LAPR vs. SIXJ

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Premium Income 15 Buffer ETF - April (LAPR) and AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ).

LAPR and SIXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LAPR is an actively managed fund by Innovator. It was launched on Mar 28, 2024. SIXJ is a passively managed fund by Allianz that tracks the performance of the S&P 500. It was launched on Dec 31, 2021.

Performance

LAPR vs. SIXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - April (LAPR) and AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ). The values are adjusted to include any dividend payments, if applicable.

LAPR vs. SIXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LAPR Innovator Premium Income 15 Buffer ETF - April	0.84%	5.81%	4.82%
SIXJ AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF	-1.87%	12.81%	9.66%

Returns By Period

In the year-to-date period, LAPR achieves a 0.84% return, which is significantly higher than SIXJ's -1.87% return.

LAPR

• 1D: 0.05%
• 1M: 0.23%
• YTD: 0.84%
• 6M: 2.11%
• 1Y: 5.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SIXJ

• 1D: 1.64%
• 1M: -2.49%
• YTD: -1.87%
• 6M: 0.90%
• 1Y: 12.35%
• 3Y*: 12.41%
• 5Y*: —
• 10Y*: —

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

LAPR vs. SIXJ - Expense Ratio Comparison

LAPR has a 0.79% expense ratio, which is higher than SIXJ's 0.74% expense ratio.

LAPR

Innovator Premium Income 15 Buffer ETF - April

SIXJ

AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF

Return for Risk

LAPR vs. SIXJ — Risk / Return Rank

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

LAPR

LAPR Risk / Return Rank: 77
LAPR Sharpe Ratio Rank: 70
LAPR Sortino Ratio Rank: 74
LAPR Omega Ratio Rank: 97
LAPR Calmar Ratio Rank: 56
LAPR Martin Ratio Rank: 87

SIXJ

SIXJ Risk / Return Rank: 73
SIXJ Sharpe Ratio Rank: 67
SIXJ Sortino Ratio Rank: 71
SIXJ Omega Ratio Rank: 79
SIXJ Calmar Ratio Rank: 63
SIXJ Martin Ratio Rank: 83

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. SIXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - April (LAPR) and AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ). 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	SIXJ	Difference
Sharpe ratio Return per unit of total volatility	1.28	1.20	+0.08
Sortino ratio Return per unit of downside risk	1.92	1.82	+0.10
Omega ratio Gain probability vs. loss probability	1.55	1.31	+0.25
Calmar ratio Return relative to maximum drawdown	1.48	1.64	-0.16
Martin ratio Return relative to average drawdown	10.62	9.73	+0.89
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. SIXJ - Sharpe Ratio Comparison

The current LAPR Sharpe Ratio is 1.28, which is comparable to the SIXJ Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of LAPR and SIXJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LAPR	SIXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.20	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	0.70	+1.01

Correlation

The correlation between LAPR and SIXJ is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LAPR vs. SIXJ - Dividend Comparison

LAPR's dividend yield for the trailing twelve months is around 5.36%, while SIXJ has not paid dividends to shareholders.

	TTM	2025	2024
LAPR Innovator Premium Income 15 Buffer ETF - April	5.36%	5.40%	4.21%
SIXJ AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF	0.00%	0.00%	0.00%

Drawdowns

LAPR vs. SIXJ - Drawdown Comparison

The maximum LAPR drawdown since its inception was -3.81%, smaller than the maximum SIXJ drawdown of -14.07%. Use the drawdown chart below to compare losses from any high point for LAPR and SIXJ.

Drawdown Indicators

	LAPR	SIXJ	Difference
Max Drawdown Largest peak-to-trough decline	-3.81%	-14.07%	+10.26%
Max Drawdown (1Y) Largest decline over 1 year	-3.81%	-7.68%	+3.87%
Current Drawdown Current decline from peak	0.00%	-2.97%	+2.97%
Average Drawdown Average peak-to-trough decline	-0.12%	-2.98%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	1.29%	-0.76%

Volatility

LAPR vs. SIXJ - Volatility Comparison

The current volatility for Innovator Premium Income 15 Buffer ETF - April (LAPR) is 0.10%, while AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF (SIXJ) has a volatility of 3.17%. This indicates that LAPR experiences smaller price fluctuations and is considered to be less risky than SIXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAPR	SIXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	3.17%	-3.07%
Volatility (6M) Calculated over the trailing 6-month period	0.68%	4.58%	-3.90%
Volatility (1Y) Calculated over the trailing 1-year period	4.40%	10.34%	-5.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.39%	10.17%	-6.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.39%	10.17%	-6.78%