XBAP vs JPXN

Comparison between Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP, ETF) and ISHARES JPX-NIKKEI 400 ETF (JPXN, ETF).

5-Year PerformanceXBAP has outperformed JPXN, delivering a return of +9.5% compared to +8.7%

XBAP vs JPXN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XBAP(ETF)	JPXN(ETF)
Net Assets	$134M	$134M
Expense Ratio	0.79%	0.48%
Max Drawdown	14.57%	56.49%
Sharpe Ratio	2.55	1.26
5Y Beta	0.45	0.82
5Y Dividends CAGR	N/A	17.54%

Net Assets

XBAP

$134M

JPXN

$134M

Expense Ratio

XBAP

0.79%

Winner

JPXN

0.48%

Max Drawdown

Winner

XBAP

14.57%

JPXN

56.49%

Sharpe Ratio

Winner

XBAP

2.55

JPXN

1.26

5Y Beta

Winner

XBAP

0.45

JPXN

0.82

5Y Dividends CAGR

XBAP

N/A

JPXN

17.54%

XBAP vs JPXN - Historical Returns

Returns include dividend reinvestment.

Period	XBAP	JPXN
1 month	+0.76%	-1.37%
3 months	+2.58%	+4.17%
6 months	+8.09%	+7.57%
1 year	+13.16%	+23.23%
5 years(CAGR)	+9.52%	+8.68%
10 years(CAGR)	N/A	+8.74%
Max(CAGR)	+9.78%	+5.30%

Winner

XBAP

+0.76%

JPXN

-1.37%

XBAP

+2.58%

Winner

JPXN

+4.17%

Winner

XBAP

+8.09%

JPXN

+7.57%

XBAP

+13.16%

Winner

JPXN

+23.23%

5Y(CAGR)

Winner

XBAP

+9.52%

JPXN

+8.68%

10Y(CAGR)

XBAP

N/A

JPXN

+8.74%

Max(CAGR)

Winner

XBAP

+9.78%

JPXN

+5.30%

XBAP vs JPXN - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	XBAP	JPXN
2026	+8.41%	+12.26%
2025	+13.40%	+26.24%
2024	+11.71%	+7.51%
2023	+20.79%	+19.38%
2022	-7.76%	-16.26%
2021	+7.48%	+1.29%
2020	N/A	+13.93%
2019	N/A	+18.54%
2018	N/A	-15.31%
2017	N/A	+24.39%
2016	N/A	+4.90%
2015	N/A	+10.41%
2014	N/A	-5.18%
2013	N/A	+21.40%
2012	N/A	+9.44%
2011	N/A	-17.23%
2010	N/A	+11.09%
2009	N/A	+2.75%
2008	N/A	-27.57%
2007	N/A	-6.43%
2006	N/A	+5.08%
2005	N/A	+24.52%
2004	N/A	+11.06%
2003	N/A	+35.19%
2002	N/A	-9.93%
2001	N/A	-10.01%

XBAP vs JPXN Drawdown Comparison

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

The maximum drawdown for JPXN was -55.53%, occurring on Mar 9, 2009. Recovery took 2783 trading sessions.

The current XBAP drawdown is -0.61%. The current JPXN drawdown is -4.91%.

Rank	XBAP	JPXN
#1	-14.57% Apr 4, 2022 - Apr 28, 2023	-55.53% May 9, 2006 - May 30, 2017
#2	-8.25% Apr 2, 2025 - May 12, 2025	-33.49% May 24, 2002 - Oct 3, 2003
#3	-4.59% Jul 16, 2024 - Aug 19, 2024	-33.20% Sep 15, 2021 - Mar 6, 2024
#4	-4.22% Sep 14, 2023 - Nov 8, 2023	-31.62% Jan 26, 2018 - Nov 9, 2020
#5	-3.22% Feb 19, 2025 - Mar 24, 2025	-19.95% Oct 26, 2001 - Mar 7, 2002
#6	-3.20% Apr 1, 2024 - May 9, 2024	-19.35% Apr 5, 2004 - Sep 1, 2005
#7	-2.54% Jan 11, 2022 - Mar 18, 2022	-13.95% Sep 26, 2024 - May 5, 2025
#8	-2.34% May 7, 2021 - May 28, 2021	-13.11% Feb 11, 2026 - Jun 18, 2026
#9	-2.14% Aug 30, 2024 - Sep 19, 2024	-11.60% Jul 16, 2024 - Aug 23, 2024
#10	-1.76% Jul 28, 2023 - Aug 30, 2023	-10.81% Oct 21, 2003 - Jan 2, 2004
#11	-1.54% Nov 16, 2021 - Dec 8, 2021	-9.79% Mar 11, 2002 - May 17, 2002
#12	-1.47% Apr 28, 2023 - May 17, 2023	-8.85% Feb 17, 2021 - Sep 3, 2021
#13	-1.45% Sep 3, 2021 - Oct 15, 2021	-7.46% Jan 9, 2006 - Mar 20, 2006
#14	-1.45% Jul 2, 2021 - Jul 23, 2021	-6.96% Mar 21, 2024 - Jul 10, 2024
#15	-1.42% May 19, 2025 - Jun 2, 2025	-6.89% Sep 29, 2005 - Nov 7, 2005