XTJL vs. ARMG

Last updated Jun 5, 2026

XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, XTJL returned 15.58% vs 443.95% for ARMG. A 0.56 correlation means they provide meaningful diversification when combined. XTJL charges 0.79%/yr vs 0.75%/yr for ARMG.

Performance

XTJL vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTJL achieves a 5.38% return, which is significantly lower than ARMG's 841.05% return.

XTJL

• 1D: 0.02%
• 1M: 1.01%
• YTD: 5.38%
• 6M: 6.35%
• 1Y: 15.58%
• 3Y*: 14.67%
• 5Y*: —
• 10Y*: —

ARMG

• 1D: -9.19%
• 1M: 211.14%
• YTD: 841.05%
• 6M: 460.44%
• 1Y: 443.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTJL vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.38%	15.61%
ARMG Leverage Shares 2X Long ARM Daily ETF	841.05%	-61.80%

Correlation

The correlation between XTJL and ARMG is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.56

The correlation between XTJL and ARMG has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

Return for Risk

XTJL vs. ARMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTJL

XTJL Risk / Return Rank: 72
XTJL Sharpe Ratio Rank: 65
XTJL Sortino Ratio Rank: 70
XTJL Omega Ratio Rank: 79
XTJL Calmar Ratio Rank: 63
XTJL Martin Ratio Rank: 85

ARMG

ARMG Risk / Return Rank: 81
ARMG Sharpe Ratio Rank: 93
ARMG Sortino Ratio Rank: 78
ARMG Omega Ratio Rank: 74
ARMG Calmar Ratio Rank: 93
ARMG Martin Ratio Rank: 65

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.

XTJL vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	XTJL	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	2.11	3.43	-1.32
Sortino ratio: Return per unit of downside risk	3.13	3.45	-0.32
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	3.06	6.57	-3.51
Martin ratio: Return relative to average drawdown	17.30	11.59	+5.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTJL vs. ARMG - Sharpe Ratio Comparison

The current XTJL Sharpe Ratio is 2.11, which is lower than the ARMG Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of XTJL and ARMG, 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

	XTJL	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	3.43	-1.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.10	-0.46

Drawdowns

XTJL vs. ARMG - Drawdown Comparison

The maximum XTJL drawdown since its inception was -23.24%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for XTJL and ARMG.

Drawdown Indicators

	XTJL	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-23.24%	-80.28%	+57.04%
Max Drawdown (1Y) Largest decline over 1 year	-5.12%	-68.13%	+63.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.70%	—	—
Current Drawdown Current decline from peak	0.00%	-9.19%	+9.19%
Average Drawdown Average peak-to-trough decline	-4.04%	-52.91%	+48.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	38.55%	-37.65%

Volatility

XTJL vs. ARMG - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) is 0.31%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 66.47%. This indicates that XTJL experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTJL	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	66.47%	-66.16%
Volatility (6M) Calculated over the trailing 6-month period	5.72%	104.49%	-98.77%
Volatility (1Y) Calculated over the trailing 1-year period	7.42%	130.67%	-123.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	138.36%	-123.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	138.36%	-123.15%

XTJL vs. ARMG - Expense Ratio Comparison

XTJL has a 0.79% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

XTJL vs. ARMG - Dividend Comparison

XTJL has not paid dividends to shareholders, while ARMG's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	0.52%	4.86%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	0.00%	0.00%

Frequently Asked Questions

Can I hold both XTJL and ARMG in my portfolio?

XTJL and ARMG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XTJL or ARMG?

ARMG has higher volatility (66.47%) compared to XTJL (0.31%). In terms of maximum drawdown, XTJL dropped -23.24% vs ARMG's -80.28%.

Which ETF is better, XTJL or ARMG?

On 1-year performance, ARMG leads with 443.95% vs 15.58% for XTJL. On fees, ARMG is cheaper at 0.75% per year. On volatility, XTJL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XTJL or ARMG?

Over the 1-year period, ARMG has performed better with a 443.95% return vs 15.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTJL or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 0.79% for XTJL.

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

ARMG has the higher dividend yield at 0.52%, compared with 0.00% for XTJL.

What is the main difference between XTJL and ARMG?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for XTJL and 0.75% for ARMG.

Which has better risk-adjusted returns?

ARMG currently has the higher Sharpe Ratio (3.43 vs 2.11), 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.