JULQ vs. APRW

Last updated Jun 4, 2026

JULQ (Innovator Premium Income 40 Barrier ETF - July) and APRW (AllianzIM U.S. Large Cap Buffer20 Apr ETF) are both Options Trading funds. Both are actively managed. JULQ charges 0.79%/yr vs 0.74%/yr for APRW.

Performance

JULQ vs. APRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - July (JULQ) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JULQ

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

APRW

• 1D: -0.09%
• 1M: 1.28%
• YTD: 6.27%
• 6M: 7.02%
• 1Y: 12.59%
• 3Y*: 10.31%
• 5Y*: 7.12%
• 10Y*: —

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

JULQ vs. APRW - Yearly Performance Comparison

	2026 (YTD)
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	5.57%

JULQ vs. APRW - Sectors Allocation Comparison

Sectors	JULQ	APRW
Technology	31.7%	36.2%
Financial Services	14.0%	11.9%
Healthcare	10.9%	8.4%
Consumer Cyclical	10.4%	10.1%
Communication Services	9.5%	10.9%
Industrials	7.7%	8.1%
Consumer Defensive	6.2%	4.9%
Energy	3.2%	3.5%
Utilities	2.6%	2.3%
Real Estate	2.3%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

JULQ vs. APRW — Risk / Return Rank

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

APRW

APRW Risk / Return Rank: 98
APRW Sharpe Ratio Rank: 97
APRW Sortino Ratio Rank: 98
APRW Omega Ratio Rank: 98
APRW Calmar Ratio Rank: 98
APRW Martin Ratio Rank: 98

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.

JULQ vs. APRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - July (JULQ) and AllianzIM U.S. Large Cap Buffer20 Apr ETF (APRW). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JULQ	APRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.83	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.15	—

Drawdowns

JULQ vs. APRW - Drawdown Comparison

The maximum JULQ drawdown since its inception was 0.00%, smaller than the maximum APRW drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for JULQ and APRW.

Drawdown Indicators

	JULQ	APRW	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-9.61%	+9.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.75%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.61%	—
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	0.00%	-1.12%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.15%	—

Volatility

Volatility by Period

	JULQ	APRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	2.62%	-2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	6.72%	-6.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	6.41%	-6.41%

JULQ vs. APRW - Expense Ratio Comparison

JULQ has a 0.79% expense ratio, which is higher than APRW's 0.74% expense ratio.

Dividends

JULQ vs. APRW - Dividend Comparison

Neither JULQ nor APRW has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
APRW AllianzIM U.S. Large Cap Buffer20 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.67%
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, JULQ or APRW?

On fees, APRW is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULQ or APRW?

APRW is cheaper with a 0.74% expense ratio, compared with 0.79% for JULQ.

Which ETF pays a higher dividend yield, JULQ or APRW?

JULQ and APRW have nearly identical dividend yields, around 0.00%.

What is the main difference between JULQ and APRW?

They also come from different issuers: Innovator and Allianz. Their fees differ too: 0.79% for JULQ and 0.74% for APRW.