APRJ vs. BENJ

Last updated Jun 24, 2026

APRJ (Innovator Premium Income 30 Barrier ETF - April) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - APRJ is a Options Trading fund actively managed by Innovator, while BENJ is a Ultrashort Bond fund actively managed by Horizon. Both are actively managed. Over the past year, APRJ returned 6.61% vs 3.79% for BENJ. At a correlation of -0.03, they often move in opposite directions. APRJ charges 0.79%/yr vs 0.40%/yr for BENJ.

Performance

APRJ vs. BENJ - Performance Comparison

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

Returns By Period

In the year-to-date period, APRJ achieves a 3.20% return, which is significantly higher than BENJ's 1.64% return.

APRJ

• 1D: -0.12%
• 1M: 0.14%
• YTD: 3.20%
• 6M: 3.43%
• 1Y: 6.61%
• 3Y*: 6.17%
• 5Y*: —
• 10Y*: —

BENJ

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.64%
• 6M: 1.75%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRJ vs. BENJ - Yearly Performance Comparison

	2026 (YTD)	2025
APRJ Innovator Premium Income 30 Barrier ETF - April	3.20%	5.30%
BENJ Horizon Landmark ETF	1.64%	3.72%

Correlation

The correlation between APRJ and BENJ is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	-0.03

Return for Risk

APRJ vs. BENJ — 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: 98
APRJ Omega Ratio Rank: 98
APRJ Calmar Ratio Rank: 99
APRJ Martin Ratio Rank: 99

BENJ

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

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. BENJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 30 Barrier ETF - April (APRJ) and Horizon Landmark ETF (BENJ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APRJ	BENJ	Difference
Sharpe ratio: Return per unit of total volatility	4.29	5.65	-1.36
Sortino ratio: Return per unit of downside risk	8.04	9.14	-1.10
Omega ratio: Gain probability vs. loss probability	2.10	4.85	-2.76
Calmar ratio: Return relative to maximum drawdown	16.68	9.74	+6.94
Martin ratio: Return relative to average drawdown	83.93	45.97	+37.96

APRJ vs. BENJ - Sharpe Ratio Comparison

The current APRJ Sharpe Ratio is 4.29, which is comparable to the BENJ Sharpe Ratio of 5.65. The chart below compares the historical Sharpe Ratios of APRJ and BENJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APRJ vs. BENJ - Drawdown Comparison

The maximum APRJ drawdown since its inception was -4.68%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for APRJ and BENJ.

Drawdown Indicators

	APRJ	BENJ	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-0.39%	-4.29%
Max Drawdown (1Y) Largest decline over 1 year	-0.40%	-0.39%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-4.68%	—	—
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-0.12%	-0.02%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	0.08%	0.00%

Volatility

APRJ vs. BENJ - Volatility Comparison

Innovator Premium Income 30 Barrier ETF - April (APRJ) has a higher volatility of 0.71% compared to Horizon Landmark ETF (BENJ) at 0.11%. This indicates that APRJ's price experiences larger fluctuations and is considered to be riskier than BENJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APRJ	BENJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	0.11%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	1.28%	0.25%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	1.56%	0.67%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.62%	0.60%	+3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.62%	0.60%	+3.02%

APRJ vs. BENJ - Expense Ratio Comparison

APRJ has a 0.79% expense ratio, which is higher than BENJ's 0.40% expense ratio.

Dividends

APRJ vs. BENJ - Dividend Comparison

APRJ's dividend yield for the trailing twelve months is around 5.27%, while BENJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
APRJ Innovator Premium Income 30 Barrier ETF - April	5.27%	5.46%	5.88%	4.88%
BENJ Horizon Landmark ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APRJ and BENJ in my portfolio?

APRJ and BENJ have a correlation of -0.09, 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 BENJ?

APRJ has higher volatility (0.71%) compared to BENJ (0.11%). In terms of maximum drawdown, APRJ dropped -4.68% vs BENJ's -0.39%.

Which ETF is better, APRJ or BENJ?

On 1-year performance, APRJ leads with 6.61% vs 3.79% for BENJ. On fees, BENJ is cheaper at 0.40% per year. On volatility, BENJ has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APRJ or BENJ?

Over the 1-year period, APRJ has performed better with a 6.61% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APRJ or BENJ?

BENJ is cheaper with a 0.40% expense ratio, compared with 0.79% for APRJ.

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

APRJ has the higher dividend yield at 5.27%, compared with 0.00% for BENJ.

What is the main difference between APRJ and BENJ?

APRJ is categorized as Options Trading, while BENJ is Ultrashort Bond. They also come from different issuers: Innovator and Horizon. Their fees differ too: 0.79% for APRJ and 0.40% for BENJ.

Which has better risk-adjusted returns?

BENJ currently has the higher Sharpe Ratio (5.65 vs 4.29), 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.