IJUL vs. APRB
IJUL (Innovator International Developed Power Buffer ETF - July) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. IJUL is passively managed, while APRB is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. IJUL charges 0.85%/yr vs 0.25%/yr for APRB.
Performance
IJUL vs. APRB - Performance Comparison
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Returns By Period
In the year-to-date period, IJUL achieves a 6.48% return, which is significantly higher than APRB's 4.34% return.
IJUL
- 1D
- -0.04%
- 1M
- 1.24%
- YTD
- 6.48%
- 6M
- 6.47%
- 1Y
- 13.61%
- 3Y*
- 11.55%
- 5Y*
- 7.86%
- 10Y*
- —
APRB
- 1D
- -0.19%
- 1M
- 0.00%
- YTD
- 4.34%
- 6M
- 3.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IJUL vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IJUL Innovator International Developed Power Buffer ETF - July | 6.48% | 2.79% |
APRB Aptus April Buffer ETF | 4.34% | 2.48% |
Correlation
The correlation between IJUL and APRB is 0.78, 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 | 0.78 |
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Return for Risk
IJUL vs. APRB — Risk / Return Rank
IJUL
APRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IJUL vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - July (IJUL) 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.
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.
| IJUL | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | — | — |
| Martin ratioReturn relative to average drawdown | 10.42 | — | — |
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Drawdowns
IJUL vs. APRB - Drawdown Comparison
The maximum IJUL drawdown since its inception was -21.09%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for IJUL and APRB.
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Drawdown Indicators
| IJUL | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.09% | -4.59% | -16.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.35% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.64% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -0.71% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | — | — |
Volatility
IJUL vs. APRB - Volatility Comparison
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Volatility by Period
| IJUL | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.94% | 5.96% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.88% | 5.96% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.06% | 5.96% | +5.10% |
IJUL vs. APRB - Expense Ratio Comparison
IJUL has a 0.85% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
IJUL vs. APRB - Dividend Comparison
Neither IJUL nor APRB has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
APRB Aptus April Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IJUL Innovator International Developed Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.99% |
Frequently Asked Questions
IJUL and APRB have a correlation of 0.78, 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 IJUL.
IJUL 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 IJUL and 0.25% for APRB.
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