QBUL vs. APRQ

Last updated Apr 4, 2026

Compare and contrast key facts about TrueShares Quarterly Bull Hedge ETF (QBUL) and Innovator Premium Income 40 Barrier ETF - April (APRQ).

QBUL and APRQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QBUL is an actively managed fund by TrueShares. It was launched on Jun 28, 2024. APRQ is an actively managed fund by Innovator. It was launched on Mar 31, 2023.

Performance

QBUL vs. APRQ - Performance Comparison

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

QBUL vs. APRQ - Yearly Performance Comparison

	2026 (YTD)
QBUL TrueShares Quarterly Bull Hedge ETF	-0.27%
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%

Returns By Period

QBUL

• 1D: 0.04%
• 1M: -0.02%
• YTD: -0.62%
• 6M: -1.38%
• 1Y: 4.20%
• 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)

QBUL vs. APRQ - Expense Ratio Comparison

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

QBUL

TrueShares Quarterly Bull Hedge ETF

APRQ

Innovator Premium Income 40 Barrier ETF - April

Return for Risk

QBUL vs. APRQ — Risk / Return Rank

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

QBUL

QBUL Risk / Return Rank: 47
QBUL Sharpe Ratio Rank: 59
QBUL Sortino Ratio Rank: 60
QBUL Omega Ratio Rank: 49
QBUL Calmar Ratio Rank: 41
QBUL Martin Ratio Rank: 27

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.

QBUL vs. APRQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Quarterly Bull Hedge ETF (QBUL) 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.

	QBUL	APRQ	Difference
Sharpe ratio Return per unit of total volatility	1.10	—	—
Sortino ratio Return per unit of downside risk	1.62	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.41	—	—
Martin ratio Return relative to average drawdown	2.91	—	—
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

	QBUL	APRQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	—	—

Dividends

QBUL vs. APRQ - Dividend Comparison

QBUL's dividend yield for the trailing twelve months is around 9.00%, while APRQ has not paid dividends to shareholders.

	TTM	2025	2024
QBUL TrueShares Quarterly Bull Hedge ETF	9.00%	8.94%	1.82%
APRQ Innovator Premium Income 40 Barrier ETF - April	0.00%	0.00%	0.00%

Drawdowns

QBUL vs. APRQ - Drawdown Comparison

The maximum QBUL drawdown since its inception was -2.45%, which is greater than APRQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QBUL and APRQ.

Drawdown Indicators

	QBUL	APRQ	Difference
Max Drawdown Largest peak-to-trough decline	-2.45%	0.00%	-2.45%
Max Drawdown (1Y) Largest decline over 1 year	-2.45%	—	—
Current Drawdown Current decline from peak	-2.08%	0.00%	-2.08%
Average Drawdown Average peak-to-trough decline	-1.00%	0.00%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	—	—

Volatility

Volatility by Period

	QBUL	APRQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	0.00%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.78%	0.00%	+3.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.78%	0.00%	+3.78%