KFEB vs. BUFH

Last updated Jun 4, 2026

KFEB (Innovator U.S. Small Cap Power Buffer ETF - February) and BUFH (FT Vest Laddered Max Buffer ETF) are both Defined Outcome funds. A 0.59 correlation means they provide meaningful diversification when combined. KFEB charges 0.79%/yr vs 0.95%/yr for BUFH.

Performance

KFEB vs. BUFH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Small Cap Power Buffer ETF - February (KFEB) and FT Vest Laddered Max Buffer ETF (BUFH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KFEB achieves a 11.46% return, which is significantly higher than BUFH's 2.45% return.

KFEB

• 1D: -0.56%
• 1M: 1.73%
• YTD: 11.46%
• 6M: 10.76%
• 1Y: 24.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFH

• 1D: -0.05%
• 1M: 0.75%
• YTD: 2.45%
• 6M: 2.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KFEB vs. BUFH - Yearly Performance Comparison

	2026 (YTD)	2025
KFEB Innovator U.S. Small Cap Power Buffer ETF - February	11.46%	10.48%
BUFH FT Vest Laddered Max Buffer ETF	2.45%	3.89%

Correlation

The correlation between KFEB and BUFH is 0.59, 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 Jun 26, 2025	0.59

Return for Risk

KFEB vs. BUFH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KFEB

KFEB Risk / Return Rank: 74
KFEB Sharpe Ratio Rank: 70
KFEB Sortino Ratio Rank: 73
KFEB Omega Ratio Rank: 65
KFEB Calmar Ratio Rank: 82
KFEB Martin Ratio Rank: 80

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.

KFEB vs. BUFH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - February (KFEB) and FT Vest Laddered Max Buffer ETF (BUFH). 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.

	KFEB	BUFH	Difference
Sharpe ratio: Return per unit of total volatility	2.25	—	—
Sortino ratio: Return per unit of downside risk	3.26	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.25	—	—
Martin ratio: Return relative to average drawdown	15.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KFEB	BUFH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	2.91	-1.73

Drawdowns

KFEB vs. BUFH - Drawdown Comparison

The maximum KFEB drawdown since its inception was -14.16%, which is greater than BUFH's maximum drawdown of -1.53%. Use the drawdown chart below to compare losses from any high point for KFEB and BUFH.

Drawdown Indicators

	KFEB	BUFH	Difference
Max Drawdown Largest peak-to-trough decline	-14.16%	-1.53%	-12.63%
Max Drawdown (1Y) Largest decline over 1 year	-5.80%	—	—
Current Drawdown Current decline from peak	-0.57%	-0.05%	-0.52%
Average Drawdown Average peak-to-trough decline	-2.33%	-0.18%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	—	—

Volatility

Volatility by Period

	KFEB	BUFH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	2.37%	+8.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	2.37%	+10.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.27%	2.37%	+10.90%

KFEB vs. BUFH - Expense Ratio Comparison

KFEB has a 0.79% expense ratio, which is lower than BUFH's 0.95% expense ratio.

Dividends

KFEB vs. BUFH - Dividend Comparison

Neither KFEB nor BUFH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KFEB and BUFH in my portfolio?

KFEB and BUFH have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KFEB or BUFH?

On fees, KFEB 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, KFEB or BUFH?

KFEB is cheaper with a 0.79% expense ratio, compared with 0.95% for BUFH.

Which ETF pays a higher dividend yield, KFEB or BUFH?

KFEB and BUFH have nearly identical dividend yields, around 0.00%.

What is the main difference between KFEB and BUFH?

They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for KFEB and 0.95% for BUFH.