BUFX vs. KAPR
BUFX (FT Vest Laddered Enhance & Moderate Buffer ETF) and KAPR (Innovator Russell 2000 Power Buffer ETF - April) are both Defined Outcome funds. A 0.69 correlation means they provide meaningful diversification when combined. BUFX charges 0.96%/yr vs 0.79%/yr for KAPR.
Performance
BUFX vs. KAPR - Performance Comparison
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Returns By Period
In the year-to-date period, BUFX achieves a 4.10% return, which is significantly lower than KAPR's 10.96% return.
BUFX
- 1D
- -0.05%
- 1M
- 1.35%
- YTD
- 4.10%
- 6M
- 4.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KAPR
- 1D
- -0.52%
- 1M
- 1.70%
- YTD
- 10.96%
- 6M
- 11.76%
- 1Y
- 22.85%
- 3Y*
- 13.04%
- 5Y*
- 7.18%
- 10Y*
- —
BUFX vs. KAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BUFX FT Vest Laddered Enhance & Moderate Buffer ETF | 4.10% | 5.62% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 10.96% | 9.42% |
Correlation
The correlation between BUFX and KAPR is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.69 |
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Return for Risk
BUFX vs. KAPR — Risk / Return Rank
BUFX
KAPR
BUFX vs. KAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BUFX | KAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.53 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.68 | 0.83 | +1.85 |
Drawdowns
BUFX vs. KAPR - Drawdown Comparison
The maximum BUFX drawdown since its inception was -2.87%, smaller than the maximum KAPR drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for BUFX and KAPR.
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Drawdown Indicators
| BUFX | KAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.87% | -16.91% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.52% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.91% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.52% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -3.92% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.53% | — |
Volatility
BUFX vs. KAPR - Volatility Comparison
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Volatility by Period
| BUFX | KAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 6.54% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.98% | 11.75% | -7.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.98% | 11.63% | -7.65% |
BUFX vs. KAPR - Expense Ratio Comparison
BUFX has a 0.96% expense ratio, which is higher than KAPR's 0.79% expense ratio.
Dividends
BUFX vs. KAPR - Dividend Comparison
Neither BUFX nor KAPR has paid dividends to shareholders.
Frequently Asked Questions
BUFX and KAPR have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KAPR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KAPR is cheaper with a 0.79% expense ratio, compared with 0.96% for BUFX.
BUFX and KAPR have nearly identical dividend yields, around 0.00%.
They also come from different issuers: First Trust and Innovator. Their fees differ too: 0.96% for BUFX and 0.79% for KAPR.
Find the right allocation for BUFX and KAPR
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