APRD vs. BBHY
Compare and contrast key facts about Innovator Premium Income 10 Barrier ETF - April (APRD) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY).
APRD and BBHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. APRD is an actively managed fund by Innovator. It was launched on Mar 31, 2023. BBHY is a passively managed fund by JPMorgan that tracks the performance of the ICE BofA US High Yield Index. It was launched on Sep 15, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: APRD or BBHY.
Correlation
The correlation between APRD and BBHY is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
APRD vs. BBHY - Performance Comparison
Key characteristics
APRD:
2.16
BBHY:
1.42
APRD:
2.94
BBHY:
2.04
APRD:
1.58
BBHY:
1.32
APRD:
2.59
BBHY:
1.64
APRD:
19.08
BBHY:
9.44
APRD:
0.44%
BBHY:
0.87%
APRD:
3.88%
BBHY:
5.77%
APRD:
-3.23%
BBHY:
-24.98%
APRD:
0.00%
BBHY:
-2.27%
Returns By Period
In the year-to-date period, APRD achieves a 1.32% return, which is significantly higher than BBHY's -0.10% return.
APRD
1.32%
0.09%
2.74%
10.20%
N/A
N/A
BBHY
-0.10%
-1.58%
-0.10%
7.84%
5.40%
N/A
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APRD vs. BBHY - Expense Ratio Comparison
APRD has a 0.79% expense ratio, which is higher than BBHY's 0.15% expense ratio.
Risk-Adjusted Performance
APRD vs. BBHY — Risk-Adjusted Performance Rank
APRD
BBHY
APRD vs. BBHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 10 Barrier ETF - April (APRD) and JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY). 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.
Dividends
APRD vs. BBHY - Dividend Comparison
APRD's dividend yield for the trailing twelve months is around 7.70%, which matches BBHY's 7.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
APRD Innovator Premium Income 10 Barrier ETF - April | 7.70% | 8.05% | 6.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BBHY JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | 7.75% | 7.18% | 6.49% | 5.92% | 4.06% | 4.73% | 4.99% | 5.02% | 4.81% | 1.42% |
Drawdowns
APRD vs. BBHY - Drawdown Comparison
The maximum APRD drawdown since its inception was -3.23%, smaller than the maximum BBHY drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for APRD and BBHY. For additional features, visit the drawdowns tool.
Volatility
APRD vs. BBHY - Volatility Comparison
The current volatility for Innovator Premium Income 10 Barrier ETF - April (APRD) is 0.11%, while JPMorgan BetaBuilders USD High Yield Corporate Bond ETF (BBHY) has a volatility of 4.40%. This indicates that APRD experiences smaller price fluctuations and is considered to be less risky than BBHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.