ZAPR
Innovator Equity Defined Protection ETF - 1 Yr April
stockBATSETF

The VIX options expire on Wednesday. The expectation is that volatility will wind up “less capped” after the unwind. In a more volatile trading environment, many people are unaware of buffered ETFs and Sortino ratios. Start with Sortino. It’s like Sharpe but when it measures volatility, it excludes all upside volatility. What you’re looking for with Sortino is how smoothly does this go up. The smoothest up and to the right is SGOV. The Sortino on it is off the charts because it doesn’t go down. A solid Sortino is 2.0. But if you want more than SGOV gives while still keeping a solid Sortino, you may want to look at buffered ETFs. The point of a buffered ETF is that they’ll use options to cap your downside. Pull up a chart of some of the most popular ones: CPSP MMAX ZAPR APXM You’ll see truly high Sortino ratios and that up and to the right smoothness that people love about SGOV but with higher returns. Keep in mind, these come at a cost. SGOV costs 0.09% and these buffered ETFs can run as high as 0.85%. Many of them are new and there’s more to know but I manage multiple accounts; two for elderly relatives; and I’m looking at these as ways to stay sane if volatility spike after Wednesday.