MRCP vs. APRD

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and Innovator Premium Income 10 Barrier ETF - April (APRD).

MRCP and APRD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MRCP is an actively managed fund by PGIM. It was launched on Feb 29, 2024. APRD is an actively managed fund by Innovator. It was launched on Mar 31, 2023.

Performance

MRCP vs. APRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and Innovator Premium Income 10 Barrier ETF - April (APRD). The values are adjusted to include any dividend payments, if applicable.

MRCP vs. APRD - Yearly Performance Comparison

	2026 (YTD)
MRCP PGIM US Large-Cap Buffer 12 ETF - March	-2.10%
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%

Returns By Period

MRCP

• 1D: 1.86%
• 1M: -2.94%
• YTD: -1.03%
• 6M: 1.61%
• 1Y: 13.32%
• 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)

MRCP vs. APRD - Expense Ratio Comparison

MRCP has a 0.50% expense ratio, which is lower than APRD's 0.79% expense ratio.

APRD

Innovator Premium Income 10 Barrier ETF - April

MRCP

PGIM US Large-Cap Buffer 12 ETF - March

Return for Risk

MRCP vs. APRD — Risk / Return Rank

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

MRCP

MRCP Risk / Return Rank: 72
MRCP Sharpe Ratio Rank: 66
MRCP Sortino Ratio Rank: 69
MRCP Omega Ratio Rank: 80
MRCP Calmar Ratio Rank: 63
MRCP Martin Ratio Rank: 83

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.

MRCP vs. APRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM US Large-Cap Buffer 12 ETF - March (MRCP) 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.

	MRCP	APRD	Difference
Sharpe ratio Return per unit of total volatility	1.19	—	—
Sortino ratio Return per unit of downside risk	1.79	—	—
Omega ratio Gain probability vs. loss probability	1.32	—	—
Calmar ratio Return relative to maximum drawdown	1.65	—	—
Martin ratio Return relative to average drawdown	9.54	—	—
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

	MRCP	APRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	—	—

Dividends

MRCP vs. APRD - Dividend Comparison

Neither MRCP nor APRD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MRCP vs. APRD - Drawdown Comparison

The maximum MRCP drawdown since its inception was -10.73%, which is greater than APRD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MRCP and APRD.

Drawdown Indicators

	MRCP	APRD	Difference
Max Drawdown Largest peak-to-trough decline	-10.73%	0.00%	-10.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	—	—
Current Drawdown Current decline from peak	-3.04%	0.00%	-3.04%
Average Drawdown Average peak-to-trough decline	-0.81%	0.00%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	—	—

Volatility

Volatility by Period

	MRCP	APRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	0.00%	+11.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.48%	0.00%	+9.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.48%	0.00%	+9.48%