APRQ vs. MSTQ

Last updated Jun 3, 2026

APRQ (Innovator Premium Income 40 Barrier ETF - April) and MSTQ (LHA Market State Tactical Q ETF) are both Options Trading funds. Both are actively managed. APRQ charges 0.79%/yr vs 1.59%/yr for MSTQ.

Performance

APRQ vs. MSTQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - April (APRQ) and LHA Market State Tactical Q ETF (MSTQ). 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*: —

MSTQ

• 1D: 0.46%
• 1M: 8.99%
• YTD: 17.64%
• 6M: 16.18%
• 1Y: 33.28%
• 3Y*: 24.19%
• 5Y*: —
• 10Y*: —

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

APRQ vs. MSTQ - Yearly Performance Comparison

	2026 (YTD)
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%
MSTQ LHA Market State Tactical Q ETF	19.05%

APRQ vs. MSTQ - Sectors Allocation Comparison

Sectors	APRQ	MSTQ
Technology	32.0%	54.0%
Financial Services	13.7%	0.2%
Consumer Cyclical	11.6%	12.2%
Healthcare	10.5%	4.2%
Communication Services	9.9%	15.6%
Industrials	7.4%	2.9%
Consumer Defensive	5.5%	7.6%
Energy	3.2%	0.6%
Utilities	2.5%	1.4%
Real Estate	2.1%	0.1%
Basic Materials	1.7%	1.1%

Return for Risk

APRQ vs. MSTQ — Risk / Return Rank

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

MSTQ

MSTQ Risk / Return Rank: 61
MSTQ Sharpe Ratio Rank: 70
MSTQ Sortino Ratio Rank: 66
MSTQ Omega Ratio Rank: 65
MSTQ Calmar Ratio Rank: 54
MSTQ Martin Ratio Rank: 50

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. MSTQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - April (APRQ) and LHA Market State Tactical Q ETF (MSTQ). 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	MSTQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.88	—

Drawdowns

APRQ vs. MSTQ - Drawdown Comparison

The maximum APRQ drawdown since its inception was 0.00%, smaller than the maximum MSTQ drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for APRQ and MSTQ.

Drawdown Indicators

	APRQ	MSTQ	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-31.05%	+31.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.22%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-8.63%	+8.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.97%	—

Volatility

Volatility by Period

	APRQ	MSTQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	14.35%	-14.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	18.86%	-18.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	18.86%	-18.86%

APRQ vs. MSTQ - Expense Ratio Comparison

APRQ has a 0.79% expense ratio, which is lower than MSTQ's 1.59% expense ratio.

Dividends

APRQ vs. MSTQ - Dividend Comparison

APRQ has not paid dividends to shareholders, while MSTQ's dividend yield for the trailing twelve months is around 11.87%.

Position	TTM	2025	2024	2023
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%	0.00%	0.00%	0.00%
MSTQ LHA Market State Tactical Q ETF	11.87%	13.97%	3.72%	0.77%

Frequently Asked Questions

Which ETF is better, APRQ or MSTQ?

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 MSTQ?

APRQ is cheaper with a 0.79% expense ratio, compared with 1.59% for MSTQ.

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

MSTQ has the higher dividend yield at 11.87%, compared with 0.00% for APRQ.

What is the main difference between APRQ and MSTQ?

They also come from different issuers: Innovator and Little Harbor Advisors. Their fees differ too: 0.79% for APRQ and 1.59% for MSTQ.