Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →
BFRZvsPEPSETF Comparison
Innovator Equity Managed 100 Buffer ETF (BFRZ) and Parametric Equity Plus ETF (PEPS) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. BFRZ is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.29% for PEPS. BFRZ is down -0.41% year-to-date (YTD) with +$39M in YTD flows. PEPS performs worse with -0.51% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of BFRZ and PEPS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
BFRZ vs PEPS performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BFRZ PEPS | -0.44%-2.34% | -0.30%-1.69% | -0.41%-0.51% | n/a+27.07% | n/an/a | n/an/a |
| Flows | BFRZ PEPS | +$5M- | +$39M- | +$39M- | --$1M | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BFRZ PEPS | +5.65%+13.31% | n/a+19.56% | n/an/a | n/an/a |
| Max drawdown | BFRZ PEPS | -1.40%-3.80% | n/a-15.21% | n/an/a | n/an/a |
| Max drawdown duration | BFRZ PEPS | 24d37d | n/a45d | n/an/a | n/an/a |
BFRZ | PEPS | |
Last sale 3/13/2026 at 1:30 PM | $26.64 | $28.53 |
| Previous close 03/12/2026 | $26.71 | $28.73 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
BFRZ | PEPS | |
|---|---|---|
| Last price | $26.64 | $28.53 |
| 1D performance | -0.26% | -0.70% |
| AuM | $116.01 M | $24.82 M |
| E/R | 0.89% | 0.29% |
BFRZ | PEPS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 169 | 154 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 13, 2025 | November 7, 2024 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the BFRZ and PEPS ETFs performed in 2026?
As of March 12, 2026, BFRZ is down -0.41% year-to-date (YTD), while PEPS has lost -0.51%. That puts BFRZ better performer ahead so far this year.
Which ETF is attracting more investor money: BFRZ or PEPS?
Year-to-date, the BFRZ ETF saw +$39M in flows, compared to - for PEPS.
Which ETF is bigger: BFRZ or PEPS?
As of March 12, 2026, BFRZ holds $116.01 M in assets under management (AUM), while PEPS manages $24.82 M.
What sectors do the BFRZ and PEPS ETFs invest in?
BFRZ leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, PEPS focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the BFRZ ETF and PEPS ETF?
BFRZ top holdings include NVIDIA, APPLE and MICROSOFT-T. PEPS holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: BFRZ or PEPS?
BFRZ holds 183 securities with 44.95% of its assets in the top 15. PEPS has 162 securities and a top 15 weight of 43.81%.
Calamos Investments Powers the Next Phase of the Autocallable Revolution
Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.
Accepted for 1 CE Credit
