PSEP vs XBAP
Innovator U.S. Equity Power Buffer ETF - September vs Innovator US Equity Accelerated 9 Buffer ETF - April
Which is better, PSEP or XBAP?
XBAP has been ahead.
XBAP led over 1Y, 3Y, 5Y 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 | PSEP | XBAP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $1.2B | $129M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 12 | 27 |
| YTD Return | +7.94% | +11.62%Best |
| 1Y Return | +10.31% | +14.12%Best |
| 3Y Return (annualized) | +12.85% | +13.89%Best |
| 5Y Return (annualized) | +9.75% | +9.89%Best |
| Volatility (annualized) | 7.7%Best | 8.5% |
| Max Drawdown | -9.9%Best | -14.6% |
| $10,000 over 5 years | $15,923 | $16,025Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 2019 | Mar 31, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2021 to Oct 15, 2026 (5.5 years).
PSEP vs XBAP 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 5.5 years both funds cover.
PSEP vs XBAP Performance
Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an ETF from Innovator ETFs Trust and Innovator US Equity Accelerated 9 Buffer ETF - April (XBAP) is an ETF from Innovator ETFs Trust. Over the past year PSEP returned +10.31% while XBAP returned +14.12%. Year to date, PSEP is up 7.94% versus a gain of 11.62% for XBAP.
Over three years, PSEP compounded at +12.85% per year against +13.89% for XBAP; over five years the annualized figures are +9.75% and +9.89% respectively. Across the full 6-year window we track, XBAP has the edge at +9.94% annualized vs +9.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XBAP has been the more volatile fund, with annualized monthly volatility of 8.5% compared with 7.7% for PSEP. 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 -9.9% for PSEP and -14.6% for XBAP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSEP charges 0.79% per year while XBAP charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PSEP currently yields 0.00% against 0.00% for XBAP.
Holdings Overlap
We hold position weights for 494 holdings in PSEP and 1 in XBAP, totalling 98.1% and 105.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 494 positions we hold weights for in PSEP and 1 in XBAP, against full books of 12 and 27.
You are not choosing between two funds in isolation.
Whichever of PSEP and XBAP 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, PSEP or XBAP?
PSEP has an expense ratio of 0.79% while XBAP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PSEP or XBAP?
Over the past year PSEP returned +10.31% vs +14.12% for XBAP, so XBAP leads on 1-year performance. Over the longest common window we track (6 years), PSEP annualized +9.27% vs +9.94% for XBAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSEP or XBAP?
XBAP has been the more volatile fund at 8.5% annualized versus 7.7% for PSEP. Worst drawdown: PSEP -9.9% vs XBAP -14.6%.
Should I hold both PSEP and XBAP?
PSEP and XBAP have a monthly-return correlation of 0.87, 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, PSEP or XBAP?
PSEP yields 0.00% while XBAP yields 0.00%, so XBAP currently pays the higher dividend yield.
Is XBAP better than PSEP?
XBAP led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.