Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) Alternatives

Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) 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 KSEP. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to KSEP

KSEP charges 0.79% annually. Among ETFs in the Defined Outcome category, these options have the lowest expense ratios among KSEP alternatives.

Symbol	Name	Expense Ratio	Inception
FBUF	Fidelity Dynamic Buffered Equity ETF	0.48%	Apr 9, 2024	KSEP vs FBUF
SMAX	iShares Large Cap Max Buffer Sep ETF	0.50%	Sep 30, 2024	KSEP vs SMAX
DMAX	iShares Large Cap Max Buffer December ETF	0.50%	Dec 31, 2024	KSEP vs DMAX
MMAX	iShares Large Cap Max Buffer Mar ETF	0.50%	Mar 31, 2025	KSEP vs MMAX
PBFR	PGIM Laddered S&P 500 Buffer 20 ETF	0.50%	Jun 11, 2024	KSEP vs PBFR

Best Risk-Adjusted Alternatives to KSEP

Among ETFs in the Defined Outcome category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	97	Dec 1, 2024	KSEP vs ZDEK
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	97	Feb 3, 2025	KSEP vs ZFEB
DMAX	iShares Large Cap Max Buffer December ETF	96	Dec 31, 2024	KSEP vs DMAX
ZMAR	Innovator Equity Defined Protection ETF - 1 Yr Mar...	96	Mar 3, 2025	KSEP vs ZMAR
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	95	Dec 31, 2024	KSEP vs ZJAN

Top Performing KSEP Alternatives (YTD)

KSEP alternatives from the Defined Outcome category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
KAPR	Innovator Russell 2000 Power Buffer ETF - April	3.19%	Mar 31, 2020	KSEP vs KAPR
IAPR	Innovator International Developed Power Buffer ETF...	2.69%	Mar 31, 2021	KSEP vs IAPR
FMAR	FT Vest U.S. Equity Buffer ETF - March	2.16%	Mar 19, 2021	KSEP vs FMAR
BAPR	Innovator U.S. Equity Buffer ETF - April	2.08%	Mar 29, 2019	KSEP vs BAPR
PSMR	Pacer Swan SOS Moderate (April) ETF	1.94%	Mar 31, 2021	KSEP vs PSMR

Lowest Volatility Alternatives to KSEP

KSEP alternatives from the Defined Outcome category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
ZMAY	Innovator Equity Defined Protection ETF - 1 Yr May	1.51%	May 1, 2025	KSEP vs ZMAY
ZJUN	Innovator Equity Defined Protection ETF - 1 Yr Jun...	1.91%	May 30, 2025	KSEP vs ZJUN
AIOO	AllianzIM U.S. Equity Buffer100 Protection ETF	1.99%	Jun 30, 2025	KSEP vs AIOO
MMAX	iShares Large Cap Max Buffer Mar ETF	2.61%	Mar 31, 2025	KSEP vs MMAX
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	2.62%	Apr 1, 2025	KSEP vs ZAPR

Lowest Drawdown Alternatives to KSEP

KSEP alternatives from the Defined Outcome category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
ZDEK	Innovator Equity Defined Protection ETF - 1 Yr Dec...	-1.57%	Dec 1, 2024	KSEP vs ZDEK
ZFEB	Innovator Equity Defined Protection ETF - 1 Yr Feb...	-1.73%	Feb 3, 2025	KSEP vs ZFEB
ZJAN	Innovator Equity Defined Protection ETF - 1 Yr Jan...	-1.87%	Dec 31, 2024	KSEP vs ZJAN
ZOCT	Innovator Equity Defined Protection ETF - 1 Yr Oct...	-1.91%	Oct 1, 2024	KSEP vs ZOCT
ZMAR	Innovator Equity Defined Protection ETF - 1 Yr Mar...	-1.92%	Mar 3, 2025	KSEP vs ZMAR

Other ETFs from Innovator

Most popular Innovator ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
BALT	Innovator Defined Wealth Shield ETF	Defined Outcome	86	-0.13%	Jun 30, 2021	KSEP vs BALT
FFTY	Innovator IBD 50 ETF	Large Cap Growth Equities	41	-4.02%	Apr 9, 2015	KSEP vs FFTY
BUFF	Innovator Laddered Allocation Power Buffer ETF	Defined Outcome	77	-0.90%	Oct 20, 2016	KSEP vs BUFF
LOUP	Innovator Deepwater Frontier Tech ETF	Technology Equities	80	-9.90%	Jul 24, 2018	KSEP vs LOUP
SFLR	Innovator Equity Managed Floor ETF	Options Trading	72	-3.85%	Nov 8, 2022	KSEP vs SFLR
PJAN	Innovator U.S. Equity Power Buffer ETF - January	Defined Outcome	71	-1.89%	Jan 2, 2019	KSEP vs PJAN
PJUL	Innovator U.S. Equity Power Buffer ETF - July	Defined Outcome	84	-1.00%	Aug 7, 2018	KSEP vs PJUL
POCT	Innovator U.S. Equity Power Buffer ETF October	Defined Outcome	68	-1.84%	Sep 28, 2018	KSEP vs POCT
UAUG	Innovator U.S. Equity Ultra Buffer ETF - August	Defined Outcome	83	-1.44%	Jul 31, 2019	KSEP vs UAUG
BOUT	Innovator IBD Breakout Opportunities ETF	Mid Cap Growth Equities	25	8.23%	Sep 13, 2018	KSEP vs BOUT

Often Compared With KSEP

What investors most often compare with KSEP, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
IWM	iShares Russell 2000 ETF	Small Cap Blend Equities	69	0.93%	May 22, 2000	KSEP vs IWM
VBR	Vanguard Small-Cap Value ETF	Small Cap Value Equities	58	3.17%	Jan 26, 2004	KSEP vs VBR
NAPR	Innovator Nasdaq-100 Power Buffer ETF - April	Defined Outcome	86	1.71%	Mar 31, 2020	KSEP vs NAPR
BUFD	FT Vest Laddered Deep Buffer ETF	Defined Outcome	81	-0.85%	Jan 20, 2021	KSEP vs BUFD
KJAN	Innovator U.S. Small Cap Power Buffer ETF - Januar...	Defined Outcome	69	0.73%	Dec 31, 2019	KSEP vs KJAN
FOCT	FT Vest U.S. Equity Buffer ETF - October	Defined Outcome	73	-2.67%	Oct 16, 2020	KSEP vs FOCT
ZSEP	Innovator Equity Defined Protection ETF - 1 Yr Sep...	Defined Outcome	92	-0.22%	Sep 1, 2024	KSEP vs ZSEP
FDEC	FT Vest U.S. Equity Buffer ETF - December	Defined Outcome	72	-2.86%	Dec 18, 2020	KSEP vs FDEC
FAPR	FT Vest U.S. Equity Buffer ETF - April	Defined Outcome	54	1.09%	Apr 16, 2021	KSEP vs FAPR
UDEC	Innovator U.S. Equity Ultra Buffer ETF - December	Defined Outcome	84	-2.02%	Nov 29, 2019	KSEP vs UDEC
DAPR	FT Vest U.S. Equity Deep Buffer ETF - April	Defined Outcome	41	1.06%	Apr 16, 2021	KSEP vs DAPR
KJUL	Innovator Russell 2000 Power Buffer ETF - July	Defined Outcome	73	1.04%	Jun 30, 2020	KSEP vs KJUL
PDEC	Innovator U.S. Equity Power Buffer ETF - December	Defined Outcome	76	-2.03%	Nov 29, 2019	KSEP vs PDEC
PSFF	Pacer Swan SOS Fund of Funds ETF	Defined Outcome	76	-0.88%	Dec 29, 2020	KSEP vs PSFF
APRZ	TrueShares Structured Outcome (April) ETF	Defined Outcome	48	-4.60%	Mar 31, 2021	KSEP vs APRZ
DAUG	FT Vest U.S. Equity Deep Buffer ETF - August	Defined Outcome	76	-1.78%	Nov 6, 2019	KSEP vs DAUG
FNOV	FT Vest U.S. Equity Buffer ETF - November	Defined Outcome	71	-2.62%	Nov 15, 2019	KSEP vs FNOV
NJAN	Innovator Growth-100 Power Buffer ETF - January	Defined Outcome	75	-2.82%	Dec 31, 2019	KSEP vs NJAN
OCTZ	TrueShares Structured Outcome (October) ETF	Defined Outcome	54	-3.41%	Sep 30, 2020	KSEP vs OCTZ
ZAUG	Innovator Equity Defined Protection ETF - 1 Yr Aug...	Defined Outcome	89	-0.33%	Jul 31, 2024	KSEP vs ZAUG

Compare KSEP with Any Fund or Stock

Compare KSEP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Innovator U.S. Small Cap Power Buffer ETF - September

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