UAPR vs. IBID
UAPR (Innovator U.S. Equity Ultra Buffer ETF - April) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - UAPR is a Defined Outcome fund tracking the S&P 500, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, UAPR returned 13.73% vs 4.04% for IBID. At a 0.02 correlation, their price movements are largely independent. UAPR charges 0.79%/yr vs 0.10%/yr for IBID.
Performance
UAPR vs. IBID - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UAPR achieves a 6.90% return, which is significantly higher than IBID's 1.99% return.
UAPR
- 1D
- 0.04%
- 1M
- 0.29%
- YTD
- 6.90%
- 6M
- 6.99%
- 1Y
- 13.73%
- 3Y*
- 10.80%
- 5Y*
- 6.46%
- 10Y*
- —
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UAPR vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UAPR Innovator U.S. Equity Ultra Buffer ETF - April | 6.90% | 6.27% | 12.38% | 3.99% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between UAPR and IBID is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.02 |
The correlation between UAPR and IBID shifts across timeframes, from -0.08 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UAPR vs. IBID — Risk / Return Rank
UAPR
IBID
UAPR vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.
| UAPR | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 2.01 | 1.75 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 12.40 | 8.22 | +4.19 |
| Martin ratioReturn relative to average drawdown | 62.56 | 30.99 | +31.57 |
Loading charts...
Drawdowns
UAPR vs. IBID - Drawdown Comparison
The maximum UAPR drawdown since its inception was -14.61%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for UAPR and IBID.
Loading charts...
Drawdown Indicators
| UAPR | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.61% | -1.28% | -13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.11% | -0.49% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -10.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.84% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.49% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -0.22% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.13% | +0.09% |
Volatility
UAPR vs. IBID - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) has a higher volatility of 1.24% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that UAPR's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UAPR | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.35% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 0.86% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 1.23% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.90% | 2.24% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 2.24% | +6.16% |
UAPR vs. IBID - Expense Ratio Comparison
UAPR has a 0.79% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
UAPR vs. IBID - Dividend Comparison
UAPR has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% |
UAPR Innovator U.S. Equity Ultra Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.17% |
Frequently Asked Questions
UAPR and IBID have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UAPR has higher volatility (1.24%) compared to IBID (0.35%). In terms of maximum drawdown, UAPR dropped -14.61% vs IBID's -1.28%.
On 1-year performance, UAPR leads with 13.73% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UAPR has performed better with a 13.73% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.79% for UAPR.
IBID has the higher dividend yield at 3.68%, compared with 0.00% for UAPR.
UAPR is categorized as Defined Outcome, while IBID is Inflation-Protected Bonds. UAPR tracks S&P 500, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for UAPR and 0.10% for IBID.
UAPR currently has the higher Sharpe Ratio (4.23 vs 3.29), 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.
Find the right allocation for UAPR and IBID
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer