LAPR vs QQQ
Innovator Premium Income 15 Buffer ETF - April vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | LAPR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.18% | |
| AUM | $11M | $496.3B | |
| Dividend Yield | 5.22% | 0.44% | |
| Holdings | 13 | 108 | |
| YTD Return | +0.50% | +16.23% | |
| 1Y Return | +0.29% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 1.6% | 30.6% | |
| Max Drawdown | -3.8% | -83.0% | |
| Fund Family | Innovator ETFs Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 1, 2024 | Mar 10, 1999 |
LAPR vs QQQ Performance
Innovator Premium Income 15 Buffer ETF - April (LAPR) is a ETF from Innovator ETFs Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year LAPR returned +0.29% while QQQ returned +26.23%. Year to date, LAPR is up 0.50% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LAPR charges 0.79% per year while QQQ charges 0.18%. On a $10,000 position that is $79 vs $18 annually, a gap of $61 per year that compounds over a long holding period. On income, LAPR currently yields 5.22% against 0.44% for QQQ.
Frequently Asked Questions
Which is cheaper, LAPR or QQQ?
LAPR has an expense ratio of 0.79% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, LAPR or QQQ?
Over the past year LAPR returned +0.29% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), LAPR annualized +3.53% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, LAPR or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 1.6% for LAPR. Worst drawdown: LAPR -3.8% vs QQQ -83.0%.
Should I hold both LAPR and QQQ?
LAPR and QQQ have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, LAPR or QQQ?
LAPR yields 5.22% while QQQ yields 0.44%, so LAPR currently pays the higher dividend yield.
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