BSTP vs PSTP
Innovator Buffer Step Up Strategy ETF vs Innovator Power Buffer Step Up Strategy ETF
Which is better, BSTP or PSTP?
BSTP has been ahead.
BSTP led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 1.00.
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 | BSTP | PSTP |
|---|---|---|
| Expense Ratio | 0.89%Tie | 0.89%Tie |
| AUM | $60M | $134M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 12 |
| YTD Return | +8.61%Best | +6.36% |
| 1Y Return | +11.72%Best | +8.60% |
| 3Y Return (annualized) | +14.61%Best | +11.72% |
| Volatility (annualized) | 10.8% | 8.1%Best |
| Max Drawdown | -16.7% | -12.5%Best |
| $10,000 over 4.6 years | $15,922Best | $14,727 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Long-Short Strategy | Long-Short Strategy |
| Inception | Mar 7, 2022 | Mar 7, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.6 years row, are measured over the window both funds cover: Mar 8, 2022 to Oct 14, 2026 (4.6 years).
BSTP vs PSTP 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 4.6 years both funds cover.
BSTP vs PSTP Performance
Innovator Buffer Step Up Strategy ETF (BSTP) is an ETF from Innovator ETFs Trust and Innovator Power Buffer Step Up Strategy ETF (PSTP) is an ETF from Innovator ETFs Trust. Over the past year BSTP returned +11.72% while PSTP returned +8.60%. Year to date, BSTP is up 8.61% versus a gain of 6.36% for PSTP.
Over three years, BSTP compounded at +14.61% per year against +11.72% for PSTP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BSTP has been the more volatile fund, with annualized monthly volatility of 10.8% compared with 8.1% for PSTP. 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 -16.7% for BSTP and -12.5% for PSTP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 1.00. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BSTP charges 0.89% per year while PSTP charges 0.89%. On a $10,000 position that is $89 vs $89 annually. On income, BSTP currently yields 0.00% against 0.00% for PSTP.
You are not choosing between two funds in isolation.
Whichever of BSTP and PSTP 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, BSTP or PSTP?
BSTP has an expense ratio of 0.89% while PSTP charges 0.89%. At the precision these are quoted to, they cost the same.
Which performed better, BSTP or PSTP?
Over the past year BSTP returned +11.72% vs +8.60% for PSTP, so BSTP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSTP or PSTP?
BSTP has been the more volatile fund at 10.8% annualized versus 8.1% for PSTP. Worst drawdown: BSTP -16.7% vs PSTP -12.5%.
Should I hold both BSTP and PSTP?
BSTP and PSTP have a monthly-return correlation of 1.00, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BSTP or PSTP?
BSTP yields 0.00% while PSTP yields 0.00%, so PSTP currently pays the higher dividend yield.
Is PSTP better than BSTP?
BSTP led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 1.00. Which one suits a particular account depends on what it is for. This is information, not a recommendation.