PAPR vs ZSEP
Innovator US Equity Power Buffer ETF - April vs Innovator Equity Defined Protection ETF - 1 Yr September
Which is better, PAPR or ZSEP?
PAPR has been ahead.
PAPR 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 | PAPR | ZSEP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $964M | $231M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 20 |
| YTD Return | +10.66%Best | +4.19% |
| 1Y Return | +13.12%Best | +5.45% |
| 3Y Return (annualized) | +11.87% | - |
| 5Y Return (annualized) | +8.43% | - |
| Volatility (annualized) | 5.5% | 2.6%Best |
| Max Drawdown | -11.9% | -4.0%Best |
| $10,000 over 2.1 years | $12,342Best | $11,369 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 29, 2019 | Aug 31, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 3, 2024 to Oct 14, 2026 (2.1 years).
PAPR vs ZSEP 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 2.1 years both funds cover.
PAPR vs ZSEP Performance
Innovator US Equity Power Buffer ETF - April (PAPR) is an ETF from Innovator ETFs Trust and Innovator Equity Defined Protection ETF - 1 Yr September (ZSEP) is an ETF from Innovator ETFs Trust. Over the past year PAPR returned +13.12% while ZSEP returned +5.45%. Year to date, PAPR is up 10.66% versus a gain of 4.19% for ZSEP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAPR has been the more volatile fund, with annualized monthly volatility of 5.5% compared with 2.6% for ZSEP. 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 -11.9% for PAPR and -4.0% for ZSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PAPR charges 0.79% per year while ZSEP charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PAPR currently yields 0.00% against 0.00% for ZSEP.
You are not choosing between two funds in isolation.
Whichever of PAPR and ZSEP 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, PAPR or ZSEP?
PAPR has an expense ratio of 0.79% while ZSEP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PAPR or ZSEP?
Over the past year PAPR returned +13.12% vs +5.45% for ZSEP, so PAPR leads on 1-year performance. Over the longest common window we track (2 years), PAPR annualized +10.54% vs +6.30% for ZSEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PAPR or ZSEP?
PAPR has been the more volatile fund at 5.5% annualized versus 2.6% for ZSEP. Worst drawdown: PAPR -11.9% vs ZSEP -4.0%.
Should I hold both PAPR and ZSEP?
PAPR and ZSEP have a monthly-return correlation of 0.89, 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, PAPR or ZSEP?
PAPR yields 0.00% while ZSEP yields 0.00%, so ZSEP currently pays the higher dividend yield.
Is ZSEP better than PAPR?
PAPR 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.