BNOV vs SPRX

Comparison between Innovator U.S. Equity Buffer ETF - November (BNOV, ETF) and SPEAR ALPHA ETF (SPRX, ETF).

5-Year PerformanceSPRX has outperformed BNOV, delivering a return of +16.0% compared to +8.9%

BNOV vs SPRX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BNOV(ETF)	SPRX(ETF)
Net Assets	$208M	$207M
Expense Ratio	0.79%	0.75%
Max Drawdown	24.66%	51.34%
Sharpe Ratio	1.19	0.69
5Y Beta	0.65	2.22
P/E Ratio	N/A	-321.53
Forward P/E	N/A	38.87
PEG Ratio	N/A	-0.11
Debt to Equity	N/A	39.46%
P/S Ratio	N/A	13.99
P/B Ratio	N/A	11.44

Net Assets

Winner

BNOV

$208M

SPRX

$207M

Expense Ratio

BNOV

0.79%

Winner

SPRX

0.75%

Max Drawdown

Winner

BNOV

24.66%

SPRX

51.34%

Sharpe Ratio

Winner

BNOV

1.19

SPRX

0.69

5Y Beta

Winner

BNOV

0.65

SPRX

2.22

P/E Ratio

BNOV

N/A

SPRX

-321.53

Forward P/E

BNOV

N/A

SPRX

38.87

PEG Ratio

BNOV

N/A

SPRX

-0.11

Debt to Equity

BNOV

N/A

SPRX

39.46%

P/S Ratio

BNOV

N/A

SPRX

13.99

P/B Ratio

BNOV

N/A

SPRX

11.44

BNOV vs SPRX - Historical Returns

Returns include dividend reinvestment.

Period	BNOV	SPRX
1 month	+3.03%	+10.07%
3 months	+2.66%	-20.87%
6 months	+9.89%	+13.82%
1 year	+14.87%	+26.02%
5 years(CAGR)	+8.91%	+15.96%
Max(CAGR)	+9.97%	+17.06%

BNOV

+3.03%

Winner

SPRX

+10.07%

Winner

BNOV

+2.66%

SPRX

-20.87%

BNOV

+9.89%

Winner

SPRX

+13.82%

BNOV

+14.87%

Winner

SPRX

+26.02%

5Y(CAGR)

BNOV

+8.91%

Winner

SPRX

+15.96%

Max(CAGR)

BNOV

+9.97%

Winner

SPRX

+17.06%

BNOV vs SPRX - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	BNOV	SPRX
2026	+10.53%	+9.92%
2025	+13.39%	+36.86%
2024	+12.80%	+26.07%
2023	+17.54%	+90.61%
2022	-9.92%	-44.77%
2021	+11.59%	+8.91%
2020	+11.32%	N/A
2019	+3.70%	N/A

BNOV vs SPRX Drawdown Comparison

The maximum drawdown for BNOV was -24.66%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The maximum drawdown for SPRX was -51.22%, occurring on Nov 9, 2022. Recovery took 557 trading sessions.

The current BNOV drawdown is -0.37%. The current SPRX drawdown is -24.54%.

Rank	BNOV	SPRX
#1	-24.66% Feb 19, 2020 - Aug 5, 2020	-51.22% Nov 8, 2021 - Jan 29, 2024
#2	-16.27% Jan 4, 2022 - Jun 12, 2023	-42.12% Jan 23, 2025 - Jul 9, 2025
#3	-13.70% Feb 19, 2025 - Jun 24, 2025	-35.87% Jun 2, 2026 - Jul 29, 2026
#4	-10.13% Jul 28, 2023 - Dec 27, 2023	-24.21% Oct 31, 2025 - Apr 17, 2026
#5	-6.57% Jan 27, 2026 - Apr 14, 2026	-23.70% Feb 14, 2024 - Nov 21, 2024
#6	-4.78% Oct 12, 2020 - Nov 9, 2020	-11.96% Jan 6, 2025 - Jan 22, 2025
#7	-4.14% Sep 2, 2020 - Oct 8, 2020	-10.10% Oct 9, 2025 - Oct 31, 2025
#8	-3.77% Nov 3, 2025 - Dec 23, 2025	-8.56% Sep 3, 2021 - Oct 28, 2021
#9	-2.88% Nov 5, 2021 - Dec 8, 2021	-7.98% Aug 12, 2025 - Sep 9, 2025
#10	-2.72% Jun 1, 2026 - Jul 9, 2026	-7.12% May 14, 2026 - May 21, 2026
#11	-2.50% Jul 16, 2024 - Aug 14, 2024	-6.81% Apr 22, 2026 - May 6, 2026
#12	-2.42% Dec 6, 2024 - Jan 21, 2025	-6.57% Dec 16, 2024 - Dec 26, 2024
#13	-2.35% Jul 15, 2026 - Aug 3, 2026	-5.55% Dec 4, 2024 - Dec 16, 2024
#14	-2.12% Jan 20, 2021 - Feb 5, 2021	-5.54% Dec 26, 2024 - Jan 3, 2025
#15	-1.89% Feb 24, 2021 - Mar 9, 2021	-4.63% Aug 12, 2021 - Aug 24, 2021