Innovator Equity Managed 100 Buffer ETF (BFRZ) 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 BFRZ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BFRZ
BFRZ charges 0.89% annually. There are 254 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | BFRZ vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | BFRZ vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | BFRZ vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | BFRZ vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | BFRZ vs FBUF |
Best Risk-Adjusted Alternatives to BFRZ
BFRZ has a PortfoliosLab risk / return rank of 51. There are 199 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 | BFRZ vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | BFRZ vs MMAX | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | BFRZ vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | BFRZ vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | BFRZ vs CPSP |
Top Performing BFRZ Alternatives (YTD)
BFRZ is at 1.92% YTD. There are 250 ETFs in the Defined Outcome category with higher YTD returns, going as high as 21.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 21.85% | — | Aug 2025 | BFRZ vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 15.28% | — | Mar 2025 | BFRZ vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.16% | 557.94M | Mar 2021 | BFRZ vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 12.64% | — | Jul 2025 | BFRZ vs UXJL | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | 12.41% | — | Jan 2025 | BFRZ vs UXJA |
Lowest Volatility Alternatives to BFRZ
BFRZ has 4.97% 1-year volatility. There are 96 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | BFRZ vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | BFRZ vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | BFRZ vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | BFRZ vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | BFRZ vs CPSP |
Lowest Drawdown Alternatives to BFRZ
BFRZ has a 1-year max drawdown of -3.12%. There are 84 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | BFRZ vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | BFRZ vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | BFRZ vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | BFRZ vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | BFRZ vs CPSP |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 5 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 93 | 1.97% | 2.46B | Jun 2021 | BFRZ vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 32 | 20.28% | 89.40M | Apr 2015 | BFRZ vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 5.70% | 869.87M | Oct 2016 | BFRZ vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 67 | 5.95% | 2.00B | Nov 2022 | BFRZ vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 76 | 30.66% | 219.47M | Jul 2018 | BFRZ vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 82 | 5.40% | 1.52B | Jan 2019 | BFRZ vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.07% | 401.85M | Mar 2019 | BFRZ vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 88 | 4.63% | 1.00B | Aug 2018 | BFRZ vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 75 | 6.88% | 527.81M | Jan 2024 | BFRZ vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 78 | 5.54% | 1.02B | Sep 2018 | BFRZ vs POCT |
Often Compared With BFRZ
Investors most often compare BFRZ with KFEB, DBE, KAPR. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare BFRZ with Any Fund or Stock
Compare BFRZ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BFRZ with funds that move differently
Innovator Equity Managed 100 Buffer ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BFRZ.
Explore BFRZ Diversifiers