DGJA vs. BAPR

Last updated Jul 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 0.92 suggests significant overlap in exposure. 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: 0.10%
• 1M: 0.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAPR

• 1D: -0.11%
• 1M: -0.11%
• YTD: 10.88%
• 6M: 10.88%
• 1Y: 17.78%
• 3Y*: 14.12%
• 5Y*: 10.79%
• 10Y*: —

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

DGJA vs. BAPR - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	4.14%
BAPR Innovator U.S. Equity Buffer ETF - April	10.25%

Correlation

The correlation between DGJA and BAPR is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.92

Return for Risk

DGJA vs. BAPR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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: 96
BAPR Sharpe Ratio Rank: 95
BAPR Sortino Ratio Rank: 96
BAPR Omega Ratio Rank: 96
BAPR Calmar Ratio Rank: 97
BAPR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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	—	3.08	—
Sortino ratio: Return per unit of downside risk	—	5.07	—
Omega ratio: Gain probability vs. loss probability	—	1.72	—
Calmar ratio: Return relative to maximum drawdown	—	9.24	—
Martin ratio: Return relative to average drawdown	—	43.27	—

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%	-0.17%	+0.17%
Average Drawdown Average peak-to-trough decline	-0.51%	-2.57%	+2.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.41%	—

Volatility

Volatility by Period

	DGJA	BAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	5.80%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.57%	11.52%	-5.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.57%	13.07%	-7.50%

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 0.92, 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.