ACEI vs. ACII

Last updated Jun 4, 2026

ACEI (Innovator Equity Autocallable Income Strategy ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds from Innovator. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.79% expense ratio.

Performance

ACEI vs. ACII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Autocallable Income Strategy ETF (ACEI) and Innovator Index Autocallable Income Strategy ETF (ACII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACEI

• 1D: -0.48%
• 1M: 2.64%
• YTD: 5.08%
• 6M: 5.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACII

• 1D: -0.95%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACEI vs. ACII - Yearly Performance Comparison

	2026 (YTD)
ACEI Innovator Equity Autocallable Income Strategy ETF	-0.16%
ACII Innovator Index Autocallable Income Strategy ETF	-1.10%

Correlation

The correlation between ACEI and ACII is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.40

Return for Risk

ACEI vs. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Autocallable Income Strategy ETF (ACEI) and Innovator Index Autocallable Income Strategy ETF (ACII). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ACEI	ACII	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	-7.55	+8.22

Drawdowns

ACEI vs. ACII - Drawdown Comparison

The maximum ACEI drawdown since its inception was -5.77%, which is greater than ACII's maximum drawdown of -1.27%. Use the drawdown chart below to compare losses from any high point for ACEI and ACII.

Drawdown Indicators

	ACEI	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-5.77%	-1.27%	-4.50%
Current Drawdown Current decline from peak	-0.61%	-1.27%	+0.66%
Average Drawdown Average peak-to-trough decline	-1.86%	-0.42%	-1.44%

Volatility

Volatility by Period

	ACEI	ACII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	7.65%	+5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.30%	7.65%	+5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.30%	7.65%	+5.65%

ACEI vs. ACII - Expense Ratio Comparison

Both ACEI and ACII have an expense ratio of 0.79%.

Dividends

ACEI vs. ACII - Dividend Comparison

ACEI's dividend yield for the trailing twelve months is around 6.97%, more than ACII's 0.74% yield.

Position	TTM	2025
ACEI Innovator Equity Autocallable Income Strategy ETF	6.97%	2.11%
ACII Innovator Index Autocallable Income Strategy ETF	0.74%	0.00%

Frequently Asked Questions

Can I hold both ACEI and ACII in my portfolio?

ACEI and ACII have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACEI or ACII?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACEI or ACII?

ACEI and ACII have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, ACEI or ACII?

ACEI has the higher dividend yield at 6.97%, compared with 0.74% for ACII.