KSEP vs. APRB
KSEP (Innovator U.S. Small Cap Power Buffer ETF - September) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. KSEP charges 0.79%/yr vs 0.25%/yr for APRB.
Performance
KSEP vs. APRB - Performance Comparison
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Returns By Period
In the year-to-date period, KSEP achieves a 10.60% return, which is significantly higher than APRB's 5.26% return.
KSEP
- 1D
- -0.19%
- 1M
- 1.07%
- 6M
- 7.55%
- YTD
- 10.60%
- 1Y
- 18.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB
- 1D
- -0.20%
- 1M
- 0.77%
- 6M
- 4.16%
- YTD
- 5.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KSEP vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KSEP Innovator U.S. Small Cap Power Buffer ETF - September | 10.60% | 1.32% |
APRB Aptus April Buffer ETF | 5.26% | 2.48% |
Correlation
The correlation between KSEP and APRB is 0.75, 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 14, 2025 | 0.75 |
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Return for Risk
KSEP vs. APRB — Risk / Return Rank
KSEP
APRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KSEP vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) and Aptus April Buffer ETF (APRB). 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.
| KSEP | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | — | — |
| Martin ratioReturn relative to average drawdown | 14.60 | — | — |
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Drawdowns
KSEP vs. APRB - Drawdown Comparison
The maximum KSEP drawdown since its inception was -14.92%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for KSEP and APRB.
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Drawdown Indicators
| KSEP | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.92% | -4.59% | -10.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.24% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -0.68% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | — | — |
Volatility
KSEP vs. APRB - Volatility Comparison
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Volatility by Period
| KSEP | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.99% | 5.80% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.45% | 5.80% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.45% | 5.80% | +5.65% |
KSEP vs. APRB - Expense Ratio Comparison
KSEP has a 0.79% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
KSEP vs. APRB - Dividend Comparison
Neither KSEP nor APRB has paid dividends to shareholders.
Frequently Asked Questions
KSEP and APRB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.79% for KSEP.
KSEP and APRB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for KSEP and 0.25% for APRB.
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