LAPR vs PNOV
Innovator Premium Income 15 Buffer ETF - April vs Innovator US Equity Power Buffer ETF - November
Which is better, LAPR or PNOV?
PNOV has been ahead.
PNOV led over 1Y and the full window.
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 | LAPR | PNOV |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $11M | $838M |
| Dividend Yield | 5.48% | 0.00% |
| Holdings | 30 | 18 |
| YTD Return | +0.12% | +10.08%Best |
| 1Y Return | +0.02% | +11.84%Best |
| 3Y Return (annualized) | - | +11.08% |
| 5Y Return (annualized) | - | +8.61% |
| Volatility (annualized) | 1.6%Best | 5.8% |
| Max Drawdown | -3.8%Best | -10.3% |
| $10,000 over 2.5 years | $10,809 | $12,893Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 1, 2024 | Oct 31, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 1, 2024 to Oct 15, 2026 (2.5 years).
LAPR vs PNOV 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 2.5 years both funds cover.
LAPR vs PNOV Performance
Innovator Premium Income 15 Buffer ETF - April (LAPR) is an ETF from Innovator ETFs Trust and Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust. Over the past year LAPR returned +0.02% while PNOV returned +11.84%. Year to date, LAPR is up 0.12% versus a gain of 10.08% for PNOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PNOV has been the more volatile fund, with annualized monthly volatility of 5.8% compared with 1.6% for LAPR. 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 -3.8% for LAPR and -10.3% for PNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
Fees and Cost Over Time
LAPR charges 0.79% per year while PNOV charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, LAPR currently yields 5.48% against 0.00% for PNOV.
You are not choosing between two funds in isolation.
Whichever of LAPR and PNOV 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, LAPR or PNOV?
LAPR has an expense ratio of 0.79% while PNOV charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, LAPR or PNOV?
Over the past year LAPR returned +0.02% vs +11.84% for PNOV, so PNOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LAPR or PNOV?
PNOV has been the more volatile fund at 5.8% annualized versus 1.6% for LAPR. Worst drawdown: LAPR -3.8% vs PNOV -10.3%.
Should I hold both LAPR and PNOV?
LAPR and PNOV have a monthly-return correlation of 0.60, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, LAPR or PNOV?
LAPR yields 5.48% while PNOV yields 0.00%, so LAPR currently pays the higher dividend yield.
Is PNOV better than LAPR?
PNOV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.