STEN vs. KAPR
STEN (iShares Large Cap 10% Target Buffer Sep ETF) and KAPR (Innovator Russell 2000 Power Buffer ETF - April) are both Defined Outcome funds. STEN is actively managed, while KAPR is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. STEN charges 0.50%/yr vs 0.79%/yr for KAPR.
Performance
STEN vs. KAPR - Performance Comparison
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Returns By Period
In the year-to-date period, STEN achieves a 8.76% return, which is significantly lower than KAPR's 13.15% return.
STEN
- 1D
- 0.28%
- 1M
- 2.21%
- 6M
- 7.40%
- YTD
- 8.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KAPR
- 1D
- -0.05%
- 1M
- 1.58%
- 6M
- 11.83%
- YTD
- 13.15%
- 1Y
- 21.34%
- 3Y*
- 12.75%
- 5Y*
- 7.58%
- 10Y*
- —
STEN vs. KAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STEN iShares Large Cap 10% Target Buffer Sep ETF | 8.76% | 2.36% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 13.15% | 2.72% |
Correlation
The correlation between STEN and KAPR is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.78 |
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Return for Risk
STEN vs. KAPR — Risk / Return Rank
STEN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KAPR
STEN vs. KAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap 10% Target Buffer Sep ETF (STEN) 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.
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.
| STEN | KAPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.66 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.24 | — |
| Martin ratioReturn relative to average drawdown | — | 39.03 | — |
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Drawdowns
STEN vs. KAPR - Drawdown Comparison
The maximum STEN drawdown since its inception was -6.21%, smaller than the maximum KAPR drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for STEN and KAPR.
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Drawdown Indicators
| STEN | KAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.21% | -16.91% | +10.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.52% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.91% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -0.91% | -3.86% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.54% | — |
Volatility
STEN vs. KAPR - Volatility Comparison
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Volatility by Period
| STEN | KAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 6.57% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.28% | 11.75% | -2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.28% | 11.61% | -2.33% |
STEN vs. KAPR - Expense Ratio Comparison
STEN has a 0.50% expense ratio, which is lower than KAPR's 0.79% expense ratio.
Dividends
STEN vs. KAPR - Dividend Comparison
STEN's dividend yield for the trailing twelve months is around 0.29%, while KAPR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
KAPR Innovator Russell 2000 Power Buffer ETF - April | 0.00% | 0.00% |
STEN iShares Large Cap 10% Target Buffer Sep ETF | 0.29% | 0.31% |
Frequently Asked Questions
STEN and KAPR have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, STEN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
STEN is cheaper with a 0.50% expense ratio, compared with 0.79% for KAPR.
STEN has the higher dividend yield at 0.29%, compared with 0.00% for KAPR.
They also come from different issuers: BlackRock and Innovator. Their fees differ too: 0.50% for STEN and 0.79% for KAPR.
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