Innovator Buffer Step-Up Strategy ETF (BSTP) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BSTP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BSTP
BSTP charges 0.89% annually. There are 118 ETFs in the Options Trading category with lower expense ratios, going as low as 0.29%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Hedged Equity ETF | 0.29% | 140.25M | Oct 2023 | BSTP vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.58M | Jul 2025 | BSTP vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | BSTP vs HEQT | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.25M | Jan 2021 | BSTP vs ISWN | |
| iShares Large Cap Moderate Buffer ETF | 0.50% | 168.36M | Jun 2023 | BSTP vs IVVM |
Best Risk-Adjusted Alternatives to BSTP
BSTP has a PortfoliosLab risk / return rank of 63. There are 101 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | BSTP vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.26M | Mar 2023 | BSTP vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 190.94M | May 2020 | BSTP vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | BSTP vs PBAP | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 98 | — | Mar 2024 | BSTP vs XIMR |
Top Performing BSTP Alternatives (YTD)
BSTP is at 6.13% YTD. There are 57 ETFs in the Options Trading category with higher YTD returns, going as high as 109.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 109.12% | 443.39M | Sep 2023 | BSTP vs AMDY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 15.28% | 190.88M | Sep 2023 | BSTP vs QQQY | |
| Kurv Technology Titans Select ETF | 14.52% | 100.42M | Jul 2024 | BSTP vs KQQQ | |
| Defiance R2000 Weekly Distribution ETF | 14.09% | 98.05M | Oct 2023 | BSTP vs IWMY | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 13.13% | 923.83M | Mar 2024 | BSTP vs QDTE |
Lowest Volatility Alternatives to BSTP
BSTP has 8.34% 1-year volatility. There are 99 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.27%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.27% | — | Mar 2024 | BSTP vs LAPR | |
| Alpha Architect Tail Risk ETF | 1.56% | 668.40M | Aug 2013 | BSTP vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - July | 1.56% | 13.64M | Jun 2023 | BSTP vs JULJ | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.26M | Mar 2023 | BSTP vs APRJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.04% | — | Mar 2024 | BSTP vs XIMR |
Lowest Drawdown Alternatives to BSTP
BSTP has a 1-year max drawdown of -6.23%. There are 100 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | BSTP vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.26M | Mar 2023 | BSTP vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.64M | Jun 2023 | BSTP vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 668.40M | Aug 2013 | BSTP vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 190.94M | May 2020 | BSTP vs APRW |
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 | 95 | 2.57% | 2.68B | Jun 2021 | BSTP vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 26 | 12.47% | 89.40M | Apr 2015 | BSTP vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 5.94% | 891.58M | Oct 2016 | BSTP vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 56 | 5.15% | 2.12B | Nov 2022 | BSTP vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 58 | 20.34% | 221.95M | Jul 2018 | BSTP vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 83 | 5.59% | 1.47B | Jan 2019 | BSTP vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 11.77% | 22.82M | Apr 2021 | BSTP vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.27% | 404.39M | Mar 2019 | BSTP vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.32% | 1.12B | Aug 2018 | BSTP vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 55 | 4.38% | 543.68M | Jan 2024 | BSTP vs QFLR |
Often Compared With BSTP
Investors most often compare BSTP with AJAN, DGRO, GMAR. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare BSTP with Any Fund or Stock
Compare BSTP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BSTP with funds that move differently
Innovator Buffer Step-Up Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BSTP.
Explore BSTP Diversifiers