DGJA vs. BAPR

Last updated Aug 2, 2026

DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and BAPR (Innovator U.S. Equity Buffer ETF - April) are both Defined Outcome funds. DGJA is actively managed, while BAPR is passively managed. Their correlation of 0.91 means they have usually moved in the same direction. DGJA charges 0.85%/yr vs 0.79%/yr for BAPR.

Performance

DGJA vs. BAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and Innovator U.S. Equity Buffer ETF - April (BAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DGJA

• 1D: 0.19%
• 1M: 0.66%
• 6M: 4.41%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BAPR

• 1D: 0.55%
• 1M: 0.89%
• 6M: 11.13%
• YTD: 11.91%
• 1Y: 18.11%
• 3Y*: 13.78%
• 5Y*: 10.92%
• 10Y*: —
• ALL TIME*: 10.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BAPR Innovator U.S. Equity Buffer ETF - April	$248.94K	$604.46K	$476.54K
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	$21.85K	$11.38K	$8.50K

DGJA vs. BAPR - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	4.81%
BAPR Innovator U.S. Equity Buffer ETF - April	11.27%

Correlation

The correlation between DGJA and BAPR is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.91

Return for Risk

DGJA vs. BAPR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DGJA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BAPR

BAPR Risk / Return Rank: 97
BAPR Sharpe Ratio Rank: 96
BAPR Sortino Ratio Rank: 97
BAPR Omega Ratio Rank: 96
BAPR Calmar Ratio Rank: 98
BAPR Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DGJA vs. BAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and Innovator U.S. Equity Buffer ETF - April (BAPR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DGJA	BAPR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.95	—
Sortino ratio: Return per unit of downside risk	—	4.80	—
Omega ratio: Gain probability vs. loss probability	—	1.67	—
Calmar ratio: Return relative to maximum drawdown	—	9.02	—
Martin ratio: Return relative to average drawdown	—	41.44	—

Drawdowns

DGJA vs. BAPR - Drawdown Comparison

The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum BAPR drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for DGJA and BAPR.

Drawdown Indicators

	DGJA	BAPR	Difference
Max Drawdown Largest peak-to-trough decline	-3.79%	-23.91%	+20.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.58%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.44%	-2.55%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.42%	—

Volatility

Volatility by Period

	DGJA	BAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.20%	5.93%	-0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.20%	11.51%	-6.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	13.01%	-7.81%

DGJA vs. BAPR - Expense Ratio Comparison

DGJA has a 0.85% expense ratio, which is higher than BAPR's 0.79% expense ratio.

Dividends

DGJA vs. BAPR - Dividend Comparison

Neither DGJA nor BAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DGJA and BAPR in my portfolio?

With a correlation of 0.91, DGJA and BAPR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DGJA or BAPR?

On fees, BAPR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGJA or BAPR?

BAPR is cheaper with a 0.79% expense ratio, compared with 0.85% for DGJA.

Which ETF pays a higher dividend yield, DGJA or BAPR?

DGJA and BAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between DGJA and BAPR?

They also come from different issuers: First Trust and Innovator. Their fees differ too: 0.85% for DGJA and 0.79% for BAPR.