Correlation
The correlation between XTJA and SPY is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
XTJA vs. SPY
Compare and contrast key facts about Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) and SPDR S&P 500 ETF (SPY).
XTJA and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTJA is an actively managed fund by Innovator. It was launched on Dec 31, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XTJA or SPY.
Performance
XTJA vs. SPY - Performance Comparison
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Key characteristics
XTJA:
0.47
SPY:
0.70
XTJA:
0.77
SPY:
1.02
XTJA:
1.15
SPY:
1.15
XTJA:
0.44
SPY:
0.68
XTJA:
2.02
SPY:
2.57
XTJA:
3.88%
SPY:
4.93%
XTJA:
17.89%
SPY:
20.42%
XTJA:
-26.17%
SPY:
-55.19%
XTJA:
-1.59%
SPY:
-3.55%
Returns By Period
In the year-to-date period, XTJA achieves a 1.65% return, which is significantly higher than SPY's 0.87% return.
XTJA
1.65%
5.40%
2.09%
7.96%
9.71%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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XTJA vs. SPY - Expense Ratio Comparison
XTJA has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XTJA vs. SPY — Risk-Adjusted Performance Rank
XTJA
SPY
XTJA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
XTJA vs. SPY - Dividend Comparison
XTJA has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTJA Innovator U.S. Equity Accelerated Plus ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
XTJA vs. SPY - Drawdown Comparison
The maximum XTJA drawdown since its inception was -26.17%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XTJA and SPY.
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Volatility
XTJA vs. SPY - Volatility Comparison
The current volatility for Innovator U.S. Equity Accelerated Plus ETF - January (XTJA) is 4.40%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that XTJA experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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