APRQ vs. QQQY

Last updated Jun 3, 2026

APRQ (Innovator Premium Income 40 Barrier ETF - April) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - APRQ is a Options Trading fund actively managed by Innovator, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. APRQ charges 0.79%/yr vs 0.99%/yr for QQQY.

Performance

APRQ vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - April (APRQ) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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*: —

QQQY

• 1D: 0.44%
• 1M: 9.90%
• YTD: 19.50%
• 6M: 19.98%
• 1Y: 37.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRQ vs. QQQY - Yearly Performance Comparison

	2026 (YTD)
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	20.91%

Return for Risk

APRQ vs. QQQY — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 78
QQQY Sharpe Ratio Rank: 84
QQQY Sortino Ratio Rank: 77
QQQY Omega Ratio Rank: 83
QQQY Calmar Ratio Rank: 69
QQQY Martin Ratio Rank: 76

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. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - April (APRQ) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.26	—

Drawdowns

APRQ vs. QQQY - Drawdown Comparison

The maximum APRQ drawdown since its inception was 0.00%, smaller than the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for APRQ and QQQY.

Drawdown Indicators

	APRQ	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-19.05%	+19.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.14%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-2.91%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.61%	—

Volatility

Volatility by Period

	APRQ	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	13.68%	-13.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	14.76%	-14.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	14.76%	-14.76%

APRQ vs. QQQY - Expense Ratio Comparison

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

Dividends

APRQ vs. QQQY - Dividend Comparison

APRQ has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 34.21%.

Position	TTM	2025	2024	2023
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%	0.00%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	34.21%	45.34%	83.34%	20.64%

Frequently Asked Questions

Which ETF is better, APRQ or QQQY?

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 QQQY?

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

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

QQQY has the higher dividend yield at 34.21%, compared with 0.00% for APRQ.

What is the main difference between APRQ and QQQY?

APRQ is categorized as Options Trading, while QQQY is Nasdaq-100. They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.79% for APRQ and 0.99% for QQQY.