PAPR vs FLSP

Comparison between Innovator U.S. Equity Power Buffer ETF - April (PAPR, ETF) and FRANKLIN SYSTEMATIC STYLE PREMIA ETF (FLSP, ETF).

5-Year PerformancePAPR has outperformed FLSP, delivering a return of +8.2% compared to +8.2%

PAPR vs FLSP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PAPR(ETF)	FLSP(ETF)
Net Assets	$954M	$946M
Expense Ratio	0.79%	0.65%
Max Drawdown	15.85%	28.55%
Sharpe Ratio	2.49	1.40
5Y Beta	0.46	-0.03
P/E Ratio	N/A	22.64
Forward P/E	N/A	17.17
PEG Ratio	N/A	0.25
5Y Dividends CAGR	N/A	-8.90%
Debt to Equity	N/A	24.58%
P/S Ratio	N/A	2.14
P/B Ratio	N/A	4.56

Net Assets

Winner

PAPR

$954M

FLSP

$946M

Expense Ratio

PAPR

0.79%

Winner

FLSP

0.65%

Max Drawdown

Winner

PAPR

15.85%

FLSP

28.55%

Sharpe Ratio

Winner

PAPR

2.49

FLSP

1.40

5Y Beta

PAPR

0.46

Winner

FLSP

-0.03

P/E Ratio

PAPR

N/A

FLSP

22.64

Forward P/E

PAPR

N/A

FLSP

17.17

PEG Ratio

PAPR

N/A

FLSP

0.25

5Y Dividends CAGR

PAPR

N/A

FLSP

-8.90%

Debt to Equity

PAPR

N/A

FLSP

24.58%

P/S Ratio

PAPR

N/A

FLSP

2.14

P/B Ratio

PAPR

N/A

FLSP

4.56

PAPR vs FLSP - Historical Returns

Returns include dividend reinvestment.

Period	PAPR	FLSP
1 month	+0.81%	+0.69%
3 months	+2.83%	+2.14%
6 months	+8.04%	+2.36%
1 year	+12.90%	+17.37%
5 years(CAGR)	+8.24%	+8.17%
Max(CAGR)	+7.82%	+4.23%

Winner

PAPR

+0.81%

FLSP

+0.69%

Winner

PAPR

+2.83%

FLSP

+2.14%

Winner

PAPR

+8.04%

FLSP

+2.36%

PAPR

+12.90%

Winner

FLSP

+17.37%

5Y(CAGR)

Winner

PAPR

+8.24%

FLSP

+8.17%

Max(CAGR)

Winner

PAPR

+7.82%

FLSP

+4.23%

PAPR vs FLSP - Annual Returns (2019 - 2026)

Returns include dividend reinvestment.

Year	PAPR	FLSP
2026	+8.40%	+3.24%
2025	+6.74%	+15.49%
2024	+12.62%	+8.79%
2023	+16.49%	+4.72%
2022	-4.42%	+1.19%
2021	+7.55%	+11.51%
2020	+4.32%	-14.53%
2019	+6.47%	+0.90%

PAPR vs FLSP Drawdown Comparison

The maximum drawdown for PAPR was -15.31%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The maximum drawdown for FLSP was -22.74%, occurring on Mar 24, 2021. Recovery took 922 trading sessions.

The current PAPR drawdown is -0.06%. The current FLSP drawdown is -0.22%.

Rank	PAPR	FLSP
#1	-15.31% Feb 19, 2020 - Aug 5, 2020	-22.74% Feb 18, 2020 - Oct 23, 2023
#2	-11.87% Feb 19, 2025 - Jul 28, 2025	-6.69% Oct 23, 2023 - Oct 30, 2023
#3	-10.95% Apr 4, 2022 - May 17, 2023	-6.66% Apr 1, 2025 - May 30, 2025
#4	-4.68% Jul 16, 2024 - Aug 19, 2024	-6.08% Oct 30, 2023 - Feb 2, 2024
#5	-4.55% Jul 28, 2023 - Nov 14, 2023	-4.65% May 31, 2024 - Feb 27, 2025
#6	-3.52% Apr 29, 2019 - Jun 19, 2019	-4.19% Mar 25, 2024 - May 31, 2024
#7	-2.92% Jul 26, 2019 - Sep 12, 2019	-4.03% Mar 3, 2026 - Mar 23, 2026
#8	-2.89% Mar 28, 2024 - May 10, 2024	-3.24% May 30, 2025 - Aug 1, 2025
#9	-2.54% Jan 3, 2022 - Mar 18, 2022	-2.16% Feb 28, 2025 - Mar 26, 2025
#10	-2.43% Aug 30, 2024 - Sep 19, 2024	-1.94% Jan 29, 2026 - Feb 11, 2026
#11	-1.92% Oct 12, 2020 - Nov 6, 2020	-1.90% Jan 6, 2020 - Jan 21, 2020
#12	-1.87% May 7, 2021 - May 28, 2021	-1.86% Feb 26, 2024 - Mar 12, 2024
#13	-1.76% Sep 12, 2019 - Oct 15, 2019	-1.68% Nov 19, 2025 - Dec 11, 2025
#14	-1.70% Dec 6, 2024 - Jan 17, 2025	-1.50% Feb 11, 2026 - Feb 19, 2026
#15	-1.51% Aug 28, 2020 - Oct 8, 2020	-1.47% Jan 14, 2026 - Jan 27, 2026