APRZ vs. JANZ
Compare and contrast key facts about TrueShares Structured Outcome (April) ETF (APRZ) and TrueShares Structured Outcome (January) ETF (JANZ).
APRZ and JANZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. APRZ is a passively managed fund by TrueShares that tracks the performance of the S&P 500 Price Return Index. It was launched on Mar 31, 2021. JANZ is an actively managed fund by TrueShares. It was launched on Dec 31, 2020.
Performance
APRZ vs. JANZ - Performance Comparison
Loading graphics...
APRZ vs. JANZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APRZ TrueShares Structured Outcome (April) ETF | -4.60% | 12.97% | 18.46% | 22.23% | -11.43% | 13.37% |
JANZ TrueShares Structured Outcome (January) ETF | -3.53% | 12.47% | 18.10% | 19.09% | -11.43% | 14.11% |
Returns By Period
In the year-to-date period, APRZ achieves a -4.60% return, which is significantly lower than JANZ's -3.53% return.
APRZ
- 1D
- 2.70%
- 1M
- -4.50%
- YTD
- -4.60%
- 6M
- -2.90%
- 1Y
- 12.03%
- 3Y*
- 12.89%
- 5Y*
- —
- 10Y*
- —
JANZ
- 1D
- 2.03%
- 1M
- -3.67%
- YTD
- -3.53%
- 6M
- -1.79%
- 1Y
- 12.03%
- 3Y*
- 13.03%
- 5Y*
- 9.05%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
APRZ vs. JANZ - Expense Ratio Comparison
Both APRZ and JANZ have an expense ratio of 0.79%.
Return for Risk
APRZ vs. JANZ — Risk / Return Rank
APRZ
JANZ
APRZ vs. JANZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (April) ETF (APRZ) and TrueShares Structured Outcome (January) ETF (JANZ). 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 | JANZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.86 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.33 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.35 | -0.06 |
Martin ratioReturn relative to average drawdown | 5.37 | 6.37 | -1.00 |
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 graphics...
Sharpe Ratios by Period
| APRZ | JANZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.86 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.76 | -0.01 |
Correlation
The correlation between APRZ and JANZ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
APRZ vs. JANZ - Dividend Comparison
APRZ's dividend yield for the trailing twelve months is around 3.52%, more than JANZ's 1.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
APRZ TrueShares Structured Outcome (April) ETF | 3.52% | 3.35% | 2.78% | 2.89% | 0.59% | 0.00% |
JANZ TrueShares Structured Outcome (January) ETF | 1.47% | 1.42% | 2.70% | 2.58% | 0.21% | 4.52% |
Drawdowns
APRZ vs. JANZ - Drawdown Comparison
The maximum APRZ drawdown since its inception was -18.15%, roughly equal to the maximum JANZ drawdown of -18.11%. Use the drawdown chart below to compare losses from any high point for APRZ and JANZ.
Loading graphics...
Drawdown Indicators
| APRZ | JANZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -18.11% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -9.28% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.11% | — |
Current DrawdownCurrent decline from peak | -6.39% | -4.94% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -3.58% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.97% | +0.35% |
Volatility
APRZ vs. JANZ - Volatility Comparison
TrueShares Structured Outcome (April) ETF (APRZ) has a higher volatility of 4.85% compared to TrueShares Structured Outcome (January) ETF (JANZ) at 4.06%. This indicates that APRZ's price experiences larger fluctuations and is considered to be riskier than JANZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| APRZ | JANZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 4.06% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 7.56% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 14.04% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.51% | 13.15% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.51% | 13.09% | -0.58% |