APRQ vs. MSFO

Last updated Jun 3, 2026

APRQ (Innovator Premium Income 40 Barrier ETF - April) and MSFO (YieldMax MSFT Option Income Strategy ETF ) are both Options Trading funds. Both are actively managed. APRQ charges 0.79%/yr vs 0.99%/yr for MSFO.

Performance

APRQ vs. MSFO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - April (APRQ) and YieldMax MSFT Option Income Strategy ETF (MSFO). 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*: —

MSFO

• 1D: -3.34%
• 1M: 4.46%
• YTD: -6.57%
• 6M: -7.03%
• 1Y: -1.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRQ vs. MSFO - Yearly Performance Comparison

	2026 (YTD)
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%
MSFO YieldMax MSFT Option Income Strategy ETF	10.43%

Return for Risk

APRQ vs. MSFO — Risk / Return Rank

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

MSFO

MSFO Risk / Return Rank: 8
MSFO Sharpe Ratio Rank: 8
MSFO Sortino Ratio Rank: 8
MSFO Omega Ratio Rank: 8
MSFO Calmar Ratio Rank: 8
MSFO Martin Ratio Rank: 8

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. MSFO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - April (APRQ) and YieldMax MSFT Option Income Strategy ETF (MSFO). 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	MSFO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.68	—

Drawdowns

APRQ vs. MSFO - Drawdown Comparison

The maximum APRQ drawdown since its inception was 0.00%, smaller than the maximum MSFO drawdown of -29.29%. Use the drawdown chart below to compare losses from any high point for APRQ and MSFO.

Drawdown Indicators

	APRQ	MSFO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-29.29%	+29.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.29%	—
Current Drawdown Current decline from peak	0.00%	-14.39%	+14.39%
Average Drawdown Average peak-to-trough decline	0.00%	-6.55%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.12%	—

Volatility

Volatility by Period

	APRQ	MSFO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	21.33%	-21.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	19.72%	-19.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	19.72%	-19.72%

APRQ vs. MSFO - Expense Ratio Comparison

APRQ has a 0.79% expense ratio, which is lower than MSFO's 0.99% expense ratio.

Dividends

APRQ vs. MSFO - Dividend Comparison

APRQ has not paid dividends to shareholders, while MSFO's dividend yield for the trailing twelve months is around 37.58%.

Position	TTM	2025	2024	2023
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%	0.00%	0.00%	0.00%
MSFO YieldMax MSFT Option Income Strategy ETF	37.58%	33.91%	35.15%	6.44%

Frequently Asked Questions

Which ETF is better, APRQ or MSFO?

On fees, APRQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APRQ or MSFO?

APRQ is cheaper with a 0.79% expense ratio, compared with 0.99% for MSFO.

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

MSFO has the higher dividend yield at 37.58%, compared with 0.00% for APRQ.

What is the main difference between APRQ and MSFO?

They also come from different issuers: Innovator and YieldMax. Their fees differ too: 0.79% for APRQ and 0.99% for MSFO.