SDMF vs. EAPR

Last updated Jun 4, 2026

SDMF (Simplify DBi CTA Managed Futures Index ETF) and EAPR (Innovator Emerging Markets Power Buffer ETF - April) are both exchange-traded funds - SDMF is a Systematic Trend fund tracking the DBi CTA Managed Futures Index, while EAPR is a Defined Outcome fund tracking the MSCI Emerging Markets. Both are passively managed. At a correlation of -0.21, they often move in opposite directions. SDMF charges 0.35%/yr vs 0.89%/yr for EAPR.

Performance

SDMF vs. EAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify DBi CTA Managed Futures Index ETF (SDMF) and Innovator Emerging Markets Power Buffer ETF - April (EAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SDMF

• 1D: 0.09%
• 1M: 2.33%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EAPR

• 1D: -0.45%
• 1M: 2.01%
• YTD: 11.39%
• 6M: 12.25%
• 1Y: 22.07%
• 3Y*: 10.62%
• 5Y*: 5.15%
• 10Y*: —

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

SDMF vs. EAPR - Yearly Performance Comparison

	2026 (YTD)
SDMF Simplify DBi CTA Managed Futures Index ETF	3.37%
EAPR Innovator Emerging Markets Power Buffer ETF - April	10.08%

Correlation

The correlation between SDMF and EAPR is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026	-0.21

Return for Risk

SDMF vs. EAPR — Risk / Return Rank

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

EAPR

EAPR Risk / Return Rank: 94
EAPR Sharpe Ratio Rank: 89
EAPR Sortino Ratio Rank: 95
EAPR Omega Ratio Rank: 96
EAPR Calmar Ratio Rank: 94
EAPR Martin Ratio Rank: 97

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.

SDMF vs. EAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify DBi CTA Managed Futures Index ETF (SDMF) and Innovator Emerging Markets Power Buffer ETF - April (EAPR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SDMF	EAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.06	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.54	+0.39

Drawdowns

SDMF vs. EAPR - Drawdown Comparison

The maximum SDMF drawdown since its inception was -6.23%, smaller than the maximum EAPR drawdown of -17.65%. Use the drawdown chart below to compare losses from any high point for SDMF and EAPR.

Drawdown Indicators

	SDMF	EAPR	Difference
Max Drawdown Largest peak-to-trough decline	-6.23%	-17.65%	+11.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.65%	—
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-2.26%	-4.06%	+1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.52%	—

Volatility

Volatility by Period

	SDMF	EAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	7.24%	+6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.27%	10.09%	+3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.27%	10.02%	+3.25%

SDMF vs. EAPR - Expense Ratio Comparison

SDMF has a 0.35% expense ratio, which is lower than EAPR's 0.89% expense ratio.

Dividends

SDMF vs. EAPR - Dividend Comparison

Neither SDMF nor EAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SDMF and EAPR in my portfolio?

SDMF and EAPR have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDMF or EAPR?

On fees, SDMF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDMF or EAPR?

SDMF is cheaper with a 0.35% expense ratio, compared with 0.89% for EAPR.

Which ETF pays a higher dividend yield, SDMF or EAPR?

SDMF and EAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between SDMF and EAPR?

SDMF is categorized as Systematic Trend, while EAPR is Defined Outcome. SDMF tracks DBi CTA Managed Futures Index, while EAPR tracks MSCI Emerging Markets. They also come from different issuers: Simplify and Innovator. Their fees differ too: 0.35% for SDMF and 0.89% for EAPR.