Innovator Russell 2000 Power Buffer ETF - April (KAPR) 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 KAPR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to KAPR
KAPR 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 January Buffer ETF | 0.25% | — | Oct 2025 | KAPR vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | KAPR vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | KAPR vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | KAPR vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | KAPR vs FBUF |
Best Risk-Adjusted Alternatives to KAPR
KAPR has a PortfoliosLab risk / return rank of 96. There are 24 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 | KAPR vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | KAPR vs MMAX | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | KAPR vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | KAPR vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | KAPR vs CPSP |
Top Performing KAPR Alternatives (YTD)
KAPR is at 11.54% YTD. There are 10 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 | KAPR vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 15.28% | — | Mar 2025 | KAPR vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.16% | 557.94M | Mar 2021 | KAPR vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 12.64% | — | Jul 2025 | KAPR vs UXJL | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | 12.41% | — | Jan 2025 | KAPR vs UXJA |
Lowest Volatility Alternatives to KAPR
KAPR has 6.51% 1-year volatility. There are 158 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 | KAPR vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | KAPR vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | KAPR vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | KAPR vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | KAPR vs CPSP |
Lowest Drawdown Alternatives to KAPR
KAPR has a 1-year max drawdown of -2.52%. There are 75 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 | KAPR vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | KAPR vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | KAPR vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | KAPR vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | KAPR 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 | KAPR vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 32 | 20.28% | 89.40M | Apr 2015 | KAPR vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 5.70% | 869.87M | Oct 2016 | KAPR vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 67 | 5.95% | 2.00B | Nov 2022 | KAPR vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 76 | 30.66% | 219.47M | Jul 2018 | KAPR vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 82 | 5.40% | 1.52B | Jan 2019 | KAPR vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.07% | 401.85M | Mar 2019 | KAPR vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 88 | 4.63% | 1.00B | Aug 2018 | KAPR vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 75 | 6.88% | 527.81M | Jan 2024 | KAPR vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 78 | 5.54% | 1.02B | Sep 2018 | KAPR vs POCT |
Often Compared With KAPR
Investors most often compare KAPR with FUTY, ZMAR, NAPR. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare KAPR with Any Fund or Stock
Compare KAPR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair KAPR with funds that move differently
Innovator Russell 2000 Power Buffer ETF - April alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to KAPR.
Explore KAPR Diversifiers