XTJL vs. FM

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and iShares MSCI Frontier 100 ETF (FM).

XTJL and FM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021. FM is a passively managed fund by iShares that tracks the performance of the MSCI Frontier Markets 100 Index. It was launched on Sep 12, 2012.

Performance

XTJL vs. FM - 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 iShares MSCI Frontier 100 ETF (FM). The values are adjusted to include any dividend payments, if applicable.

XTJL vs. FM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	-0.71%	15.42%	14.43%	25.72%	-15.66%	7.28%
FM iShares MSCI Frontier 100 ETF	0.00%	0.18%	7.25%	7.12%	-24.43%	4.28%

Returns By Period

XTJL

• 1D: 0.66%
• 1M: -1.72%
• YTD: -0.71%
• 6M: 1.81%
• 1Y: 16.00%
• 3Y*: 14.59%
• 5Y*: —
• 10Y*: —

FM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XTJL vs. FM - Expense Ratio Comparison

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

XTJL

Innovator U.S. Equity Accelerated Plus ETF - July

FM

iShares MSCI Frontier 100 ETF

Return for Risk

XTJL vs. FM — Risk / Return Rank

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

XTJL

XTJL Risk / Return Rank: 55
XTJL Sharpe Ratio Rank: 45
XTJL Sortino Ratio Rank: 50
XTJL Omega Ratio Rank: 72
XTJL Calmar Ratio Rank: 41
XTJL Martin Ratio Rank: 66

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. FM - 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 iShares MSCI Frontier 100 ETF (FM). 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	FM	Difference
Sharpe ratio Return per unit of total volatility	0.88	—	—
Sortino ratio Return per unit of downside risk	1.41	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	1.18	—	—
Martin ratio Return relative to average drawdown	7.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XTJL	FM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	—	—

Correlation

The correlation between XTJL and FM is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XTJL vs. FM - Dividend Comparison

Neither XTJL nor FM has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FM iShares MSCI Frontier 100 ETF	0.00%	0.00%	3.95%	3.62%	2.70%	2.04%	2.91%	3.12%	4.29%	2.04%	2.15%	2.76%

Drawdowns

Drawdown Indicators

	XTJL	FM	Difference
Max Drawdown Largest peak-to-trough decline	-23.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.81%	—	—
Current Drawdown Current decline from peak	-2.12%	—	—
Average Drawdown Average peak-to-trough decline	-4.18%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	—	—

Volatility

Volatility by Period

	XTJL	FM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	—	—