XTAP vs TMNL
Comparison between Innovator U.S. Equity Accelerated Plus ETF - April (XTAP, ETF) and T. ROWE PRICE LONG MUNICIPAL INCOME ETF (TMNL, ETF).
XTAP vs TMNL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XTAP
$23M
TMNL
$23M
Expense Ratio
XTAP
0.79%
Winner
TMNL
0.26%
Max Drawdown
XTAP
22.13%
Winner
TMNL
3.18%
Sharpe Ratio
Winner
XTAP
2.89
TMNL
0.30
5Y Beta
XTAP
0.64
Winner
TMNL
0.13
XTAP vs TMNL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
XTAP
+0.75%
TMNL
+0.73%
3M
Winner
XTAP
+9.38%
TMNL
+1.60%
6M
Winner
XTAP
+11.22%
TMNL
+2.75%
1Y
XTAP
+19.31%
TMNL
N/A
5Y(CAGR)
XTAP
+10.81%
TMNL
N/A
Max(CAGR)
Winner
XTAP
+11.35%
TMNL
+4.89%
XTAP vs TMNL - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | XTAP | TMNL |
|---|---|---|
| 2026 | +10.41% | +2.28% |
| 2025 | +17.56% | +0.34% |
| 2024 | +14.34% | N/A |
| 2023 | +24.12% | N/A |
| 2022 | -14.77% | N/A |
| 2021 | +11.87% | N/A |
XTAP vs TMNL Drawdown Comparison
The maximum drawdown for XTAP was -22.13%, occurring on Sep 30, 2022. Recovery took 406 trading sessions.
The maximum drawdown for TMNL was -2.94%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The current XTAP drawdown is -0.68%. The current TMNL drawdown is -0.18%.
| Rank | XTAP | TMNL |
|---|---|---|
| #1 | -22.13% Apr 4, 2022 - Nov 14, 2023 | -2.94% Feb 26, 2026 - Jun 1, 2026 |
| #2 | -11.83% Apr 2, 2025 - May 12, 2025 | -0.56% Nov 26, 2025 - Jan 5, 2026 |
| #3 | -6.40% Jul 16, 2024 - Aug 19, 2024 | -0.54% Jan 14, 2026 - Jan 30, 2026 |
| #4 | -4.54% Jan 12, 2022 - Mar 17, 2022 | -0.44% Jun 4, 2026 - Jun 10, 2026 |
| #5 | -4.52% Mar 27, 2024 - May 9, 2024 | -0.25% Jan 9, 2026 - Jan 14, 2026 |
| #6 | -3.96% Feb 20, 2025 - Mar 24, 2025 | -0.22% Feb 10, 2026 - Feb 12, 2026 |
| #7 | -3.35% May 7, 2021 - May 27, 2021 | -0.20% Jun 2, 2026 - Jun 4, 2026 |
| #8 | -3.06% Aug 30, 2024 - Sep 19, 2024 | -0.16% Jan 7, 2026 - Jan 9, 2026 |
| #9 | -2.63% Sep 3, 2021 - Oct 15, 2021 | -0.15% Feb 5, 2026 - Feb 9, 2026 |
| #10 | -2.38% Nov 16, 2021 - Dec 15, 2021 | -0.08% Feb 2, 2026 - Feb 5, 2026 |
| #11 | -1.92% Jul 9, 2021 - Jul 23, 2021 | -0.08% Feb 24, 2026 - Feb 26, 2026 |
| #12 | -1.72% Jun 2, 2026 - Jun 10, 2026 | -0.05% Nov 20, 2025 - Nov 24, 2025 |
| #13 | -1.71% May 16, 2025 - Jun 3, 2025 | -0.03% Feb 17, 2026 - Feb 19, 2026 |
| #14 | -1.42% Nov 12, 2025 - Nov 25, 2025 | -0.01% Feb 19, 2026 - Feb 24, 2026 |
| #15 | -1.41% Dec 11, 2024 - Dec 24, 2024 | N/A |
Correlation
Correlation between XTAP and TMNL is 0.75 which considered as a strong positive correlation - the stocks tend to move together.
0.75
-101
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