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ETFs

Innovator U.S. Equity Accelerated Plus ETF - April

XTAP
$--
Today’s Change
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Snapshot
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Inception Date
Apr 01 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$14,947
AUM
$3,161,250
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 03/31/2023 3.59 C
99.97%
n/a
Cash & Other
0.03%
n/a
SPY 03/31/2023 477.97 C
0.00%
n/a
SPY 03/31/2023 451.64 C
0.00%
Invest with XTAP

What is XTAP?

The U.S. Equity Accelerated Plus ETF seeks to provide triple (3x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over an annual outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period.

ETFs related toXTAP

ETFs correlated to XTAP include CVLC, LCTU, SPUU

XTAP
Innovator ETFs Trust - Innovator U.S. Equity Accelerated Plus ETF - April
CVLC
Morgan Stanley ETF Trust - Calvert US Large-Cap Core Responsible Index ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
SCHK
Schwab Strategic Trust - Schwab 1000 Index ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF

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

XTAP is a US Equities ETF. The U.S. Equity Accelerated Plus ETF seeks to provide triple (3x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over an annual outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period.

XTAP tracks the SPDR S&P 500 ETF Trust.

No, XTAP 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, XTAP 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 XTAP is -0.0171%. This is the percent change in the value of XTAP over the most recent 1-month period. The 3-month return on XTAP is 0.0381%. This is the percent change in the value of XTAP over the most recent 3-month period.

The standard deviation of XTAP for the past year is 0.2495%. 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 XTAP include BUFR, FFEB, and DAUG.

ETFs correlated to XTAP include CVLC, LCTU, and SPUU.

ETFs that are inversely correlated to XTAP include SPXS, SDS, and SH.

Yes, XTAP is a Leveraged (3x) ETF: This means that XTAP will try to match the performance of SPDR S&P 500 ETF Trust, but with 3x the returns.

Yes, XTAP is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of SPDR S&P 500 ETF Trust, but move 3x in the opposite direction.

Disclaimers

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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.