FAPR vs. APRT

Last updated Jun 4, 2026

FAPR (FT Vest U.S. Equity Buffer ETF - April) and APRT (AllianzIM U.S. Large Cap Buffer10 Apr ETF) are both exchange-traded funds - FAPR is a Defined Outcome fund tracking the S&P 500, while APRT is a Options Trading fund actively managed by Allianz. FAPR is passively managed, while APRT is actively managed. Over the past 5 years, FAPR returned 8.95%/yr vs 10.64%/yr for APRT. Their correlation of 0.93 suggests significant overlap in exposure. FAPR charges 0.85%/yr vs 0.74%/yr for APRT.

Performance

FAPR vs. APRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer ETF - April (FAPR) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAPR achieves a 5.18% return, which is significantly lower than APRT's 9.89% return.

FAPR

• 1D: -0.21%
• 1M: 2.57%
• YTD: 5.18%
• 6M: 6.07%
• 1Y: 12.66%
• 3Y*: 13.47%
• 5Y*: 8.95%
• 10Y*: —

APRT

• 1D: -0.20%
• 1M: 2.07%
• YTD: 9.89%
• 6M: 10.85%
• 1Y: 19.10%
• 3Y*: 14.42%
• 5Y*: 10.64%
• 10Y*: —

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

FAPR vs. APRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FAPR FT Vest U.S. Equity Buffer ETF - April	5.18%	7.58%	18.14%	19.50%	-10.33%	8.65%
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	9.89%	7.99%	15.15%	22.13%	-6.41%	7.53%

Correlation

The correlation between FAPR and APRT is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021	0.93

The correlation between FAPR and APRT has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

FAPR vs. APRT - Sectors Allocation Comparison

Sectors	FAPR	APRT
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

FAPR vs. APRT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAPR

FAPR Risk / Return Rank: 96
FAPR Sharpe Ratio Rank: 92
FAPR Sortino Ratio Rank: 96
FAPR Omega Ratio Rank: 95
FAPR Calmar Ratio Rank: 97
FAPR Martin Ratio Rank: 97

APRT

APRT Risk / Return Rank: 97
APRT Sharpe Ratio Rank: 95
APRT Sortino Ratio Rank: 98
APRT Omega Ratio Rank: 97
APRT Calmar Ratio Rank: 97
APRT Martin Ratio Rank: 98

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.

FAPR vs. APRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer ETF - April (FAPR) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). 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.

	FAPR	APRT	Difference
Sharpe ratio: Return per unit of total volatility	3.37	3.83	-0.46
Sortino ratio: Return per unit of downside risk	5.48	6.77	-1.28
Omega ratio: Gain probability vs. loss probability	1.75	1.97	-0.22
Calmar ratio: Return relative to maximum drawdown	11.10	12.06	-0.96
Martin ratio: Return relative to average drawdown	48.99	65.68	-16.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAPR vs. APRT - Sharpe Ratio Comparison

The current FAPR Sharpe Ratio is 3.37, which is comparable to the APRT Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of FAPR and APRT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAPR	APRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	3.83	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.99	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.11	-0.24

Drawdowns

FAPR vs. APRT - Drawdown Comparison

The maximum FAPR drawdown since its inception was -15.96%, which is greater than APRT's maximum drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for FAPR and APRT.

Drawdown Indicators

	FAPR	APRT	Difference
Max Drawdown Largest peak-to-trough decline	-15.96%	-14.98%	-0.98%
Max Drawdown (1Y) Largest decline over 1 year	-1.15%	-1.59%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	-11.64%	-14.98%	+3.34%
Max Drawdown (5Y) Largest decline over 5 years	-15.96%	-14.98%	-0.98%
Current Drawdown Current decline from peak	-0.25%	-0.20%	-0.05%
Average Drawdown Average peak-to-trough decline	-2.71%	-2.05%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.29%	-0.03%

Volatility

FAPR vs. APRT - Volatility Comparison

FT Vest U.S. Equity Buffer ETF - April (FAPR) has a higher volatility of 1.43% compared to AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) at 1.01%. This indicates that FAPR's price experiences larger fluctuations and is considered to be riskier than APRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAPR	APRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.01%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	3.99%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.79%	5.02%	-1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.49%	10.78%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.43%	10.29%	+0.14%

FAPR vs. APRT - Expense Ratio Comparison

FAPR has a 0.85% expense ratio, which is higher than APRT's 0.74% expense ratio.

Dividends

FAPR vs. APRT - Dividend Comparison

Neither FAPR nor APRT has paid dividends to shareholders.

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%
FAPR FT Vest U.S. Equity Buffer ETF - April	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAPR and APRT in my portfolio?

FAPR and APRT have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAPR or APRT?

FAPR has higher volatility (1.43%) compared to APRT (1.01%). In terms of maximum drawdown, FAPR dropped -15.96% vs APRT's -14.98%.

Which ETF is better, FAPR or APRT?

On 5-year performance, APRT leads with 10.64% vs 8.95% for FAPR. On fees, APRT is cheaper at 0.74% per year. On volatility, APRT has been the lower-risk option at 1.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FAPR or APRT?

Over the 5-year period, APRT has performed better with a 10.64% return vs 8.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FAPR or APRT?

APRT is cheaper with a 0.74% expense ratio, compared with 0.85% for FAPR.

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

FAPR and APRT have nearly identical dividend yields, around 0.00%.

What is the main difference between FAPR and APRT?

FAPR is categorized as Defined Outcome, while APRT is Options Trading. They also come from different issuers: FT Vest and Allianz. Their fees differ too: 0.85% for FAPR and 0.74% for APRT.

Which has better risk-adjusted returns?

APRT currently has the higher Sharpe Ratio (3.83 vs 3.37), 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.