ZTAX vs TFJL
Comparison between X-Square Municipal Income Tax Free ETF (ZTAX, ETF) and Innovator 20+ Year Treasury Bond 5 Floor ETF - July (TFJL, ETF).
ZTAX vs TFJL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ZTAX
$7.20M
Winner
TFJL
$7.30M
Expense Ratio
ZTAX
0.92%
Winner
TFJL
0.79%
Max Drawdown
Winner
ZTAX
19.10%
TFJL
25.45%
Sharpe Ratio
Winner
ZTAX
0.20
TFJL
-0.93
5Y Beta
Winner
ZTAX
-0.14
TFJL
-0.00
ZTAX vs TFJL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ZTAX
+1.93%
TFJL
-4.33%
3M
Winner
ZTAX
+3.44%
TFJL
-3.45%
6M
Winner
ZTAX
+2.03%
TFJL
-4.84%
1Y
Winner
ZTAX
+8.15%
TFJL
-3.67%
5Y(CAGR)
ZTAX
N/A
TFJL
-4.20%
Max(CAGR)
Winner
ZTAX
+6.10%
TFJL
-4.56%
ZTAX vs TFJL - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | ZTAX | TFJL |
|---|---|---|
| 2026 | +1.26% | -4.14% |
| 2025 | -1.04% | -0.78% |
| 2024 | +6.88% | -6.62% |
| 2023 | +9.11% | +7.15% |
| 2022 | N/A | -16.32% |
| 2021 | N/A | -1.33% |
| 2020 | N/A | -1.98% |
ZTAX vs TFJL Drawdown Comparison
The maximum drawdown for ZTAX was -15.33%, occurring on Apr 10, 2025. Recovery took 493 trading sessions.
The maximum drawdown for TFJL was -25.45%, occurring on Oct 25, 2023. This drawdown has not yet recovered.
The current ZTAX drawdown is -9.01%. The current TFJL drawdown is -24.42%.
| Rank | ZTAX | TFJL |
|---|---|---|
| #1 | -15.33% Jun 21, 2024 - Jun 10, 2026 | -25.45% Sep 8, 2020 - Oct 25, 2023 |
| #2 | -11.90% Jul 25, 2023 - Mar 13, 2024 | -1.49% Aug 24, 2020 - Sep 8, 2020 |
| #3 | -11.26% Jun 16, 2026 - Jul 10, 2026 | -0.18% Aug 18, 2020 - Aug 24, 2020 |
| #4 | -9.50% Jun 10, 2026 - Jun 16, 2026 | N/A |
| #5 | -8.04% May 25, 2023 - Jun 8, 2023 | N/A |
| #6 | -7.38% Jun 17, 2024 - Jun 21, 2024 | N/A |
| #7 | -6.42% Jun 21, 2023 - Jul 24, 2023 | N/A |
| #8 | -5.83% Apr 24, 2024 - Jun 11, 2024 | N/A |
| #9 | -4.44% Apr 15, 2024 - Apr 24, 2024 | N/A |
| #10 | -4.41% Jun 8, 2023 - Jun 21, 2023 | N/A |
| #11 | -3.88% Jun 11, 2024 - Jun 17, 2024 | N/A |
| #12 | -2.10% Mar 22, 2024 - Mar 28, 2024 | N/A |
| #13 | -1.76% Mar 28, 2024 - Apr 8, 2024 | N/A |
| #14 | -1.30% Apr 8, 2024 - Apr 15, 2024 | N/A |
| #15 | -0.54% May 22, 2023 - May 24, 2023 | N/A |
Correlation
Correlation between ZTAX and TFJL is -0.04 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.04
-101
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