APRQ vs. APRP

Last updated Jun 3, 2026

APRQ (Innovator Premium Income 40 Barrier ETF - April) and APRP (PGIM US Large-Cap Buffer 12 ETF - April) are both Options Trading funds. Both are actively managed. APRQ charges 0.79%/yr vs 0.50%/yr for APRP.

Performance

APRQ vs. APRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - April (APRQ) and PGIM US Large-Cap Buffer 12 ETF - April (APRP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

APRQ

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

APRP

• 1D: 0.03%
• 1M: 1.84%
• YTD: 9.54%
• 6M: 10.64%
• 1Y: 18.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRQ vs. APRP - Yearly Performance Comparison

	2026 (YTD)
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%
APRP PGIM US Large-Cap Buffer 12 ETF - April	8.80%

Return for Risk

APRQ vs. APRP — Risk / Return Rank

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

APRP

APRP Risk / Return Rank: 98
APRP Sharpe Ratio Rank: 96
APRP Sortino Ratio Rank: 98
APRP Omega Ratio Rank: 98
APRP Calmar Ratio Rank: 98
APRP 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.

APRQ vs. APRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - April (APRQ) and PGIM US Large-Cap Buffer 12 ETF - April (APRP). 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

	APRQ	APRP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.37	—

Drawdowns

APRQ vs. APRP - Drawdown Comparison

The maximum APRQ drawdown since its inception was 0.00%, smaller than the maximum APRP drawdown of -13.66%. Use the drawdown chart below to compare losses from any high point for APRQ and APRP.

Drawdown Indicators

	APRQ	APRP	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-13.66%	+13.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.09%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-1.23%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.24%	—

Volatility

Volatility by Period

	APRQ	APRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	4.33%	-4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	9.50%	-9.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	9.50%	-9.50%

APRQ vs. APRP - Expense Ratio Comparison

APRQ has a 0.79% expense ratio, which is higher than APRP's 0.50% expense ratio.

Dividends

APRQ vs. APRP - Dividend Comparison

Neither APRQ nor APRP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, APRQ or APRP?

On fees, APRP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APRQ or APRP?

APRP is cheaper with a 0.50% expense ratio, compared with 0.79% for APRQ.

Which ETF pays a higher dividend yield, APRQ or APRP?

APRQ and APRP have nearly identical dividend yields, around 0.00%.

What is the main difference between APRQ and APRP?

They also come from different issuers: Innovator and PGIM. Their fees differ too: 0.79% for APRQ and 0.50% for APRP.