IAPR vs. ZJUN

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator International Developed Power Buffer ETF - April (IAPR) and Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN).

IAPR and ZJUN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAPR is a passively managed fund by Innovator that tracks the performance of the MSCI EAFE. It was launched on Mar 31, 2021. ZJUN is an actively managed fund by Innovator. It was launched on May 30, 2025.

Performance

IAPR vs. ZJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - April (IAPR) and Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN). The values are adjusted to include any dividend payments, if applicable.

IAPR vs. ZJUN - Yearly Performance Comparison

	2026 (YTD)	2025
IAPR Innovator International Developed Power Buffer ETF - April	2.69%	6.57%
ZJUN Innovator Equity Defined Protection ETF - 1 Yr June	0.28%	3.95%

Returns By Period

In the year-to-date period, IAPR achieves a 2.69% return, which is significantly higher than ZJUN's 0.28% return.

IAPR

• 1D: 1.25%
• 1M: 0.70%
• YTD: 2.69%
• 6M: 5.32%
• 1Y: 15.00%
• 3Y*: 8.92%
• 5Y*: —
• 10Y*: —

ZJUN

• 1D: 0.65%
• 1M: -0.37%
• YTD: 0.28%
• 6M: 1.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IAPR vs. ZJUN - Expense Ratio Comparison

IAPR has a 0.85% expense ratio, which is higher than ZJUN's 0.79% expense ratio.

IAPR

Innovator International Developed Power Buffer ETF - April

ZJUN

Innovator Equity Defined Protection ETF - 1 Yr June

Return for Risk

IAPR vs. ZJUN — Risk / Return Rank

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

IAPR

IAPR Risk / Return Rank: 89
IAPR Sharpe Ratio Rank: 87
IAPR Sortino Ratio Rank: 90
IAPR Omega Ratio Rank: 93
IAPR Calmar Ratio Rank: 81
IAPR Martin Ratio Rank: 95

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. ZJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - April (IAPR) and Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN). 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.

	IAPR	ZJUN	Difference
Sharpe ratio Return per unit of total volatility	1.80	—	—
Sortino ratio Return per unit of downside risk	2.62	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	2.33	—	—
Martin ratio Return relative to average drawdown	15.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IAPR	ZJUN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	2.71	-2.17

Correlation

The correlation between IAPR and ZJUN is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IAPR vs. ZJUN - Dividend Comparison

Neither IAPR nor ZJUN has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IAPR vs. ZJUN - Drawdown Comparison

The maximum IAPR drawdown since its inception was -17.73%, which is greater than ZJUN's maximum drawdown of -1.08%. Use the drawdown chart below to compare losses from any high point for IAPR and ZJUN.

Drawdown Indicators

	IAPR	ZJUN	Difference
Max Drawdown Largest peak-to-trough decline	-17.73%	-1.08%	-16.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.08%	—	—
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-3.99%	-0.09%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	—	—

Volatility

Volatility by Period

	IAPR	ZJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.38%	1.91%	+6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.70%	1.91%	+6.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.70%	1.91%	+6.79%