APRZ vs. OCTZ
Compare and contrast key facts about TrueShares Structured Outcome (April) ETF (APRZ) and TrueShares Structured Outcome (October) ETF (OCTZ).
APRZ and OCTZ 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. OCTZ is an actively managed fund by TrueShares. It was launched on Sep 30, 2020.
Performance
APRZ vs. OCTZ - Performance Comparison
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APRZ vs. OCTZ - 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% |
OCTZ TrueShares Structured Outcome (October) ETF | -3.41% | 12.89% | 18.89% | 18.18% | -10.23% | 14.18% |
Returns By Period
In the year-to-date period, APRZ achieves a -4.60% return, which is significantly lower than OCTZ's -3.41% return.
APRZ
- 1D
- 2.70%
- 1M
- -4.50%
- YTD
- -4.60%
- 6M
- -2.90%
- 1Y
- 12.03%
- 3Y*
- 12.89%
- 5Y*
- —
- 10Y*
- —
OCTZ
- 1D
- 2.03%
- 1M
- -3.58%
- YTD
- -3.41%
- 6M
- -1.67%
- 1Y
- 12.51%
- 3Y*
- 13.32%
- 5Y*
- 9.45%
- 10Y*
- —
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APRZ vs. OCTZ - Expense Ratio Comparison
Both APRZ and OCTZ have an expense ratio of 0.79%.
Return for Risk
APRZ vs. OCTZ — Risk / Return Rank
APRZ
OCTZ
APRZ vs. OCTZ - 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 (October) ETF (OCTZ). 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 | OCTZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.92 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.40 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.41 | -0.12 |
Martin ratioReturn relative to average drawdown | 5.37 | 6.21 | -0.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APRZ | OCTZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.92 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.91 | -0.15 |
Correlation
The correlation between APRZ and OCTZ is 0.99, 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. OCTZ - Dividend Comparison
APRZ's dividend yield for the trailing twelve months is around 3.52%, less than OCTZ's 4.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
APRZ TrueShares Structured Outcome (April) ETF | 3.52% | 3.35% | 2.78% | 2.89% | 0.59% |
OCTZ TrueShares Structured Outcome (October) ETF | 4.13% | 3.99% | 1.26% | 3.28% | 0.67% |
Drawdowns
APRZ vs. OCTZ - Drawdown Comparison
The maximum APRZ drawdown since its inception was -18.15%, which is greater than OCTZ's maximum drawdown of -15.82%. Use the drawdown chart below to compare losses from any high point for APRZ and OCTZ.
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Drawdown Indicators
| APRZ | OCTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.15% | -15.82% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -9.09% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.82% | — |
Current DrawdownCurrent decline from peak | -6.39% | -5.43% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -3.23% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.06% | +0.26% |
Volatility
APRZ vs. OCTZ - Volatility Comparison
TrueShares Structured Outcome (April) ETF (APRZ) has a higher volatility of 4.85% compared to TrueShares Structured Outcome (October) ETF (OCTZ) at 4.09%. This indicates that APRZ's price experiences larger fluctuations and is considered to be riskier than OCTZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APRZ | OCTZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 4.09% | +0.76% |
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% | 13.64% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.51% | 12.41% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.51% | 12.45% | +0.06% |