PAPRvsSPYIETF Comparison
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Innovator U.S. Equity Power Buffer ETF - April (PAPR) and NEOS S&P 500 High Income ETF (SPYI) belong to the same industry segment: Options Strategies. PAPR is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.68% for SPYI. PAPR is up 10.29% year-to-date (YTD) with +$83M in YTD flows. SPYI performs worse with 9.88% YTD performance, and +$5.62B in YTD flows. Run a side-by-side ETF comparison of PAPR and SPYI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PAPR vs SPYI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAPR SPYI | -0.25%-1.66% | +1.24%+0.56% | +10.29%+9.88% | +11.80%+11.27% | +40.13%+60.34% | +48.30%n/a |
| Flows | PAPR SPYI | -$2M+$362M | -$12M+$1.54B | +$83M+$5.62B | +$61M+$6.62B | +$84M+$11.87B | +$399M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAPR SPYI | +2.76%+8.13% | +3.55%+10.87% | +7.41%+12.50% | +8.50%n/a |
| Max drawdown | PAPR SPYI | -0.65%-2.62% | -1.31%-7.69% | -11.75%-16.58% | -11.75%n/a |
| Max drawdown duration | PAPR SPYI | 5d20d | 11d48d | 156d125d | 156dn/a |
Trading data
PAPR | SPYI | |
Last sale 11/3/2026 at 2:30 PM | $43.20 | $52.36 |
| Previous close 11/02/2026 | $43.15 | $52.19 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/3/2026 at 2:30 PM
Live
Closed
PAPR | SPYI | |
|---|---|---|
| Last price | $43.20 | $52.36 |
| 1D performance | +0.12% | +0.32% |
| AuM | $956.37 M | $12.41 B |
| E/R | 0.79% | 0.68% |
Characteristics
PAPR | SPYI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Innovator | NEOS Investment Management |
| Benchmark | - | - |
| N° of holdings | - | - |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 1, 2019 | August 30, 2022 |
| ESG | No | No |
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Exposure
Countries
PAPR
Data will be available soon
SPYI
Data will be available soon
Sectors
PAPR
Data will be available soon
SPYI
Data will be available soon
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Diversification
PAPR
Data will be available soon
SPYI
Data will be available soon
Top 15 holdings
Data as of January 1, 1970
PAPR
Data will be available soon
SPYI
Data will be available soon
Frequently asked questions about PAPR and SPYI
How have the PAPR and SPYI ETFs performed in 2026?
As of November 2, 2026, PAPR is up 10.29% year-to-date (YTD), while SPYI has returned 9.88%. That puts PAPR better performer ahead so far this year.
Which ETF is attracting more investor money: PAPR or SPYI?
Year-to-date, the PAPR ETF saw +$83M in flows, compared to +$5.62B for SPYI.
Which ETF is more volatile: PAPR or SPYI?
Over the past year, PAPR had a volatility of 3.55%, while SPYI experienced 10.87%.
Which ETF is bigger: PAPR or SPYI?
As of November 2, 2026, PAPR holds $956.37 M in assets under management (AUM), while SPYI manages $12.41 B.
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