PSEP vs. KAPR
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - September (PSEP) and Innovator Russell 2000 Power Buffer ETF - April (KAPR).
PSEP and KAPR 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. KAPR is a passively managed fund by Innovator that tracks the performance of the Russell 2000 Index. It was launched on Mar 31, 2020. Both PSEP and KAPR 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. KAPR - Performance Comparison
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PSEP vs. KAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PSEP Innovator U.S. Equity Power Buffer ETF - September | -1.51% | 11.85% | 12.44% | 18.84% | -3.74% | 8.85% | 24.37% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 3.19% | 7.42% | 12.10% | 15.36% | -8.14% | 2.48% | 21.17% |
Returns By Period
In the year-to-date period, PSEP achieves a -1.51% return, which is significantly lower than KAPR's 3.19% return.
PSEP
- 1D
- 1.60%
- 1M
- -2.14%
- YTD
- -1.51%
- 6M
- 0.26%
- 1Y
- 12.11%
- 3Y*
- 11.96%
- 5Y*
- 8.31%
- 10Y*
- —
KAPR
- 1D
- 0.62%
- 1M
- 1.14%
- YTD
- 3.19%
- 6M
- 5.99%
- 1Y
- 17.50%
- 3Y*
- 10.87%
- 5Y*
- 6.01%
- 10Y*
- —
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PSEP vs. KAPR - Expense Ratio Comparison
Both PSEP and KAPR have an expense ratio of 0.79%.
Return for Risk
PSEP vs. KAPR — Risk / Return Rank
PSEP
KAPR
PSEP vs. KAPR - 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 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.
| PSEP | KAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.72 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.89 | 2.47 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.42 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.10 | -0.26 |
Martin ratioReturn relative to average drawdown | 9.93 | 12.86 | -2.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSEP | KAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.72 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.51 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.73 | +0.14 |
Correlation
The correlation between PSEP and KAPR is 0.72, 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. KAPR - Dividend Comparison
Neither PSEP nor KAPR has paid dividends to shareholders.
Drawdowns
PSEP vs. KAPR - Drawdown Comparison
The maximum PSEP drawdown since its inception was -17.90%, which is greater than KAPR's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for PSEP and KAPR.
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Drawdown Indicators
| PSEP | KAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -16.91% | -0.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.73% | -8.39% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -16.91% | +6.99% |
Current DrawdownCurrent decline from peak | -2.55% | 0.00% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -4.02% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.37% | -0.12% |
Volatility
PSEP vs. KAPR - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - September (PSEP) has a higher volatility of 2.93% compared to Innovator Russell 2000 Power Buffer ETF - April (KAPR) at 1.70%. This indicates that PSEP's price experiences larger fluctuations and is considered to be riskier than KAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSEP | KAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 1.70% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 3.93% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.66% | 10.19% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.59% | 11.77% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.23% | 11.72% | -1.49% |