XTJL vs. SPY
Compare and contrast key facts about Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) and SPDR S&P 500 ETF (SPY).
XTJL and SPY 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. 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: XTJL or SPY.
Performance
XTJL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, XTJL achieves a 14.53% return, which is significantly lower than SPY's 26.47% return.
XTJL
14.53%
1.95%
8.05%
18.43%
N/A
N/A
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| XTJL | SPY | |
|---|---|---|
| Sharpe Ratio | 2.41 | 2.69 |
| Sortino Ratio | 3.22 | 3.59 |
| Omega Ratio | 1.58 | 1.50 |
| Calmar Ratio | 2.71 | 3.88 |
| Martin Ratio | 16.92 | 17.47 |
| Ulcer Index | 1.09% | 1.87% |
| Daily Std Dev | 7.65% | 12.14% |
| Max Drawdown | -23.24% | -55.19% |
| Current Drawdown | 0.00% | -0.54% |
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XTJL vs. SPY - Expense Ratio Comparison
XTJL has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between XTJL and SPY is 0.95, 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.
Risk-Adjusted Performance
XTJL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) 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.
Dividends
XTJL vs. SPY - Dividend Comparison
XTJL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XTJL vs. SPY - Drawdown Comparison
The maximum XTJL drawdown since its inception was -23.24%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XTJL and SPY. For additional features, visit the drawdowns tool.
Volatility
XTJL vs. SPY - Volatility Comparison
The current volatility for Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) is 2.16%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that XTJL 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.