XBAP vs. SPY
Compare and contrast key facts about Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP) and SPDR S&P 500 ETF (SPY).
XBAP and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBAP is an actively managed fund by Innovator. It was launched on Mar 31, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBAP or SPY.
Key characteristics
| XBAP | SPY | |
|---|---|---|
| YTD Return | 9.74% | 23.18% |
| 1Y Return | 17.13% | 40.57% |
| 3Y Return (Ann) | 7.36% | 9.72% |
| Sharpe Ratio | 3.05 | 3.45 |
| Sortino Ratio | 4.21 | 4.57 |
| Omega Ratio | 1.76 | 1.65 |
| Calmar Ratio | 3.87 | 4.12 |
| Martin Ratio | 20.51 | 22.62 |
| Ulcer Index | 0.87% | 1.83% |
| Daily Std Dev | 5.82% | 12.01% |
| Max Drawdown | -14.57% | -55.19% |
| Current Drawdown | -0.24% | -0.78% |
Correlation
The correlation between XBAP and SPY is 0.91, 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
XBAP vs. SPY - Performance Comparison
In the year-to-date period, XBAP achieves a 9.74% return, which is significantly lower than SPY's 23.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBAP vs. SPY - Expense Ratio Comparison
XBAP has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XBAP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP) 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
XBAP vs. SPY - Dividend Comparison
XBAP has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAP Innovator U.S. Equity Accelerated 9 Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XBAP vs. SPY - Drawdown Comparison
The maximum XBAP drawdown since its inception was -14.57%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XBAP and SPY. For additional features, visit the drawdowns tool.
Volatility
XBAP vs. SPY - Volatility Comparison
The current volatility for Innovator U.S. Equity Accelerated 9 Buffer ETF - April (XBAP) is 0.79%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.51%. This indicates that XBAP 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.