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. A 0.61 correlation means they provide meaningful diversification when combined. 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 8.12% return, which is significantly higher than TEND's 7.37% return.
EAPR
- 1D
- -1.78%
- 1M
- -1.67%
- 6M
- 7.37%
- YTD
- 8.12%
- 1Y
- 14.61%
- 3Y*
- 8.48%
- 5Y*
- 4.81%
- 10Y*
- —
TEND
- 1D
- -0.49%
- 1M
- 1.28%
- 6M
- 6.08%
- YTD
- 7.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EAPR vs. TEND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EAPR Innovator Emerging Markets Power Buffer ETF - April | 8.12% | 1.59% |
TEND iShares Large Cap 10% Target Buffer Dec ETF | 7.37% | 1.62% |
Correlation
The correlation between EAPR and TEND is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | 0.61 |
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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 | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | — | — |
| Martin ratioReturn relative to average drawdown | 16.13 | — | — |
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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 | -3.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | — | — |
Current DrawdownCurrent decline from peak | -3.71% | -0.49% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -0.75% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | — | — |
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 | 5.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.09% | 8.17% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.38% | 8.17% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.25% | 8.17% | +2.08% |
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 0.61, 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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