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FDRS vs TAPR

Founder-Led ETF vs Innovator Equity Defined Protection ETF - 2 Yr to April 2027

FDRS

Founder-Led ETF

Annual cost

0.49%

Fund size

$94M

TAPR

Innovator Equity Defined Protection ETF - 2 Yr to April 2027

Annual cost

0.79%

Fund size

$11M

Key differences

FDRS is an equity ETF, while TAPR is an alternative ETF. FDRS charges 0.49% a year and TAPR 0.79%.

  • FDRS is an equity fund, while TAPR is an alternative fund. They carry different risk/return profiles.
  • FDRS follows a index tracking strategy; TAPR uses structured outcome.
  • FDRS costs 0.30% less per year.
  • FDRS is much larger than TAPR. Larger funds are usually more liquid and less likely to close.

Side-by-side comparison

FDRSTAPR
Annual cost (TER)0.49%0.79%
Fund size (AUM)$94M$11M
Since20252025
Dividend yield0.00%
Asset classequityalternative
Regionnorth americanorth america
Strategyindex trackingstructured outcome
CAGR 1YN/A+6.2%
CAGR 3YN/AN/A
CAGR 5YN/AN/A
Sharpe 3YN/AN/A
Volatility 1Y2.24%
Max drawdown-21.64%-2.60%

Similar to FDRS and TAPR