BAPR vs. USMV
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - April (BAPR) and iShares Edge MSCI Min Vol USA ETF (USMV).
BAPR and USMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BAPR is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index April. It was launched on Apr 1, 2019. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. Both BAPR and USMV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAPR or USMV.
Correlation
The correlation between BAPR and USMV is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BAPR vs. USMV - Performance Comparison
Key characteristics
BAPR:
0.50
USMV:
1.11
BAPR:
0.82
USMV:
1.63
BAPR:
1.12
USMV:
1.25
BAPR:
0.48
USMV:
1.61
BAPR:
1.85
USMV:
6.15
BAPR:
4.02%
USMV:
2.45%
BAPR:
14.53%
USMV:
12.95%
BAPR:
-23.91%
USMV:
-33.10%
BAPR:
-7.29%
USMV:
-1.95%
Returns By Period
In the year-to-date period, BAPR achieves a -3.69% return, which is significantly lower than USMV's 4.43% return.
BAPR
-3.69%
9.82%
-3.90%
7.20%
9.83%
N/A
USMV
4.43%
8.17%
0.56%
14.32%
11.14%
10.45%
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BAPR vs. USMV - Expense Ratio Comparison
BAPR has a 0.79% expense ratio, which is higher than USMV's 0.15% expense ratio.
Risk-Adjusted Performance
BAPR vs. USMV — Risk-Adjusted Performance Rank
BAPR
USMV
BAPR vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - April (BAPR) and iShares Edge MSCI Min Vol USA ETF (USMV). 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.
Dividends
BAPR vs. USMV - Dividend Comparison
BAPR has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.57%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAPR Innovator U.S. Equity Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.57% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% |
Drawdowns
BAPR vs. USMV - Drawdown Comparison
The maximum BAPR drawdown since its inception was -23.91%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for BAPR and USMV. For additional features, visit the drawdowns tool.
Volatility
BAPR vs. USMV - Volatility Comparison
Innovator U.S. Equity Buffer ETF - April (BAPR) has a higher volatility of 8.36% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 6.67%. This indicates that BAPR's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.