BOUT vs. UTRN

Last updated Jun 4, 2026

BOUT (Innovator IBD Breakout Opportunities ETF) and UTRN (Vesper U.S. Large Cap Short-Term Reversal Strategy ETF) are both exchange-traded funds - BOUT is a Mid Cap Growth Equities fund tracking the IBD Breakout Stocks Total Return Index, while UTRN is a Large Cap Blend Equities fund tracking the Vesper US Large Cap Short-Term Reversal Index. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. BOUT charges 0.80%/yr vs 0.75%/yr for UTRN.

Performance

BOUT vs. UTRN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator IBD Breakout Opportunities ETF (BOUT) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BOUT

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

UTRN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BOUT vs. UTRN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BOUT Innovator IBD Breakout Opportunities ETF	31.39%	-6.77%	18.82%	13.27%	-22.60%	22.69%	50.56%	20.59%	-29.26%
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	-3.65%	28.82%	0.72%	-20.36%	30.54%	19.21%	31.81%	-14.57%

Correlation

The correlation between BOUT and UTRN is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018	0.56

The correlation between BOUT and UTRN shifts across timeframes, from 0.42 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.

BOUT vs. UTRN - Sectors Allocation Comparison

Sectors	BOUT	UTRN
Technology	28.4%	31.9%
Financial Services	22.9%	36.4%
Basic Materials	9.9%	7.9%
Consumer Defensive	9.7%	-
Industrials	9.7%	4.0%
Consumer Cyclical	8.5%	3.9%
Utilities	7.0%	-
Real Estate	3.5%	-
Energy	3.1%	4.1%
Healthcare	2.6%	3.8%
Communication Services	2.0%	8.0%

Return for Risk

BOUT vs. UTRN — 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.

BOUT vs. UTRN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator IBD Breakout Opportunities ETF (BOUT) and Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN). 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.

	BOUT	UTRN	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.33	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	3.01	—	—
Martin ratio: Return relative to average drawdown	9.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BOUT	UTRN	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	0.41	—	—

Drawdowns

Drawdown Indicators

	BOUT	UTRN	Difference
Max Drawdown Largest peak-to-trough decline	-36.75%	—	—
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	-0.01%	—	—
Average Drawdown Average peak-to-trough decline	-12.29%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	—	—

Volatility

Volatility by Period

	BOUT	UTRN	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	20.79%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.93%	—	—

BOUT vs. UTRN - Expense Ratio Comparison

BOUT has a 0.80% expense ratio, which is higher than UTRN's 0.75% expense ratio.

Dividends

BOUT vs. UTRN - Dividend Comparison

BOUT's dividend yield for the trailing twelve months is around 0.26%, while UTRN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BOUT Innovator IBD Breakout Opportunities ETF	0.26%	0.34%	0.60%	1.32%	1.35%	0.00%	0.00%	0.00%	0.22%
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	0.00%	1.06%	2.75%	1.09%	24.51%	9.09%	3.77%	0.71%

Frequently Asked Questions

Can I hold both BOUT and UTRN in my portfolio?

BOUT and UTRN have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BOUT or UTRN?

On fees, UTRN is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BOUT or UTRN?

UTRN is cheaper with a 0.75% expense ratio, compared with 0.80% for BOUT.

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

BOUT has the higher dividend yield at 0.26%, compared with 0.00% for UTRN.

What is the main difference between BOUT and UTRN?

BOUT is categorized as Mid Cap Growth Equities, while UTRN is Large Cap Blend Equities. BOUT tracks IBD Breakout Stocks Total Return Index, while UTRN tracks Vesper US Large Cap Short-Term Reversal Index. They also come from different issuers: Innovator and Exchange Traded Concepts. Their fees differ too: 0.80% for BOUT and 0.75% for UTRN.