KSEP vs. FFTY
KSEP (Innovator U.S. Small Cap Power Buffer ETF - September) and FFTY (Innovator IBD 50 ETF) are both exchange-traded funds - KSEP is a Defined Outcome fund actively managed by Innovator, while FFTY is a Large Cap Growth Equities fund tracking the IBD 50 Index. KSEP is actively managed, while FFTY is passively managed. Over the past year, KSEP returned 20.63% vs 38.14% for FFTY. A 0.72 correlation means they provide meaningful diversification when combined. KSEP charges 0.79%/yr vs 0.80%/yr for FFTY.
Performance
KSEP vs. FFTY - Performance Comparison
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Returns By Period
In the year-to-date period, KSEP achieves a 8.77% return, which is significantly lower than FFTY's 20.11% return.
KSEP
- 1D
- -0.28%
- 1M
- 1.76%
- YTD
- 8.77%
- 6M
- 8.72%
- 1Y
- 20.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFTY
- 1D
- -0.14%
- 1M
- 7.67%
- YTD
- 20.11%
- 6M
- 21.02%
- 1Y
- 38.14%
- 3Y*
- 21.57%
- 5Y*
- -0.60%
- 10Y*
- 7.57%
KSEP vs. FFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSEP Innovator U.S. Small Cap Power Buffer ETF - September | 8.77% | 8.54% | 3.08% |
FFTY Innovator IBD 50 ETF | 20.11% | 23.38% | 15.89% |
Correlation
The correlation between KSEP and FFTY is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.72 |
The correlation between KSEP and FFTY has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
KSEP vs. FFTY — Risk / Return Rank
KSEP
FFTY
KSEP vs. FFTY - 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 Innovator IBD 50 ETF (FFTY). 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.
| KSEP | FFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.20 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 1.65 | +2.71 |
| Martin ratioReturn relative to average drawdown | 15.77 | 4.36 | +11.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KSEP | FFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.12 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.20 | +0.83 |
Drawdowns
KSEP vs. FFTY - Drawdown Comparison
The maximum KSEP drawdown since its inception was -14.92%, smaller than the maximum FFTY drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for KSEP and FFTY.
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Drawdown Indicators
| KSEP | FFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.92% | -59.46% | +44.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -23.29% | +18.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.46% | — |
Current DrawdownCurrent decline from peak | -0.28% | -15.34% | +15.06% |
Average DrawdownAverage peak-to-trough decline | -2.45% | -22.38% | +19.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 8.77% | -7.46% |
Volatility
KSEP vs. FFTY - Volatility Comparison
The current volatility for Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) is 1.63%, while Innovator IBD 50 ETF (FFTY) has a volatility of 9.42%. This indicates that KSEP experiences smaller price fluctuations and is considered to be less risky than FFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSEP | FFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 9.42% | -7.79% |
Volatility (6M)Calculated over the trailing 6-month period | 6.27% | 26.18% | -19.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.16% | 34.09% | -23.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.65% | 29.14% | -17.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 27.41% | -15.76% |
KSEP vs. FFTY - Expense Ratio Comparison
KSEP has a 0.79% expense ratio, which is lower than FFTY's 0.80% expense ratio.
Dividends
KSEP vs. FFTY - Dividend Comparison
KSEP has not paid dividends to shareholders, while FFTY's dividend yield for the trailing twelve months is around 1.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FFTY Innovator IBD 50 ETF | 1.12% | 1.35% | 0.91% | 0.65% | 2.75% | 0.22% | 0.00% | 0.00% | 0.00% | 0.17% |
KSEP Innovator U.S. Small Cap Power Buffer ETF - September | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KSEP and FFTY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFTY has higher volatility (9.42%) compared to KSEP (1.63%). In terms of maximum drawdown, KSEP dropped -14.92% vs FFTY's -59.46%.
On 1-year performance, FFTY leads with 38.14% vs 20.63% for KSEP. On fees, KSEP is cheaper at 0.79% per year. On volatility, KSEP has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFTY has performed better with a 38.14% return vs 20.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KSEP is cheaper with a 0.79% expense ratio, compared with 0.80% for FFTY.
FFTY has the higher dividend yield at 1.12%, compared with 0.00% for KSEP.
KSEP is categorized as Defined Outcome, while FFTY is Large Cap Growth Equities. Their fees differ too: 0.79% for KSEP and 0.80% for FFTY.
KSEP currently has the higher Sharpe Ratio (2.04 vs 1.12), 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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