APRD vs. SHDG

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Premium Income 10 Barrier ETF - April (APRD) and Soundwatch Hedged Equity ETF (SHDG).

APRD and SHDG 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. SHDG is an actively managed fund by SoundWatch Capital. It was launched on Nov 30, 2016.

Performance

APRD vs. SHDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 10 Barrier ETF - April (APRD) and Soundwatch Hedged Equity ETF (SHDG). The values are adjusted to include any dividend payments, if applicable.

APRD vs. SHDG - Yearly Performance Comparison

	2026 (YTD)
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%
SHDG Soundwatch Hedged Equity ETF	-6.09%

Returns By Period

APRD

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

SHDG

• 1D: 0.19%
• 1M: -5.49%
• YTD: -4.91%
• 6M: -2.56%
• 1Y: 10.92%
• 3Y*: 11.83%
• 5Y*: —
• 10Y*: —

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

APRD vs. SHDG - Expense Ratio Comparison

APRD has a 0.79% expense ratio, which is higher than SHDG's 0.53% expense ratio.

APRD

Innovator Premium Income 10 Barrier ETF - April

SHDG

Soundwatch Hedged Equity ETF

Return for Risk

APRD vs. SHDG — Risk / Return Rank

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

SHDG

SHDG Risk / Return Rank: 50
SHDG Sharpe Ratio Rank: 46
SHDG Sortino Ratio Rank: 47
SHDG Omega Ratio Rank: 53
SHDG Calmar Ratio Rank: 45
SHDG Martin Ratio Rank: 58

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.

APRD vs. SHDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 10 Barrier ETF - April (APRD) and Soundwatch Hedged Equity ETF (SHDG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	APRD	SHDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.19	—

Dividends

APRD vs. SHDG - Dividend Comparison

APRD has not paid dividends to shareholders, while SHDG's dividend yield for the trailing twelve months is around 0.52%.

	TTM	2025	2024	2023	2022
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%	0.00%	0.00%	0.00%	0.00%
SHDG Soundwatch Hedged Equity ETF	0.52%	0.49%	0.62%	1.24%	0.90%

Drawdowns

APRD vs. SHDG - Drawdown Comparison

The maximum APRD drawdown since its inception was 0.00%, smaller than the maximum SHDG drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for APRD and SHDG.

Drawdown Indicators

	APRD	SHDG	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-15.82%	+15.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.00%	—
Current Drawdown Current decline from peak	0.00%	-6.45%	+6.45%
Average Drawdown Average peak-to-trough decline	0.00%	-1.71%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.87%	—

Volatility

Volatility by Period

	APRD	SHDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	12.99%	-12.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.22%	-11.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	11.22%	-11.22%