MSTQ vs. APRD

Last updated Apr 1, 2026

Compare and contrast key facts about LHA Market State Tactical Q ETF (MSTQ) and Innovator Premium Income 10 Barrier ETF - April (APRD).

MSTQ and APRD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTQ is an actively managed fund by Little Harbor Advisors. It was launched on Mar 14, 2022. APRD is an actively managed fund by Innovator. It was launched on Mar 31, 2023.

Performance

MSTQ vs. APRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Market State Tactical Q ETF (MSTQ) and Innovator Premium Income 10 Barrier ETF - April (APRD). The values are adjusted to include any dividend payments, if applicable.

MSTQ vs. APRD - Yearly Performance Comparison

	2026 (YTD)
MSTQ LHA Market State Tactical Q ETF	-4.57%
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%

Returns By Period

MSTQ

• 1D: 2.40%
• 1M: -4.26%
• YTD: -5.71%
• 6M: -4.78%
• 1Y: 23.75%
• 3Y*: 18.23%
• 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)

MSTQ vs. APRD - Expense Ratio Comparison

MSTQ has a 1.59% expense ratio, which is higher than APRD's 0.79% expense ratio.

MSTQ

LHA Market State Tactical Q ETF

APRD

Innovator Premium Income 10 Barrier ETF - April

Return for Risk

MSTQ vs. APRD — Risk / Return Rank

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

MSTQ

MSTQ Risk / Return Rank: 74
MSTQ Sharpe Ratio Rank: 78
MSTQ Sortino Ratio Rank: 81
MSTQ Omega Ratio Rank: 73
MSTQ Calmar Ratio Rank: 73
MSTQ Martin Ratio Rank: 63

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.

MSTQ vs. APRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Market State Tactical Q ETF (MSTQ) 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.

	MSTQ	APRD	Difference
Sharpe ratio Return per unit of total volatility	1.46	—	—
Sortino ratio Return per unit of downside risk	2.12	—	—
Omega ratio Gain probability vs. loss probability	1.28	—	—
Calmar ratio Return relative to maximum drawdown	1.91	—	—
Martin ratio Return relative to average drawdown	6.30	—	—
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

	MSTQ	APRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	—	—

Dividends

MSTQ vs. APRD - Dividend Comparison

MSTQ's dividend yield for the trailing twelve months is around 14.81%, while APRD has not paid dividends to shareholders.

	TTM	2025	2024	2023
MSTQ LHA Market State Tactical Q ETF	14.81%	13.97%	3.72%	0.77%
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%	0.00%	0.00%	0.00%

Drawdowns

MSTQ vs. APRD - Drawdown Comparison

The maximum MSTQ drawdown since its inception was -31.05%, which is greater than APRD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MSTQ and APRD.

Drawdown Indicators

	MSTQ	APRD	Difference
Max Drawdown Largest peak-to-trough decline	-31.05%	0.00%	-31.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.39%	—	—
Current Drawdown Current decline from peak	-10.29%	0.00%	-10.29%
Average Drawdown Average peak-to-trough decline	-8.91%	0.00%	-8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	—	—

Volatility

Volatility by Period

	MSTQ	APRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.35%	0.00%	+16.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.98%	0.00%	+18.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.98%	0.00%	+18.98%