APRD vs. LQDH
Compare and contrast key facts about Innovator Premium Income 10 Barrier ETF - April (APRD) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH).
APRD and LQDH 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. LQDH is an actively managed fund by iShares. It was launched on May 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: APRD or LQDH.
Correlation
The correlation between APRD and LQDH is 0.39, 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
APRD vs. LQDH - Performance Comparison
Key characteristics
APRD:
1.97
LQDH:
2.57
APRD:
2.66
LQDH:
3.78
APRD:
1.52
LQDH:
1.52
APRD:
2.35
LQDH:
3.93
APRD:
15.45
LQDH:
19.61
APRD:
0.49%
LQDH:
0.36%
APRD:
3.86%
LQDH:
2.78%
APRD:
-3.23%
LQDH:
-24.63%
APRD:
-0.53%
LQDH:
-0.64%
Returns By Period
In the year-to-date period, APRD achieves a 7.36% return, which is significantly higher than LQDH's 6.99% return.
APRD
7.36%
0.04%
3.64%
7.70%
N/A
N/A
LQDH
6.99%
0.26%
3.59%
7.40%
3.97%
3.61%
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APRD vs. LQDH - Expense Ratio Comparison
APRD has a 0.79% expense ratio, which is higher than LQDH's 0.25% expense ratio.
Risk-Adjusted Performance
APRD vs. LQDH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 10 Barrier ETF - April (APRD) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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. LQDH - Dividend Comparison
APRD's dividend yield for the trailing twelve months is around 8.34%, more than LQDH's 7.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
APRD Innovator Premium Income 10 Barrier ETF - April | 8.34% | 6.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 7.77% | 7.69% | 3.73% | 1.64% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% | 2.19% |
Drawdowns
APRD vs. LQDH - Drawdown Comparison
The maximum APRD drawdown since its inception was -3.23%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for APRD and LQDH. For additional features, visit the drawdowns tool.
Volatility
APRD vs. LQDH - Volatility Comparison
The current volatility for Innovator Premium Income 10 Barrier ETF - April (APRD) is 0.57%, while iShares Interest Rate Hedged Corporate Bond ETF (LQDH) has a volatility of 0.66%. This indicates that APRD experiences smaller price fluctuations and is considered to be less risky than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.