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UXAP vs XTAP

FT Vest U.S. Equity Uncapped Accelerator ETF - April

UXAPDCboe

Innovator U.S. Equity Accelerated Plus ETF

XTAPBCboe

Overlap

Expense ratio

XTAP −0.06pt a year

UXAP0.85%XTAP0.79%

Avg volume · 30D

XTAP 1.1×the volume

UXAP1.3KXTAP1.47K

UXAP vs XTAP Performance

Oct 31, 2025 – Oct 30, 2026

+10.6%UXAP+17.3%XTAP

Oct 31, 2025 to Oct 30, 2026. UXAP +10.6%. XTAP +17.3%. Use the arrow keys to read each point.−10%−5%0%5%Oct 2025Apr 2026Oct 2026
Expense ratio
UXAP 0.85%
XTAP 0.79%, better
Fund size
UXAP $13M
XTAP $19M
1Y total return
UXAP +10.6%
XTAP +17.3%, better
Holdings
UXAP 3
XTAP 5
Avg volume (30D)
UXAP 1.3K sh
XTAP 1.47K sh, better
NAV per share
UXAP $43.18
XTAP $46.72
52W range

ETF.net Grade

UXAP: Cost 24, Risk 29, Mission not scored, Tradability 39, Holdings not scored, Durability 52. XTAP: Cost 63, Risk 88, Mission not scored, Tradability 45, Holdings 57, Durability 70.
Pillar letters and Scores for UXAP, XTAP, with each pillar’s weight
PillarUXAPXTAP
Cost30% weightF24B63Higher
Mission25% weightNot scoredNot scored
Risk15% weightD29A88Higher
Tradability15% weightD39C45Higher
Holdings10% weightNot scoredB57
Durability5% weightC52A70Higher

Rank among S&P 500 Accelerated funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. UXAP 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 2nd and UXAP 8th 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. Rank 7DDGAPFT Vest U.S. Equity Buffer & Digital Return ETF - AprilScore 39
  5. Rank 8DUXAPFT Vest U.S. Equity Uncapped Accelerator ETF - AprilScore 30
  6. Rank 9DUXJAFT Vest U.S. Equity Uncapped Accelerator ETF - JanuaryScore 28

Our read on each fund

ETF.net Research

UXAPDFT Vest U.S. Equity Uncapped Accelerator ETF - April

XTAPBInnovator U.S. Equity Accelerated Plus ETF

In short

UXAP 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

UXAP 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

UXAP 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

UXAP 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 UXAP profile⁠

Full XTAP profile⁠

UXAP 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.

UXAP vs XTAP Cost

Overpaying UXAP vs XTAP

$1,025

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

  • UXAP 0.85%

    $16,199

  • XTAP 0.79%

    $15,174

$10,000
30 years

Cost over time

  • UXAP 0.85%
  • 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$20K051015202530UXAP $16,199XTAP $15,174

Year by year

YearUXAPXTAPOverpaying
10$1,508$1,405$103
20$5,706$5,331$375
30$16,199$15,174$1,025

Expense ratio

  • 0.85%UXAP
  • 0.79%XTAP, cheaper
  • Middle half of S&P 500 Accelerated funds
  • Median 0.79%

XTAP 3rd cheapest of 12 funds

UXAP 8th cheapest of 12 funds

UXAP vs XTAP Dividends

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

Distribution history

UXAPAll UXAP payments⁠

No distribution history available.

XTAPAll XTAP payments⁠

No distribution history available.

UXAP vs XTAP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
UXAP 13.8%since May 2025XTAP 6.8%
Return per unit of riskSharpe ratio, 3 years
UXAP 1.38since May 2025XTAP 1.97
Worst fallMax drawdown, 5 years
UXAP −10.4%since Apr 2025XTAP −22.1%
Market sensitivityBeta, 5 years
UXAP 1.14XTAP 0.48

Popular comparisons

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    FT Vest U.S. Equity Uncapped Accelerator ETF - April · iShares Large Cap Accelerated Outcome ETF

    Expense ratio
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  • XTAPBvsTWOXA

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    Expense ratio
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    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XTAPBvsXTJAB

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    Expense ratio
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    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.