APRJ vs. USSH

Last updated Jun 4, 2026

APRJ (Innovator Premium Income 30 Barrier ETF - April) and USSH (WisdomTree 1-3 Year Laddered Treasury Fund) are both exchange-traded funds - APRJ is a Options Trading fund actively managed by Innovator, while USSH is a Government Bonds fund tracking the Bloomberg US Treasury 1-3 Year Laddered Index. APRJ is actively managed, while USSH is passively managed. Over the past year, APRJ returned 6.91% vs 3.27% for USSH. At a correlation of -0.04, they often move in opposite directions. APRJ charges 0.79%/yr vs 0.15%/yr for USSH.

Performance

APRJ vs. USSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 30 Barrier ETF - April (APRJ) and WisdomTree 1-3 Year Laddered Treasury Fund (USSH). 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 USSH's 0.39% return.

APRJ

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

USSH

• 1D: -0.06%
• 1M: 0.06%
• YTD: 0.39%
• 6M: 0.66%
• 1Y: 3.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRJ vs. USSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
APRJ Innovator Premium Income 30 Barrier ETF - April	3.18%	5.71%	4.91%
USSH WisdomTree 1-3 Year Laddered Treasury Fund	0.39%	5.00%	3.87%

Correlation

The correlation between APRJ and USSH is -0.01, 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	-0.01
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	-0.04

Return for Risk

APRJ vs. USSH — 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

USSH

USSH Risk / Return Rank: 82
USSH Sharpe Ratio Rank: 79
USSH Sortino Ratio Rank: 91
USSH Omega Ratio Rank: 86
USSH Calmar Ratio Rank: 75
USSH Martin Ratio Rank: 78

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. USSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 30 Barrier ETF - April (APRJ) and WisdomTree 1-3 Year Laddered Treasury Fund (USSH). 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	USSH	Difference
Sharpe ratio: Return per unit of total volatility	4.63	2.54	+2.08
Sortino ratio: Return per unit of downside risk	9.47	4.29	+5.18
Omega ratio: Gain probability vs. loss probability	2.20	1.52	+0.67
Calmar ratio: Return relative to maximum drawdown	34.55	3.76	+30.80
Martin ratio: Return relative to average drawdown	103.47	14.91	+88.56
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. USSH - Sharpe Ratio Comparison

The current APRJ Sharpe Ratio is 4.63, which is higher than the USSH Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of APRJ and USSH, 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	USSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.63	2.54	+2.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	2.74	-0.94

Drawdowns

APRJ vs. USSH - Drawdown Comparison

The maximum APRJ drawdown since its inception was -4.68%, which is greater than USSH's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for APRJ and USSH.

Drawdown Indicators

	APRJ	USSH	Difference
Max Drawdown Largest peak-to-trough decline	-4.68%	-1.01%	-3.67%
Max Drawdown (1Y) Largest decline over 1 year	-0.20%	-0.87%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-4.68%	—	—
Current Drawdown Current decline from peak	-0.12%	-0.33%	+0.21%
Average Drawdown Average peak-to-trough decline	-0.12%	-0.20%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.22%	-0.15%

Volatility

APRJ vs. USSH - Volatility Comparison

Innovator Premium Income 30 Barrier ETF - April (APRJ) has a higher volatility of 0.47% compared to WisdomTree 1-3 Year Laddered Treasury Fund (USSH) at 0.36%. This indicates that APRJ's price experiences larger fluctuations and is considered to be riskier than USSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APRJ	USSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	0.36%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	0.88%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	1.50%	1.29%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.63%	1.53%	+2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.63%	1.53%	+2.10%

APRJ vs. USSH - Expense Ratio Comparison

APRJ has a 0.79% expense ratio, which is higher than USSH's 0.15% expense ratio.

Dividends

APRJ vs. USSH - Dividend Comparison

APRJ's dividend yield for the trailing twelve months is around 5.27%, more than USSH's 3.64% yield.

Position	TTM	2025	2024	2023
APRJ Innovator Premium Income 30 Barrier ETF - April	5.27%	5.46%	5.88%	4.88%
USSH WisdomTree 1-3 Year Laddered Treasury Fund	3.64%	3.67%	3.22%	0.00%

Frequently Asked Questions

Can I hold both APRJ and USSH in my portfolio?

APRJ and USSH have a correlation of -0.01, 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 USSH?

APRJ has higher volatility (0.47%) compared to USSH (0.36%). In terms of maximum drawdown, APRJ dropped -4.68% vs USSH's -1.01%.

Which ETF is better, APRJ or USSH?

On 1-year performance, APRJ leads with 6.91% vs 3.27% for USSH. On fees, USSH is cheaper at 0.15% per year. On volatility, USSH has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APRJ or USSH?

Over the 1-year period, APRJ has performed better with a 6.91% return vs 3.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APRJ or USSH?

USSH is cheaper with a 0.15% expense ratio, compared with 0.79% for APRJ.

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

APRJ has the higher dividend yield at 5.27%, compared with 3.64% for USSH.

What is the main difference between APRJ and USSH?

APRJ is categorized as Options Trading, while USSH is Government Bonds. They also come from different issuers: Innovator and WisdomTree. Their fees differ too: 0.79% for APRJ and 0.15% for USSH.

Which has better risk-adjusted returns?

APRJ currently has the higher Sharpe Ratio (4.63 vs 2.54), 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.