Innovator U.S. Equity Accelerated Plus ETF
$47.09−0.01 (−0.01%)
- 0.79%
- $19M
- +19.8%
- 0M sh
- $47.10
- low $39.38high $47.13
The ETF.net XTAP Grade
B
Score 60 out of 100
- 2 of 12
Score 60 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.B55 out of 100Rank 4 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A87 out of 100Rank 2 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 8 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 3 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 4 of 12
Our read on XTAP
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.
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
- Stocks
- 5
- 143%
- VOO
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 States100.00%
XTAP Performance
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$11,976
Returns run to the Oct 12, 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.
| Period | XTAP |
|---|---|
| Year to date | +15.8% |
| 1 month | +1.2% |
| 3 months | +3.3% |
| 1 year | +19.8% |
| 3 years | +18.3% |
| 5 years | +11.3% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XTAP |
|---|---|---|
| 2026 YTD | +15.8% | |
| 2025 | +17.6% | |
| 2024 | +14.2% | |
| 2023 | +23.5% | |
| 2022 | −14.7% | |
| 2021 | +11.9% |
XTAP in the news
XTAP Dividends
No distributions in the last 12 months.
XTAP Risk
- 6.9%
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.
- 1.86
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.
- −22.1%
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.
- 0.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XTAP Cost
0.79%
XTAP0.79%
- The middle half of S&P 500 Accelerated funds
- Median 0.79%
3 of the 12 S&P 500 Accelerated funds charge less.
Other funds in S&P 500 Accelerated
- BTWOXiShares Trust - iShares Large Cap Accelerated Outcome ETFExpense ratio 0.53%1 year return +16.5%
- BXTJAInnovator U.S. Equity Accelerated Plus ETFExpense ratio 0.79%1 year return +16.2%
- BXDSQInnovator U.S. Equity Accelerated ETFExpense ratio 0.79%1 year return +16.1%
- BXTOCInnovator U.S. Equity Accelerated Plus ETFExpense ratio 0.79%1 year return +17.8%
- CXUSPInnovator Uncapped Accelerated U.S. Equity ETFExpense ratio 0.79%1 year return +20.7%