SCRD vs. APRJ

Last updated Jun 4, 2026

SCRD (Janus Henderson Corporate Bond ETF) and APRJ (Innovator Premium Income 30 Barrier ETF - April) are both exchange-traded funds - SCRD is a Corporate Bonds fund actively managed by Janus Henderson, while APRJ is a Options Trading fund actively managed by Innovator. Both are actively managed. Over the past 3 years, SCRD returned 5.54%/yr vs 6.35%/yr for APRJ. At a 0.20 correlation, their price movements are largely independent. SCRD charges 0.35%/yr vs 0.79%/yr for APRJ.

Performance

SCRD vs. APRJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Corporate Bond ETF (SCRD) 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, SCRD achieves a 0.24% return, which is significantly lower than APRJ's 3.18% return.

SCRD

• 1D: -0.21%
• 1M: 0.42%
• YTD: 0.24%
• 6M: 0.13%
• 1Y: 6.25%
• 3Y*: 5.54%
• 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)

SCRD vs. APRJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCRD Janus Henderson Corporate Bond ETF	0.24%	7.77%	3.21%	4.48%
APRJ Innovator Premium Income 30 Barrier ETF - April	3.18%	5.71%	6.24%	5.38%

Correlation

The correlation between SCRD and APRJ is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Apr 4, 2023	0.20

SCRD vs. APRJ - Sectors Allocation Comparison

Sectors	SCRD	APRJ
Financial Services	25.0%	12.4%
Healthcare	12.5%	9.5%
Industrials	8.2%	8.5%
Consumer Defensive	6.6%	5.3%
Consumer Cyclical	5.9%	10.0%
Real Estate	5.8%	2.0%
Technology	4.5%	33.6%
Communication Services	2.4%	10.5%
Energy	2.3%	4.0%
Basic Materials	2.2%	1.9%
Utilities	1.9%	2.5%

Return for Risk

SCRD vs. APRJ — Risk / Return Rank

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

SCRD

SCRD Risk / Return Rank: 47
SCRD Sharpe Ratio Rank: 47
SCRD Sortino Ratio Rank: 50
SCRD Omega Ratio Rank: 47
SCRD Calmar Ratio Rank: 45
SCRD Martin Ratio Rank: 47

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.

SCRD vs. APRJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (SCRD) 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.

	SCRD	APRJ	Difference
Sharpe ratio: Return per unit of total volatility	1.62	4.63	-3.01
Sortino ratio: Return per unit of downside risk	2.41	9.47	-7.05
Omega ratio: Gain probability vs. loss probability	1.29	2.20	-0.90
Calmar ratio: Return relative to maximum drawdown	2.19	34.55	-32.36
Martin ratio: Return relative to average drawdown	7.63	103.47	-95.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCRD vs. APRJ - Sharpe Ratio Comparison

The current SCRD Sharpe Ratio is 1.62, which is lower than the APRJ Sharpe Ratio of 4.63. The chart below compares the historical Sharpe Ratios of SCRD 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

	SCRD	APRJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	4.63	-3.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	1.80	-1.78

Drawdowns

SCRD vs. APRJ - Drawdown Comparison

The maximum SCRD drawdown since its inception was -21.17%, which is greater than APRJ's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for SCRD and APRJ.

Drawdown Indicators

	SCRD	APRJ	Difference
Max Drawdown Largest peak-to-trough decline	-21.17%	-4.68%	-16.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-0.20%	-2.67%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	-4.68%	-2.16%
Current Drawdown Current decline from peak	-0.97%	-0.12%	-0.85%
Average Drawdown Average peak-to-trough decline	-8.77%	-0.12%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.07%	+0.75%

Volatility

SCRD vs. APRJ - Volatility Comparison

Janus Henderson Corporate Bond ETF (SCRD) has a higher volatility of 1.25% compared to Innovator Premium Income 30 Barrier ETF - April (APRJ) at 0.47%. This indicates that SCRD'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

	SCRD	APRJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	0.47%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	1.14%	+1.64%
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	1.50%	+2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	3.63%	+2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.32%	3.63%	+2.69%

SCRD vs. APRJ - Expense Ratio Comparison

SCRD has a 0.35% expense ratio, which is lower than APRJ's 0.79% expense ratio.

Dividends

SCRD vs. APRJ - Dividend Comparison

SCRD's dividend yield for the trailing twelve months is around 5.44%, more than APRJ's 5.27% yield.

Position	TTM	2025	2024	2023	2022	2021
APRJ Innovator Premium Income 30 Barrier ETF - April	5.27%	5.46%	5.88%	4.88%	0.00%	0.00%
SCRD Janus Henderson Corporate Bond ETF	5.44%	5.28%	5.36%	3.99%	2.77%	0.83%

Frequently Asked Questions

Can I hold both SCRD and APRJ in my portfolio?

SCRD and APRJ have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCRD or APRJ?

SCRD has higher volatility (1.25%) compared to APRJ (0.47%). In terms of maximum drawdown, SCRD dropped -21.17% vs APRJ's -4.68%.

Which ETF is better, SCRD or APRJ?

On 3-year performance, APRJ leads with 6.35% vs 5.54% for SCRD. On fees, SCRD is cheaper at 0.35% per year. 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, SCRD or APRJ?

Over the 3-year period, APRJ has performed better with a 6.35% return vs 5.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCRD or APRJ?

SCRD is cheaper with a 0.35% expense ratio, compared with 0.79% for APRJ.

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

SCRD has the higher dividend yield at 5.44%, compared with 5.27% for APRJ.

What is the main difference between SCRD and APRJ?

SCRD is categorized as Corporate Bonds, while APRJ is Options Trading. They also come from different issuers: Janus Henderson and Innovator. Their fees differ too: 0.35% for SCRD and 0.79% for APRJ.

Which has better risk-adjusted returns?

APRJ currently has the higher Sharpe Ratio (4.63 vs 1.62), 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.