BSEP vs. BALT
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - September (BSEP) and Innovator Defined Wealth Shield ETF (BALT).
BSEP and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSEP is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index September. It was launched on Sep 3, 2019. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSEP or BALT.
Correlation
The correlation between BSEP and BALT is 0.76, 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
BSEP vs. BALT - Performance Comparison
Key characteristics
BSEP:
2.04
BALT:
3.16
BSEP:
2.82
BALT:
4.60
BSEP:
1.42
BALT:
1.70
BSEP:
3.94
BALT:
5.31
BSEP:
16.58
BALT:
27.72
BSEP:
0.93%
BALT:
0.35%
BSEP:
7.56%
BALT:
3.11%
BSEP:
-23.98%
BALT:
-2.16%
BSEP:
-1.22%
BALT:
-0.33%
Returns By Period
In the year-to-date period, BSEP achieves a 1.84% return, which is significantly higher than BALT's 1.16% return.
BSEP
1.84%
-0.46%
5.40%
13.71%
10.66%
N/A
BALT
1.16%
0.33%
4.25%
9.45%
N/A
N/A
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BSEP vs. BALT - Expense Ratio Comparison
BSEP has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
BSEP vs. BALT — Risk-Adjusted Performance Rank
BSEP
BALT
BSEP vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - September (BSEP) and Innovator Defined Wealth Shield ETF (BALT). 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
BSEP vs. BALT - Dividend Comparison
Neither BSEP nor BALT has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
BSEP Innovator U.S. Equity Buffer ETF - September | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.39% |
BALT Innovator Defined Wealth Shield ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSEP vs. BALT - Drawdown Comparison
The maximum BSEP drawdown since its inception was -23.98%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for BSEP and BALT. For additional features, visit the drawdowns tool.
Volatility
BSEP vs. BALT - Volatility Comparison
Innovator U.S. Equity Buffer ETF - September (BSEP) has a higher volatility of 2.00% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.68%. This indicates that BSEP's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.