IAPR vs. JULB

Last updated Jun 24, 2026

IAPR (Innovator International Developed Power Buffer ETF - April) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. IAPR is passively managed, while JULB is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. IAPR charges 0.85%/yr vs 0.25%/yr for JULB.

Performance

IAPR vs. JULB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - April (IAPR) and Aptus July Buffer ETF (JULB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAPR achieves a 7.08% return, which is significantly higher than JULB's 6.38% return.

IAPR

• 1D: -1.06%
• 1M: 0.30%
• YTD: 7.08%
• 6M: 7.12%
• 1Y: 14.51%
• 3Y*: 10.41%
• 5Y*: 5.11%
• 10Y*: —

JULB

• 1D: -0.37%
• 1M: 0.61%
• YTD: 6.38%
• 6M: 6.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAPR vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
IAPR Innovator International Developed Power Buffer ETF - April	7.08%	2.94%
JULB Aptus July Buffer ETF	6.38%	2.44%

Correlation

The correlation between IAPR and JULB is 0.73, 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 14, 2025	0.73

Return for Risk

IAPR vs. JULB — Risk / Return Rank

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

IAPR

IAPR Risk / Return Rank: 83
IAPR Sharpe Ratio Rank: 71
IAPR Sortino Ratio Rank: 79
IAPR Omega Ratio Rank: 78
IAPR Calmar Ratio Rank: 92
IAPR Martin Ratio Rank: 93

JULB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IAPR vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - April (IAPR) and Aptus July Buffer ETF (JULB). 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.

	IAPR	JULB	Difference
Sharpe ratio: Return per unit of total volatility	2.09	—	—
Sortino ratio: Return per unit of downside risk	3.21	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	5.68	—	—
Martin ratio: Return relative to average drawdown	21.78	—	—

Drawdowns

IAPR vs. JULB - Drawdown Comparison

The maximum IAPR drawdown since its inception was -17.73%, which is greater than JULB's maximum drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for IAPR and JULB.

Drawdown Indicators

	IAPR	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-17.73%	-5.24%	-12.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.73%	—	—
Current Drawdown Current decline from peak	-1.06%	-0.43%	-0.63%
Average Drawdown Average peak-to-trough decline	-3.84%	-0.83%	-3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	—	—

Volatility

Volatility by Period

	IAPR	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.99%	6.84%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.91%	6.84%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.79%	6.84%	+1.95%

IAPR vs. JULB - Expense Ratio Comparison

IAPR has a 0.85% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

IAPR vs. JULB - Dividend Comparison

Neither IAPR nor JULB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IAPR and JULB in my portfolio?

IAPR and JULB have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IAPR or JULB?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IAPR or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.85% for IAPR.

Which ETF pays a higher dividend yield, IAPR or JULB?

IAPR and JULB have nearly identical dividend yields, around 0.00%.

What is the main difference between IAPR and JULB?

They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.85% for IAPR and 0.25% for JULB.