Innovator U.S. Equity Buffer ETF - April (BAPR) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BAPR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BAPR
BAPR charges 0.79% annually. There are 89 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | BAPR vs OCTB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | BAPR vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | BAPR vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | BAPR vs JULB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | BAPR vs FBUF |
Best Risk-Adjusted Alternatives to BAPR
BAPR has a PortfoliosLab risk / return rank of 96. There are 20 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | BAPR vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | BAPR vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | BAPR vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | BAPR vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 133.76M | Mar 2021 | BAPR vs XBAP |
Top Performing BAPR Alternatives (YTD)
BAPR is at 10.04% YTD. There are 15 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | BAPR vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 15.63% | — | Mar 2025 | BAPR vs TMAR | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.48% | — | Jan 2025 | BAPR vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.34% | 216.78M | Mar 2020 | BAPR vs KAPR | |
| Innovator U.S. Small Cap Power Buffer ETF - March | 11.64% | — | Feb 2025 | BAPR vs KMAR |
Lowest Volatility Alternatives to BAPR
BAPR has 5.79% 1-year volatility. There are 129 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.18% | — | Mar 2025 | BAPR vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.21% | — | Apr 2025 | BAPR vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.30% | — | Apr 2025 | BAPR vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.36% | 19.60M | Apr 2025 | BAPR vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.43% | — | Mar 2025 | BAPR vs MMAX |
Lowest Drawdown Alternatives to BAPR
BAPR has a 1-year max drawdown of -1.93%. There are 63 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | BAPR vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | BAPR vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | BAPR vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | BAPR vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.30M | May 2024 | BAPR vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 6 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 94 | 2.21% | 2.53B | Jun 2021 | BAPR vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 30 | 20.94% | 89.40M | Apr 2015 | BAPR vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 85 | 4.91% | 869.51M | Oct 2016 | BAPR vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 49 | 3.43% | 2.04B | Nov 2022 | BAPR vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 60 | 21.99% | 214.23M | Jul 2018 | BAPR vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 77 | 4.57% | 1.48B | Jan 2019 | BAPR vs PJAN | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 90 | 4.80% | 997.06M | Aug 2018 | BAPR vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 54 | 3.27% | 524.53M | Jan 2024 | BAPR vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 74 | 4.83% | 969.70M | Sep 2018 | BAPR vs POCT | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 10.29% | 22.60M | Apr 2021 | BAPR vs XTAP |
Often Compared With BAPR
Investors most often compare BAPR with VRT, FFLC, SCHD. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare BAPR with Any Fund or Stock
Compare BAPR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BAPR with funds that move differently
Innovator U.S. Equity Buffer ETF - April alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BAPR.
Explore BAPR Diversifiers