APRT vs. IVVM

Last updated Jun 25, 2026

APRT (AllianzIM U.S. Large Cap Buffer10 Apr ETF) and IVVM (iShares Large Cap Moderate Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, APRT returned 16.82% vs 14.30% for IVVM. Their correlation of 0.91 suggests significant overlap in exposure. APRT charges 0.74%/yr vs 0.50%/yr for IVVM.

Performance

APRT vs. IVVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) and iShares Large Cap Moderate Buffer ETF (IVVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRT achieves a 9.22% return, which is significantly higher than IVVM's 5.40% return.

APRT

• 1D: -0.04%
• 1M: -0.12%
• YTD: 9.22%
• 6M: 9.26%
• 1Y: 16.82%
• 3Y*: 13.68%
• 5Y*: 10.31%
• 10Y*: —

IVVM

• 1D: 0.05%
• 1M: -0.19%
• YTD: 5.40%
• 6M: 4.47%
• 1Y: 14.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APRT vs. IVVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	9.22%	7.99%	15.15%	7.47%
IVVM iShares Large Cap Moderate Buffer ETF	5.40%	14.24%	16.08%	5.17%

Correlation

The correlation between APRT and IVVM is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.91

The correlation between APRT and IVVM has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

APRT vs. IVVM — Risk / Return Rank

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

APRT

APRT Risk / Return Rank: 97
APRT Sharpe Ratio Rank: 95
APRT Sortino Ratio Rank: 97
APRT Omega Ratio Rank: 97
APRT Calmar Ratio Rank: 98
APRT Martin Ratio Rank: 98

IVVM

IVVM Risk / Return Rank: 71
IVVM Sharpe Ratio Rank: 70
IVVM Sortino Ratio Rank: 71
IVVM Omega Ratio Rank: 77
IVVM Calmar Ratio Rank: 61
IVVM Martin Ratio Rank: 78

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.

APRT vs. IVVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) and iShares Large Cap Moderate Buffer ETF (IVVM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	APRT	IVVM	Difference
Sharpe ratio: Return per unit of total volatility	3.32	2.00	+1.32
Sortino ratio: Return per unit of downside risk	5.64	2.86	+2.78
Omega ratio: Gain probability vs. loss probability	1.81	1.40	+0.41
Calmar ratio: Return relative to maximum drawdown	10.62	2.71	+7.91
Martin ratio: Return relative to average drawdown	50.57	13.31	+37.26

APRT vs. IVVM - Sharpe Ratio Comparison

The current APRT Sharpe Ratio is 3.32, which is higher than the IVVM Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of APRT and IVVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

APRT vs. IVVM - Drawdown Comparison

The maximum APRT drawdown since its inception was -14.98%, which is greater than IVVM's maximum drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for APRT and IVVM.

Drawdown Indicators

	APRT	IVVM	Difference
Max Drawdown Largest peak-to-trough decline	-14.98%	-11.62%	-3.36%
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	-5.31%	+3.72%
Max Drawdown (3Y) Largest decline over 3 years	-14.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.98%	—	—
Current Drawdown Current decline from peak	-0.81%	-0.73%	-0.08%
Average Drawdown Average peak-to-trough decline	-2.04%	-0.91%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	1.08%	-0.75%

Volatility

APRT vs. IVVM - Volatility Comparison

AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) and iShares Large Cap Moderate Buffer ETF (IVVM) have volatilities of 1.81% and 1.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APRT	IVVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	1.88%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	4.32%	5.73%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	5.12%	7.19%	-2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.80%	9.58%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.27%	9.58%	+0.69%

APRT vs. IVVM - Expense Ratio Comparison

APRT has a 0.74% expense ratio, which is higher than IVVM's 0.50% expense ratio.

Dividends

APRT vs. IVVM - Dividend Comparison

APRT has not paid dividends to shareholders, while IVVM's dividend yield for the trailing twelve months is around 0.65%.

Position	TTM	2025	2024	2023	2022	2021	2020
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.67%
IVVM iShares Large Cap Moderate Buffer ETF	0.65%	0.68%	0.62%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APRT and IVVM in my portfolio?

APRT and IVVM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APRT or IVVM?

IVVM has higher volatility (1.88%) compared to APRT (1.81%). In terms of maximum drawdown, APRT dropped -14.98% vs IVVM's -11.62%.

Which ETF is better, APRT or IVVM?

On 1-year performance, APRT leads with 16.82% vs 14.30% for IVVM. On fees, IVVM is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APRT or IVVM?

Over the 1-year period, APRT has performed better with a 16.82% return vs 14.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APRT or IVVM?

IVVM is cheaper with a 0.50% expense ratio, compared with 0.74% for APRT.

Which ETF pays a higher dividend yield, APRT or IVVM?

IVVM has the higher dividend yield at 0.65%, compared with 0.00% for APRT.

What is the main difference between APRT and IVVM?

They also come from different issuers: Allianz and iShares. Their fees differ too: 0.74% for APRT and 0.50% for IVVM.

Which has better risk-adjusted returns?

APRT currently has the higher Sharpe Ratio (3.32 vs 2.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.