BAPR vs FIAT
Innovator US Equity Buffer ETF - April vs YieldMax Short COIN Option Income Strategy ETF
Which is better, BAPR or FIAT?
Opposite sides of the same exposure.
BAPR has a lower expense ratio. BAPR led over the full window, FIAT over 1Y. The two move opposite each other, correlation -0.57, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BAPR | FIAT |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.05% |
| AUM | $418M | $30M |
| Dividend Yield | 0.00% | 122.18% |
| Holdings | 18 | 15 |
| YTD Return | +14.20%Best | +4.11% |
| 1Y Return | +17.24% | +35.51%Best |
| 3Y Return (annualized) | +15.56% | - |
| 5Y Return (annualized) | +11.13% | - |
| Volatility (annualized) | 7.3%Best | 55.0% |
| Max Drawdown | -15.6%Best | -70.5% |
| $10,000 over 2.3 years | $13,004Best | $5,438 |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 29, 2019 | Jul 9, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 10, 2024 to Oct 14, 2026 (2.3 years).
BAPR vs FIAT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
BAPR vs FIAT Performance
Innovator US Equity Buffer ETF - April (BAPR) is an ETF from Innovator ETFs Trust and YieldMax Short COIN Option Income Strategy ETF (FIAT) is an ETF from YieldMax ETF. Over the past year BAPR returned +17.24% while FIAT returned +35.51%. Year to date, BAPR is up 14.20% versus a gain of 4.11% for FIAT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 55.0% compared with 7.3% for BAPR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.6% for BAPR and -70.5% for FIAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.57. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
BAPR charges 0.79% per year while FIAT charges 1.05%. On a $10,000 position that is $79 vs $105 annually, a gap of $26 per year that compounds over a long holding period. On income, BAPR currently yields 0.00% against 122.18% for FIAT.
You are not choosing between two funds in isolation.
Whichever of BAPR and FIAT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BAPR or FIAT?
BAPR has an expense ratio of 0.79% while FIAT charges 1.05%. BAPR is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, BAPR or FIAT?
Over the past year BAPR returned +17.24% vs +35.51% for FIAT, so FIAT leads on 1-year performance. Over the longest common window we track (2 years), BAPR annualized +12.10% vs -23.27% for FIAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAPR or FIAT?
FIAT has been the more volatile fund at 55.0% annualized versus 7.3% for BAPR. Worst drawdown: BAPR -15.6% vs FIAT -70.5%.
Should I hold both BAPR and FIAT?
BAPR and FIAT have a monthly-return correlation of -0.57, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, BAPR or FIAT?
BAPR yields 0.00% while FIAT yields 122.18%, so FIAT currently pays the higher dividend yield.
Is FIAT better than BAPR?
BAPR has a lower expense ratio. BAPR led over the full window, FIAT over 1Y. The two move opposite each other, correlation -0.57, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.