DAPR vs. ZAPR
Compare and contrast key facts about FT Vest U.S. Equity Deep Buffer ETF - April (DAPR) and Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR).
DAPR and ZAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DAPR is a passively managed fund by FT Vest that tracks the performance of the S&P 500. It was launched on Apr 16, 2021. ZAPR is an actively managed fund by Innovator. It was launched on Apr 1, 2025.
Performance
DAPR vs. ZAPR - Performance Comparison
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DAPR vs. ZAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DAPR FT Vest U.S. Equity Deep Buffer ETF - April | 1.06% | 5.51% |
ZAPR Innovator Equity Defined Protection ETF - 1 Yr April | 1.24% | 5.29% |
Returns By Period
In the year-to-date period, DAPR achieves a 1.06% return, which is significantly lower than ZAPR's 1.24% return.
DAPR
- 1D
- 0.47%
- 1M
- 0.29%
- YTD
- 1.06%
- 6M
- 2.92%
- 1Y
- 6.82%
- 3Y*
- 10.27%
- 5Y*
- —
- 10Y*
- —
ZAPR
- 1D
- 0.04%
- 1M
- 0.46%
- YTD
- 1.24%
- 6M
- 2.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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DAPR vs. ZAPR - Expense Ratio Comparison
DAPR has a 0.85% expense ratio, which is higher than ZAPR's 0.79% expense ratio.
Return for Risk
DAPR vs. ZAPR — Risk / Return Rank
DAPR
ZAPR
DAPR vs. ZAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Deep Buffer ETF - April (DAPR) and Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR). 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.
| DAPR | ZAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | — | — |
Sortino ratioReturn per unit of downside risk | 0.93 | — | — |
Omega ratioGain probability vs. loss probability | 1.26 | — | — |
Calmar ratioReturn relative to maximum drawdown | 0.76 | — | — |
Martin ratioReturn relative to average drawdown | 4.28 | — | — |
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
| DAPR | ZAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 2.55 | -1.84 |
Correlation
The correlation between DAPR and ZAPR is 0.71, 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
DAPR vs. ZAPR - Dividend Comparison
Neither DAPR nor ZAPR has paid dividends to shareholders.
Drawdowns
DAPR vs. ZAPR - Drawdown Comparison
The maximum DAPR drawdown since its inception was -10.51%, which is greater than ZAPR's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for DAPR and ZAPR.
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Drawdown Indicators
| DAPR | ZAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.51% | -1.72% | -8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -0.10% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | — | — |
Volatility
DAPR vs. ZAPR - Volatility Comparison
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Volatility by Period
| DAPR | ZAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.61% | 2.62% | +8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 2.62% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.27% | 2.62% | +5.65% |