LAPR vs. BUFG

Last updated Jun 4, 2026

LAPR (Innovator Premium Income 15 Buffer ETF - April) and BUFG (FT Cboe Vest Buffered Allocation Growth ETF) are both Options Trading funds. Both are actively managed. Over the past year, LAPR returned 7.01% vs 17.53% for BUFG. A 0.67 correlation means they provide meaningful diversification when combined. LAPR charges 0.79%/yr vs 1.05%/yr for BUFG.

Performance

LAPR vs. BUFG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - April (LAPR) and FT Cboe Vest Buffered Allocation Growth ETF (BUFG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAPR achieves a 3.32% return, which is significantly lower than BUFG's 6.40% return.

LAPR

• 1D: -0.04%
• 1M: 0.72%
• YTD: 3.32%
• 6M: 3.77%
• 1Y: 7.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFG

• 1D: -0.30%
• 1M: 2.34%
• YTD: 6.40%
• 6M: 6.86%
• 1Y: 17.53%
• 3Y*: 14.30%
• 5Y*: —
• 10Y*: —

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

LAPR vs. BUFG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LAPR Innovator Premium Income 15 Buffer ETF - April	3.32%	5.81%	4.82%
BUFG FT Cboe Vest Buffered Allocation Growth ETF	6.40%	12.33%	8.99%

Correlation

The correlation between LAPR and BUFG is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.67

The correlation between LAPR and BUFG has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.

Return for Risk

LAPR vs. BUFG — Risk / Return Rank

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

LAPR

LAPR Risk / Return Rank: 99
LAPR Sharpe Ratio Rank: 98
LAPR Sortino Ratio Rank: 99
LAPR Omega Ratio Rank: 99
LAPR Calmar Ratio Rank: 99
LAPR Martin Ratio Rank: 99

BUFG

BUFG Risk / Return Rank: 73
BUFG Sharpe Ratio Rank: 71
BUFG Sortino Ratio Rank: 74
BUFG Omega Ratio Rank: 76
BUFG Calmar Ratio Rank: 62
BUFG Martin Ratio Rank: 81

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.

LAPR vs. BUFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - April (LAPR) and FT Cboe Vest Buffered Allocation Growth ETF (BUFG). 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.

	LAPR	BUFG	Difference
Sharpe ratio Return per unit of total volatility	5.58	2.31	+3.27
Sortino ratio Return per unit of downside risk	12.13	3.34	+8.78
Omega ratio Gain probability vs. loss probability	2.93	1.45	+1.48
Calmar ratio Return relative to maximum drawdown	29.36	3.07	+26.29
Martin ratio Return relative to average drawdown	144.96	16.15	+128.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAPR vs. BUFG - Sharpe Ratio Comparison

The current LAPR Sharpe Ratio is 5.58, which is higher than the BUFG Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of LAPR and BUFG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LAPR	BUFG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.58	2.31	+3.27
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	0.74	+1.23

Drawdowns

LAPR vs. BUFG - Drawdown Comparison

The maximum LAPR drawdown since its inception was -3.81%, smaller than the maximum BUFG drawdown of -17.62%. Use the drawdown chart below to compare losses from any high point for LAPR and BUFG.

Drawdown Indicators

	LAPR	BUFG	Difference
Max Drawdown Largest peak-to-trough decline	-3.81%	-17.62%	+13.81%
Max Drawdown (1Y) Largest decline over 1 year	-0.24%	-5.74%	+5.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.20%	—
Current Drawdown Current decline from peak	-0.12%	-0.30%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.11%	-3.62%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	1.09%	-1.04%

Volatility

LAPR vs. BUFG - Volatility Comparison

The current volatility for Innovator Premium Income 15 Buffer ETF - April (LAPR) is 0.32%, while FT Cboe Vest Buffered Allocation Growth ETF (BUFG) has a volatility of 1.20%. This indicates that LAPR experiences smaller price fluctuations and is considered to be less risky than BUFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAPR	BUFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	1.20%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	1.00%	5.82%	-4.82%
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	7.64%	-6.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	11.84%	-8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	11.84%	-8.54%

LAPR vs. BUFG - Expense Ratio Comparison

LAPR has a 0.79% expense ratio, which is lower than BUFG's 1.05% expense ratio.

Dividends

LAPR vs. BUFG - Dividend Comparison

LAPR's dividend yield for the trailing twelve months is around 5.53%, while BUFG has not paid dividends to shareholders.

Position	TTM	2025	2024
BUFG FT Cboe Vest Buffered Allocation Growth ETF	0.00%	0.00%	0.00%
LAPR Innovator Premium Income 15 Buffer ETF - April	5.53%	5.40%	4.21%

Frequently Asked Questions

Can I hold both LAPR and BUFG in my portfolio?

LAPR and BUFG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAPR or BUFG?

BUFG has higher volatility (1.20%) compared to LAPR (0.32%). In terms of maximum drawdown, LAPR dropped -3.81% vs BUFG's -17.62%.

Which ETF is better, LAPR or BUFG?

On 1-year performance, BUFG leads with 17.53% vs 7.01% for LAPR. On fees, LAPR is cheaper at 0.79% per year. On volatility, LAPR has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LAPR or BUFG?

Over the 1-year period, BUFG has performed better with a 17.53% return vs 7.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LAPR or BUFG?

LAPR is cheaper with a 0.79% expense ratio, compared with 1.05% for BUFG.

Which ETF pays a higher dividend yield, LAPR or BUFG?

LAPR has the higher dividend yield at 5.53%, compared with 0.00% for BUFG.

What is the main difference between LAPR and BUFG?

They also come from different issuers: Innovator and FT Vest. Their fees differ too: 0.79% for LAPR and 1.05% for BUFG.

Which has better risk-adjusted returns?

LAPR currently has the higher Sharpe Ratio (5.58 vs 2.31), 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.