BFEB vs. LITL
BFEB (Innovator S&P 500 Buffer ETF - February) and LITL (Simplify Piper Sandler US Small-Cap PLUS Income ETF) are both exchange-traded funds - BFEB is a Options Trading fund tracking the Cboe S&P 500 Buffer Protect Index February Series, while LITL is a Small Cap Blend Equities fund actively managed by Simplify. BFEB is passively managed, while LITL is actively managed. Over the past year, BFEB returned 18.66% vs 34.58% for LITL. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BFEB charges 0.79%/yr vs 0.91%/yr for LITL.
Performance
BFEB vs. LITL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BFEB achieves a 9.56% return, which is significantly lower than LITL's 17.71% return.
BFEB
- 1D
- 0.66%
- 1M
- 1.41%
- 6M
- 6.78%
- YTD
- 9.56%
- 1Y
- 18.66%
- 3Y*
- 15.78%
- 5Y*
- 11.53%
- 10Y*
- —
- ALL TIME*
- 11.91%
LITL
- 1D
- 2.32%
- 1M
- -0.14%
- 6M
- 13.50%
- YTD
- 17.71%
- 1Y
- 34.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $298.59K | $511.89K | $646.30K | |
| $101.38K | $73.38K | $60.57K |
BFEB vs. LITL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFEB Innovator S&P 500 Buffer ETF - February | 9.56% | 18.38% |
LITL Simplify Piper Sandler US Small-Cap PLUS Income ETF | 17.71% | 18.93% |
Correlation
The correlation between BFEB and LITL is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.74 |
The correlation between BFEB and LITL has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BFEB vs. LITL — Risk / Return Rank
BFEB
LITL
BFEB vs. LITL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator S&P 500 Buffer ETF - February (BFEB) and Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BFEB | LITL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 3.73 | -0.80 |
| Martin ratioReturn relative to average drawdown | 14.38 | 11.66 | +2.72 |
Loading charts...
Drawdowns
BFEB vs. LITL - Drawdown Comparison
The maximum BFEB drawdown since its inception was -27.20%, which is greater than LITL's maximum drawdown of -9.32%. Use the drawdown chart below to compare losses from any high point for BFEB and LITL.
Loading charts...
Drawdown Indicators
| BFEB | LITL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.20% | -9.32% | -17.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -9.32% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.84% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.72% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -2.23% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.97% | -1.67% |
Volatility
BFEB vs. LITL - Volatility Comparison
The current volatility for Innovator S&P 500 Buffer ETF - February (BFEB) is 2.31%, while Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) has a volatility of 4.27%. This indicates that BFEB experiences smaller price fluctuations and is considered to be less risky than LITL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BFEB | LITL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 4.27% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 6.90% | 12.34% | -5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.49% | 18.13% | -9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.46% | 18.40% | -6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 18.40% | -4.24% |
BFEB vs. LITL - Expense Ratio Comparison
BFEB has a 0.79% expense ratio, which is lower than LITL's 0.91% expense ratio.
Dividends
BFEB vs. LITL - Dividend Comparison
BFEB has not paid dividends to shareholders, while LITL's dividend yield for the trailing twelve months is around 1.63%.
| Position | TTM | 2025 |
|---|---|---|
BFEB Innovator S&P 500 Buffer ETF - February | 0.00% | 0.00% |
LITL Simplify Piper Sandler US Small-Cap PLUS Income ETF | 1.63% | 0.71% |
Frequently Asked Questions
BFEB and LITL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LITL has higher volatility (4.27%) compared to BFEB (2.31%). In terms of maximum drawdown, BFEB dropped -27.20% vs LITL's -9.32%.
On 1-year performance, LITL leads with 34.58% vs 18.66% for BFEB. On fees, BFEB is cheaper at 0.79% per year. On volatility, BFEB has been the lower-risk option at 2.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LITL has performed better with a 34.58% return vs 18.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BFEB is cheaper with a 0.79% expense ratio, compared with 0.91% for LITL.
LITL has the higher dividend yield at 1.63%, compared with 0.00% for BFEB.
BFEB is categorized as Options Trading, while LITL is Small Cap Blend Equities. They also come from different issuers: Innovator and Simplify. Their fees differ too: 0.79% for BFEB and 0.91% for LITL.
BFEB currently has the higher Sharpe Ratio (2.21 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BFEB and LITL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer