IBIG vs. APRJ
IBIG (iShares iBonds Oct 2030 Term TIPS ETF) and APRJ (Innovator Premium Income 30 Barrier ETF - April) are both exchange-traded funds - IBIG is a Inflation-Protected Bonds fund tracking the ICE 2030 Maturity US Inflation-Linked Treasury Index, while APRJ is a Options Trading fund actively managed by Innovator. IBIG is passively managed, while APRJ is actively managed. Over the past year, IBIG returned 5.02% vs 6.91% for APRJ. At a 0.05 correlation, their price movements are largely independent. IBIG charges 0.10%/yr vs 0.79%/yr for APRJ.
Performance
IBIG vs. APRJ - Performance Comparison
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Returns By Period
In the year-to-date period, IBIG achieves a 1.64% return, which is significantly lower than APRJ's 3.18% return.
IBIG
- 1D
- -0.09%
- 1M
- -0.37%
- YTD
- 1.64%
- 6M
- 1.42%
- 1Y
- 5.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRJ
- 1D
- -0.10%
- 1M
- 0.70%
- YTD
- 3.18%
- 6M
- 3.64%
- 1Y
- 6.91%
- 3Y*
- 6.35%
- 5Y*
- —
- 10Y*
- —
IBIG vs. APRJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 1.64% | 7.90% | 2.60% | 4.26% |
APRJ Innovator Premium Income 30 Barrier ETF - April | 3.18% | 5.71% | 6.24% | 1.81% |
Correlation
The correlation between IBIG and APRJ is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.05 |
The correlation between IBIG and APRJ shifts across timeframes, from -0.05 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBIG vs. APRJ — Risk / Return Rank
IBIG
APRJ
IBIG vs. APRJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) 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.
| IBIG | APRJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -6.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.20 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 34.55 | -30.81 |
| Martin ratioReturn relative to average drawdown | 12.68 | 103.47 | -90.79 |
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
| IBIG | APRJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 4.63 | -2.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 1.80 | -0.37 |
Drawdowns
IBIG vs. APRJ - Drawdown Comparison
The maximum IBIG drawdown since its inception was -3.21%, smaller than the maximum APRJ drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for IBIG and APRJ.
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Drawdown Indicators
| IBIG | APRJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.21% | -4.68% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -0.20% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.68% | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.12% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -0.12% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.07% | +0.33% |
Volatility
IBIG vs. APRJ - Volatility Comparison
iShares iBonds Oct 2030 Term TIPS ETF (IBIG) has a higher volatility of 0.62% compared to Innovator Premium Income 30 Barrier ETF - April (APRJ) at 0.47%. This indicates that IBIG'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.
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Volatility by Period
| IBIG | APRJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.47% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 1.14% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 1.50% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 3.63% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 3.63% | +0.66% |
IBIG vs. APRJ - Expense Ratio Comparison
IBIG has a 0.10% expense ratio, which is lower than APRJ's 0.79% expense ratio.
Dividends
IBIG vs. APRJ - Dividend Comparison
IBIG's dividend yield for the trailing twelve months is around 3.89%, 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% |
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 3.89% | 4.70% | 4.15% | 0.78% |
Frequently Asked Questions
IBIG and APRJ have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIG has higher volatility (0.62%) compared to APRJ (0.47%). In terms of maximum drawdown, IBIG dropped -3.21% vs APRJ's -4.68%.
On 1-year performance, APRJ leads with 6.91% vs 5.02% for IBIG. On fees, IBIG is cheaper at 0.10% per year. On volatility, APRJ has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, APRJ has performed better with a 6.91% return vs 5.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIG is cheaper with a 0.10% expense ratio, compared with 0.79% for APRJ.
APRJ has the higher dividend yield at 5.27%, compared with 3.89% for IBIG.
IBIG is categorized as Inflation-Protected Bonds, while APRJ is Options Trading. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.10% for IBIG and 0.79% for APRJ.
APRJ currently has the higher Sharpe Ratio (4.63 vs 1.93), 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.
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