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Innovator U.S. Equity Accelerated Plus ETF - January

XTJA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 31 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$34,946
AUM
$10,857,000
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
SPY 12/29/2023 3.79 C
96.74%
n/a
SPY 12/29/2023 382.42 C
21.12%
n/a
Cash & Other
-0.01%
n/a
SPY 12/29/2023 411.92 C
-17.85%
Invest with XTJA

What is XTJA?

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. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

ETFs related toXTJA

ETFs correlated to XTJA include BMAR, SPUU, IVV

XTJA
Innovator ETFs Trust - Innovator U.S. Equity Accelerated Plus ETF - January
BMAR
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - March
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
FMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - March
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
VOO
Vanguard Group, Inc. - Vanguard 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.

Automated Strategies
Related toXTJA

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with XTJA using Composer

FAQ

XTJA 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. Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of downside exposure. The ETFs are as tax-efficient as traditional ETFs due to a recent rule change allowing the in-kind trading of options.

XTJA tracks the SPDR S&P 500 ETF Trust.

No, XTJA 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, XTJA 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 XTJA is -0.0057%. This is the percent change in the value of XTJA over the most recent 1-month period. The 3-month return on XTJA is 0.0556%. This is the percent change in the value of XTJA over the most recent 3-month period.

The standard deviation of XTJA for the past year is 0.239%. 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 XTJA include BUFR, BALT, and FFEB.

ETFs correlated to XTJA include BMAR, SPUU, and IVV.

ETFs that are inversely correlated to XTJA include SH, SPXS, and SPDN.

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

Yes, XTJA 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

*

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.