LAPR vs. SMYY
LAPR (Innovator Premium Income 15 Buffer ETF - April) and SMYY (GraniteShares YieldBOOST SMCI ETF) are both Options Trading funds. At a 0.35 correlation, their price movements are largely independent. LAPR charges 0.79%/yr vs 1.07%/yr for SMYY.
Performance
LAPR vs. SMYY - Performance Comparison
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Returns By Period
In the year-to-date period, LAPR achieves a 3.34% return, which is significantly higher than SMYY's -0.08% return.
LAPR
- 1D
- 0.02%
- 1M
- 0.18%
- YTD
- 3.34%
- 6M
- 3.38%
- 1Y
- 6.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMYY
- 1D
- -0.34%
- 1M
- -3.94%
- YTD
- -0.08%
- 6M
- -5.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LAPR vs. SMYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LAPR Innovator Premium Income 15 Buffer ETF - April | 3.34% | 1.17% |
SMYY GraniteShares YieldBOOST SMCI ETF | -0.08% | -27.35% |
Correlation
The correlation between LAPR and SMYY is 0.35, 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 Sep 30, 2025 | 0.35 |
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Return for Risk
LAPR vs. SMYY — Risk / Return Rank
LAPR
SMYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| LAPR | SMYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.71 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 18.31 | — | — |
| Martin ratioReturn relative to average drawdown | 104.51 | — | — |
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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.
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Drawdown Indicators
| LAPR | SMYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.81% | -36.84% | +33.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -33.28% | +33.18% |
Average DrawdownAverage peak-to-trough decline | -0.12% | -25.57% | +25.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | — | — |
Volatility
LAPR vs. SMYY - Volatility Comparison
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Volatility by Period
| LAPR | SMYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 32.08% | -30.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.27% | 32.08% | -28.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.27% | 32.08% | -28.81% |
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 171.46% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
LAPR Innovator Premium Income 15 Buffer ETF - April | 5.53% | 5.40% | 4.21% |
SMYY GraniteShares YieldBOOST SMCI ETF | 171.46% | 53.33% | 0.00% |
Frequently Asked Questions
LAPR and SMYY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
LAPR is cheaper with a 0.79% expense ratio, compared with 1.07% for SMYY.
SMYY has the higher dividend yield at 171.46%, compared with 5.53% for LAPR.
They also come from different issuers: Innovator and GraniteShares. Their fees differ too: 0.79% for LAPR and 1.07% for SMYY.
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