KAPR vs SPY
Innovator US Small Cap Power Buffer ETF - April vs State Street SPDR S&P 500 ETF Trust
Which is better, KAPR or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. KAPR led over 1Y, SPY over 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 | KAPR | SPY |
|---|---|---|
| Expense Ratio | 0.79% | 0.09%Best |
| AUM | $216M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 12 | 505 |
| YTD Return | +13.00%Best | +11.52% |
| 1Y Return | +17.57%Best | +17.48% |
| 3Y Return (annualized) | +13.37% | +20.62%Best |
| 5Y Return (annualized) | +7.85% | +12.73%Best |
| Volatility (annualized) | 10.0%Best | 15.3% |
| Max Drawdown | -16.9%Best | -24.5% |
| $10,000 over 5 years | $14,592 | $18,205Best |
| Fund Family | Innovator ETFs Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Mar 31, 2020 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2020 to Sep 10, 2026 (6.4 years).
KAPR vs SPY 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 6.4 years both funds cover.
KAPR vs SPY Performance
Innovator US Small Cap Power Buffer ETF - April (KAPR) is an ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year KAPR returned +17.57% while SPY returned +17.48%. Year to date, KAPR is up 13.00% versus a gain of 11.52% for SPY.
Over three years, KAPR compounded at +13.37% per year against +20.62% for SPY; over five years the annualized figures are +7.85% and +12.73% respectively. Across the full 6-year window we track, SPY has the edge at +20.45% annualized vs +9.52%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 10.0% for KAPR. 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 -16.9% for KAPR and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
KAPR charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, KAPR currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of KAPR and SPY 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, KAPR or SPY?
KAPR has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, KAPR or SPY?
Over the past year KAPR returned +17.57% vs +17.48% for SPY, so KAPR leads on 1-year performance. Over the longest common window we track (6 years), KAPR annualized +9.52% vs +20.45% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KAPR or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.0% for KAPR. Worst drawdown: KAPR -16.9% vs SPY -24.5%.
Should I hold both KAPR and SPY?
KAPR and SPY have a monthly-return correlation of 0.80, 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, KAPR or SPY?
KAPR yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than KAPR?
SPY has a lower expense ratio. KAPR led over 1Y, SPY over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.