UFEB vs. UAPR
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - February (UFEB) and Innovator U.S. Equity Ultra Buffer ETF - April (UAPR).
UFEB and UAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UFEB is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect February Series Index. It was launched on Jan 31, 2020. UAPR is a passively managed fund by Innovator that tracks the performance of the S&P 500. It was launched on Mar 29, 2019. Both UFEB and UAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UFEB vs. UAPR - Performance Comparison
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UFEB vs. UAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UFEB Innovator U.S. Equity Ultra Buffer ETF - February | -0.91% | 10.57% | 12.93% | 11.91% | -5.85% | 7.31% | 5.78% |
UAPR Innovator U.S. Equity Ultra Buffer ETF - April | 2.08% | 6.27% | 12.38% | 10.60% | -5.67% | 5.32% | -5.35% |
Returns By Period
In the year-to-date period, UFEB achieves a -0.91% return, which is significantly lower than UAPR's 2.08% return.
UFEB
- 1D
- 0.41%
- 1M
- -1.83%
- YTD
- -0.91%
- 6M
- 1.70%
- 1Y
- 12.26%
- 3Y*
- 11.16%
- 5Y*
- 6.22%
- 10Y*
- —
UAPR
- 1D
- 0.24%
- 1M
- 1.12%
- YTD
- 2.08%
- 6M
- 3.96%
- 1Y
- 11.75%
- 3Y*
- 10.28%
- 5Y*
- 5.84%
- 10Y*
- —
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UFEB vs. UAPR - Expense Ratio Comparison
Both UFEB and UAPR have an expense ratio of 0.79%.
Return for Risk
UFEB vs. UAPR — Risk / Return Rank
UFEB
UAPR
UFEB vs. UAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - February (UFEB) and Innovator U.S. Equity Ultra Buffer ETF - April (UAPR). 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.
| UFEB | UAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 1.65 | -0.04 |
Sortino ratioReturn per unit of downside risk | 2.35 | 2.50 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.51 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.16 | +0.38 |
Martin ratioReturn relative to average drawdown | 11.90 | 14.54 | -2.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UFEB | UAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.65 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.85 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.53 | +0.33 |
Correlation
The correlation between UFEB and UAPR is 0.79, 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.
Dividends
UFEB vs. UAPR - Dividend Comparison
Neither UFEB nor UAPR has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UFEB Innovator U.S. Equity Ultra Buffer ETF - February | 0.00% | 0.00% | 0.00% | 0.00% | 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% |
Drawdowns
UFEB vs. UAPR - Drawdown Comparison
The maximum UFEB drawdown since its inception was -13.32%, smaller than the maximum UAPR drawdown of -14.61%. Use the drawdown chart below to compare losses from any high point for UFEB and UAPR.
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Drawdown Indicators
| UFEB | UAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.32% | -14.61% | +1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.95% | -5.58% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -9.02% | -10.84% | +1.82% |
Current DrawdownCurrent decline from peak | -2.32% | 0.00% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -3.39% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.83% | +0.22% |
Volatility
UFEB vs. UAPR - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF - February (UFEB) has a higher volatility of 2.46% compared to Innovator U.S. Equity Ultra Buffer ETF - April (UAPR) at 1.16%. This indicates that UFEB's price experiences larger fluctuations and is considered to be riskier than UAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UFEB | UAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 1.16% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 2.13% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.62% | 7.14% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 6.88% | -0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 8.50% | -0.77% |