EAPR vs. TEND
EAPR (Innovator Emerging Markets Power Buffer ETF - April) and TEND (iShares Large Cap 10% Target Buffer Dec ETF) are both Defined Outcome funds. EAPR is passively managed, while TEND is actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. EAPR charges 0.89%/yr vs 0.50%/yr for TEND.
Performance
EAPR vs. TEND - Performance Comparison
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Returns By Period
In the year-to-date period, EAPR achieves a 9.17% return, which is significantly higher than TEND's 7.75% return.
EAPR
- 1D
- 0.61%
- 1M
- 0.32%
- 6M
- 8.21%
- YTD
- 9.17%
- 1Y
- 15.75%
- 3Y*
- 8.62%
- 5Y*
- 5.46%
- 10Y*
- —
- ALL TIME*
- 4.84%
TEND
- 1D
- 0.59%
- 1M
- 0.79%
- 6M
- 6.75%
- YTD
- 7.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $354.30K | $262.28K | $462.78K | |
| $56.09K | $116.30K | $2.97M |
EAPR vs. TEND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EAPR Innovator Emerging Markets Power Buffer ETF - April | 9.17% | 1.59% |
TEND iShares Large Cap 10% Target Buffer Dec ETF | 7.75% | 1.62% |
Correlation
The correlation between EAPR and TEND is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | 0.62 |
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Return for Risk
EAPR vs. TEND — Risk / Return Rank
EAPR
TEND
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EAPR vs. TEND - 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 Large Cap 10% Target Buffer Dec ETF (TEND). 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 | TEND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | — | — |
| Martin ratioReturn relative to average drawdown | 12.34 | — | — |
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Drawdowns
EAPR vs. TEND - Drawdown Comparison
The maximum EAPR drawdown since its inception was -17.65%, which is greater than TEND's maximum drawdown of -5.92%. Use the drawdown chart below to compare losses from any high point for EAPR and TEND.
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Drawdown Indicators
| EAPR | TEND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.65% | -5.92% | -11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | — | — |
Current DrawdownCurrent decline from peak | -2.78% | -0.13% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -0.75% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | — | — |
Volatility
EAPR vs. TEND - Volatility Comparison
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Volatility by Period
| EAPR | TEND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.63% | 8.20% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.41% | 8.20% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.30% | 8.20% | +2.10% |
EAPR vs. TEND - Expense Ratio Comparison
EAPR has a 0.89% expense ratio, which is higher than TEND's 0.50% expense ratio.
Dividends
EAPR vs. TEND - Dividend Comparison
EAPR has not paid dividends to shareholders, while TEND's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 |
|---|---|---|
EAPR Innovator Emerging Markets Power Buffer ETF - April | 0.00% | 0.00% |
TEND iShares Large Cap 10% Target Buffer Dec ETF | 0.13% | 0.14% |
Frequently Asked Questions
EAPR and TEND have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TEND is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TEND is cheaper with a 0.50% expense ratio, compared with 0.89% for EAPR.
TEND has the higher dividend yield at 0.13%, compared with 0.00% for EAPR.
They also come from different issuers: Innovator and BlackRock. Their fees differ too: 0.89% for EAPR and 0.50% for TEND.
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