UAPR vs. SPY
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) and SPDR S&P 500 ETF (SPY).
UAPR and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UAPR is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect April Series Index. It was launched on Apr 1, 2019. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UAPR and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UAPR or SPY.
Correlation
The correlation between UAPR and SPY is 0.84, 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.
Performance
UAPR vs. SPY - Performance Comparison
Key characteristics
UAPR:
2.07
SPY:
1.97
UAPR:
2.91
SPY:
2.64
UAPR:
1.42
SPY:
1.36
UAPR:
3.10
SPY:
2.97
UAPR:
13.70
SPY:
12.34
UAPR:
1.02%
SPY:
2.03%
UAPR:
6.73%
SPY:
12.68%
UAPR:
-14.61%
SPY:
-55.19%
UAPR:
0.00%
SPY:
-0.01%
Returns By Period
In the year-to-date period, UAPR achieves a 2.83% return, which is significantly lower than SPY's 4.03% return.
UAPR
2.83%
1.78%
7.64%
13.53%
3.54%
N/A
SPY
4.03%
2.85%
10.70%
23.01%
14.30%
13.22%
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UAPR vs. SPY - Expense Ratio Comparison
UAPR has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
UAPR vs. SPY — Risk-Adjusted Performance Rank
UAPR
SPY
UAPR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) and SPDR S&P 500 ETF (SPY). 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.
Dividends
UAPR vs. SPY - Dividend Comparison
UAPR has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UAPR Innovator U.S. Equity Ultra Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
UAPR vs. SPY - Drawdown Comparison
The maximum UAPR drawdown since its inception was -14.61%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UAPR and SPY. For additional features, visit the drawdowns tool.
Volatility
UAPR vs. SPY - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) is 1.37%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.15%. This indicates that UAPR experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.