Innovator Equity Defined Protection ETF - 2 Yr to April 2027 (TAPR) 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 TAPR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TAPR
TAPR charges 0.79% annually. There are 54 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 | TAPR vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.58M | Jul 2025 | TAPR vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | TAPR vs HEQT | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.25M | Jan 2021 | TAPR vs ISWN | |
| iShares Large Cap Deep Buffer ETF | 0.50% | 126.98M | Jun 2023 | TAPR vs IVVB |
Best Risk-Adjusted Alternatives to TAPR
TAPR has a PortfoliosLab risk / return rank of 90. There are 26 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 | TAPR vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.26M | Mar 2023 | TAPR vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 190.94M | May 2020 | TAPR vs APRW | |
| PGIM US Large-Cap Buffer 20 ETF - April | 98 | — | Mar 2024 | TAPR vs PBAP | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 98 | — | Mar 2024 | TAPR vs XIMR |
Top Performing TAPR Alternatives (YTD)
TAPR is at 2.42% YTD. There are 129 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 | TAPR vs AMDY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 15.28% | 190.88M | Sep 2023 | TAPR vs QQQY | |
| Kurv Technology Titans Select ETF | 14.52% | 100.42M | Jul 2024 | TAPR vs KQQQ | |
| Defiance R2000 Weekly Distribution ETF | 14.09% | 98.05M | Oct 2023 | TAPR vs IWMY | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 13.13% | 923.83M | Mar 2024 | TAPR vs QDTE |
Lowest Volatility Alternatives to TAPR
TAPR has 2.18% 1-year volatility. There are 6 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 | TAPR vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.26M | Mar 2023 | TAPR vs APRJ | |
| Alpha Architect Tail Risk ETF | 1.56% | 668.40M | Aug 2013 | TAPR vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - July | 1.56% | 13.64M | Jun 2023 | TAPR vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.04% | — | Mar 2024 | TAPR vs XIMR |
Lowest Drawdown Alternatives to TAPR
TAPR has a 1-year max drawdown of -1.75%. There are 19 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 | TAPR vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.26M | Mar 2023 | TAPR vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.64M | Jun 2023 | TAPR vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 668.40M | Aug 2013 | TAPR vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 190.94M | May 2020 | TAPR 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 | TAPR vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 26 | 12.47% | 89.40M | Apr 2015 | TAPR vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 5.94% | 891.58M | Oct 2016 | TAPR vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 56 | 5.15% | 2.12B | Nov 2022 | TAPR vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 58 | 20.34% | 221.95M | Jul 2018 | TAPR vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 83 | 5.59% | 1.47B | Jan 2019 | TAPR vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 11.77% | 22.82M | Apr 2021 | TAPR vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.27% | 404.39M | Mar 2019 | TAPR vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.32% | 1.12B | Aug 2018 | TAPR vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 55 | 4.38% | 543.68M | Jan 2024 | TAPR vs QFLR |
Often Compared With TAPR
Investors most often compare TAPR with PMDE, POCT, APRP. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare TAPR with Any Fund or Stock
Compare TAPR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TAPR with funds that move differently
Innovator Equity Defined Protection ETF - 2 Yr to April 2027 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAPR.
Explore TAPR Diversifiers