LOCT vs. APRD

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Premium Income 15 Buffer ETF - October (LOCT) and Innovator Premium Income 10 Barrier ETF - April (APRD).

LOCT and APRD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LOCT is an actively managed fund by Innovator. It was launched on Sep 29, 2023. APRD is an actively managed fund by Innovator. It was launched on Mar 31, 2023.

Performance

LOCT vs. APRD - Performance Comparison

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

LOCT vs. APRD - Yearly Performance Comparison

	2026 (YTD)
LOCT Innovator Premium Income 15 Buffer ETF - October	-0.48%
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%

Returns By Period

LOCT

• 1D: 0.65%
• 1M: -0.47%
• YTD: -0.01%
• 6M: 1.55%
• 1Y: 4.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APRD

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

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

LOCT vs. APRD - Expense Ratio Comparison

Both LOCT and APRD have an expense ratio of 0.79%.

LOCT

Innovator Premium Income 15 Buffer ETF - October

APRD

Innovator Premium Income 10 Barrier ETF - April

Return for Risk

LOCT vs. APRD — Risk / Return Rank

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

LOCT

LOCT Risk / Return Rank: 59
LOCT Sharpe Ratio Rank: 48
LOCT Sortino Ratio Rank: 51
LOCT Omega Ratio Rank: 78
LOCT Calmar Ratio Rank: 41
LOCT Martin Ratio Rank: 76

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.

LOCT vs. APRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - October (LOCT) and Innovator Premium Income 10 Barrier ETF - April (APRD). 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.

	LOCT	APRD	Difference
Sharpe ratio Return per unit of total volatility	0.89	—	—
Sortino ratio Return per unit of downside risk	1.39	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	1.10	—	—
Martin ratio Return relative to average drawdown	8.32	—	—
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

	LOCT	APRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	—	—

Dividends

LOCT vs. APRD - Dividend Comparison

LOCT's dividend yield for the trailing twelve months is around 5.21%, while APRD has not paid dividends to shareholders.

	TTM	2025	2024	2023
LOCT Innovator Premium Income 15 Buffer ETF - October	5.21%	5.12%	6.27%	1.64%
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%	0.00%	0.00%	0.00%

Drawdowns

LOCT vs. APRD - Drawdown Comparison

The maximum LOCT drawdown since its inception was -4.69%, which is greater than APRD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for LOCT and APRD.

Drawdown Indicators

	LOCT	APRD	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	0.00%	-4.69%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	—	—
Current Drawdown Current decline from peak	-0.58%	0.00%	-0.58%
Average Drawdown Average peak-to-trough decline	-0.15%	0.00%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	—	—

Volatility

Volatility by Period

	LOCT	APRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.43%	0.00%	+5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.69%	0.00%	+3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.69%	0.00%	+3.69%