BUFB vs. SPY
Compare and contrast key facts about Innovator Laddered Allocation Buffer ETF (BUFB) and SPDR S&P 500 ETF (SPY).
BUFB and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BUFB and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFB or SPY.
Correlation
The correlation between BUFB and SPY is 0.96, 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
BUFB vs. SPY - Performance Comparison
Key characteristics
BUFB:
2.32
SPY:
1.97
BUFB:
3.25
SPY:
2.64
BUFB:
1.46
SPY:
1.36
BUFB:
3.64
SPY:
2.97
BUFB:
19.33
SPY:
12.34
BUFB:
0.86%
SPY:
2.03%
BUFB:
7.20%
SPY:
12.68%
BUFB:
-14.88%
SPY:
-55.19%
BUFB:
0.00%
SPY:
-0.01%
Returns By Period
In the year-to-date period, BUFB achieves a 2.88% return, which is significantly lower than SPY's 4.03% return.
BUFB
2.88%
1.47%
6.57%
15.97%
N/A
N/A
SPY
4.03%
2.03%
9.65%
23.63%
14.28%
13.18%
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BUFB vs. SPY - Expense Ratio Comparison
BUFB has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BUFB vs. SPY — Risk-Adjusted Performance Rank
BUFB
SPY
BUFB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Laddered Allocation Buffer ETF (BUFB) and SPDR S&P 500 ETF (SPY). 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
BUFB vs. SPY - Dividend Comparison
BUFB has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFB Innovator Laddered Allocation Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BUFB vs. SPY - Drawdown Comparison
The maximum BUFB drawdown since its inception was -14.88%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BUFB and SPY. For additional features, visit the drawdowns tool.
Volatility
BUFB vs. SPY - Volatility Comparison
The current volatility for Innovator Laddered Allocation Buffer ETF (BUFB) is 1.88%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that BUFB experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.