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Launched

Innovator U.S. Equity Accelerated Plus ETF

XTAPCboeInnovatorB

$46.74−0.09 (−0.19%)

As of Nov 2, 2026, 3:59 PM ET

B65/ 100

Rank 2 of 12 in S&P 500 Accelerated

B65/100Rank 2 of 12inS&P 500 Accelerated
Intraday session: down, 78 prints from 46.83 to 46.74. Range 46.74 to 47.05. Use the arrow keys to read each point.46.9046.9547.0047.0510 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$19M
1Y total return
+17.3%
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
1.47K sh
52W range
low $39.48high $47.13
Launched

The ETF.net XTAP Grade

Based on 5 of 6 pillars

B

Score 65 out of 100

Category
S&P 500 Accelerated⁠
Rank
2 of 12
Six-pillar profile for XTAP. Scores out of 100: Cost 63, Risk 88, Mission not scored, Tradability 45, Holdings 57, Durability 70. Strongest: Risk (88). Weakest: Tradability (45). Based on 5 of 6 pillars.

Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B63 out of 100
    Rank 3 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A88 out of 100
    Rank 2 of 11

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 7 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 2 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 4 of 12

Our read on XTAP

ETF.net Research

In short

BMost equity funds hand you the market's move. XTAP aims to triple the S&P 500's gain over an April-to-March year, up to a cap, while taking declines roughly one for one. No buffer, no daily reset: you trade a ceiling for acceleration.

Stated mandate

The fund seeks three times the increase of its S&P 500-tracking Underlying ETF over the annual April 1–March 31 outcome period, subject to a cap. It bears Underlying ETF losses one-for-one and provides no buffer; the current period is April 1, 2026 through March 31, 2027, with a 19.47% pre-fee cap.

Why people hold it

  • Triples the index's upside to a cap using options that reset each April 1. No daily reset, no compounding drift from holding through a choppy stretch, no borrowed money.innovatoretfs.com
  • At 0.79% it sits at the going rate for accelerated funds and undercuts First Trust's enhance-and-buffer siblings on the same index (XMAR, XJUN) at 0.85%.
  • Live since 2021 and built to roll: the fund resets at the end of each outcome period and can be held straight through, so there is no annual ticker swap.innovatoretfs.com
  • One of the stronger implementations in its accelerated S&P 500 peer group on cost and structure.

Worth knowing

  • The ceiling is the whole bargain. Upside stops at the cap, which is reset for each new period, and mid-period buyers get whatever cap is left rather than the headline number.innovatoretfs.com
  • No buffer here. Index declines land on you roughly one for one, and the outcomes are designed around holding from the first day of the period to the last.innovatoretfs.com
  • A small, lightly traded fund with no distributions in the past year, so wider spreads and a total-return-only profile come with the package.

XTAP Holdings

Holdings pillarB57 out of 100Rank 2 of 5 in S&P 500 Accelerated
Asset class
Stocks
Holdings
5
Top-10 weight
136%
Largest holding
VOO101.1%

Sectors

  • Technology38.7%
  • Financials12.0%
  • Communication9.5%
  • Consumer Discretionary9.3%
  • Health Care9.3%
  • Industrials7.8%
  • Consumer Staples4.5%
  • Energy3.5%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.7%

Geography

  • United States99.53%
  • Switzerland0.25%
  • China0.09%
  • Mexico0.06%
  • Ireland0.04%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1VOOVanguard S&P 500 ETF101.07%27,185$18.9M66
2No dataVoo 03/31/2027 597.57 C34.00%555$6.35M1
3No dataCash & Other0.54%100,434$100K609
4No dataVoo 03/31/2027 621.47 C0.30%6$56K1
5No dataUs Bank Mmda - Usbgfs 9 09/01/20370.05%9,243$9.24K163

Showing 1–5 of 5 holdings

XTAP Performance

Launched Apr 1, 2021

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

Not enough history yet.
XTAP$11,730
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XTAP $11,730. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 XTAP. Periods over one year show the average yearly return.
PeriodXTAP
Year to date+15.1%
1 month+0.1%
3 months+2.3%
1 year+17.3%
3 yearsper year+19.1%
5 yearsper year+10.6%
10 yearsFund is under 10 years oldper yearNo data

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 XTAP
YearReturn barXTAP
2026 YTD+15.1%
2025+17.6%
2024+14.2%
2023+23.5%
2022−14.7%
2021+11.9%

Since listing, Apr 1, 2021

XTAP in the news

XTAP Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

XTAP Risk

Risk pillarA88 out of 100Rank 2 of 11 in S&P 500 Accelerated
How much the fund’s monthly returns vary, scaled to a year.
6.8%
Annualised · 36 months to Oct 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.
1.97
vs 3-month T-bills · to Oct 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.
−22.1%
Trough Sep 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.
0.48
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.

FMP measures it over up to five years of monthly returns.

XTAP Cost

Compare XTAP and TWOX

Overpaying vs TWOX, cheapest in S&P 500 Accelerated

$4,638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XTAP 0.79%

    $15,174

  • TWOX 0.53% Cheapest

    $10,536

$10,000
30 years

Cost over time

  • XTAP 0.79%
  • TWOX 0.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XTAP $15,174TWOX $10,536

Year by year

YearXTAPTWOXOverpaying
10$1,405$953$452
20$5,331$3,658$1,673
30$15,174$10,536$4,638

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