BSEP vs. BGLD
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - September (BSEP) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD).
BSEP and BGLD 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 S&P 500 Index. It was launched on Aug 30, 2019. BGLD is an actively managed fund by FT Vest. It was launched on Jan 20, 2021.
Performance
BSEP vs. BGLD - Performance Comparison
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BSEP vs. BGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSEP Innovator U.S. Equity Buffer ETF - September | -2.37% | 14.80% | 16.96% | 20.94% | -9.20% | 12.72% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 0.18% | 33.03% | 21.80% | 13.24% | -2.42% | -5.57% |
Returns By Period
In the year-to-date period, BSEP achieves a -2.37% return, which is significantly lower than BGLD's 0.18% return.
BSEP
- 1D
- 2.02%
- 1M
- -3.16%
- YTD
- -2.37%
- 6M
- -0.42%
- 1Y
- 15.10%
- 3Y*
- 14.40%
- 5Y*
- 9.46%
- 10Y*
- —
BGLD
- 1D
- 2.63%
- 1M
- -6.42%
- YTD
- 0.18%
- 6M
- 2.66%
- 1Y
- 16.42%
- 3Y*
- 20.21%
- 5Y*
- 12.18%
- 10Y*
- —
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BSEP vs. BGLD - Expense Ratio Comparison
BSEP has a 0.79% expense ratio, which is lower than BGLD's 0.91% expense ratio.
Return for Risk
BSEP vs. BGLD — Risk / Return Rank
BSEP
BGLD
BSEP vs. BGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - September (BSEP) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). 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.
| BSEP | BGLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 1.37 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.89 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.51 | +0.21 |
Martin ratioReturn relative to average drawdown | 9.10 | 7.80 | +1.30 |
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
| BSEP | BGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.37 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 1.24 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.09 | -0.29 |
Correlation
The correlation between BSEP and BGLD is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BSEP vs. BGLD - Dividend Comparison
BSEP has not paid dividends to shareholders, while BGLD's dividend yield for the trailing twelve months is around 44.24%.
| TTM | 2025 | 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% | 0.00% | 1.39% |
BGLD FT Vest Gold Strategy Quarterly Buffer ETF | 44.24% | 44.32% | 25.04% | 10.49% | 0.40% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSEP vs. BGLD - Drawdown Comparison
The maximum BSEP drawdown since its inception was -23.98%, which is greater than BGLD's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for BSEP and BGLD.
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Drawdown Indicators
| BSEP | BGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.98% | -16.19% | -7.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -11.11% | +2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -16.19% | +1.17% |
Current DrawdownCurrent decline from peak | -3.79% | -7.35% | +3.56% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -3.54% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.15% | -0.45% |
Volatility
BSEP vs. BGLD - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - September (BSEP) is 3.82%, while FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) has a volatility of 6.83%. This indicates that BSEP experiences smaller price fluctuations and is considered to be less risky than BGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSEP | BGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 6.83% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 9.28% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 12.06% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.60% | 9.88% | +1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 9.87% | +4.04% |