PSEP vs. BAPR
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - September (PSEP) and Innovator U.S. Equity Buffer ETF - April (BAPR).
PSEP and BAPR 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 S&P 500 Index. It was launched on Aug 30, 2019. BAPR is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index April. It was launched on Mar 29, 2019. Both PSEP and BAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PSEP vs. BAPR - Performance Comparison
Loading graphics...
PSEP vs. BAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PSEP Innovator U.S. Equity Power Buffer ETF - September | -1.51% | 11.85% | 12.44% | 18.84% | -3.74% | 8.85% | 8.48% | 4.62% |
BAPR Innovator U.S. Equity Buffer ETF - April | 2.08% | 8.28% | 15.95% | 23.16% | -7.04% | 12.58% | 6.19% | 8.57% |
Returns By Period
In the year-to-date period, PSEP achieves a -1.51% return, which is significantly lower than BAPR's 2.08% return.
PSEP
- 1D
- 1.60%
- 1M
- -2.14%
- YTD
- -1.51%
- 6M
- 0.26%
- 1Y
- 12.11%
- 3Y*
- 11.96%
- 5Y*
- 8.31%
- 10Y*
- —
BAPR
- 1D
- 2.58%
- 1M
- 0.99%
- YTD
- 2.08%
- 6M
- 4.42%
- 1Y
- 15.33%
- 3Y*
- 13.43%
- 5Y*
- 10.13%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PSEP vs. BAPR - Expense Ratio Comparison
Both PSEP and BAPR have an expense ratio of 0.79%.
Return for Risk
PSEP vs. BAPR — Risk / Return Rank
PSEP
BAPR
PSEP vs. BAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - September (PSEP) and Innovator U.S. Equity Buffer ETF - April (BAPR). 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.
| PSEP | BAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.29 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.89 | 1.99 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.74 | +0.10 |
Martin ratioReturn relative to average drawdown | 9.93 | 11.59 | -1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PSEP | BAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.29 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.88 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.75 | +0.12 |
Correlation
The correlation between PSEP and BAPR is 0.88, 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.
Dividends
PSEP vs. BAPR - Dividend Comparison
Neither PSEP nor BAPR has paid dividends to shareholders.
Drawdowns
PSEP vs. BAPR - Drawdown Comparison
The maximum PSEP drawdown since its inception was -17.90%, smaller than the maximum BAPR drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for PSEP and BAPR.
Loading graphics...
Drawdown Indicators
| PSEP | BAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -23.91% | +6.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.73% | -9.19% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -15.58% | +5.66% |
Current DrawdownCurrent decline from peak | -2.55% | 0.00% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -2.66% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.38% | -0.13% |
Volatility
PSEP vs. BAPR - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - September (PSEP) is 2.93%, while Innovator U.S. Equity Buffer ETF - April (BAPR) has a volatility of 3.45%. This indicates that PSEP experiences smaller price fluctuations and is considered to be less risky than BAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PSEP | BAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 3.45% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.26% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.66% | 11.90% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.59% | 11.54% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.23% | 13.25% | -3.02% |