LAPR vs. XLEI

Last updated Aug 6, 2026

LAPR (Innovator Premium Income 15 Buffer ETF - April) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both exchange-traded funds - LAPR is a Options Trading fund actively managed by Innovator, while XLEI is a Energy Equities fund actively managed by State Street. Both are actively managed. Over the past year, LAPR returned 6.56% vs 31.42% for XLEI. Their -0.05 correlation means they have often moved in opposite directions in the past. LAPR charges 0.79%/yr vs 0.35%/yr for XLEI.

Performance

LAPR vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - April (LAPR) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LAPR achieves a 4.23% return, which is significantly lower than XLEI's 21.12% return.

LAPR

• 1D: 0.00%
• 1M: 0.44%
• 6M: 3.85%
• YTD: 4.23%
• 1Y: 6.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.31%

XLEI

• 1D: -1.73%
• 1M: 7.14%
• 6M: 11.38%
• YTD: 21.12%
• 1Y: 31.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.09%

*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)
LAPR Innovator Premium Income 15 Buffer ETF - April	$35.77K	$37.59K	$123.18K
XLEI State Street Energy Select Sector SPDR Premium Income ETF	$1.76M	$1.48M	$1.32M

LAPR vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
LAPR Innovator Premium Income 15 Buffer ETF - April	4.23%	2.35%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	21.12%	6.17%

Correlation

The correlation between LAPR and XLEI is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.06
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	-0.05

Return for Risk

LAPR vs. XLEI — Risk / Return Rank

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

LAPR

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

XLEI

XLEI Risk / Return Rank: 82
XLEI Sharpe Ratio Rank: 86
XLEI Sortino Ratio Rank: 77
XLEI Omega Ratio Rank: 81
XLEI Calmar Ratio Rank: 88
XLEI Martin Ratio Rank: 79

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.

LAPR vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - April (LAPR) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	5.13	2.24	+2.90
Sortino ratio: Return per unit of downside risk	10.22	2.81	+7.41
Omega ratio: Gain probability vs. loss probability	2.57	1.38	+1.18
Calmar ratio: Return relative to maximum drawdown	18.54	3.85	+14.69
Martin ratio: Return relative to average drawdown	100.06	11.59	+88.47

LAPR vs. XLEI - Sharpe Ratio Comparison

The current LAPR Sharpe Ratio is 5.13, which is higher than the XLEI Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of LAPR and XLEI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LAPR vs. XLEI - Drawdown Comparison

The maximum LAPR drawdown since its inception was -3.81%, smaller than the maximum XLEI drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for LAPR and XLEI.

Drawdown Indicators

	LAPR	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-3.81%	-8.19%	+4.38%
Max Drawdown (1Y) Largest decline over 1 year	-0.36%	-8.19%	+7.83%
Current Drawdown Current decline from peak	0.00%	-2.76%	+2.76%
Average Drawdown Average peak-to-trough decline	-0.11%	-1.83%	+1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	2.72%	-2.65%

Volatility

LAPR vs. XLEI - Volatility Comparison

The current volatility for Innovator Premium Income 15 Buffer ETF - April (LAPR) is 0.35%, while State Street Energy Select Sector SPDR Premium Income ETF (XLEI) has a volatility of 4.35%. This indicates that LAPR experiences smaller price fluctuations and is considered to be less risky than XLEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LAPR	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	4.35%	-4.00%
Volatility (6M) Calculated over the trailing 6-month period	1.09%	11.40%	-10.31%
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	14.12%	-12.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.20%	14.11%	-10.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.20%	14.11%	-10.91%

LAPR vs. XLEI - Expense Ratio Comparison

LAPR has a 0.79% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

LAPR vs. XLEI - Dividend Comparison

LAPR's dividend yield for the trailing twelve months is around 5.77%, less than XLEI's 20.64% yield.

Position	TTM	2025	2024
LAPR Innovator Premium Income 15 Buffer ETF - April	5.77%	5.40%	4.21%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.64%	10.17%	0.00%

Frequently Asked Questions

Can I hold both LAPR and XLEI in my portfolio?

LAPR and XLEI have a correlation of -0.06, 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 XLEI?

XLEI has higher volatility (4.35%) compared to LAPR (0.35%). In terms of maximum drawdown, LAPR dropped -3.81% vs XLEI's -8.19%.

Which ETF is better, LAPR or XLEI?

On 1-year performance, XLEI leads with 31.42% vs 6.56% for LAPR. On fees, XLEI is cheaper at 0.35% per year. On volatility, LAPR has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LAPR or XLEI?

Over the 1-year period, XLEI has performed better with a 31.42% return vs 6.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LAPR or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.79% for LAPR.

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

XLEI has the higher dividend yield at 20.64%, compared with 5.77% for LAPR.

What is the main difference between LAPR and XLEI?

LAPR is categorized as Options Trading, while XLEI is Energy Equities. They also come from different issuers: Innovator and State Street. Their fees differ too: 0.79% for LAPR and 0.35% for XLEI.

Which has better risk-adjusted returns?

LAPR currently has the higher Sharpe Ratio (5.13 vs 2.24), 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.