IVVB vs. APRQ

Last updated Jun 4, 2026

IVVB (iShares Large Cap Deep Buffer ETF) and APRQ (Innovator Premium Income 40 Barrier ETF - April) are both Options Trading funds. Both are actively managed. IVVB charges 0.50%/yr vs 0.79%/yr for APRQ.

Performance

IVVB vs. APRQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Large Cap Deep Buffer ETF (IVVB) and Innovator Premium Income 40 Barrier ETF - April (APRQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IVVB

• 1D: -0.14%
• 1M: 1.91%
• YTD: 4.57%
• 6M: 4.37%
• 1Y: 14.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APRQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVVB vs. APRQ - Yearly Performance Comparison

	2026 (YTD)
IVVB iShares Large Cap Deep Buffer ETF	3.17%
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%

IVVB vs. APRQ - Sectors Allocation Comparison

Sectors	IVVB	APRQ
Technology	35.6%	32.0%
Financial Services	11.8%	13.7%
Communication Services	11.2%	9.9%
Consumer Cyclical	10.1%	11.6%
Healthcare	8.5%	10.5%
Industrials	8.3%	7.4%
Consumer Defensive	4.9%	5.5%
Energy	3.5%	3.2%
Utilities	2.4%	2.5%
Real Estate	1.9%	2.1%
Basic Materials	1.8%	1.7%

Return for Risk

IVVB vs. APRQ — Risk / Return Rank

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

IVVB

IVVB Risk / Return Rank: 58
IVVB Sharpe Ratio Rank: 59
IVVB Sortino Ratio Rank: 59
IVVB Omega Ratio Rank: 63
IVVB Calmar Ratio Rank: 51
IVVB Martin Ratio Rank: 61

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.

IVVB vs. APRQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Deep Buffer ETF (IVVB) and Innovator Premium Income 40 Barrier ETF - April (APRQ). 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.

	IVVB	APRQ	Difference
Sharpe ratio: Return per unit of total volatility	2.02	—	—
Sortino ratio: Return per unit of downside risk	2.82	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.55	—	—
Martin ratio: Return relative to average drawdown	10.94	—	—
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

	IVVB	APRQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	—	—

Drawdowns

IVVB vs. APRQ - Drawdown Comparison

The maximum IVVB drawdown since its inception was -13.08%, which is greater than APRQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IVVB and APRQ.

Drawdown Indicators

	IVVB	APRQ	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	0.00%	-13.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	—	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-1.61%	0.00%	-1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	—	—

Volatility

Volatility by Period

	IVVB	APRQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.27%	0.00%	+7.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.28%	0.00%	+9.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.28%	0.00%	+9.28%

IVVB vs. APRQ - Expense Ratio Comparison

IVVB has a 0.50% expense ratio, which is lower than APRQ's 0.79% expense ratio.

Dividends

IVVB vs. APRQ - Dividend Comparison

IVVB's dividend yield for the trailing twelve months is around 1.17%, while APRQ has not paid dividends to shareholders.

Position	TTM	2025	2024
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%	0.00%	0.00%
IVVB iShares Large Cap Deep Buffer ETF	1.17%	1.22%	0.87%

Frequently Asked Questions

Which ETF is better, IVVB or APRQ?

On fees, IVVB is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVVB or APRQ?

IVVB is cheaper with a 0.50% expense ratio, compared with 0.79% for APRQ.

Which ETF pays a higher dividend yield, IVVB or APRQ?

IVVB has the higher dividend yield at 1.17%, compared with 0.00% for APRQ.

What is the main difference between IVVB and APRQ?

They also come from different issuers: iShares and Innovator. Their fees differ too: 0.50% for IVVB and 0.79% for APRQ.