BAUG vs. KAPR
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - August (BAUG) and Innovator Russell 2000 Power Buffer ETF - April (KAPR).
BAUG and KAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BAUG is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index August. It was launched on Jul 31, 2019. KAPR is a passively managed fund by Innovator that tracks the performance of the Russell 2000 Index. It was launched on Mar 31, 2020. Both BAUG and KAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BAUG vs. KAPR - Performance Comparison
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BAUG vs. KAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BAUG Innovator U.S. Equity Buffer ETF - August | -2.38% | 14.81% | 21.15% | 20.11% | -10.30% | 12.06% | 35.80% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 3.19% | 7.42% | 12.10% | 15.36% | -8.14% | 2.48% | 21.17% |
Returns By Period
In the year-to-date period, BAUG achieves a -2.38% return, which is significantly lower than KAPR's 3.19% return.
BAUG
- 1D
- 2.07%
- 1M
- -3.10%
- YTD
- -2.38%
- 6M
- -0.29%
- 1Y
- 15.07%
- 3Y*
- 15.67%
- 5Y*
- 9.55%
- 10Y*
- —
KAPR
- 1D
- 0.62%
- 1M
- 1.14%
- YTD
- 3.19%
- 6M
- 5.99%
- 1Y
- 17.50%
- 3Y*
- 10.87%
- 5Y*
- 6.01%
- 10Y*
- —
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BAUG vs. KAPR - Expense Ratio Comparison
Both BAUG and KAPR have an expense ratio of 0.79%.
Return for Risk
BAUG vs. KAPR — Risk / Return Rank
BAUG
KAPR
BAUG vs. KAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - August (BAUG) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). 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.
| BAUG | KAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.72 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.77 | 2.47 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.10 | -0.38 |
Martin ratioReturn relative to average drawdown | 9.30 | 12.86 | -3.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAUG | KAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.72 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.51 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.73 | +0.02 |
Correlation
The correlation between BAUG and KAPR is 0.75, 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.
Dividends
BAUG vs. KAPR - Dividend Comparison
Neither BAUG nor KAPR has paid dividends to shareholders.
Drawdowns
BAUG vs. KAPR - Drawdown Comparison
The maximum BAUG drawdown since its inception was -24.19%, which is greater than KAPR's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for BAUG and KAPR.
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Drawdown Indicators
| BAUG | KAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.19% | -16.91% | -7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -8.39% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -15.59% | -16.91% | +1.32% |
Current DrawdownCurrent decline from peak | -3.70% | 0.00% | -3.70% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -4.02% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.37% | +0.33% |
Volatility
BAUG vs. KAPR - Volatility Comparison
Innovator U.S. Equity Buffer ETF - August (BAUG) has a higher volatility of 3.97% compared to Innovator Russell 2000 Power Buffer ETF - April (KAPR) at 1.70%. This indicates that BAUG's price experiences larger fluctuations and is considered to be riskier than KAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAUG | KAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 1.70% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 3.93% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 10.19% | +2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.66% | 11.77% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.09% | 11.72% | +2.37% |