BUFF vs. SPCIX
Compare and contrast key facts about Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) and SilverPepper Commodity Strategies Global Macro Fund (SPCIX).
BUFF is a passively managed fund by Innovator that tracks the performance of the Refinitiv Laddered Power Buffer Strategy Index. It was launched on Oct 20, 2016. SPCIX is managed by SilverPepper. It was launched on Oct 30, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFF or SPCIX.
Key characteristics
| BUFF | SPCIX |
|---|
Correlation
The correlation between BUFF and SPCIX is 0.16, 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.
Performance
BUFF vs. SPCIX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BUFF vs. SPCIX - Expense Ratio Comparison
BUFF has a 0.99% expense ratio, which is lower than SPCIX's 1.94% expense ratio.
Risk-Adjusted Performance
BUFF vs. SPCIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) and SilverPepper Commodity Strategies Global Macro Fund (SPCIX). 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
BUFF vs. SPCIX - Dividend Comparison
Neither BUFF nor SPCIX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BUFF Innovator Laddered Fund of U.S. Equity Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.68% | 1.74% | 1.55% | 0.18% |
SPCIX SilverPepper Commodity Strategies Global Macro Fund | 0.00% | 0.00% | 28.28% | 23.57% | 0.00% | 0.09% | 5.54% | 0.28% | 0.00% |
Drawdowns
BUFF vs. SPCIX - Drawdown Comparison
Volatility
BUFF vs. SPCIX - Volatility Comparison
Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) has a higher volatility of 1.24% compared to SilverPepper Commodity Strategies Global Macro Fund (SPCIX) at 0.00%. This indicates that BUFF's price experiences larger fluctuations and is considered to be riskier than SPCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.