Innovator U.S. Equity Accelerated Plus ETF

Frequently Asked Questions About XTAP

What does XTAP invest in?

The Innovator U.S. Equity Accelerated Plus ETF aims to deliver enhanced exposure to the S&P 500 index. Specifically, it is structured to provide three times (3x) the positive returns of the SPDR S&P 500 ETF Trust (SPY), though these gains are subject to a predefined maximum or "cap." Conversely, it strives to maintain a downside risk profile that is roughly equivalent to that of the underlying index, targeting approximately one-to-one exposure to losses. These specific performance objectives are measured and reset at the end of each annual period. Investors are able to hold this ETF for an extended duration, with its investment characteristics recalibrating annually.

What is the expense ratio of XTAP?

Innovator U.S. Equity Accelerated Plus ETF (XTAP) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is XTAP?

Innovator U.S. Equity Accelerated Plus ETF (XTAP) manages $18.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is XTAP actively managed or an index fund?

XTAP is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (XTAP's is 0.79%) in exchange for the discretion to over- or under-weight positions.

When was XTAP launched?

Innovator U.S. Equity Accelerated Plus ETF (XTAP) launched in April 2021 and is managed by Innovator.

How has XTAP performed?

XTAP's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.