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.
Key characteristics
| APRD | LQDH | |
|---|---|---|
| YTD Return | 5.34% | 4.26% |
| 1Y Return | 7.88% | 7.96% |
| Sharpe Ratio | 1.96 | 2.69 |
| Daily Std Dev | 4.06% | 3.06% |
| Max Drawdown | -3.23% | -24.63% |
| Current Drawdown | -0.06% | 0.00% |
Correlation
The correlation between APRD and LQDH is 0.42, 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. LQDH - Performance Comparison
In the year-to-date period, APRD achieves a 5.34% return, which is significantly higher than LQDH's 4.26% return. 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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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 8.72%, more than LQDH's 8.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
APRD Innovator Premium Income 10 Barrier ETF - April | 8.72% | 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 | 8.55% | 7.69% | 3.73% | 1.65% | 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
Innovator Premium Income 10 Barrier ETF - April (APRD) has a higher volatility of 1.23% compared to iShares Interest Rate Hedged Corporate Bond ETF (LQDH) at 1.01%. This indicates that APRD's price experiences larger fluctuations and is considered to be riskier than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.