EAPR vs. IBIC
EAPR (Innovator Emerging Markets Power Buffer ETF - April) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - EAPR is a Defined Outcome fund tracking the MSCI Emerging Markets, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, EAPR returned 18.07% vs 4.42% for IBIC. At a 0.03 correlation, their price movements are largely independent. EAPR charges 0.89%/yr vs 0.10%/yr for IBIC.
Performance
EAPR vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, EAPR achieves a 9.33% return, which is significantly higher than IBIC's 2.43% return.
EAPR
- 1D
- -2.64%
- 1M
- -0.09%
- YTD
- 9.33%
- 6M
- 9.33%
- 1Y
- 18.07%
- 3Y*
- 9.89%
- 5Y*
- 4.84%
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EAPR vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EAPR Innovator Emerging Markets Power Buffer ETF - April | 9.33% | 14.80% | 2.86% | 2.57% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between EAPR and IBIC is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.03 |
The correlation between EAPR and IBIC shifts across timeframes, from -0.09 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EAPR vs. IBIC — Risk / Return Rank
EAPR
IBIC
EAPR vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - April (EAPR) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
| EAPR | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -5.86 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 2.22 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 16.56 | -11.91 |
| Martin ratioReturn relative to average drawdown | 25.14 | 58.67 | -33.53 |
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Drawdowns
EAPR vs. IBIC - Drawdown Comparison
The maximum EAPR drawdown since its inception was -17.65%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for EAPR and IBIC.
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Drawdown Indicators
| EAPR | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.65% | -0.90% | -16.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -0.27% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -10.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | — | — |
Current DrawdownCurrent decline from peak | -2.64% | -0.08% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -0.10% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.08% | +0.64% |
Volatility
EAPR vs. IBIC - Volatility Comparison
Innovator Emerging Markets Power Buffer ETF - April (EAPR) has a higher volatility of 5.46% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that EAPR's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EAPR | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 0.17% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 0.67% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.68% | 0.89% | +7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 1.56% | +8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 1.56% | +8.65% |
EAPR vs. IBIC - Expense Ratio Comparison
EAPR has a 0.89% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
EAPR vs. IBIC - Dividend Comparison
EAPR has not paid dividends to shareholders, while IBIC's dividend yield for the trailing twelve months is around 3.58%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EAPR Innovator Emerging Markets Power Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% |
Frequently Asked Questions
EAPR and IBIC have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EAPR has higher volatility (5.46%) compared to IBIC (0.17%). In terms of maximum drawdown, EAPR dropped -17.65% vs IBIC's -0.90%.
On 1-year performance, EAPR leads with 18.07% vs 4.42% for IBIC. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EAPR has performed better with a 18.07% return vs 4.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.89% for EAPR.
IBIC has the higher dividend yield at 3.58%, compared with 0.00% for EAPR.
EAPR is categorized as Defined Outcome, while IBIC is Inflation-Protected Bonds. EAPR tracks MSCI Emerging Markets, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.89% for EAPR and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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