APRQ vs. BAPR

Last updated Jun 3, 2026

APRQ (Innovator Premium Income 40 Barrier ETF - April) and BAPR (Innovator U.S. Equity Buffer ETF - April) are both exchange-traded funds - APRQ is a Options Trading fund actively managed by Innovator, while BAPR is a Defined Outcome fund tracking the Cboe S&P 500 Buffer Protect Index April. APRQ is actively managed, while BAPR is passively managed. Both charge a 0.79% expense ratio.

Performance

APRQ vs. BAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - April (APRQ) and Innovator U.S. Equity Buffer ETF - April (BAPR). 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*: —

BAPR

• 1D: 0.05%
• 1M: 2.18%
• YTD: 11.07%
• 6M: 12.12%
• 1Y: 20.78%
• 3Y*: 15.40%
• 5Y*: 11.35%
• 10Y*: —

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

APRQ vs. BAPR - Yearly Performance Comparison

	2026 (YTD)
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%
BAPR Innovator U.S. Equity Buffer ETF - April	10.19%

APRQ vs. BAPR - Sectors Allocation Comparison

Sectors	APRQ	BAPR
Technology	32.0%	36.2%
Financial Services	13.7%	11.9%
Consumer Cyclical	11.6%	10.1%
Healthcare	10.5%	8.4%
Communication Services	9.9%	10.9%
Industrials	7.4%	8.1%
Consumer Defensive	5.5%	4.9%
Energy	3.2%	3.5%
Utilities	2.5%	2.3%
Real Estate	2.1%	1.9%
Basic Materials	1.7%	1.8%

Return for Risk

APRQ vs. BAPR — Risk / Return Rank

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

BAPR

BAPR Risk / Return Rank: 97
BAPR Sharpe Ratio Rank: 94
BAPR Sortino Ratio Rank: 97
BAPR Omega Ratio Rank: 97
BAPR Calmar Ratio Rank: 97
BAPR 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. BAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - April (APRQ) and Innovator U.S. Equity Buffer ETF - April (BAPR). 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	BAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.71	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.84	—

Drawdowns

APRQ vs. BAPR - Drawdown Comparison

The maximum APRQ drawdown since its inception was 0.00%, smaller than the maximum BAPR drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for APRQ and BAPR.

Drawdown Indicators

	APRQ	BAPR	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-23.91%	+23.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.58%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-2.60%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	APRQ	BAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	5.63%	-5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.49%	-11.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	13.12%	-13.12%

APRQ vs. BAPR - Expense Ratio Comparison

Both APRQ and BAPR have an expense ratio of 0.79%.

Dividends

APRQ vs. BAPR - Dividend Comparison

Neither APRQ nor BAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, APRQ or BAPR?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APRQ or BAPR?

APRQ and BAPR have the same expense ratio: 0.79% per year.

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

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

What is the main difference between APRQ and BAPR?

APRQ is categorized as Options Trading, while BAPR is Defined Outcome.