PSEP vs. BALT
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - September (PSEP) and Innovator Defined Wealth Shield ETF (BALT).
PSEP and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSEP is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect September Series Index. It was launched on Sep 3, 2019. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSEP or BALT.
Correlation
The correlation between PSEP and BALT is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PSEP vs. BALT - Performance Comparison
Key characteristics
PSEP:
2.37
BALT:
3.33
PSEP:
3.25
BALT:
4.86
PSEP:
1.52
BALT:
1.75
PSEP:
5.48
BALT:
5.56
PSEP:
22.70
BALT:
29.06
PSEP:
0.55%
BALT:
0.35%
PSEP:
5.27%
BALT:
3.09%
PSEP:
-17.90%
BALT:
-2.16%
PSEP:
0.00%
BALT:
0.00%
Returns By Period
In the year-to-date period, PSEP achieves a 2.19% return, which is significantly higher than BALT's 1.35% return.
PSEP
2.19%
1.47%
5.40%
11.72%
8.91%
N/A
BALT
1.35%
0.94%
5.06%
10.00%
N/A
N/A
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PSEP vs. BALT - Expense Ratio Comparison
PSEP has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
PSEP vs. BALT — Risk-Adjusted Performance Rank
PSEP
BALT
PSEP vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - September (PSEP) and Innovator Defined Wealth Shield ETF (BALT). 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.
Dividends
PSEP vs. BALT - Dividend Comparison
Neither PSEP nor BALT has paid dividends to shareholders.
Drawdowns
PSEP vs. BALT - Drawdown Comparison
The maximum PSEP drawdown since its inception was -17.90%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for PSEP and BALT. For additional features, visit the drawdowns tool.
Volatility
PSEP vs. BALT - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - September (PSEP) has a higher volatility of 1.31% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.57%. This indicates that PSEP's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.