SBAR vs. SPUT

Last updated Jun 23, 2026

SBAR (Simplify Barrier Income ETF) and SPUT (Innovator Equity Premium Income Daily PutWrite ETF) are both Derivative Income funds. Both are actively managed. Over the past year, SBAR returned 12.96% vs 16.41% for SPUT. A 0.64 correlation means they provide meaningful diversification when combined. SBAR charges 0.75%/yr vs 0.79%/yr for SPUT.

Performance

SBAR vs. SPUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Barrier Income ETF (SBAR) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBAR achieves a 3.89% return, which is significantly lower than SPUT's 5.47% return.

SBAR

• 1D: 0.90%
• 1M: 1.93%
• YTD: 3.89%
• 6M: 3.85%
• 1Y: 12.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPUT

• 1D: -0.18%
• 1M: -0.92%
• YTD: 5.47%
• 6M: 5.45%
• 1Y: 16.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SBAR vs. SPUT - Yearly Performance Comparison

	2026 (YTD)	2025
SBAR Simplify Barrier Income ETF	3.89%	13.80%
SPUT Innovator Equity Premium Income Daily PutWrite ETF	5.47%	18.61%

Correlation

The correlation between SBAR and SPUT is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025	0.64

The correlation between SBAR and SPUT has been stable across timeframes, ranging from 0.64 to 0.64 - a consistent structural relationship.

SBAR vs. SPUT - Sectors Allocation Comparison

Sectors	SBAR	SPUT
Financial Services	82.8%	10.3%
Technology	33.1%	39.0%
Communication Services	10.7%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	9.8%	8.4%
Industrials	8.7%	8.2%
Consumer Defensive	5.4%	4.4%
Energy	3.5%	3.2%
Utilities	2.5%	2.1%
Real Estate	2.0%	1.7%
Basic Materials	1.9%	1.8%

Return for Risk

SBAR vs. SPUT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SBAR

SBAR Risk / Return Rank: 47
SBAR Sharpe Ratio Rank: 43
SBAR Sortino Ratio Rank: 44
SBAR Omega Ratio Rank: 42
SBAR Calmar Ratio Rank: 51
SBAR Martin Ratio Rank: 53

SPUT

SPUT Risk / Return Rank: 75
SPUT Sharpe Ratio Rank: 68
SPUT Sortino Ratio Rank: 64
SPUT Omega Ratio Rank: 76
SPUT Calmar Ratio Rank: 84
SPUT Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SBAR vs. SPUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Barrier Income ETF (SBAR) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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.

	SBAR	SPUT	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.13	-0.66
Sortino ratio: Return per unit of downside risk	2.16	2.88	-0.73
Omega ratio: Gain probability vs. loss probability	1.27	1.43	-0.16
Calmar ratio: Return relative to maximum drawdown	2.44	4.32	-1.88
Martin ratio: Return relative to average drawdown	9.05	16.78	-7.73

SBAR vs. SPUT - Sharpe Ratio Comparison

The current SBAR Sharpe Ratio is 1.48, which is lower than the SPUT Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of SBAR and SPUT, 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

SBAR vs. SPUT - Drawdown Comparison

The maximum SBAR drawdown since its inception was -5.32%, smaller than the maximum SPUT drawdown of -10.55%. Use the drawdown chart below to compare losses from any high point for SBAR and SPUT.

Drawdown Indicators

	SBAR	SPUT	Difference
Max Drawdown Largest peak-to-trough decline	-5.32%	-10.55%	+5.23%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-3.81%	-1.51%
Current Drawdown Current decline from peak	0.00%	-2.00%	+2.00%
Average Drawdown Average peak-to-trough decline	-0.92%	-0.93%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	0.98%	+0.46%

Volatility

SBAR vs. SPUT - Volatility Comparison

The current volatility for Simplify Barrier Income ETF (SBAR) is 2.76%, while Innovator Equity Premium Income Daily PutWrite ETF (SPUT) has a volatility of 3.12%. This indicates that SBAR experiences smaller price fluctuations and is considered to be less risky than SPUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBAR	SPUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	3.12%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	5.77%	6.14%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	7.74%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.83%	11.34%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.83%	11.34%	-1.51%

SBAR vs. SPUT - Expense Ratio Comparison

SBAR has a 0.75% expense ratio, which is lower than SPUT's 0.79% expense ratio.

Dividends

SBAR vs. SPUT - Dividend Comparison

SBAR's dividend yield for the trailing twelve months is around 12.53%, more than SPUT's 5.11% yield.

Position	TTM	2025
SBAR Simplify Barrier Income ETF	12.53%	8.56%
SPUT Innovator Equity Premium Income Daily PutWrite ETF	5.11%	4.66%

Frequently Asked Questions

Can I hold both SBAR and SPUT in my portfolio?

SBAR and SPUT have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBAR or SPUT?

SPUT has higher volatility (3.12%) compared to SBAR (2.76%). In terms of maximum drawdown, SBAR dropped -5.32% vs SPUT's -10.55%.

Which ETF is better, SBAR or SPUT?

On 1-year performance, SPUT leads with 16.41% vs 12.96% for SBAR. On fees, SBAR is cheaper at 0.75% per year. On volatility, SBAR has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SBAR or SPUT?

Over the 1-year period, SPUT has performed better with a 16.41% return vs 12.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SBAR or SPUT?

SBAR is cheaper with a 0.75% expense ratio, compared with 0.79% for SPUT.

Which ETF pays a higher dividend yield, SBAR or SPUT?

SBAR has the higher dividend yield at 12.53%, compared with 5.11% for SPUT.

What is the main difference between SBAR and SPUT?

They also come from different issuers: Simplify and Innovator. Their fees differ too: 0.75% for SBAR and 0.79% for SPUT.

Which has better risk-adjusted returns?

SPUT currently has the higher Sharpe Ratio (2.13 vs 1.48), 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.