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 60 ETFs in the Options Trading category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Tax-Aware Collateral ETF | 0.14% | 1.21B | Apr 2026 | TAPR vs CBOX | |
| Parametric Hedged Equity ETF | 0.29% | 139.40M | Oct 2023 | TAPR vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.87M | Jul 2025 | TAPR vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 296.16M | Nov 2021 | TAPR vs HEQT | |
| Castellan Targeted Income ETF | 0.45% | — | Jun 2025 | TAPR vs CTIF |
Best Risk-Adjusted Alternatives to TAPR
TAPR has a PortfoliosLab risk / return rank of 92. There are 20 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 | 32.22M | Mar 2023 | TAPR vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 199.47M | May 2020 | TAPR vs APRW | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 98 | — | Mar 2024 | TAPR vs XIMR | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | 153.67M | Mar 2023 | TAPR vs XMAR |
Top Performing TAPR Alternatives (YTD)
TAPR is at 2.81% YTD. There are 134 ETFs in the Options Trading category with higher YTD returns, going as high as 87.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 87.43% | 382.78M | Sep 2023 | TAPR vs AMDY | |
| Defiance Oil Enhanced Options Income ETF | 51.25% | 64.41M | May 2024 | TAPR vs USOY | |
| Simplify Piper Sandler US Small-Cap PLUS Income ET... | 15.04% | 6.72M | Apr 2025 | TAPR vs LITL | |
| Horizon Dividend Income ETF | 14.80% | — | Jun 2025 | TAPR vs DIVN | |
| Defiance R2000 Weekly Distribution ETF | 13.35% | 95.57M | Oct 2023 | TAPR vs IWMY |
Lowest Volatility Alternatives to TAPR
TAPR has 2.20% 1-year volatility. There are 6 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.30% | — | Mar 2024 | TAPR vs LAPR | |
| Alpha Architect Tail Risk ETF | 1.57% | 709.87M | Aug 2013 | TAPR vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - April | 1.57% | 32.22M | Mar 2023 | TAPR vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | 1.68% | 13.68M | Jun 2023 | TAPR vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.06% | — | 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% | 32.22M | Mar 2023 | TAPR vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.68M | Jun 2023 | TAPR vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 709.87M | Aug 2013 | TAPR vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 199.47M | May 2020 | TAPR vs APRW |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, BUFF, SFLR and span 5 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 | 96 | 2.78% | 2.72B | Jun 2021 | TAPR vs BALT | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.26% | 923.55M | Oct 2016 | TAPR vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 50 | 4.20% | 2.11B | Nov 2022 | TAPR vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 42 | 11.39% | 200.31M | Jul 2018 | TAPR vs LOUP | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 12.47% | 22.69M | Apr 2021 | TAPR vs XTAP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 84 | 6.02% | 1.44B | Jan 2019 | TAPR vs PJAN | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.91% | 403.09M | Mar 2019 | TAPR vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 82 | 6.44% | 963.46M | Sep 2018 | TAPR vs POCT | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.43% | 1.25B | Aug 2018 | TAPR vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 40 | 1.93% | 524.31M | Jan 2024 | TAPR vs QFLR |
Often Compared With TAPR
Investors most often compare TAPR with PMDE, PBFB, IBIC. These 20 comparison targets span 9 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