ACII vs. ACEI

Last updated Jun 4, 2026

ACII (Innovator Index Autocallable Income Strategy ETF) and ACEI (Innovator Equity 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

ACII vs. ACEI - Performance Comparison

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

Returns By Period

ACII

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

ACEI

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

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

ACII vs. ACEI - Yearly Performance Comparison

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

Correlation

The correlation between ACII and ACEI 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

ACII vs. ACEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Index Autocallable Income Strategy ETF (ACII) and Innovator Equity Autocallable Income Strategy ETF (ACEI). 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

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

Drawdowns

ACII vs. ACEI - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

ACII vs. ACEI - Expense Ratio Comparison

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

Dividends

ACII vs. ACEI - Dividend Comparison

ACII's dividend yield for the trailing twelve months is around 0.74%, less than ACEI's 6.97% 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 ACII and ACEI in my portfolio?

ACII and ACEI 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, ACII or ACEI?

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, ACII or ACEI?

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

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

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