BAPR vs HEDG
Comparison between Innovator U.S. Equity Buffer ETF - April (BAPR, ETF) and EQUABLE SHARES HEDGED EQUITY ETF (HEDG, ETF).
BAPR vs HEDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
BAPR
$402M
HEDG
$401M
Expense Ratio
Winner
BAPR
0.79%
HEDG
0.96%
Max Drawdown
BAPR
23.91%
Winner
HEDG
4.33%
Sharpe Ratio
Winner
BAPR
2.41
HEDG
0.78
5Y Beta
BAPR
0.63
Winner
HEDG
0.35
BAPR vs HEDG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BAPR
-0.06%
HEDG
-0.07%
3M
Winner
BAPR
+8.91%
HEDG
+2.62%
6M
Winner
BAPR
+10.03%
HEDG
+2.39%
1Y
BAPR
+18.64%
HEDG
N/A
5Y(CAGR)
BAPR
+10.88%
HEDG
N/A
Max(CAGR)
Winner
BAPR
+10.73%
HEDG
+8.40%
BAPR vs HEDG - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | BAPR | HEDG |
|---|---|---|
| 2026 | +9.89% | +2.49% |
| 2025 | +8.48% | +3.16% |
| 2024 | +16.48% | N/A |
| 2023 | +23.41% | N/A |
| 2022 | -7.20% | N/A |
| 2021 | +12.71% | N/A |
| 2020 | +5.62% | N/A |
| 2019 | +10.49% | N/A |
BAPR vs HEDG Drawdown Comparison
The maximum drawdown for BAPR was -23.91%, occurring on Mar 20, 2020. Recovery took 130 trading sessions.
The maximum drawdown for HEDG was -3.85%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.
The current BAPR drawdown is -0.93%. The current HEDG drawdown is -0.76%.
| Rank | BAPR | HEDG |
|---|---|---|
| #1 | -23.91% Feb 19, 2020 - Aug 24, 2020 | -3.85% Feb 25, 2026 - Apr 17, 2026 |
| #2 | -15.58% Feb 19, 2025 - Aug 12, 2025 | -1.64% Nov 11, 2025 - Nov 25, 2025 |
| #3 | -15.17% Apr 4, 2022 - May 26, 2023 | -1.15% Feb 2, 2026 - Feb 24, 2026 |
| #4 | -7.85% Jul 24, 2019 - Dec 12, 2019 | -0.81% Jan 12, 2026 - Jan 26, 2026 |
| #5 | -7.04% Jul 31, 2023 - Nov 17, 2023 | -0.76% Jun 8, 2026 - Jun 11, 2026 |
| #6 | -5.95% Jan 4, 2022 - Mar 24, 2022 | -0.60% Nov 3, 2025 - Nov 10, 2025 |
| #7 | -5.86% Jul 16, 2024 - Aug 21, 2024 | -0.50% Oct 13, 2025 - Oct 17, 2025 |
| #8 | -5.12% Apr 30, 2019 - Jun 20, 2019 | -0.42% Dec 12, 2025 - Dec 19, 2025 |
| #9 | -3.85% Mar 28, 2024 - May 14, 2024 | -0.23% Jun 2, 2026 - Jun 8, 2026 |
| #10 | -2.93% Aug 30, 2024 - Sep 19, 2024 | -0.20% Dec 26, 2025 - Jan 5, 2026 |
| #11 | -2.69% May 7, 2021 - May 27, 2021 | -0.19% Jan 6, 2026 - Jan 9, 2026 |
| #12 | -2.63% Oct 12, 2020 - Nov 5, 2020 | -0.19% Jan 27, 2026 - Feb 2, 2026 |
| #13 | -2.45% Sep 3, 2021 - Oct 18, 2021 | -0.18% Dec 5, 2025 - Dec 10, 2025 |
| #14 | -2.41% Dec 6, 2024 - Jan 21, 2025 | -0.17% Apr 17, 2026 - Apr 22, 2026 |
| #15 | -2.28% Aug 28, 2020 - Oct 9, 2020 | -0.15% May 22, 2026 - May 29, 2026 |
Correlation
Correlation between BAPR and HEDG is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
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