NBFR vs. KAPR
NBFR (Innovator Nasdaq-100 Managed 10 Buffer ETF) and KAPR (Innovator Russell 2000 Power Buffer ETF - April) are both Defined Outcome funds from Innovator. NBFR is actively managed, while KAPR is passively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.79% expense ratio.
Performance
NBFR vs. KAPR - Performance Comparison
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Returns By Period
NBFR
- 1D
- 0.95%
- 1M
- -1.80%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
KAPR
- 1D
- -0.03%
- 1M
- 0.08%
- 6M
- 11.66%
- YTD
- 13.09%
- 1Y
- 22.54%
- 3Y*
- 12.02%
- 5Y*
- 7.81%
- 10Y*
- —
- ALL TIME*
- 9.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $147.78K | $281.73K | $305.41K | |
| $83.82K | $58.88K | $223.65K |
NBFR vs. KAPR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF | 3.36% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 11.28% |
Correlation
The correlation between NBFR and KAPR is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026 | 0.71 |
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Return for Risk
NBFR vs. KAPR — Risk / Return Rank
NBFR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KAPR
NBFR vs. KAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed 10 Buffer ETF (NBFR) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). 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.
| NBFR | KAPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.70 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.50 | — |
| Martin ratioReturn relative to average drawdown | — | 42.63 | — |
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Drawdowns
NBFR vs. KAPR - Drawdown Comparison
The maximum NBFR drawdown since its inception was -8.49%, smaller than the maximum KAPR drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for NBFR and KAPR.
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Drawdown Indicators
| NBFR | KAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.49% | -16.91% | +8.42% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.52% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.91% | — |
Current DrawdownCurrent decline from peak | -4.58% | -0.36% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -3.83% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.50% | — |
Volatility
NBFR vs. KAPR - Volatility Comparison
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Volatility by Period
| NBFR | KAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 6.53% | +10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 11.69% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 11.56% | +5.27% |
NBFR vs. KAPR - Expense Ratio Comparison
Both NBFR and KAPR have an expense ratio of 0.79%.
Dividends
NBFR vs. KAPR - Dividend Comparison
NBFR's dividend yield for the trailing twelve months is around 0.02%, while KAPR has not paid dividends to shareholders.
| Position | TTM |
|---|---|
KAPR Innovator Russell 2000 Power Buffer ETF - April | 0.00% |
NBFR Innovator Nasdaq-100 Managed 10 Buffer ETF | 0.02% |
Frequently Asked Questions
NBFR and KAPR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NBFR and KAPR have the same expense ratio: 0.79% per year.
NBFR has the higher dividend yield at 0.02%, compared with 0.00% for KAPR.
Find the right allocation for NBFR and KAPR
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