gain probability vs. loss probability	2.22	1.46	+0.75
Calmar ratio: Return relative to maximum drawdown	14.82	3.07	+11.75
Martin ratio: Return relative to average drawdown	78.70	17.37	+61.33
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. XTJL - Sharpe Ratio Comparison

The current XTAP Sharpe Ratio is 4.50, which is higher than the XTJL Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of XTAP and XTJL, 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	XTJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.50	2.12	+2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.65	+0.16

Drawdowns

XTAP vs. XTJL - Drawdown Comparison

The maximum XTAP drawdown since its inception was -22.13%, roughly equal to the maximum XTJL drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for XTAP and XTJL.

Drawdown Indicators

	XTAP	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-22.13%	-23.24%	+1.11%
Max Drawdown (1Y) Largest decline over 1 year	-1.42%	-5.12%	+3.70%
Max Drawdown (3Y) Largest decline over 3 years	-11.83%	-16.70%	+4.87%
Max Drawdown (5Y) Largest decline over 5 years	-22.13%	—	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.45%	-4.04%	+0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.27%	0.90%	-0.63%

Volatility

XTAP vs. XTJL - Volatility Comparison

Innovator U.S. Equity Accelerated Plus ETF (XTAP) has a higher volatility of 1.10% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 0.33%. This indicates that XTAP's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTAP	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.33%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	3.16%	5.72%	-2.56%
Volatility (1Y) Calculated over the trailing 1-year period	4.70%	7.43%	-2.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	15.22%	-0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.41%	15.22%	-0.81%

XTAP vs. XTJL - Expense Ratio Comparison

Both XTAP and XTJL have an expense ratio of 0.79%.

Dividends

XTAP vs. XTJL - Dividend Comparison

Neither XTAP nor XTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XTAP and XTJL in my portfolio?

XTAP and XTJL have a correlation of 0.82, 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 XTJL?

XTAP has higher volatility (1.10%) compared to XTJL (0.33%). In terms of maximum drawdown, XTAP dropped -22.13% vs XTJL's -23.24%.

Which ETF is better, XTAP or XTJL?

On 3-year performance, XTAP leads with 17.90% vs 14.68% for XTJL. Both ETFs have the same 0.79% expense ratio. On volatility, XTJL has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTAP or XTJL?

Over the 3-year period, XTAP has performed better with a 17.90% return vs 14.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTAP or XTJL?

XTAP and XTJL have the same expense ratio: 0.79% per year.

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

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

Which has better risk-adjusted returns?

XTAP currently has the higher Sharpe Ratio (4.50 vs 2.12), 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.