XBAP vs FNGG

Comparison between Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP, ETF) and DIREXION DAILY NYSE FANG+ BULL 2X SHARES (FNGG, ETF).

5-Year PerformanceXBAP has outperformed FNGG, delivering a return of +9.7% compared to +1.3%

XBAP vs FNGG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XBAP(ETF)	FNGG(ETF)
Net Assets	$132M	$131M
Expense Ratio	0.79%	N/A
Max Drawdown	14.57%	91.69%
Sharpe Ratio	2.86	0.81
5Y Beta	0.45	2.82

Net Assets

Winner

XBAP

$132M

FNGG

$131M

Expense Ratio

XBAP

0.79%

FNGG

N/A

Max Drawdown

Winner

XBAP

14.57%

FNGG

91.69%

Sharpe Ratio

Winner

XBAP

2.86

FNGG

0.81

5Y Beta

Winner

XBAP

0.45

FNGG

2.82

XBAP vs FNGG - Historical Returns

Returns include dividend reinvestment.

Period	XBAP	FNGG
1 month	+0.68%	+3.89%
3 months	+6.58%	+25.54%
6 months	+8.28%	+0.08%
1 year	+15.04%	+32.80%
5 years(CAGR)	+9.66%	+1.33%
Max(CAGR)	+9.85%	+1.33%

XBAP

+0.68%

Winner

FNGG

+3.89%

XBAP

+6.58%

Winner

FNGG

+25.54%

Winner

XBAP

+8.28%

FNGG

+0.08%

XBAP

+15.04%

Winner

FNGG

+32.80%

5Y(CAGR)

Winner

XBAP

+9.66%

FNGG

+1.33%

Max(CAGR)

Winner

XBAP

+9.85%

FNGG

+1.33%

XBAP vs FNGG - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	XBAP	FNGG
2026	+7.41%	+14.53%
2025	+13.40%	+25.92%
2024	+11.71%	+109.39%
2023	+20.79%	+214.56%
2022	-7.76%	-87.38%
2021	+7.48%	-2.82%

XBAP vs FNGG Drawdown Comparison

The maximum drawdown for XBAP was -14.57%, occurring on Oct 12, 2022. Recovery took 268 trading sessions.

The maximum drawdown for FNGG was -91.31%, occurring on Jan 5, 2023. This drawdown has not yet recovered.

The current XBAP drawdown is -0.86%. The current FNGG drawdown is -17.86%.

Rank	XBAP	FNGG
#1	-14.57% Apr 4, 2022 - Apr 28, 2023	-91.31% Nov 16, 2021 - Jan 5, 2023
#2	-8.25% Apr 2, 2025 - May 12, 2025	-5.74% Oct 1, 2021 - Oct 7, 2021
#3	-4.59% Jul 16, 2024 - Aug 19, 2024	-5.42% Nov 9, 2021 - Nov 12, 2021
#4	-4.22% Sep 14, 2023 - Nov 8, 2023	-4.65% Oct 21, 2021 - Nov 1, 2021
#5	-3.22% Feb 19, 2025 - Mar 24, 2025	-3.01% Oct 7, 2021 - Oct 13, 2021
#6	-3.20% Apr 1, 2024 - May 9, 2024	-2.41% Nov 4, 2021 - Nov 9, 2021
#7	-2.54% Jan 11, 2022 - Mar 18, 2022	-1.20% Oct 19, 2021 - Oct 21, 2021
#8	-2.34% May 7, 2021 - May 28, 2021	-0.72% Nov 1, 2021 - Nov 3, 2021
#9	-2.14% Aug 30, 2024 - Sep 19, 2024	-0.66% Nov 12, 2021 - Nov 16, 2021
#10	-1.76% Jul 28, 2023 - Aug 30, 2023	N/A
#11	-1.54% Nov 16, 2021 - Dec 8, 2021	N/A
#12	-1.47% Apr 28, 2023 - May 17, 2023	N/A
#13	-1.45% Sep 3, 2021 - Oct 15, 2021	N/A
#14	-1.45% Jul 2, 2021 - Jul 23, 2021	N/A
#15	-1.42% May 19, 2025 - Jun 2, 2025	N/A