BFLB vs. XBAP
BFLB (BufferLABS US Equity Dynamic Buffer ETF) and XBAP (Innovator U.S. Equity Accelerated 9 Buffer ETF - April) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.
Performance
BFLB vs. XBAP - Performance Comparison
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Returns By Period
In the year-to-date period, BFLB achieves a 5.72% return, which is significantly lower than XBAP's 7.58% return.
BFLB
- 1D
- -0.60%
- 1M
- -0.04%
- YTD
- 5.72%
- 6M
- 5.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XBAP
- 1D
- -0.37%
- 1M
- -0.07%
- YTD
- 7.58%
- 6M
- 7.77%
- 1Y
- 14.57%
- 3Y*
- 13.22%
- 5Y*
- 9.51%
- 10Y*
- —
BFLB vs. XBAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BFLB BufferLABS US Equity Dynamic Buffer ETF | 5.72% | 1.82% |
XBAP Innovator U.S. Equity Accelerated 9 Buffer ETF - April | 7.58% | 2.07% |
Correlation
The correlation between BFLB and XBAP is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | 0.81 |
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Return for Risk
BFLB vs. XBAP — Risk / Return Rank
BFLB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XBAP
BFLB vs. XBAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BufferLABS US Equity Dynamic Buffer ETF (BFLB) and Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP). 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.
| BFLB | XBAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.04 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 11.29 | — |
| Martin ratioReturn relative to average drawdown | — | 64.34 | — |
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Drawdowns
BFLB vs. XBAP - Drawdown Comparison
The maximum BFLB drawdown since its inception was -5.14%, smaller than the maximum XBAP drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for BFLB and XBAP.
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Drawdown Indicators
| BFLB | XBAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.14% | -14.57% | +9.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.30% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.57% | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.69% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -0.76% | -1.73% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.23% | — |
Volatility
BFLB vs. XBAP - Volatility Comparison
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Volatility by Period
| BFLB | XBAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.80% | 3.62% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.80% | 9.98% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 9.84% | -2.04% |
BFLB vs. XBAP - Expense Ratio Comparison
Both BFLB and XBAP have an expense ratio of 0.79%.
Dividends
BFLB vs. XBAP - Dividend Comparison
Neither BFLB nor XBAP has paid dividends to shareholders.
Frequently Asked Questions
BFLB and XBAP have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BFLB and XBAP have the same expense ratio: 0.79% per year.
BFLB and XBAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: BufferLABS and Innovator.
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