ACII vs. BOUT

Last updated Jun 4, 2026

ACII (Innovator Index Autocallable Income Strategy ETF) and BOUT (Innovator IBD Breakout Opportunities ETF) are both exchange-traded funds - ACII is a Derivative Income fund actively managed by Innovator, while BOUT is a Mid Cap Growth Equities fund tracking the IBD Breakout Stocks Total Return Index. ACII is actively managed, while BOUT is passively managed. At a correlation of -0.40, they often move in opposite directions. ACII charges 0.79%/yr vs 0.80%/yr for BOUT.

Performance

ACII vs. BOUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Index Autocallable Income Strategy ETF (ACII) and Innovator IBD Breakout Opportunities ETF (BOUT). 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*: —

BOUT

• 1D: -0.01%
• 1M: 5.85%
• YTD: 31.39%
• 6M: 30.30%
• 1Y: 35.27%
• 3Y*: 17.42%
• 5Y*: 8.25%
• 10Y*: —

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

ACII vs. BOUT - Yearly Performance Comparison

	2026 (YTD)
ACII Innovator Index Autocallable Income Strategy ETF	-1.10%
BOUT Innovator IBD Breakout Opportunities ETF	2.09%

Correlation

The correlation between ACII and BOUT is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

Return for Risk

ACII vs. BOUT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOUT

BOUT Risk / Return Rank: 51
BOUT Sharpe Ratio Rank: 49
BOUT Sortino Ratio Rank: 47
BOUT Omega Ratio Rank: 46
BOUT Calmar Ratio Rank: 61
BOUT Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACII vs. BOUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Index Autocallable Income Strategy ETF (ACII) and Innovator IBD Breakout Opportunities ETF (BOUT). 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	BOUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.71	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	-7.55	0.41	-7.96

Drawdowns

ACII vs. BOUT - Drawdown Comparison

The maximum ACII drawdown since its inception was -1.27%, smaller than the maximum BOUT drawdown of -36.75%. Use the drawdown chart below to compare losses from any high point for ACII and BOUT.

Drawdown Indicators

	ACII	BOUT	Difference
Max Drawdown Largest peak-to-trough decline	-1.27%	-36.75%	+35.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.28%	—
Current Drawdown Current decline from peak	-1.27%	-0.01%	-1.26%
Average Drawdown Average peak-to-trough decline	-0.42%	-12.29%	+11.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.93%	—

Volatility

Volatility by Period

	ACII	BOUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.65%	20.79%	-13.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.65%	19.48%	-11.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.65%	22.93%	-15.28%

ACII vs. BOUT - Expense Ratio Comparison

ACII has a 0.79% expense ratio, which is lower than BOUT's 0.80% expense ratio.

Dividends

ACII vs. BOUT - Dividend Comparison

ACII's dividend yield for the trailing twelve months is around 0.74%, more than BOUT's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ACII Innovator Index Autocallable Income Strategy ETF	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BOUT Innovator IBD Breakout Opportunities ETF	0.26%	0.34%	0.60%	1.32%	1.35%	0.00%	0.00%	0.00%	0.22%

Frequently Asked Questions

Can I hold both ACII and BOUT in my portfolio?

ACII and BOUT 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 BOUT?

On fees, ACII is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACII or BOUT?

ACII is cheaper with a 0.79% expense ratio, compared with 0.80% for BOUT.

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

ACII has the higher dividend yield at 0.74%, compared with 0.26% for BOUT.

What is the main difference between ACII and BOUT?

ACII is categorized as Derivative Income, while BOUT is Mid Cap Growth Equities. Their fees differ too: 0.79% for ACII and 0.80% for BOUT.