GTR vs. APRW

Last updated Jul 12, 2026

GTR (WisdomTree Target Range Fund) and APRW (AllianzIM U.S. Large Cap Buffer20 Apr ETF) are both Options Trading funds. Both are actively managed. Over the past 3 years, GTR returned 12.20%/yr vs 9.85%/yr for APRW. Their correlation of 0.81 suggests significant overlap in exposure. GTR charges 0.70%/yr vs 0.74%/yr for APRW.

Performance

GTR vs. APRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Target Range Fund (GTR) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GTR achieves a 9.14% return, which is significantly higher than APRW's 6.88% return.

GTR

• 1D: 0.27%
• 1M: 1.21%
• 6M: 6.32%
• YTD: 9.14%
• 1Y: 17.29%
• 3Y*: 12.20%
• 5Y*: —
• 10Y*: —

APRW

• 1D: 0.05%
• 1M: 0.79%
• 6M: 6.63%
• YTD: 6.88%
• 1Y: 11.39%
• 3Y*: 9.85%
• 5Y*: 7.05%
• 10Y*: —

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

GTR vs. APRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GTR WisdomTree Target Range Fund	9.14%	12.90%	8.41%	12.45%	-19.07%	3.24%
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	6.88%	6.18%	11.25%	12.38%	-2.90%	1.68%

Correlation

The correlation between GTR and APRW is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021	0.81

The correlation between GTR and APRW has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

Return for Risk

GTR vs. APRW — Risk / Return Rank

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

GTR

GTR Risk / Return Rank: 69
GTR Sharpe Ratio Rank: 67
GTR Sortino Ratio Rank: 68
GTR Omega Ratio Rank: 66
GTR Calmar Ratio Rank: 70
GTR Martin Ratio Rank: 74

APRW

APRW Risk / Return Rank: 98
APRW Sharpe Ratio Rank: 98
APRW Sortino Ratio Rank: 98
APRW Omega Ratio Rank: 98
APRW Calmar Ratio Rank: 98
APRW 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.

GTR vs. APRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Target Range Fund (GTR) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW). 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.

	GTR	APRW	Difference
Sharpe ratio: Return per unit of total volatility	1.74	4.24	-2.50
Sortino ratio: Return per unit of downside risk	2.48	7.43	-4.95
Omega ratio: Gain probability vs. loss probability	1.31	2.05	-0.73
Calmar ratio: Return relative to maximum drawdown	2.80	12.68	-9.88
Martin ratio: Return relative to average drawdown	10.98	64.90	-53.92

GTR vs. APRW - Sharpe Ratio Comparison

The current GTR Sharpe Ratio is 1.74, which is lower than the APRW Sharpe Ratio of 4.24. The chart below compares the historical Sharpe Ratios of GTR and APRW, 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

GTR vs. APRW - Drawdown Comparison

The maximum GTR drawdown since its inception was -21.44%, which is greater than APRW's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for GTR and APRW.

Drawdown Indicators

	GTR	APRW	Difference
Max Drawdown Largest peak-to-trough decline	-21.44%	-9.61%	-11.83%
Max Drawdown (1Y) Largest decline over 1 year	-5.97%	-0.89%	-5.08%
Max Drawdown (3Y) Largest decline over 3 years	-12.88%	-9.61%	-3.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-9.61%	—
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-8.47%	-1.11%	-7.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	0.17%	+1.35%

Volatility

GTR vs. APRW - Volatility Comparison

WisdomTree Target Range Fund (GTR) has a higher volatility of 2.71% compared to AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW) at 1.04%. This indicates that GTR's price experiences larger fluctuations and is considered to be riskier than APRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTR	APRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	1.04%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	7.04%	2.16%	+4.88%
Volatility (1Y) Calculated over the trailing 1-year period	9.65%	2.67%	+6.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.84%	6.73%	+4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.84%	6.37%	+4.47%

GTR vs. APRW - Expense Ratio Comparison

GTR has a 0.70% expense ratio, which is lower than APRW's 0.74% expense ratio.

Dividends

GTR vs. APRW - Dividend Comparison

GTR's dividend yield for the trailing twelve months is around 5.31%, while APRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.67%
GTR WisdomTree Target Range Fund	5.31%	5.74%	5.30%	2.85%	0.46%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GTR and APRW in my portfolio?

GTR and APRW have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTR or APRW?

GTR has higher volatility (2.71%) compared to APRW (1.04%). In terms of maximum drawdown, GTR dropped -21.44% vs APRW's -9.61%.

Which ETF is better, GTR or APRW?

On 3-year performance, GTR leads with 12.20% vs 9.85% for APRW. On fees, GTR is cheaper at 0.70% per year. On volatility, APRW has been the lower-risk option at 1.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GTR or APRW?

Over the 3-year period, GTR has performed better with a 12.20% return vs 9.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GTR or APRW?

GTR is cheaper with a 0.70% expense ratio, compared with 0.74% for APRW.

Which ETF pays a higher dividend yield, GTR or APRW?

GTR has the higher dividend yield at 5.31%, compared with 0.00% for APRW.

What is the main difference between GTR and APRW?

They also come from different issuers: WisdomTree and Allianz. Their fees differ too: 0.70% for GTR and 0.74% for APRW.

Which has better risk-adjusted returns?

APRW currently has the higher Sharpe Ratio (4.24 vs 1.74), 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.