KSEP vs. MSOO

Last updated Aug 4, 2026

KSEP (Innovator U.S. Small Cap Power Buffer ETF - September) and MSOO (Leverage Shares 2x Capped Accelerated MSTR Monthly ETF) are both Defined Outcome funds. Both are actively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. KSEP charges 0.79%/yr vs 0.78%/yr for MSOO.

Performance

KSEP vs. MSOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Small Cap Power Buffer ETF - September (KSEP) and Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KSEP achieves a 11.62% return, which is significantly higher than MSOO's -26.25% return.

KSEP

• 1D: 0.24%
• 1M: 0.96%
• 6M: 8.24%
• YTD: 11.62%
• 1Y: 22.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.49%

MSOO

• 1D: 0.00%
• 1M: 0.00%
• 6M: -20.14%
• YTD: -26.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KSEP Innovator U.S. Small Cap Power Buffer ETF - September	$31.44K	$42.04K	$89.83K
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	$0.00	$0.00	$6.49K

KSEP vs. MSOO - Yearly Performance Comparison

	2026 (YTD)	2025
KSEP Innovator U.S. Small Cap Power Buffer ETF - September	11.62%	6.78%
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	-26.25%	-61.39%

Correlation

The correlation between KSEP and MSOO is 0.53, 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 Aug 13, 2025	0.53

Return for Risk

KSEP vs. MSOO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KSEP

KSEP Risk / Return Rank: 92
KSEP Sharpe Ratio Rank: 89
KSEP Sortino Ratio Rank: 92
KSEP Omega Ratio Rank: 91
KSEP Calmar Ratio Rank: 93
KSEP Martin Ratio Rank: 93

MSOO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KSEP vs. MSOO - 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 Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). 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	MSOO	Difference
Sharpe ratio: Return per unit of total volatility	2.32	—	—
Sortino ratio: Return per unit of downside risk	3.56	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	4.72	—	—
Martin ratio: Return relative to average drawdown	18.46	—	—

Drawdowns

KSEP vs. MSOO - Drawdown Comparison

The maximum KSEP drawdown since its inception was -14.92%, smaller than the maximum MSOO drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for KSEP and MSOO.

Drawdown Indicators

	KSEP	MSOO	Difference
Max Drawdown Largest peak-to-trough decline	-14.92%	-73.17%	+58.25%
Max Drawdown (1Y) Largest decline over 1 year	-4.75%	—	—
Current Drawdown Current decline from peak	0.00%	-71.52%	+71.52%
Average Drawdown Average peak-to-trough decline	-2.28%	-51.94%	+49.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.21%	—	—

Volatility

Volatility by Period

	KSEP	MSOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	65.04%	-55.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.28%	65.04%	-53.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.28%	65.04%	-53.76%

KSEP vs. MSOO - Expense Ratio Comparison

KSEP has a 0.79% expense ratio, which is higher than MSOO's 0.78% expense ratio.

Dividends

KSEP vs. MSOO - Dividend Comparison

KSEP has not paid dividends to shareholders, while MSOO's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025
KSEP Innovator U.S. Small Cap Power Buffer ETF - September	0.00%	0.00%
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	2.20%	1.63%

Frequently Asked Questions

Can I hold both KSEP and MSOO in my portfolio?

KSEP and MSOO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KSEP or MSOO?

On fees, MSOO is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KSEP or MSOO?

MSOO is cheaper with a 0.78% expense ratio, compared with 0.79% for KSEP.

Which ETF pays a higher dividend yield, KSEP or MSOO?

MSOO has the higher dividend yield at 2.20%, compared with 0.00% for KSEP.

What is the main difference between KSEP and MSOO?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for KSEP and 0.78% for MSOO.