Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) 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 UAPR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UAPR
UAPR charges 0.79% annually. There are 92 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | UAPR vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | UAPR vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | UAPR vs JANB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | UAPR vs OCTB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | UAPR vs FBUF |
Best Risk-Adjusted Alternatives to UAPR
UAPR has a PortfoliosLab risk / return rank of 98. There are 7 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 | UAPR vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | UAPR vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | UAPR vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | UAPR vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | UAPR vs XBAP |
Top Performing UAPR Alternatives (YTD)
UAPR is at 7.38% YTD. There are 70 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | UAPR vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.34% | — | Jan 2025 | UAPR vs KFEB | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.77% | 568.10M | Mar 2021 | UAPR vs QMAR | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.71% | 214.51M | Mar 2020 | UAPR vs KAPR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 2.84M | Jun 2025 | UAPR vs QB |
Lowest Volatility Alternatives to UAPR
UAPR has 3.29% 1-year volatility. There are 66 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | UAPR vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | UAPR vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | UAPR vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | UAPR vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | UAPR vs MMAX |
Lowest Drawdown Alternatives to UAPR
UAPR has a 1-year max drawdown of -1.11%. There are 17 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | UAPR vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | UAPR vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | UAPR vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | UAPR vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | UAPR vs CPSM |
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 | 96 | 2.68% | 2.68B | Jun 2021 | UAPR vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 25 | 14.13% | 89.40M | Apr 2015 | UAPR vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 6.22% | 891.58M | Oct 2016 | UAPR vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 57 | 5.58% | 2.12B | Nov 2022 | UAPR vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 59 | 21.45% | 221.95M | Jul 2018 | UAPR vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 83 | 5.87% | 1.47B | Jan 2019 | UAPR vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 12.05% | 22.82M | Apr 2021 | UAPR vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.46% | 404.39M | Mar 2019 | UAPR vs BAPR | |
| Innovator U.S. Equity Power Buffer ETF - July | Defined Outcome | 87 | 5.51% | 1.12B | Aug 2018 | UAPR vs PJUL | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 56 | 5.37% | 543.68M | Jan 2024 | UAPR vs QFLR |
Often Compared With UAPR
Investors most often compare UAPR with SPY, XBJL, BUFP. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare UAPR with Any Fund or Stock
Compare UAPR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UAPR with funds that move differently
Innovator U.S. Equity Ultra Buffer ETF - April alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UAPR.
Explore UAPR Diversifiers