Innovator U.S. Equity Accelerated Plus ETF (XTAP)
Innovator U.S. Equity Accelerated Plus ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $46.31, up 0.15% on the session, giving a market capitalisation of $30.0M. Its beta of 0.48 implies it has historically moved less than the broad market.
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.
Innovator U.S. Equity Accelerated Plus ETF is most often compared with the following Financial Services names: