GENM vs. APRJ

Last updated Jun 24, 2026

GENM (Genter Capital Municipal Quality Intermediate ETF) and APRJ (Innovator Premium Income 30 Barrier ETF - April) are both exchange-traded funds - GENM is a Municipal Bonds fund actively managed by Genter Capital, while APRJ is a Options Trading fund actively managed by Innovator. Both are actively managed. Over the past year, GENM returned 4.35% vs 6.61% for APRJ. At a 0.01 correlation, their price movements are largely independent. GENM charges 0.39%/yr vs 0.79%/yr for APRJ.

Performance

GENM vs. APRJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genter Capital Municipal Quality Intermediate ETF (GENM) and Innovator Premium Income 30 Barrier ETF - April (APRJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GENM achieves a 1.28% return, which is significantly lower than APRJ's 3.20% return.

GENM

• 1D: 0.10%
• 1M: 0.62%
• YTD: 1.28%
• 6M: 1.41%
• 1Y: 4.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APRJ

• 1D: -0.12%
• 1M: 0.14%
• YTD: 3.20%
• 6M: 3.43%
• 1Y: 6.61%
• 3Y*: 6.17%
• 5Y*: —
• 10Y*: —

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

GENM vs. APRJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GENM Genter Capital Municipal Quality Intermediate ETF	1.28%	5.10%	2.19%
APRJ Innovator Premium Income 30 Barrier ETF - April	3.20%	5.71%	3.65%

Correlation

The correlation between GENM and APRJ is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since May 22, 2024	0.01

The correlation between GENM and APRJ shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GENM vs. APRJ — Risk / Return Rank

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

GENM

GENM Risk / Return Rank: 48
GENM Sharpe Ratio Rank: 48
GENM Sortino Ratio Rank: 51
GENM Omega Ratio Rank: 53
GENM Calmar Ratio Rank: 45
GENM Martin Ratio Rank: 42

APRJ

APRJ Risk / Return Rank: 98
APRJ Sharpe Ratio Rank: 97
APRJ Sortino Ratio Rank: 98
APRJ Omega Ratio Rank: 98
APRJ Calmar Ratio Rank: 99
APRJ Martin Ratio Rank: 99

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.

GENM vs. APRJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genter Capital Municipal Quality Intermediate ETF (GENM) and Innovator Premium Income 30 Barrier ETF - April (APRJ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GENM	APRJ	Difference
Sharpe ratio: Return per unit of total volatility	1.52	4.29	-2.77
Sortino ratio: Return per unit of downside risk	2.26	8.04	-5.78
Omega ratio: Gain probability vs. loss probability	1.30	2.10	-0.79
Calmar ratio: Return relative to maximum drawdown	2.03	16.68	-14.65
Martin ratio: Return relative to average drawdown	6.30	83.93	-77.63

GENM vs. APRJ - Sharpe Ratio Comparison

The current GENM Sharpe Ratio is 1.52, which is lower than the APRJ Sharpe Ratio of 4.29. The chart below compares the historical Sharpe Ratios of GENM and APRJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GENM vs. APRJ - Drawdown Comparison

The maximum GENM drawdown since its inception was -2.41%, smaller than the maximum APRJ drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for GENM and APRJ.

Drawdown Indicators

	GENM	APRJ	Difference
Max Drawdown Largest peak-to-trough decline	-2.41%	-4.68%	+2.27%
Max Drawdown (1Y) Largest decline over 1 year	-2.15%	-0.40%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.68%	—
Current Drawdown Current decline from peak	-0.77%	-0.22%	-0.55%
Average Drawdown Average peak-to-trough decline	-0.50%	-0.12%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	0.08%	+0.61%

Volatility

GENM vs. APRJ - Volatility Comparison

Genter Capital Municipal Quality Intermediate ETF (GENM) has a higher volatility of 0.84% compared to Innovator Premium Income 30 Barrier ETF - April (APRJ) at 0.71%. This indicates that GENM's price experiences larger fluctuations and is considered to be riskier than APRJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GENM	APRJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	0.71%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	1.94%	1.28%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	2.87%	1.56%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.15%	3.62%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.15%	3.62%	-0.47%

GENM vs. APRJ - Expense Ratio Comparison

GENM has a 0.39% expense ratio, which is lower than APRJ's 0.79% expense ratio.

Dividends

GENM vs. APRJ - Dividend Comparison

GENM's dividend yield for the trailing twelve months is around 2.93%, less than APRJ's 5.27% yield.

Position	TTM	2025	2024	2023
APRJ Innovator Premium Income 30 Barrier ETF - April	5.27%	5.46%	5.88%	4.88%
GENM Genter Capital Municipal Quality Intermediate ETF	2.93%	2.88%	2.19%	0.00%

Frequently Asked Questions

Can I hold both GENM and APRJ in my portfolio?

GENM and APRJ have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENM or APRJ?

GENM has higher volatility (0.84%) compared to APRJ (0.71%). In terms of maximum drawdown, GENM dropped -2.41% vs APRJ's -4.68%.

Which ETF is better, GENM or APRJ?

On 1-year performance, APRJ leads with 6.61% vs 4.35% for GENM. On fees, GENM is cheaper at 0.39% per year. On volatility, APRJ has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENM or APRJ?

Over the 1-year period, APRJ has performed better with a 6.61% return vs 4.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENM or APRJ?

GENM is cheaper with a 0.39% expense ratio, compared with 0.79% for APRJ.

Which ETF pays a higher dividend yield, GENM or APRJ?

APRJ has the higher dividend yield at 5.27%, compared with 2.93% for GENM.

What is the main difference between GENM and APRJ?

GENM is categorized as Municipal Bonds, while APRJ is Options Trading. They also come from different issuers: Genter Capital and Innovator. Their fees differ too: 0.39% for GENM and 0.79% for APRJ.

Which has better risk-adjusted returns?

APRJ currently has the higher Sharpe Ratio (4.29 vs 1.52), 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.