APRT vs. XTR

Last updated Jun 23, 2026

APRT (AllianzIM U.S. Large Cap Buffer10 Apr ETF) and XTR (Global X S&P 500 Tail Risk ETF) are both exchange-traded funds - APRT is a Options Trading fund actively managed by Allianz, while XTR is a Equity Hedged fund tracking the Cboe S&P 500 Tail Risk Index. APRT is actively managed, while XTR is passively managed. Over the past 3 years, APRT returned 13.89%/yr vs 17.45%/yr for XTR. Their correlation of 0.95 suggests significant overlap in exposure. APRT charges 0.74%/yr vs 0.25%/yr for XTR.

Performance

APRT vs. XTR - 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 Global X S&P 500 Tail Risk ETF (XTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRT achieves a 9.83% return, which is significantly higher than XTR's 7.44% return.

APRT

• 1D: -0.11%
• 1M: 0.44%
• YTD: 9.83%
• 6M: 9.98%
• 1Y: 18.87%
• 3Y*: 13.89%
• 5Y*: 10.50%
• 10Y*: —

XTR

• 1D: -0.42%
• 1M: 0.04%
• YTD: 7.44%
• 6M: 7.03%
• 1Y: 21.44%
• 3Y*: 17.45%
• 5Y*: —
• 10Y*: —

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

APRT vs. XTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	9.83%	7.99%	15.15%	22.13%	-6.41%	2.83%
XTR Global X S&P 500 Tail Risk ETF	7.44%	13.66%	21.85%	21.16%	-17.67%	4.25%

Correlation

The correlation between APRT and XTR is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021	0.95

The correlation between APRT and XTR has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

APRT vs. XTR — 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

XTR

XTR Risk / Return Rank: 57
XTR Sharpe Ratio Rank: 58
XTR Sortino Ratio Rank: 57
XTR Omega Ratio Rank: 55
XTR Calmar Ratio Rank: 53
XTR Martin Ratio Rank: 60

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. XTR - 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 Global X S&P 500 Tail Risk ETF (XTR). 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	XTR	Difference
Sharpe ratio: Return per unit of total volatility	3.71	1.90	+1.81
Sortino ratio: Return per unit of downside risk	6.37	2.62	+3.76
Omega ratio: Gain probability vs. loss probability	1.93	1.34	+0.59
Calmar ratio: Return relative to maximum drawdown	11.91	2.53	+9.38
Martin ratio: Return relative to average drawdown	58.04	10.48	+47.56

APRT vs. XTR - Sharpe Ratio Comparison

The current APRT Sharpe Ratio is 3.71, which is higher than the XTR Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of APRT and XTR, 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. XTR - Drawdown Comparison

The maximum APRT drawdown since its inception was -14.98%, smaller than the maximum XTR drawdown of -20.83%. Use the drawdown chart below to compare losses from any high point for APRT and XTR.

Drawdown Indicators

	APRT	XTR	Difference
Max Drawdown Largest peak-to-trough decline	-14.98%	-20.83%	+5.85%
Max Drawdown (1Y) Largest decline over 1 year	-1.59%	-8.51%	+6.92%
Max Drawdown (3Y) Largest decline over 3 years	-14.98%	-14.35%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-14.98%	—	—
Current Drawdown Current decline from peak	-0.26%	-1.76%	+1.50%
Average Drawdown Average peak-to-trough decline	-2.04%	-5.91%	+3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	2.05%	-1.72%

Volatility

APRT vs. XTR - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) is 1.73%, while Global X S&P 500 Tail Risk ETF (XTR) has a volatility of 4.54%. This indicates that APRT experiences smaller price fluctuations and is considered to be less risky than XTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APRT	XTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	4.54%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	4.29%	9.00%	-4.71%
Volatility (1Y) Calculated over the trailing 1-year period	5.12%	11.36%	-6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.79%	13.85%	-3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.27%	13.85%	-3.58%

APRT vs. XTR - Expense Ratio Comparison

APRT has a 0.74% expense ratio, which is higher than XTR's 0.25% expense ratio.

Dividends

APRT vs. XTR - Dividend Comparison

APRT has not paid dividends to shareholders, while XTR's dividend yield for the trailing twelve months is around 16.59%.

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%
XTR Global X S&P 500 Tail Risk ETF	16.59%	17.82%	20.89%	1.09%	1.08%	2.32%	0.00%

Frequently Asked Questions

Can I hold both APRT and XTR in my portfolio?

With a correlation of 0.92, APRT and XTR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, APRT or XTR?

XTR has higher volatility (4.54%) compared to APRT (1.73%). In terms of maximum drawdown, APRT dropped -14.98% vs XTR's -20.83%.

Which ETF is better, APRT or XTR?

On 3-year performance, XTR leads with 17.45% vs 13.89% for APRT. On fees, XTR is cheaper at 0.25% per year. On volatility, APRT has been the lower-risk option at 1.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APRT or XTR?

Over the 3-year period, XTR has performed better with a 17.45% return vs 13.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APRT or XTR?

XTR is cheaper with a 0.25% expense ratio, compared with 0.74% for APRT.

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

XTR has the higher dividend yield at 16.59%, compared with 0.00% for APRT.

What is the main difference between APRT and XTR?

APRT is categorized as Options Trading, while XTR is Equity Hedged. They also come from different issuers: Allianz and Global X. Their fees differ too: 0.74% for APRT and 0.25% for XTR.

Which has better risk-adjusted returns?

APRT currently has the higher Sharpe Ratio (3.71 vs 1.90), 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.