XTJL vs. GDMA

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and Gadsden Dynamic Multi-Asset ETF (GDMA).

XTJL and GDMA 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. GDMA is an actively managed fund by Gadsden. It was launched on Nov 14, 2018.

Performance

XTJL vs. GDMA - 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 Gadsden Dynamic Multi-Asset ETF (GDMA). The values are adjusted to include any dividend payments, if applicable.

XTJL vs. GDMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	-1.36%	15.42%	14.43%	25.72%	-15.66%	7.28%
GDMA Gadsden Dynamic Multi-Asset ETF	5.56%	25.29%	7.44%	1.72%	-2.08%	0.45%

Returns By Period

In the year-to-date period, XTJL achieves a -1.36% return, which is significantly lower than GDMA's 5.56% return.

XTJL

• 1D: 2.47%
• 1M: -2.34%
• YTD: -1.36%
• 6M: 1.27%
• 1Y: 15.57%
• 3Y*: 14.33%
• 5Y*: —
• 10Y*: —

GDMA

• 1D: -0.16%
• 1M: -5.27%
• YTD: 5.56%
• 6M: 8.64%
• 1Y: 30.39%
• 3Y*: 14.82%
• 5Y*: 7.72%
• 10Y*: —

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

XTJL vs. GDMA - Expense Ratio Comparison

XTJL has a 0.79% expense ratio, which is higher than GDMA's 0.77% expense ratio.

XTJL

Innovator U.S. Equity Accelerated Plus ETF - July

GDMA

Gadsden Dynamic Multi-Asset ETF

Return for Risk

XTJL vs. GDMA — Risk / Return Rank

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

XTJL

XTJL Risk / Return Rank: 57
XTJL Sharpe Ratio Rank: 47
XTJL Sortino Ratio Rank: 51
XTJL Omega Ratio Rank: 73
XTJL Calmar Ratio Rank: 45
XTJL Martin Ratio Rank: 71

GDMA

GDMA Risk / Return Rank: 96
GDMA Sharpe Ratio Rank: 96
GDMA Sortino Ratio Rank: 96
GDMA Omega Ratio Rank: 96
GDMA Calmar Ratio Rank: 97
GDMA Martin Ratio Rank: 94

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. GDMA - 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 Gadsden Dynamic Multi-Asset ETF (GDMA). 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	GDMA	Difference
Sharpe ratio Return per unit of total volatility	0.86	2.52	-1.66
Sortino ratio Return per unit of downside risk	1.38	3.29	-1.91
Omega ratio Gain probability vs. loss probability	1.28	1.48	-0.21
Calmar ratio Return relative to maximum drawdown	1.18	4.72	-3.54
Martin ratio Return relative to average drawdown	7.42	14.01	-6.59
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. GDMA - Sharpe Ratio Comparison

The current XTJL Sharpe Ratio is 0.86, which is lower than the GDMA Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of XTJL and GDMA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XTJL	GDMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	2.52	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.85	-0.29

Correlation

The correlation between XTJL and GDMA is 0.27, 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. GDMA - Dividend Comparison

XTJL has not paid dividends to shareholders, while GDMA's dividend yield for the trailing twelve months is around 2.65%.

	TTM	2025	2024	2023	2022	2021	2020	2019
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%
GDMA Gadsden Dynamic Multi-Asset ETF	2.65%	2.79%	2.32%	4.14%	1.18%	2.10%	0.62%	3.17%

Drawdowns

XTJL vs. GDMA - Drawdown Comparison

The maximum XTJL drawdown since its inception was -23.24%, which is greater than GDMA's maximum drawdown of -16.66%. Use the drawdown chart below to compare losses from any high point for XTJL and GDMA.

Drawdown Indicators

	XTJL	GDMA	Difference
Max Drawdown Largest peak-to-trough decline	-23.24%	-16.66%	-6.58%
Max Drawdown (1Y) Largest decline over 1 year	-13.81%	-6.44%	-7.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.74%	—
Current Drawdown Current decline from peak	-2.77%	-6.06%	+3.29%
Average Drawdown Average peak-to-trough decline	-4.18%	-3.78%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.17%	+0.02%

Volatility

XTJL vs. GDMA - Volatility Comparison

Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) has a higher volatility of 4.44% compared to Gadsden Dynamic Multi-Asset ETF (GDMA) at 4.01%. This indicates that XTJL's price experiences larger fluctuations and is considered to be riskier than GDMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTJL	GDMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	4.01%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	6.27%	9.88%	-3.61%
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	12.12%	+6.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	9.44%	+6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	10.82%	+4.64%