QTOC vs. APRJ

Last updated Jun 4, 2026

QTOC (Innovator Growth Accelerated Plus ETF - October) and APRJ (Innovator Premium Income 30 Barrier ETF - April) are both Options Trading funds from Innovator. Both are actively managed. Over the past 3 years, QTOC returned 19.15%/yr vs 6.35%/yr for APRJ. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.79% expense ratio.

Performance

QTOC vs. APRJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - October (QTOC) and Innovator Premium Income 30 Barrier ETF - April (APRJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTOC achieves a 10.79% return, which is significantly higher than APRJ's 3.18% return.

QTOC

• 1D: -0.08%
• 1M: 3.29%
• YTD: 10.79%
• 6M: 10.99%
• 1Y: 22.99%
• 3Y*: 19.15%
• 5Y*: —
• 10Y*: —

APRJ

• 1D: -0.10%
• 1M: 0.70%
• YTD: 3.18%
• 6M: 3.64%
• 1Y: 6.91%
• 3Y*: 6.35%
• 5Y*: —
• 10Y*: —

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

QTOC vs. APRJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QTOC Innovator Growth Accelerated Plus ETF - October	10.79%	16.79%	14.90%	19.32%
APRJ Innovator Premium Income 30 Barrier ETF - April	3.18%	5.71%	6.24%	5.38%

Correlation

The correlation between QTOC and APRJ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023	0.47

QTOC vs. APRJ - Sectors Allocation Comparison

Sectors	QTOC	APRJ
Technology	54.2%	33.6%
Communication Services	15.5%	10.5%
Consumer Cyclical	12.2%	10.0%
Consumer Defensive	7.6%	5.3%
Healthcare	4.2%	9.5%
Industrials	2.8%	8.5%
Utilities	1.4%	2.5%
Basic Materials	1.2%	1.9%
Energy	0.6%	4.0%
Financial Services	0.2%	12.4%
Real Estate	0.1%	2.0%

Return for Risk

QTOC vs. APRJ — Risk / Return Rank

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

QTOC

QTOC Risk / Return Rank: 58
QTOC Sharpe Ratio Rank: 55
QTOC Sortino Ratio Rank: 56
QTOC Omega Ratio Rank: 65
QTOC Calmar Ratio Rank: 49
QTOC Martin Ratio Rank: 65

APRJ

APRJ Risk / Return Rank: 98
APRJ Sharpe Ratio Rank: 97
APRJ Sortino Ratio Rank: 99
APRJ Omega Ratio Rank: 98
APRJ Calmar Ratio Rank: 99
APRJ Martin Ratio Rank: 99

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.

QTOC vs. APRJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - October (QTOC) and Innovator Premium Income 30 Barrier ETF - April (APRJ). 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.

	QTOC	APRJ	Difference
Sharpe ratio: Return per unit of total volatility	1.85	4.63	-2.78
Sortino ratio: Return per unit of downside risk	2.66	9.47	-6.81
Omega ratio: Gain probability vs. loss probability	1.39	2.20	-0.81
Calmar ratio: Return relative to maximum drawdown	2.40	34.55	-32.16
Martin ratio: Return relative to average drawdown	11.68	103.47	-91.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTOC vs. APRJ - Sharpe Ratio Comparison

The current QTOC Sharpe Ratio is 1.85, which is lower than the APRJ Sharpe Ratio of 4.63. The chart below compares the historical Sharpe Ratios of QTOC and APRJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QTOC	APRJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	4.63	-2.78
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.80	-1.31

Drawdowns

QTOC vs. APRJ - Drawdown Comparison

The maximum QTOC drawdown since its inception was -33.43%, which is greater than APRJ's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for QTOC and APRJ.

Drawdown Indicators

	QTOC	APRJ	Difference
Max Drawdown Largest peak-to-trough decline	-33.43%	-4.68%	-28.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-0.20%	-9.43%
Max Drawdown (3Y) Largest decline over 3 years	-21.24%	-4.68%	-16.56%
Current Drawdown Current decline from peak	-0.16%	-0.12%	-0.04%
Average Drawdown Average peak-to-trough decline	-8.50%	-0.12%	-8.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	0.07%	+1.90%

Volatility

QTOC vs. APRJ - Volatility Comparison

Innovator Growth Accelerated Plus ETF - October (QTOC) has a higher volatility of 1.26% compared to Innovator Premium Income 30 Barrier ETF - April (APRJ) at 0.47%. This indicates that QTOC's price experiences larger fluctuations and is considered to be riskier than APRJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTOC	APRJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	0.47%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	1.14%	+9.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	1.50%	+10.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	3.63%	+16.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	3.63%	+16.14%

QTOC vs. APRJ - Expense Ratio Comparison

Both QTOC and APRJ have an expense ratio of 0.79%.

Dividends

QTOC vs. APRJ - Dividend Comparison

QTOC has not paid dividends to shareholders, while APRJ's dividend yield for the trailing twelve months is around 5.27%.

Position	TTM	2025	2024	2023
APRJ Innovator Premium Income 30 Barrier ETF - April	5.27%	5.46%	5.88%	4.88%
QTOC Innovator Growth Accelerated Plus ETF - October	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QTOC and APRJ in my portfolio?

QTOC and APRJ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTOC or APRJ?

QTOC has higher volatility (1.26%) compared to APRJ (0.47%). In terms of maximum drawdown, QTOC dropped -33.43% vs APRJ's -4.68%.

Which ETF is better, QTOC or APRJ?

On 3-year performance, QTOC leads with 19.15% vs 6.35% for APRJ. Both ETFs have the same 0.79% expense ratio. On volatility, APRJ has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTOC or APRJ?

Over the 3-year period, QTOC has performed better with a 19.15% return vs 6.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTOC or APRJ?

QTOC and APRJ have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, QTOC or APRJ?

APRJ has the higher dividend yield at 5.27%, compared with 0.00% for QTOC.

Which has better risk-adjusted returns?

APRJ currently has the higher Sharpe Ratio (4.63 vs 1.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.