LAPR vs. SMYY

Last updated Jun 4, 2026

LAPR (Innovator Premium Income 15 Buffer ETF - April) and SMYY (GraniteShares YieldBOOST SMCI ETF) are both Options Trading funds. At a 0.31 correlation, their price movements are largely independent. LAPR charges 0.79%/yr vs 1.07%/yr for SMYY.

Performance

LAPR vs. SMYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - April (LAPR) and GraniteShares YieldBOOST SMCI ETF (SMYY). 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 SMYY's 6.70% return.

LAPR

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

SMYY

• 1D: -0.53%
• 1M: 3.58%
• YTD: 6.70%
• 6M: -8.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LAPR vs. SMYY - Yearly Performance Comparison

	2026 (YTD)	2025
LAPR Innovator Premium Income 15 Buffer ETF - April	3.32%	1.26%
SMYY GraniteShares YieldBOOST SMCI ETF	6.70%	-27.52%

Correlation

The correlation between LAPR and SMYY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.31

Return for Risk

LAPR vs. SMYY — 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

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. SMYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - April (LAPR) and GraniteShares YieldBOOST SMCI ETF (SMYY). 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	SMYY	Difference
Sharpe ratio Return per unit of total volatility	5.58	—	—
Sortino ratio Return per unit of downside risk	12.13	—	—
Omega ratio Gain probability vs. loss probability	2.93	—	—
Calmar ratio Return relative to maximum drawdown	29.36	—	—
Martin ratio Return relative to average drawdown	144.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LAPR	SMYY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	-0.98	+2.95

Drawdowns

LAPR vs. SMYY - Drawdown Comparison

The maximum LAPR drawdown since its inception was -3.81%, smaller than the maximum SMYY drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for LAPR and SMYY.

Drawdown Indicators

	LAPR	SMYY	Difference
Max Drawdown Largest peak-to-trough decline	-3.81%	-36.84%	+33.03%
Max Drawdown (1Y) Largest decline over 1 year	-0.24%	—	—
Current Drawdown Current decline from peak	-0.12%	-28.74%	+28.62%
Average Drawdown Average peak-to-trough decline	-0.11%	-25.15%	+25.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	—	—

Volatility

Volatility by Period

	LAPR	SMYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	32.69%	-31.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	32.69%	-29.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	32.69%	-29.39%

LAPR vs. SMYY - Expense Ratio Comparison

LAPR has a 0.79% expense ratio, which is lower than SMYY's 1.07% expense ratio.

Dividends

LAPR vs. SMYY - Dividend Comparison

LAPR's dividend yield for the trailing twelve months is around 5.53%, less than SMYY's 146.89% yield.

Position	TTM	2025	2024
LAPR Innovator Premium Income 15 Buffer ETF - April	5.53%	5.40%	4.21%
SMYY GraniteShares YieldBOOST SMCI ETF	146.89%	53.33%	0.00%

Frequently Asked Questions

Can I hold both LAPR and SMYY in my portfolio?

LAPR and SMYY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LAPR or SMYY?

On fees, LAPR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LAPR or SMYY?

LAPR is cheaper with a 0.79% expense ratio, compared with 1.07% for SMYY.

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

SMYY has the higher dividend yield at 146.89%, compared with 5.53% for LAPR.

What is the main difference between LAPR and SMYY?

They also come from different issuers: Innovator and GraniteShares. Their fees differ too: 0.79% for LAPR and 1.07% for SMYY.