Innovator is a U.S.-based ETF provider known for its defined outcome, or "buffer," ETF strategies. Innovator ETFs are designed to provide exposure to equity indices with predefined upside caps and downside buffers over a set outcome period, alongside broader equity and fixed income offerings. The Innovator ETF list spans buffer strategies across major indices as well as more traditional equity exposures. This page lets you compare Innovator ETFs on expense ratio, historical returns, dividend yield, max drawdown, Sharpe ratio, Sortino ratio, and Risk/Return Score — useful for evaluating how these products fit within portfolio construction, risk management, or long-term investing goals.

Innovator

Cboe US

LAPR

The ETF aims to track the return of the SPDR S&P 500 ETF Trust (SPY) up to a capped amount, providing a 100% downside buffer over a one-year outcome period before fees and expenses.

ZAPR

APRJ

XTAP

The Innovator U.S. Equity Accelerated 9 Buffer ETF aims to double the returns of the SPDR S&P 500 ETF Trust (SPY), up to a certain cap, while limiting the downside exposure to single exposure over a one-year period. It offers a buffer against the first 9% of losses and can be reset annually. Full benefits are only realized if shares are held from the start to the end of the one-year outcome period, with no guarantee of achieving its objectives. Those buying shares mid-period face increased risks.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
LAPR	Innovator Premium Income 15 Buffer ETF - April	5.30	—	—	99
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	4.39	—	—	98
APRJ	Innovator Premium Income 30 Barrier ETF - April	4.14	—	—	98
XTAP	Innovator U.S. Equity Accelerated Plus ETF	3.96	0.74	—	98
XBAP	Innovator U.S. Equity Accelerated 9 Buffer ETF - A...	3.92	0.95	—	98

Top Innovator ETFs by Sharpe Ratio

Top Innovator ETFs by Sharpe Ratio