LJAN vs. APRQ

Last updated Jun 6, 2026

LJAN (Innovator Premium Income 15 Buffer ETF - January) and APRQ (Innovator Premium Income 40 Barrier ETF - April) are both Options Trading funds from Innovator. Both are actively managed. Both charge a 0.79% expense ratio.

Performance

LJAN vs. APRQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - January (LJAN) and Innovator Premium Income 40 Barrier ETF - April (APRQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LJAN

• 1D: -0.26%
• 1M: 0.41%
• YTD: 2.39%
• 6M: 2.45%
• 1Y: 5.76%
• 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)

LJAN vs. APRQ - Yearly Performance Comparison

	2026 (YTD)
LJAN Innovator Premium Income 15 Buffer ETF - January	1.94%
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%

Return for Risk

LJAN vs. APRQ — Risk / Return Rank

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

LJAN

LJAN Risk / Return Rank: 81
LJAN Sharpe Ratio Rank: 76
LJAN Sortino Ratio Rank: 85
LJAN Omega Ratio Rank: 89
LJAN Calmar Ratio Rank: 68
LJAN Martin Ratio Rank: 89

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.

LJAN vs. APRQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - January (LJAN) 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.

	LJAN	APRQ	Difference
Sharpe ratio: Return per unit of total volatility	2.30	—	—
Sortino ratio: Return per unit of downside risk	3.57	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	3.16	—	—
Martin ratio: Return relative to average drawdown	19.06	—	—
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

	LJAN	APRQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	—	—

Drawdowns

LJAN vs. APRQ - Drawdown Comparison

The maximum LJAN drawdown since its inception was -4.83%, which is greater than APRQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for LJAN and APRQ.

Drawdown Indicators

	LJAN	APRQ	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	0.00%	-4.83%
Max Drawdown (1Y) Largest decline over 1 year	-1.83%	—	—
Current Drawdown Current decline from peak	-0.26%	0.00%	-0.26%
Average Drawdown Average peak-to-trough decline	-0.18%	0.00%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	—	—

Volatility

Volatility by Period

	LJAN	APRQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.52%	0.00%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.99%	0.00%	+3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.99%	0.00%	+3.99%

LJAN vs. APRQ - Expense Ratio Comparison

Both LJAN and APRQ have an expense ratio of 0.79%.

Dividends

LJAN vs. APRQ - Dividend Comparison

LJAN's dividend yield for the trailing twelve months is around 4.98%, 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%
LJAN Innovator Premium Income 15 Buffer ETF - January	4.98%	5.08%	5.59%

Frequently Asked Questions

Which ETF is better, LJAN or APRQ?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LJAN or APRQ?

LJAN and APRQ have the same expense ratio: 0.79% per year.

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

LJAN has the higher dividend yield at 4.98%, compared with 0.00% for APRQ.