XTJL vs. IFED

Last updated Jun 4, 2026

XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. XTJL is actively managed, while IFED is passively managed. Over the past 3 years, XTJL returned 14.68%/yr vs 16.71%/yr for IFED. A 0.79 correlation means they provide meaningful diversification when combined. XTJL charges 0.79%/yr vs 0.45%/yr for IFED.

Performance

XTJL vs. IFED - 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 ETRACS IFED Invest with the Fed TR Index ETN (IFED). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XTJL achieves a 5.36% return, which is significantly higher than IFED's -3.52% return.

XTJL

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

IFED

• 1D: -1.24%
• 1M: 4.85%
• YTD: -3.52%
• 6M: -3.51%
• 1Y: 1.97%
• 3Y*: 16.71%
• 5Y*: —
• 10Y*: —

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

XTJL vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.36%	15.42%	14.43%	25.72%	-15.66%	4.46%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.52%	15.02%	23.04%	20.78%	-1.46%	8.46%

Correlation

The correlation between XTJL and IFED is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.79

The correlation between XTJL and IFED shifts across timeframes, from 0.59 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XTJL vs. IFED — Risk / Return Rank

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

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

IFED

IFED Risk / Return Rank: 10
IFED Sharpe Ratio Rank: 10
IFED Sortino Ratio Rank: 10
IFED Omega Ratio Rank: 10
IFED Calmar Ratio Rank: 10
IFED Martin Ratio Rank: 10

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. IFED - 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 ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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	IFED	Difference
Sharpe ratio: Return per unit of total volatility	2.12	0.12	+2.00
Sortino ratio: Return per unit of downside risk	3.14	0.29	+2.85
Omega ratio: Gain probability vs. loss probability	1.46	1.04	+0.43
Calmar ratio: Return relative to maximum drawdown	3.07	0.14	+2.94
Martin ratio: Return relative to average drawdown	17.37	0.34	+17.02
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. IFED - Sharpe Ratio Comparison

The current XTJL Sharpe Ratio is 2.12, which is higher than the IFED Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of XTJL and IFED, 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	IFED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	0.12	+2.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.65	0.00

Drawdowns

XTJL vs. IFED - Drawdown Comparison

The maximum XTJL drawdown since its inception was -23.24%, roughly equal to the maximum IFED drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for XTJL and IFED.

Drawdown Indicators

	XTJL	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-23.24%	-22.36%	-0.88%
Max Drawdown (1Y) Largest decline over 1 year	-5.12%	-14.65%	+9.53%
Max Drawdown (3Y) Largest decline over 3 years	-16.70%	-22.36%	+5.66%
Current Drawdown Current decline from peak	0.00%	-5.50%	+5.50%
Average Drawdown Average peak-to-trough decline	-4.04%	-5.84%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	5.75%	-4.85%

Volatility

XTJL vs. IFED - Volatility Comparison

The current volatility for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) is 0.33%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 4.50%. This indicates that XTJL experiences smaller price fluctuations and is considered to be less risky than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XTJL	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	4.50%	-4.17%
Volatility (6M) Calculated over the trailing 6-month period	5.72%	12.86%	-7.14%
Volatility (1Y) Calculated over the trailing 1-year period	7.43%	16.21%	-8.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	19.88%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	19.88%	-4.66%

XTJL vs. IFED - Expense Ratio Comparison

XTJL has a 0.79% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

XTJL vs. IFED - Dividend Comparison

Neither XTJL nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XTJL and IFED in my portfolio?

XTJL and IFED have a correlation of 0.59, 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 IFED?

IFED has higher volatility (4.50%) compared to XTJL (0.33%). In terms of maximum drawdown, XTJL dropped -23.24% vs IFED's -22.36%.

Which ETF is better, XTJL or IFED?

On 3-year performance, IFED leads with 16.71% vs 14.68% for XTJL. On fees, IFED is cheaper at 0.45% per year. 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, XTJL or IFED?

Over the 3-year period, IFED has performed better with a 16.71% return vs 14.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XTJL or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 0.79% for XTJL.

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

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

What is the main difference between XTJL and IFED?

They also come from different issuers: Innovator and UBS. Their fees differ too: 0.79% for XTJL and 0.45% for IFED.

Which has better risk-adjusted returns?

XTJL currently has the higher Sharpe Ratio (2.12 vs 0.12), 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.