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ETFs

Innovator U.S. Equity Accelerated 9 Buffer ETF - April

XBAP
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Apr 1, 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$315,205
AUM
$76,770,500
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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SPY 03/28/2024 4.07 C
98.26%
—
SPY 03/28/2024 409.39 C
9.22%
—
SPY 03/28/2024 409.38 P
2.32%
—
Cash & Other
0.19%
—
SPY 03/28/2024 372.53 P
-1.12%
—
SPY 03/28/2024 439.4 C
-8.86%
Invest with XBAP
Trade XBAP Options

What is XBAP?

The Innovator U.S. Equity Accelerated 9 Buffer ETF seeks to provide double (2x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over a one-year outcome period. The ETF buffers investors against the first 9% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

1M
3M
6M
YTD
1Y
3Y
Max
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XBAP
Performance Measures**

for the time period Apr 1, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 0.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.1%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -14.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 10.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.90

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.62

The annualized return divided by the max drawdown for the selected time period.

ETFs related toXBAP

ETFs correlated to XBAP include DECZ, PJAN, IYY

XBAP
Innovator ETFs Trust - Innovator U.S. Equity Accelerated 9 Buffer ETF - April
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

XBAP is a US Equities ETF. The Innovator U.S. Equity Accelerated 9 Buffer ETF seeks to provide double (2x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over a one-year outcome period. The ETF buffers investors against the first 9% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

XBAP tracks the SPDR S&P 500 ETF Trust.

No, XBAP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, XBAP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on XBAP is 0.0038%. This is the percent change in the value of XBAP over the most recent 1-month period. The 3-month return on XBAP is 0.0132%. This is the percent change in the value of XBAP over the most recent 3-month period.

The standard deviation of XBAP for the past year is 0.1182%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XBAP include DJUL, DAUG, and FAUG.

ETFs correlated to XBAP include DECZ, PJAN, and IYY.

ETFs that are inversely correlated to XBAP include SH, SPXU, and SPXS.

Yes, XBAP is a Leveraged (2x) ETF: This means that XBAP will try to match the performance of SPDR S&P 500 ETF Trust, but with 2x the returns.

No, XBAP is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.