AAPR vs. HIGH
Compare and contrast key facts about Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR) and Simplify Enhanced Income ETF (HIGH).
AAPR and HIGH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPR is an actively managed fund by Innovator. It was launched on Mar 28, 2024. HIGH is an actively managed fund by Simplify Asset Management Inc.. It was launched on Oct 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAPR or HIGH.
Key characteristics
| AAPR | HIGH | |
|---|---|---|
| Daily Std Dev | 4.61% | 3.49% |
| Max Drawdown | -2.18% | -3.39% |
| Current Drawdown | 0.00% | -2.76% |
Correlation
The correlation between AAPR and HIGH is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AAPR vs. HIGH - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AAPR vs. HIGH - Expense Ratio Comparison
AAPR has a 0.79% expense ratio, which is higher than HIGH's 0.51% expense ratio.
Risk-Adjusted Performance
AAPR vs. HIGH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR) and Simplify Enhanced Income ETF (HIGH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
AAPR vs. HIGH - Dividend Comparison
AAPR has not paid dividends to shareholders, while HIGH's dividend yield for the trailing twelve months is around 9.38%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AAPR Innovator Equity Defined Protection ETF - 2 Yr To April 2026 | 0.00% | 0.00% | 0.00% |
HIGH Simplify Enhanced Income ETF | 9.38% | 9.39% | 0.62% |
Drawdowns
AAPR vs. HIGH - Drawdown Comparison
The maximum AAPR drawdown since its inception was -2.18%, smaller than the maximum HIGH drawdown of -3.39%. Use the drawdown chart below to compare losses from any high point for AAPR and HIGH. For additional features, visit the drawdowns tool.
Volatility
AAPR vs. HIGH - Volatility Comparison
Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR) has a higher volatility of 1.46% compared to Simplify Enhanced Income ETF (HIGH) at 1.08%. This indicates that AAPR's price experiences larger fluctuations and is considered to be riskier than HIGH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.