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MPDB vs XTAP

m+ DynaBuffer ETF

MPDB—Cboe

Innovator U.S. Equity Accelerated Plus ETF

XTAPBCboe

Overlap

Expense ratio

MPDB −0.09pt a year

MPDB0.70%XTAP0.79%

Avg volume · 30D

MPDB 7.1×the volume

MPDB10.4KXTAP1.47K

MPDB vs XTAP Performance

Sep 30, 2026 – Oct 30, 2026

−0.4%MPDB+0.1%XTAP

Sep 30, 2026 to Oct 30, 2026. MPDB −0.4%. XTAP +0.1%. Use the arrow keys to read each point.−0.75%−0.25%0.25%0.5%0.75%Sep 30Oct 15Oct 30
Expense ratio
MPDB 0.70%, better
XTAP 0.79%
Fund size
MPDB $11M
XTAP $19M
1Y total return
MPDB No data
XTAP +17.3%
Holdings
MPDB 3
XTAP 5
Avg volume (30D)
MPDB 10.4K sh, better
XTAP 1.47K sh
NAV per share
MPDB $24.87
XTAP $46.72
52W range

ETF.net Grade

  • —MPDBNot yet graded
XTAP: Cost 63, Risk 88, Mission not scored, Tradability 45, Holdings 57, Durability 70.
Pillar letters and Scores for MPDB, XTAP, with each pillar’s weight
PillarMPDBXTAP
Cost30% weightNot scoredB63
Mission25% weightNot scoredNot scored
Risk15% weightNot scoredA88
Tradability15% weightNot scoredC45
Holdings10% weightNot scoredB57
Durability5% weightNot scoredA70

Rank among S&P 500 Accelerated funds

How we build Categories ›

S&P 500 Accelerated⁠

Category · 12 funds
See all 12 ›

XTAP ranks 2nd of 12 funds in the S&P 500 Accelerated Category.

  1. Rank 1ATWOXiShares Large Cap Accelerated Outcome ETFScore 74
  2. Rank 2BXTAPInnovator U.S. Equity Accelerated Plus ETFScore 65
  3. Rank 3BXDSQInnovator U.S. Equity Accelerated ETFScore 61
  4. MPDBNot yet graded

Our read on each fund

ETF.net Research

MPDB—m+ DynaBuffer ETF

XTAPBInnovator U.S. Equity Accelerated Plus ETF

In short

MPDB 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

MPDB 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

MPDB 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

MPDB 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 MPDB profile⁠

Full XTAP profile⁠

MPDB vs 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.

MPDB vs XTAP Cost

Overpaying XTAP vs MPDB

$1,568

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

  • MPDB 0.70%

    $13,606

  • XTAP 0.79%

    $15,174

$10,000
30 years

Cost over time

  • MPDB 0.70%
  • XTAP 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530XTAP $15,174MPDB $13,606

Year by year

YearMPDBXTAPOverpaying
10$1,250$1,405$155
20$4,760$5,331$571
30$13,606$15,174$1,568

Expense ratio

  • 0.70%MPDB, cheaper
  • 0.79%XTAP
  • Middle half of S&P 500 Accelerated funds
  • Median 0.79%

MPDB 2nd cheapest of 12 funds

XTAP 3rd cheapest of 12 funds

MPDB vs XTAP Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
MPDB None
XTAP None

Distribution history

MPDBAll MPDB payments⁠

No distribution history available.

XTAPAll XTAP payments⁠

No distribution history available.

MPDB vs XTAP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MPDB No dataXTAP 6.8%
Return per unit of riskSharpe ratio, 3 years
MPDB No dataXTAP 1.97
Worst fallMax drawdown, 5 years
MPDB No dataXTAP −22.1%
Market sensitivityBeta, 5 years
MPDB 0.00XTAP 0.48

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