APRJ vs. BAMU

Last updated Jun 4, 2026

APRJ (Innovator Premium Income 30 Barrier ETF - April) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - APRJ is a Options Trading fund actively managed by Innovator, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. Both are actively managed. Over the past year, APRJ returned 6.91% vs 2.93% for BAMU. At a correlation of -0.04, they often move in opposite directions. APRJ charges 0.79%/yr vs 1.09%/yr for BAMU.

Performance

APRJ vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 30 Barrier ETF - April (APRJ) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRJ achieves a 3.18% return, which is significantly higher than BAMU's 1.06% return.

APRJ

• 1D: -0.10%
• 1M: 0.70%
• YTD: 3.18%
• 6M: 3.64%
• 1Y: 6.91%
• 3Y*: 6.35%
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.20%
• YTD: 1.06%
• 6M: 1.25%
• 1Y: 2.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRJ vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
APRJ Innovator Premium Income 30 Barrier ETF - April	3.18%	5.71%	6.24%	1.81%
BAMU Brookstone Ultra-Short Bond ETF	1.06%	3.21%	4.14%	1.20%

Correlation

The correlation between APRJ and BAMU is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	-0.04

The correlation between APRJ and BAMU shifts across timeframes, from -0.16 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.

APRJ vs. BAMU - Sectors Allocation Comparison

Sectors	APRJ	BAMU
Technology	33.6%	-
Financial Services	12.4%	98.8%
Communication Services	10.5%	-
Consumer Cyclical	10.0%	-
Healthcare	9.5%	-
Industrials	8.5%	-
Consumer Defensive	5.3%	-
Energy	4.0%	-
Utilities	2.5%	-
Real Estate	2.0%	-
Basic Materials	1.9%	-

Return for Risk

APRJ vs. BAMU — Risk / Return Rank

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

APRJ

APRJ Risk / Return Rank: 98
APRJ Sharpe Ratio Rank: 97
APRJ Sortino Ratio Rank: 99
APRJ Omega Ratio Rank: 98
APRJ Calmar Ratio Rank: 99
APRJ Martin Ratio Rank: 99

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 97
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

APRJ vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 30 Barrier ETF - April (APRJ) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	APRJ	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	4.63	4.98	-0.35
Sortino ratio: Return per unit of downside risk	9.47	8.77	+0.70
Omega ratio: Gain probability vs. loss probability	2.20	2.41	-0.21
Calmar ratio: Return relative to maximum drawdown	34.55	24.89	+9.66
Martin ratio: Return relative to average drawdown	103.47	97.89	+5.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APRJ vs. BAMU - Sharpe Ratio Comparison

The current APRJ Sharpe Ratio is 4.63, which is comparable to the BAMU Sharpe Ratio of 4.98. The chart below compares the historical Sharpe Ratios of APRJ and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APRJ	BAMU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.63	4.98	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	4.14	-2.34

Drawdowns

APRJ vs. BAMU - Drawdown Comparison

The maximum APRJ drawdown since its inception was -4.68%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for APRJ and BAMU.

Drawdown Indicators

	APRJ	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-0.36%	-4.32%
Max Drawdown (1Y) Largest decline over 1 year	-0.20%	-0.12%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-4.68%	—	—
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-0.12%	-0.02%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.03%	+0.04%

Volatility

APRJ vs. BAMU - Volatility Comparison

Innovator Premium Income 30 Barrier ETF - April (APRJ) has a higher volatility of 0.47% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.07%. This indicates that APRJ's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APRJ	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	0.07%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	0.43%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	1.50%	0.59%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.63%	0.87%	+2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.63%	0.87%	+2.76%

APRJ vs. BAMU - Expense Ratio Comparison

APRJ has a 0.79% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

APRJ vs. BAMU - Dividend Comparison

APRJ's dividend yield for the trailing twelve months is around 5.27%, more than BAMU's 3.06% yield.

Position	TTM	2025	2024	2023
APRJ Innovator Premium Income 30 Barrier ETF - April	5.27%	5.46%	5.88%	4.88%
BAMU Brookstone Ultra-Short Bond ETF	3.06%	3.20%	3.97%	0.84%

Frequently Asked Questions

Can I hold both APRJ and BAMU in my portfolio?

APRJ and BAMU have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APRJ or BAMU?

APRJ has higher volatility (0.47%) compared to BAMU (0.07%). In terms of maximum drawdown, APRJ dropped -4.68% vs BAMU's -0.36%.

Which ETF is better, APRJ or BAMU?

On 1-year performance, APRJ leads with 6.91% vs 2.93% for BAMU. On fees, APRJ is cheaper at 0.79% per year. On volatility, BAMU has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APRJ or BAMU?

Over the 1-year period, APRJ has performed better with a 6.91% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APRJ or BAMU?

APRJ is cheaper with a 0.79% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, APRJ or BAMU?

APRJ has the higher dividend yield at 5.27%, compared with 3.06% for BAMU.

What is the main difference between APRJ and BAMU?

APRJ is categorized as Options Trading, while BAMU is Ultrashort Bond. They also come from different issuers: Innovator and Brookstone. Their fees differ too: 0.79% for APRJ and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (4.98 vs 4.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.