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XDSQ

GradeBChicago Board Options Exchange

Innovator U.S. Equity Accelerated ETF

Accelerated Upside · Innovator · Inception 2021-04-01

$45.13−0.30 (−0.66%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 58 prints from 45.43 to 45.13. Range 45.02 to 45.40. Use the arrow keys to read each point.$45.00$45.20$45.30$45.4010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$75M
1Y return
+14.3%
Yield · Last 12 months
—
Holdings
5
Volume · 30D
0M sh
NAV per share
$44.55
52W range
low $38.37high $45.52

The ETF.net XDSQ Grade

B

58/ 100

Rank 3 of 12 in S&P 500 Accelerated⁠

Confidence Medium

Six-pillar profile for XDSQ. Scores out of 100: Cost 55, Risk 38, Mission not scored, Tradability 80, Holdings 56, Durability 80. Strongest: Tradability (80). Weakest: Risk (38). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank4/12 · top 33%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 38
    Category rank7/11 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 80
    Category rank3/12 · top 25%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 56
    Category rank3/4 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 80
    Category rank1/12 · top 8%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on XDSQ

ETF.net Research

BTwice the upside of its S&P 500 reference fund up to a cap, with roughly the full downside. XDSQ runs that trade on a three-month clock, so the cap resets four times a year instead of once.

Stated mandate

The fund seeks to deliver twice the upside performance of SPY, subject to a cap, while approximately matching SPY's downside over a quarterly outcome period.

Why people hold it

  1. 01Doubles the reference ETF's move up to a cap and tracks its losses roughly one-for-one. Built from FLEX options on the S&P 500 ETF, not borrowed money or a daily reset.innovatoretfs.comsec.gov
  2. 02The outcome period runs three months, so a fresh cap is priced off current market conditions four times a year rather than being locked in for twelve.globenewswire.cominnovatoretfs.com
  3. 03Innovator's Accelerated line pioneered multiple-upside-to-a-cap with roughly single downside exposure, and XDSQ has run the quarterly version of it since 2021.globenewswire.com
  4. 04Costs 0.79% a year, the median for its accelerated-outcome peer group and under the 0.85% on FT Vest's enhance-and-buffer funds XMAR and XJUN.

Worth knowing

  1. 01No buffer here. A fall in the S&P 500 ETF passes through roughly one-for-one, and the doubled upside stops at the cap.innovatoretfs.com
  2. 02The stated outcomes assume holding from the first day of a quarter's period to the last. Buy or sell mid-period and your effective cap and exposure differ.sec.gov
  3. 03The strategy is built on the reference ETF's price return, so S&P 500 dividends do not pass through to shareholders.sec.gov

XDSQ Holdings

As of Sep 22, 2026, 10:01 PM
Asset class
Stocks
Holdings
5
Top-10 weight
101%
Largest holding
VOO97.9%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001VOOVanguard S&P 500 ETF97.87%104,288$74M57
002—VOO 09/30/2026 686.81 C3.52%1,048$3M1
003—US BANK MMDA - USBGFS 9 09/01/20370.05%35,369$35K161
004—VOO 09/30/2026 693.69 C0.01%5$10K1
005—Cash & Other<0.01%2,671$3K674

Showing 1–5 of 5 holdings

XDSQ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XDSQ$11,435
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. XDSQ $11,435. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for XDSQ. Periods over one year show the average yearly return.
PeriodXDSQ
Year to date+9.2%
1 month+2.5%
3 months+5.9%
1 year+14.3%
3 years+17.8%per year
5 years+10.2%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XDSQ
YearReturn barXDSQ
2026 YTD+9.2%
2025+14.2%
2024+23.1%
2023+23.0%
2022−16.8%
2021+12.8%

Since listing, Apr 1, 2021

XDSQ in the news

ETF.net Research hasn’t filed on XDSQ yet — coverage lands here as it’s written.

XDSQ Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

XDSQ Risk

How much the fund’s monthly returns vary, scaled to a year.
11.3%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.90
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−26.1%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.82
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

XDSQ Cost

Expense ratio0.79%
  • The middle half of S&P 500 Accelerated funds
  • Median 0.79%

3 of the 12 S&P 500 Accelerated funds charge less.

XDSQ costs $79.00 a year on $10,000. The median S&P 500 Accelerated fund costs $79.00.