EJUL vs. APRB
EJUL (Innovator Emerging Markets Power Buffer ETF - July) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. EJUL is passively managed, while APRB is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. EJUL charges 0.89%/yr vs 0.25%/yr for APRB.
Performance
EJUL vs. APRB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EJUL having a 4.63% return and APRB slightly higher at 4.77%.
EJUL
- 1D
- -0.23%
- 1M
- 0.57%
- YTD
- 4.63%
- 6M
- 6.20%
- 1Y
- 18.82%
- 3Y*
- 10.25%
- 5Y*
- 3.01%
- 10Y*
- —
APRB
- 1D
- -0.11%
- 1M
- 1.69%
- YTD
- 4.77%
- 6M
- 5.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EJUL vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EJUL Innovator Emerging Markets Power Buffer ETF - July | 4.63% | 2.84% |
APRB Aptus April Buffer ETF | 4.77% | 2.48% |
Correlation
The correlation between EJUL and APRB is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.70 |
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Return for Risk
EJUL vs. APRB — Risk / Return Rank
EJUL
APRB
EJUL vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - July (EJUL) 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.
| EJUL | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.56 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | — | — |
| Martin ratioReturn relative to average drawdown | 21.65 | — | — |
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
| EJUL | APRB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 2.00 | -1.74 |
Drawdowns
EJUL vs. APRB - Drawdown Comparison
The maximum EJUL drawdown since its inception was -21.61%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for EJUL and APRB.
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Drawdown Indicators
| EJUL | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -4.59% | -17.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.11% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -0.74% | -5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | — | — |
Volatility
EJUL vs. APRB - Volatility Comparison
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Volatility by Period
| EJUL | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.30% | 5.98% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.66% | 5.98% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.45% | 5.98% | +5.47% |
EJUL vs. APRB - Expense Ratio Comparison
EJUL has a 0.89% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
EJUL vs. APRB - Dividend Comparison
Neither EJUL nor APRB has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
APRB Aptus April Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EJUL Innovator Emerging Markets Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.64% |
Frequently Asked Questions
EJUL and APRB have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.89% for EJUL.
EJUL and APRB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.89% for EJUL and 0.25% for APRB.
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