APLY vs. JULQ

Last updated Jun 5, 2026

APLY (YieldMax AAPL Option Income Strategy ETF) and JULQ (Innovator Premium Income 40 Barrier ETF - July) are both Options Trading funds. Both are actively managed. APLY charges 0.99%/yr vs 0.79%/yr for JULQ.

Performance

APLY vs. JULQ - Performance Comparison

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

Returns By Period

APLY

• 1D: 0.36%
• 1M: 7.32%
• YTD: 9.80%
• 6M: 6.91%
• 1Y: 37.15%
• 3Y*: 12.18%
• 5Y*: —
• 10Y*: —

JULQ

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

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

APLY vs. JULQ - Yearly Performance Comparison

	2026 (YTD)
APLY YieldMax AAPL Option Income Strategy ETF	8.32%
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%

Return for Risk

APLY vs. JULQ — Risk / Return Rank

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

APLY

APLY Risk / Return Rank: 61
APLY Sharpe Ratio Rank: 63
APLY Sortino Ratio Rank: 62
APLY Omega Ratio Rank: 64
APLY Calmar Ratio Rank: 65
APLY Martin Ratio Rank: 49

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.

APLY vs. JULQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AAPL Option Income Strategy ETF (APLY) and Innovator Premium Income 40 Barrier ETF - July (JULQ). 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.

	APLY	JULQ	Difference
Sharpe ratio: Return per unit of total volatility	2.08	—	—
Sortino ratio: Return per unit of downside risk	2.85	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	3.17	—	—
Martin ratio: Return relative to average drawdown	8.09	—	—
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

	APLY	JULQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	—	—

Drawdowns

APLY vs. JULQ - Drawdown Comparison

The maximum APLY drawdown since its inception was -30.41%, which is greater than JULQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for APLY and JULQ.

Drawdown Indicators

	APLY	JULQ	Difference
Max Drawdown Largest peak-to-trough decline	-30.41%	0.00%	-30.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.41%	—	—
Current Drawdown Current decline from peak	-0.58%	0.00%	-0.58%
Average Drawdown Average peak-to-trough decline	-6.92%	0.00%	-6.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	—	—

Volatility

Volatility by Period

	APLY	JULQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.98%	0.00%	+17.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	0.00%	+20.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	0.00%	+20.96%

APLY vs. JULQ - Expense Ratio Comparison

APLY has a 0.99% expense ratio, which is higher than JULQ's 0.79% expense ratio.

Dividends

APLY vs. JULQ - Dividend Comparison

APLY's dividend yield for the trailing twelve months is around 35.75%, while JULQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
APLY YieldMax AAPL Option Income Strategy ETF	35.75%	36.38%	24.95%	14.36%
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, APLY or JULQ?

On fees, JULQ 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, APLY or JULQ?

JULQ is cheaper with a 0.79% expense ratio, compared with 0.99% for APLY.

Which ETF pays a higher dividend yield, APLY or JULQ?

APLY has the higher dividend yield at 35.75%, compared with 0.00% for JULQ.

What is the main difference between APLY and JULQ?

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