IAUG vs. APRB
IAUG (Innovator International Developed Power Buffer ETF) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.74 correlation means they provide meaningful diversification when combined. IAUG charges 0.85%/yr vs 0.25%/yr for APRB.
Performance
IAUG vs. APRB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IAUG having a 5.02% return and APRB slightly lower at 4.77%.
IAUG
- 1D
- -0.03%
- 1M
- 1.89%
- YTD
- 5.02%
- 6M
- 6.07%
- 1Y
- 10.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB
- 1D
- -0.11%
- 1M
- 1.69%
- YTD
- 4.77%
- 6M
- 5.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAUG vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IAUG Innovator International Developed Power Buffer ETF | 5.02% | 2.21% |
APRB Aptus April Buffer ETF | 4.77% | 2.48% |
Correlation
The correlation between IAUG and APRB is 0.74, 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 15, 2025 | 0.74 |
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Return for Risk
IAUG vs. APRB — Risk / Return Rank
IAUG
APRB
IAUG vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF (IAUG) and Aptus April Buffer ETF (APRB). 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.
| IAUG | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | — | — |
| Martin ratioReturn relative to average drawdown | 7.28 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAUG | APRB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 2.00 | -0.72 |
Drawdowns
IAUG vs. APRB - Drawdown Comparison
The maximum IAUG drawdown since its inception was -8.03%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for IAUG and APRB.
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Drawdown Indicators
| IAUG | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.03% | -4.59% | -3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.11% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -0.74% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | — | — |
Volatility
IAUG vs. APRB - Volatility Comparison
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Volatility by Period
| IAUG | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.12% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 5.98% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 5.98% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.01% | 5.98% | +3.03% |
IAUG vs. APRB - Expense Ratio Comparison
IAUG has a 0.85% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
IAUG vs. APRB - Dividend Comparison
Neither IAUG nor APRB has paid dividends to shareholders.
Frequently Asked Questions
IAUG and APRB have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.85% for IAUG.
IAUG and APRB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.85% for IAUG and 0.25% for APRB.
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