SEPZ vs. APRH
Compare and contrast key facts about TrueShares Structured Outcome (September) ETF (SEPZ) and Innovator Premium Income 20 Barrier ETF - April (APRH).
SEPZ and APRH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SEPZ is a passively managed fund by TrueShares that tracks the performance of the Cboe S&P 500 Buffer Protect Index September. It was launched on Aug 31, 2020. APRH is an actively managed fund by Innovator. It was launched on Mar 31, 2023.
Performance
SEPZ vs. APRH - Performance Comparison
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SEPZ vs. APRH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SEPZ TrueShares Structured Outcome (September) ETF | -3.90% | 13.18% | 18.23% | 11.94% |
APRH Innovator Premium Income 20 Barrier ETF - April | 0.87% | 5.84% | 6.91% | 6.96% |
Returns By Period
In the year-to-date period, SEPZ achieves a -3.90% return, which is significantly lower than APRH's 0.87% return.
SEPZ
- 1D
- 2.19%
- 1M
- -3.68%
- YTD
- -3.90%
- 6M
- -1.98%
- 1Y
- 12.38%
- 3Y*
- 13.04%
- 5Y*
- 9.81%
- 10Y*
- —
APRH
- 1D
- -0.00%
- 1M
- 0.28%
- YTD
- 0.87%
- 6M
- 1.15%
- 1Y
- 5.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SEPZ vs. APRH - Expense Ratio Comparison
SEPZ has a 0.80% expense ratio, which is higher than APRH's 0.79% expense ratio.
Return for Risk
SEPZ vs. APRH — Risk / Return Rank
SEPZ
APRH
SEPZ vs. APRH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (September) ETF (SEPZ) and Innovator Premium Income 20 Barrier ETF - April (APRH). 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.
| SEPZ | APRH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 0.81 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.26 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.96 | +0.39 |
Martin ratioReturn relative to average drawdown | 6.37 | 6.35 | +0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SEPZ | APRH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.81 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.50 | -0.62 |
Correlation
The correlation between SEPZ and APRH is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SEPZ vs. APRH - Dividend Comparison
SEPZ's dividend yield for the trailing twelve months is around 2.28%, less than APRH's 5.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SEPZ TrueShares Structured Outcome (September) ETF | 2.28% | 2.20% | 3.62% | 3.55% | 0.69% | 0.05% |
APRH Innovator Premium Income 20 Barrier ETF - April | 5.55% | 5.49% | 6.87% | 5.90% | 0.00% | 0.00% |
Drawdowns
SEPZ vs. APRH - Drawdown Comparison
The maximum SEPZ drawdown since its inception was -15.22%, which is greater than APRH's maximum drawdown of -5.87%. Use the drawdown chart below to compare losses from any high point for SEPZ and APRH.
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Drawdown Indicators
| SEPZ | APRH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.22% | -5.87% | -9.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -5.83% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -15.22% | — | — |
Current DrawdownCurrent decline from peak | -5.27% | -0.21% | -5.06% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -0.22% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.89% | +1.11% |
Volatility
SEPZ vs. APRH - Volatility Comparison
TrueShares Structured Outcome (September) ETF (SEPZ) has a higher volatility of 3.95% compared to Innovator Premium Income 20 Barrier ETF - April (APRH) at 0.59%. This indicates that SEPZ's price experiences larger fluctuations and is considered to be riskier than APRH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEPZ | APRH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 0.59% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 1.56% | +5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 6.89% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.30% | 4.62% | +7.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 4.62% | +7.91% |