{"url":"https://etfiq.com/compare/buffer/aapr-vs-xbap","section":"compare","title":"AAPR vs XBAP: Cap, Buffer & Days Left | ETFIQ","description":"As of Oct 22, 2026 AAPR can gain 10.7% before its cap and XBAP 4.1%. Each can fall 4.4% and 9.6% before its buffer engages, on SPY.","as_of":"Oct 22, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which has more room to gain, AAPR or XBAP?","acceptedAnswer":{"@type":"Answer","text":"From their prices on Oct 22, 2026, AAPR can gain about 10.7% before its cap and XBAP about 4.1%, so AAPR has more room left this period."}},{"@type":"Question","name":"Which resets first, AAPR or XBAP?","acceptedAnswer":{"@type":"Answer","text":"AAPR ends its outcome period on Mar 31, 2028 and XBAP on Mar 31, 2027. A new cap is set the day after each."}},{"@type":"Question","name":"Which is cheaper, AAPR or XBAP?","acceptedAnswer":{"@type":"Answer","text":"AAPR and XBAP both charge 0.79% a year, so neither is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Buffer ETFs","item":"https://etfiq.com/buffer/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"AAPR vs XBAP","item":"https://etfiq.com/compare/buffer/aapr-vs-xbap"}]},{"@type":"WebPage","name":"AAPR vs XBAP: Cap, Buffer & Days Left","description":"As of Oct 22, 2026 AAPR can gain 10.7% before its cap and XBAP 4.1%. Each can fall 4.4% and 9.6% before its buffer engages, on SPY.","url":"https://etfiq.com/compare/buffer/aapr-vs-xbap","dateModified":"2026-10-22","abstract":"As of Oct 22, 2026 XBAP can fall 9.6% before its buffer engages and AAPR 4.4%, and XBAP resets 366 days sooner.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AAPR and XBAP","description":"As of Oct 22, 2026 AAPR can gain 10.7% before its cap and XBAP 4.1%. Each can fall 4.4% and 9.6% before its buffer engages, on SPY.","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/buffer/aapr-vs-xbap","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"}],"variableMeasured":["Remaining cap","Fall before the buffer engages","Protection left in index points","Starting buffer","Outcome period","Reference index return","Fund return","Days remaining","Expense ratio"],"keywords":["exchange-traded funds","ETF","Buffer ETFs","fund data","SEC filings"]}],"characters":6834,"truncated":true,"content":"ETFIQ / Buffer ETFs / Compare ETFs / AAPR vs XBAP \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 22, 2026 .\n\n AAPR vs XBAP: Cap, Buffer & Days Left\n\n As of Oct 22, 2026 XBAP can fall 9.6% before its buffer engages and AAPR 4.4%, and XBAP resets 366 days sooner.\n Copy this for sharing \n \n Both cost 0.79% a year; their one-year returns differ by 6.6 points; XBAP is 1.8 times larger.\n AAPR and XBAP at a glance. As of Oct 22, 2026. Source: ETFIQ. AAPR XBAP \n Expense ratio 0.79% 0.79% \n Net assets $71m $128m \n Total return, 1 year +7.0% +13.6% \n What it tracks SPY SPY \n Holdings in comm","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, AAPR against XBAP, data as of Oct 22, 2026. https://etfiq.com/compare/buffer/aapr-vs-xbap","a":{"ticker":"AAPR","name":"Innovator Equity Defined Protection ETF - Apr 2028","issuer":"Innovator","desk":"buffer","as_of":"2026-10-22","verdict":"Since Mar 31, 2026, AAPR returned 4.1%, against 17.5% for SPY. It can gain 10.7% more before its cap.","url":"https://etfiq.com/funds/aapr","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"10.7%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"4.4%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"100.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"526","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$71m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"b":{"ticker":"XBAP","name":"Innovator U.S. Equity Accelerated 9 Buffer ETF - Apr","issuer":"Innovator","desk":"buffer","as_of":"2026-10-22","verdict":"Since Mar 31, 2026, XBAP returned 10.1%, against 17.5% for SPY. It can gain 4.1% more before its cap.","url":"https://etfiq.com/funds/xbap","key_facts":[{"label":"Can still gain from today\u2019s fund price","value":"4.1%","as_of":"2026-10-22","source":null},{"label":"Fall before the buffer from today\u2019s fund price","value":"9.6%","as_of":"2026-10-22","source":null},{"label":"Protection left, index points","value":"9.0%","as_of":"2026-10-22","source":null},{"label":"Days to reset","value":"160","as_of":"2026-10-22","source":null},{"label":"Net assets","value":"$128m","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.79%","as_of":"2026-10-22","source":"issuer page, Oct 22, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/buffer/aapr-vs-xbap"}