BUFB vs. KAPR
Compare and contrast key facts about Innovator Laddered Allocation Buffer ETF (BUFB) and Innovator Russell 2000 Power Buffer ETF - April (KAPR).
BUFB and KAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUFB is a passively managed fund by Innovator that tracks the performance of the MerQube U.S. Large Cap Equity Buffer Laddered Index - Benchmark TR Gross. It was launched on Feb 8, 2022. KAPR is a passively managed fund by Innovator that tracks the performance of the Russell 2000 Index. It was launched on Mar 31, 2020. Both BUFB and KAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BUFB vs. KAPR - Performance Comparison
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BUFB vs. KAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BUFB Innovator Laddered Allocation Buffer ETF | -1.98% | 13.42% | 16.37% | 20.50% | -8.37% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 3.19% | 7.42% | 12.10% | 15.36% | -4.98% |
Returns By Period
In the year-to-date period, BUFB achieves a -1.98% return, which is significantly lower than KAPR's 3.19% return.
BUFB
- 1D
- 1.90%
- 1M
- -2.74%
- YTD
- -1.98%
- 6M
- 0.48%
- 1Y
- 14.29%
- 3Y*
- 13.68%
- 5Y*
- —
- 10Y*
- —
KAPR
- 1D
- 0.62%
- 1M
- 1.14%
- YTD
- 3.19%
- 6M
- 5.99%
- 1Y
- 17.50%
- 3Y*
- 10.87%
- 5Y*
- 6.01%
- 10Y*
- —
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BUFB vs. KAPR - Expense Ratio Comparison
BUFB has a 0.89% expense ratio, which is higher than KAPR's 0.79% expense ratio.
Return for Risk
BUFB vs. KAPR — Risk / Return Rank
BUFB
KAPR
BUFB vs. KAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Laddered Allocation Buffer ETF (BUFB) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). 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.
| BUFB | KAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.72 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.70 | 2.47 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.10 | -0.50 |
Martin ratioReturn relative to average drawdown | 8.88 | 12.86 | -3.98 |
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
| BUFB | KAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.72 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.73 | +0.01 |
Correlation
The correlation between BUFB and KAPR 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.
Dividends
BUFB vs. KAPR - Dividend Comparison
Neither BUFB nor KAPR has paid dividends to shareholders.
Drawdowns
BUFB vs. KAPR - Drawdown Comparison
The maximum BUFB drawdown since its inception was -14.88%, smaller than the maximum KAPR drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for BUFB and KAPR.
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Drawdown Indicators
| BUFB | KAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.88% | -16.91% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -8.39% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.91% | — |
Current DrawdownCurrent decline from peak | -3.31% | 0.00% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -4.02% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.37% | +0.29% |
Volatility
BUFB vs. KAPR - Volatility Comparison
Innovator Laddered Allocation Buffer ETF (BUFB) has a higher volatility of 3.84% compared to Innovator Russell 2000 Power Buffer ETF - April (KAPR) at 1.70%. This indicates that BUFB's price experiences larger fluctuations and is considered to be riskier than KAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUFB | KAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 1.70% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 5.89% | 3.93% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 10.19% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.17% | 11.77% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.17% | 11.72% | +0.45% |