DGAP vs XTAP: Grades, Fees and Holdings Compared

FT Vest U.S. Equity Buffer & Digital Return ETF - April

DGAPCCboe

Innovator U.S. Equity Accelerated Plus ETF

XTAPBCboe

Overlap

0.0%by weight

Expense ratio

XTAP −0.06pt a year

DGAP0.85%XTAP0.79%

Avg volume · 30D

DGAP 1.3×the volume

DGAP1.81KXTAP1.43K

DGAP vs XTAP Performance

Aug 7, 2026 – Nov 9, 2026

+1.2%DGAP+1.4%XTAP

Expense ratio: DGAP 0.85%; XTAP 0.79%, better
Fund size: DGAP $8M; XTAP $19M
1Y total return: DGAP No data; XTAP +17.8%
Holdings: DGAP 4; XTAP 5
Avg volume (30D): DGAP 1.81K sh, better; XTAP 1.43K sh
NAV per share: DGAP $31.01; XTAP $46.32
52W range

ETF.net Grade

Pillar letters and Scores for DGAP, XTAP, with each pillar’s weight
Pillar	DGAP	XTAP
Cost30% weight	F24	B63Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A91Higher	A86
Tradability15% weight	D31	C50Higher
Holdings10% weight	Not scored	B57
Durability5% weight	D31	A70Higher

Rank among S&P 500 Accelerated funds

How we build Categories ›

Same Category. DGAP and XTAP are both graded against the same 12 S&P 500 Accelerated funds, so their Grades compare head to head.

S&P 500 Accelerated⁠

Category · 12 funds

See all 12 ›

XTAP ranks 3rd and DGAP 8th of 12 funds in the S&P 500 Accelerated Category.

Rank 1ATWOXiShares Large Cap Accelerated Outcome ETFScore 68
Rank 2BMPDBm+ DynaBuffer ETFScore 67
Rank 3BXTAPInnovator U.S. Equity Accelerated Plus ETFScore 65
Rank 4BXTJAInnovator U.S. Equity Accelerated Plus ETFScore 62
Rank 7BXUSPInnovator Uncapped Accelerated U.S. Equity ETFScore 57
Rank 8CDGAPFT Vest U.S. Equity Buffer & Digital Return ETF - AprilScore 41
Rank 9DUXAPFT Vest U.S. Equity Uncapped Accelerator ETF - AprilScore 32

Our read on each fund

ETF.net Research

DGAPCFT Vest U.S. Equity Buffer & Digital Return ETF - April

XTAPBInnovator U.S. Equity Accelerated Plus ETF

In short

DGAP No data

XTAP Most 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

DGAP No data

XTAP 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

DGAP No data

XTAP 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

DGAP No data

XTAP 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.

Full DGAP profile⁠

Full XTAP profile⁠

DGAP vs XTAP Holdings

How DGAP and XTAP differ

Overlap by weight

0.0%

About this figure: DGAP holds other funds. We compare those funds, not the stocks inside them.

XTAP holds other funds. We compare those funds, not the stocks inside them.

Level by level

Holdings0 in both0.0%
Sector11 Sectors97.8%
Countryby domicile99.97%

Sector

Sector weights in DGAP and XTAP, widest gap first
Sector	Gap	DGAP	XTAP
Technology	XTAP +1.1 points	39.4%	40.5%
Communication	XTAP +1.1 points	8.9%	9.9%
Financials	DGAP +0.6 points	11.7%	11.1%
Health Care	DGAP +0.5 points	9.8%	9.3%
Consumer Discretionary	DGAP +0.3 points	9.1%	8.8%
Energy	DGAP +0.3 points	3.7%	3.4%
Consumer Staples	DGAP +0.3 points	4.6%	4.3%
Utilities	DGAP +0.1 points	2.0%	1.9%
Industrials	XTAP +0.1 points	7.5%	7.5%
Real Estate	Same weight	1.7%	1.7%
Materials	XTAP +0.1 points	1.5%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in DGAP and XTAP, widest gap first
Country	Gap	DGAP	XTAP
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	XTAP +0.1 points	0.0%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

DGAP167.1%
XTAP129.0%

Securities held

DGAP3
XTAP4

Asset class

DGAP: Multi-Asset
XTAP: Stocks

Holdings

Only in DGAP3
In both0
Only in XTAP4

Only in DGAP

3 securities, 100% of DGAP by weight

2027-04-16 State Street® SPDR® S&P 500® ETF Trust C 7.0798.11%
2027-04-16 State Street® SPDR® S&P 500® ETF Trust C 621.3465.06%
2027-04-16 State Street® SPDR® S&P 500® ETF Trust P 710.113.27%

Only in XTAP

4 securities, 100% of XTAP by weight

Vanguard S&P 500 ETF99.19%
Voo 03/31/2027 597.57 C29.02%
Voo 03/31/2027 621.47 C0.25%
Us Bank Mmda - Usbgfs 9 09/01/20370.05%

Weight gaps

DGAP and XTAP share no securities.

All 6 DGAP holdings⁠All 5 XTAP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DGAP vs XTAP Cost

Overpaying DGAP vs XTAP

$1,025

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

DGAP 0.85%
$16,199
XTAP 0.79%
$15,174

Amount$10,000

Years30 years

Cost over time

DGAP 0.85%
XTAP 0.79%
Overpaying

Year by year

Year	DGAP	XTAP	Overpaying
10	$1,508	$1,405	$103
20	$5,706	$5,331	$375
30	$16,199	$15,174	$1,025

Expense ratio

0.85%DGAP
0.79%XTAP, cheaper

XTAP0.79%DGAP0.85%

0.53%0.95%

Middle half of S&P 500 Accelerated funds
Median 0.79%

XTAP 3rd cheapest of 12 funds

DGAP 8th cheapest of 12 funds

DGAP vs XTAP Dividends

Last 12 months to Nov 9, 2026

Payout (12M): DGAP None; XTAP None

Distribution history

DGAPAll DGAP payments⁠

No distribution history available.

XTAPAll XTAP payments⁠

No distribution history available.

DGAP vs XTAP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DGAP No dataXTAP 6.8%
Return per unit of riskSharpe ratio, 3 years: DGAP No dataXTAP 1.97
Worst fallMax drawdown, 5 years: DGAP No dataXTAP −22.1%
Market sensitivityBeta, 5 years: DGAP 0.21XTAP 0.48; Market = 1

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