AMZY vs. APRQ

Last updated Jun 4, 2026

AMZY (YieldMax AMZN Option Income Strategy ETF) and APRQ (Innovator Premium Income 40 Barrier ETF - April) are both Options Trading funds. Both are actively managed. AMZY charges 0.99%/yr vs 0.79%/yr for APRQ.

Performance

AMZY vs. APRQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AMZN Option Income Strategy ETF (AMZY) and Innovator Premium Income 40 Barrier ETF - April (APRQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMZY

• 1D: -2.31%
• 1M: -6.16%
• YTD: 3.56%
• 6M: 3.86%
• 1Y: 14.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APRQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZY vs. APRQ - Yearly Performance Comparison

	2026 (YTD)
AMZY YieldMax AMZN Option Income Strategy ETF	14.96%
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%

Return for Risk

AMZY vs. APRQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZY

AMZY Risk / Return Rank: 18
AMZY Sharpe Ratio Rank: 18
AMZY Sortino Ratio Rank: 18
AMZY Omega Ratio Rank: 19
AMZY Calmar Ratio Rank: 18
AMZY Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZY vs. APRQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AMZN Option Income Strategy ETF (AMZY) and Innovator Premium Income 40 Barrier ETF - April (APRQ). 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.

	AMZY	APRQ	Difference
Sharpe ratio: Return per unit of total volatility	0.61	—	—
Sortino ratio: Return per unit of downside risk	0.95	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	0.73	—	—
Martin ratio: Return relative to average drawdown	1.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMZY	APRQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	—	—

Drawdowns

AMZY vs. APRQ - Drawdown Comparison

The maximum AMZY drawdown since its inception was -23.70%, which is greater than APRQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AMZY and APRQ.

Drawdown Indicators

	AMZY	APRQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	0.00%	-23.70%
Max Drawdown (1Y) Largest decline over 1 year	-19.61%	—	—
Current Drawdown Current decline from peak	-7.53%	0.00%	-7.53%
Average Drawdown Average peak-to-trough decline	-5.32%	0.00%	-5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.88%	—	—

Volatility

Volatility by Period

	AMZY	APRQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.59%	0.00%	+23.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.06%	0.00%	+25.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.06%	0.00%	+25.06%

AMZY vs. APRQ - Expense Ratio Comparison

AMZY has a 0.99% expense ratio, which is higher than APRQ's 0.79% expense ratio.

Dividends

AMZY vs. APRQ - Dividend Comparison

AMZY's dividend yield for the trailing twelve months is around 57.72%, while APRQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
AMZY YieldMax AMZN Option Income Strategy ETF	57.72%	52.59%	47.91%	9.90%
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, AMZY or APRQ?

On fees, APRQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMZY or APRQ?

APRQ is cheaper with a 0.79% expense ratio, compared with 0.99% for AMZY.

Which ETF pays a higher dividend yield, AMZY or APRQ?

AMZY has the higher dividend yield at 57.72%, compared with 0.00% for APRQ.

What is the main difference between AMZY and APRQ?

They also come from different issuers: YieldMax and Innovator. Their fees differ too: 0.99% for AMZY and 0.79% for APRQ.