APRZ vs. APRB
APRZ (TrueShares Structured Outcome (April) ETF) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. APRZ is passively managed, while APRB is actively managed. Their correlation of 0.95 suggests significant overlap in exposure. APRZ charges 0.79%/yr vs 0.25%/yr for APRB.
Performance
APRZ vs. APRB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APRZ achieves a 7.43% return, which is significantly higher than APRB's 4.77% return.
APRZ
- 1D
- -0.52%
- 1M
- 4.07%
- YTD
- 7.43%
- 6M
- 7.28%
- 1Y
- 20.17%
- 3Y*
- 16.23%
- 5Y*
- 11.19%
- 10Y*
- —
APRB
- 1D
- -0.11%
- 1M
- 1.69%
- YTD
- 4.77%
- 6M
- 5.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRZ vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APRZ TrueShares Structured Outcome (April) ETF | 7.43% | 2.38% |
APRB Aptus April Buffer ETF | 4.77% | 2.48% |
Correlation
The correlation between APRZ and APRB is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.95 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APRZ vs. APRB — Risk / Return Rank
APRZ
APRB
APRZ vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (April) ETF (APRZ) and Aptus April Buffer ETF (APRB). 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.
| APRZ | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | — | — |
| Martin ratioReturn relative to average drawdown | 10.13 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| APRZ | APRB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 2.00 | -1.06 |
Drawdowns
APRZ vs. APRB - Drawdown Comparison
The maximum APRZ drawdown since its inception was -18.15%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for APRZ and APRB.
Loading charts...
Drawdown Indicators
| APRZ | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -4.59% | -13.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -15.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.15% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.11% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -0.74% | -2.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | — | — |
Volatility
APRZ vs. APRB - Volatility Comparison
Loading charts...
Volatility by Period
| APRZ | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 5.98% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.52% | 5.98% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.42% | 5.98% | +6.44% |
APRZ vs. APRB - Expense Ratio Comparison
APRZ has a 0.79% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
APRZ vs. APRB - Dividend Comparison
APRZ's dividend yield for the trailing twelve months is around 3.12%, while APRB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
APRB Aptus April Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
APRZ TrueShares Structured Outcome (April) ETF | 3.12% | 3.35% | 2.78% | 2.89% | 0.59% |
Frequently Asked Questions
With a correlation of 0.95, APRZ and APRB 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.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.79% for APRZ.
APRZ has the higher dividend yield at 3.12%, compared with 0.00% for APRB.
They also come from different issuers: TrueShares and Aptus Capital Advisors. Their fees differ too: 0.79% for APRZ and 0.25% for APRB.
Find the right allocation for APRZ and APRB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer