Innovator U.S. Equity Accelerated 9 Buffer… (XBAP) Performance
XBAP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.3% since Dec 31, 2025
- 1 year
- +13.3% total return
- 5 years
- +9.7% a year
- Since first price
- +9.8% a year since 2021
XBAP trailing returns vs SPY, QQQ, AGG
| Period | XBAP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.2% | +0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.4% | +5.4% | +7.8% | +8.4% | −1.5% |
| YTD | +11.3% | +11.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.3% | +13.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +50.3%+14.5%/yr | +50.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +59.1%+9.7%/yr | +59.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 1, 2021 | +68.6%+9.8%/yr | +68.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XBAP vs SPY
From Apr 1, 2021: XBAP grew to $16,858, SPY to $20,414.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XBAP returns by calendar year
3 of 4 full years positive. Best 2023 (+20.5%), worst 2022 (−7.6%). 2026 is year to date.
XBAP annual returns table
| Year | XBAP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.3% | −1.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.4% | −8.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +11.6% | −4.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.5% | −4.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.6% | −14.6% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XBAP largest drawdowns
Now 0.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 4, 2022 | −14.6% | Oct 12, 2022 | Apr 28, 2023 | 6 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XBAP risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +14.2% | +10.2% | +9.8% |
| Volatility (annualized) | 4.9% | 8.9% | 8.6% |
| Sharpe ratio | 1.86 | 0.74 | 0.75 |
| Sortino ratio | 5.35 | 1.15 | 1.16 |
| Best month | +5.2% | +7.1% | +7.1% |
| Worst month | −2.0% | −6.9% | −6.9% |
| Best 12 months | +18.2% | +21.6% | +21.6% |
| Worst 12 months | +11.6% | −10.2% | −10.2% |
| Positive months | 86% | 75% | 75% |
| Beta vs S&P 500 | 0.33 | 0.51 | — |
| Correlation with S&P 500 | 0.84 | 0.90 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XBAP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −10.2% | +13.0% | +21.6% | 82% |
| 3-year (a year) | 31 | +5.6% | +12.5% | +16.8% | 100% |
| 5-year (a year) | 7 | +9.6% | +9.7% | +10.2% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
XBAP performance overview
Innovator U.S. Equity Accelerated 9 Buffer… (XBAP) returned +13.3% over the past year and +9.7% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +9.8% a year, turning $10,000 into about $16,858. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.6%, from Apr 4, 2022 to Oct 12, 2022, and it took 7 months to get back to the old high. XBAP finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+20.5%) and the worst 2022 (−7.6%). Volatility has been 8.6% a year.
Related: XBAP chart. See the XBAP overview for the latest quote and fund facts.
XBAP performance FAQ
What is the XBAP return over the past year?
XBAP returned +13.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.3%.
What is the average annual return of XBAP?
XBAP has returned +9.7% a year over 5 years, +9.8% a year since April 1, 2021 (total return, distributions reinvested).
How much would $10,000 invested in XBAP be worth?
$10,000 invested in XBAP at its first recorded close on April 1, 2021 would be worth about $16,858 on October 23, 2026 with distributions reinvested.
What was the worst year for XBAP?
The worst calendar year was 2022, with a total return of −7.6%. The best was 2023 at +20.5%.
What is the biggest drawdown of XBAP?
The largest peak-to-trough decline was −14.6% between April 4, 2022 and October 12, 2022. It recovered to the old high on April 28, 2023, 7 months after the bottom.
How volatile is XBAP?
Over the past 3 years XBAP had an annualized volatility of 4.9% and a Sharpe ratio of 1.86 (excess return over 1–3 month T-bills per unit of risk).