PEPSvsBFRZETF Comparison
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Parametric Equity Plus ETF (PEPS) and Innovator Equity Managed 100 Buffer ETF (BFRZ) belong to the same industry segment: Options Strategies. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Consumer Discretionary. PEPS is less expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.89% for BFRZ. PEPS is up 8.5% year-to-date (YTD) with - in YTD flows. BFRZ performs worse with 0.48% YTD performance, and +$60M in YTD flows. Run a side-by-side ETF comparison of PEPS and BFRZ 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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PEPS vs BFRZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PEPS BFRZ | +1.76%+0.57% | +10.92%+0.89% | +8.50%+0.48% | +26.60%+6.28% | n/an/a | n/an/a |
| Flows | PEPS BFRZ | -+$11M | -+$21M | -+$60M | -+$123M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PEPS BFRZ | +16.41%+5.90% | +13.70%+5.31% | n/an/a | n/an/a |
| Max drawdown | PEPS BFRZ | -6.20%-2.72% | -9.84%-2.98% | n/an/a | n/an/a |
| Max drawdown duration | PEPS BFRZ | 21d10d | 80d102d | n/an/a | n/an/a |
Trading data
PEPS | BFRZ | |
Last sale 6/12/2026 at 1:30 PM | $31.78 | $26.90 |
| Previous close 06/11/2026 | $31.63 | $26.85 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 6/12/2026 at 1:30 PM
Live
Closed
PEPS | BFRZ | |
|---|---|---|
| Last price | $31.78 | $26.90 |
| 1D performance | +0.46% | +0.20% |
| AuM | $27.01 M | $138.50 M |
| E/R | 0.29% | 0.89% |
Characteristics
PEPS | BFRZ | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Morgan Stanley | Innovator |
| Benchmark | - | - |
| N° of holdings | 163 | 168 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 7, 2024 | May 13, 2025 |
| ESG | No | No |
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Exposure
Countries
PEPS
USA
87.44%
Other
12.56%
BFRZ
USA
93.18%
Other
6.82%
Sectors
PEPS
Information Techn.
31.33%
Communication Ser.
10.9%
Consumer Discreti.
9.47%
Financials
9.23%
Health Care
7.83%
Other
31.24%
BFRZ
Information Techn.
34.78%
Communication Ser.
10.6%
Consumer Discreti.
9.66%
Financials
8.9%
Health Care
7.81%
Industrials
7.68%
Other
20.57%
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Diversification
PEPS
Total weight of top 15 holdings out of 15
42.99%
BFRZ
Total weight of top 15 holdings out of 15
44.68%
Top 15 holdings
Data as of April 30, 2026
PEPS
NVIDIA
7.66%
APPLE
6.35%
MICROSOFT-T
5.07%
AMAZON.COM INC
3.98%
ALPHABET INC-CL
3.27%
ALPHABET INC-CL
2.91%
META PLATFORMS
2.47%
TESLA
1.77%
JPMORGAN CHASE
1.64%
LILLY
1.40%
MICRON TECHNOLOGY
1.37%
EXXON
1.34%
ADVANCED MICRO DEVICES
1.33%
BERKSHIRE HATHWAY
1.28%
JOHNSON&JOHNSON
1.15%
BFRZ
NVIDIA
8.21%
APPLE
6.32%
MICROSOFT-T
4.83%
AMAZON.COM INC
4.11%
BROADCOM LIMITED
3.32%
ALPHABET INC-CL
3.31%
ALPHABET INC-CL
2.74%
META PLATFORMS
2.43%
TESLA
1.89%
JPMORGAN CHASE
1.58%
LILLY
1.35%
EXXON
1.20%
BERKSHIRE HATHWAY
1.19%
MICRON TECHNOLOGY
1.11%
WALMART INC
1.09%
Frequently asked questions about PEPS and BFRZ
How have the PEPS and BFRZ ETFs performed in 2026?
As of June 12, 2026, PEPS is up 8.5% year-to-date (YTD), while BFRZ has returned 0.48%. That puts PEPS better performer ahead so far this year.
Which ETF is attracting more investor money: PEPS or BFRZ?
Year-to-date, the PEPS ETF saw - in flows, compared to +$60M for BFRZ.
Which ETF is more volatile: PEPS or BFRZ?
Over the past year, PEPS had a volatility of 13.7%, while BFRZ experienced 5.31%.
Which ETF is bigger: PEPS or BFRZ?
As of June 12, 2026, PEPS holds $27.01 M in assets under management (AUM), while BFRZ manages $138.50 M.
What sectors do the PEPS and BFRZ ETFs invest in?
PEPS leans toward sectors like Information Technology, Communication Services and Consumer Discretionary. Meanwhile, BFRZ focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the PEPS ETF and BFRZ ETF?
PEPS top holdings include NVIDIA, APPLE and MICROSOFT-T. BFRZ holds in its top three: NVIDIA, APPLE and MICROSOFT-T.
Which ETF is more diversified: PEPS or BFRZ?
PEPS holds 171 securities with 42.99% of its assets in the top 15. BFRZ has 182 securities and a top 15 weight of 44.68%.
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