SHDG vs. APRT

Last updated Apr 1, 2026

Compare and contrast key facts about Soundwatch Hedged Equity ETF (SHDG) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT).

SHDG and APRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHDG is an actively managed fund by SoundWatch Capital. It was launched on Nov 30, 2016. APRT is an actively managed fund by Allianz. It was launched on May 28, 2020.

Performance

SHDG vs. APRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Soundwatch Hedged Equity ETF (SHDG) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). The values are adjusted to include any dividend payments, if applicable.

SHDG vs. APRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHDG Soundwatch Hedged Equity ETF	-4.91%	11.46%	19.66%	17.84%	2.55%
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	2.08%	7.99%	15.15%	22.13%	2.51%

Returns By Period

In the year-to-date period, SHDG achieves a -4.91% return, which is significantly lower than APRT's 2.08% return.

SHDG

• 1D: 0.19%
• 1M: -5.49%
• YTD: -4.91%
• 6M: -2.56%
• 1Y: 10.92%
• 3Y*: 11.83%
• 5Y*: —
• 10Y*: —

APRT

• 1D: 2.34%
• 1M: 0.97%
• YTD: 2.08%
• 6M: 4.40%
• 1Y: 14.62%
• 3Y*: 12.89%
• 5Y*: 9.79%
• 10Y*: —

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

SHDG vs. APRT - Expense Ratio Comparison

SHDG has a 0.53% expense ratio, which is lower than APRT's 0.74% expense ratio.

APRT

AllianzIM U.S. Large Cap Buffer10 Apr ETF

SHDG

Soundwatch Hedged Equity ETF

Return for Risk

SHDG vs. APRT — Risk / Return Rank

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

SHDG

SHDG Risk / Return Rank: 50
SHDG Sharpe Ratio Rank: 46
SHDG Sortino Ratio Rank: 47
SHDG Omega Ratio Rank: 53
SHDG Calmar Ratio Rank: 45
SHDG Martin Ratio Rank: 58

APRT

APRT Risk / Return Rank: 81
APRT Sharpe Ratio Rank: 74
APRT Sortino Ratio Rank: 79
APRT Omega Ratio Rank: 93
APRT Calmar Ratio Rank: 69
APRT Martin Ratio Rank: 90

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.

SHDG vs. APRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Soundwatch Hedged Equity ETF (SHDG) and AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT). 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.

	SHDG	APRT	Difference
Sharpe ratio Return per unit of total volatility	0.84	1.34	-0.50
Sortino ratio Return per unit of downside risk	1.30	2.04	-0.74
Omega ratio Gain probability vs. loss probability	1.20	1.43	-0.23
Calmar ratio Return relative to maximum drawdown	1.19	1.77	-0.58
Martin ratio Return relative to average drawdown	5.73	11.67	-5.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHDG vs. APRT - Sharpe Ratio Comparison

The current SHDG Sharpe Ratio is 0.84, which is lower than the APRT Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of SHDG and APRT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SHDG	APRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	1.34	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.99	+0.20

Correlation

The correlation between SHDG and APRT is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SHDG vs. APRT - Dividend Comparison

SHDG's dividend yield for the trailing twelve months is around 0.52%, while APRT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
SHDG Soundwatch Hedged Equity ETF	0.52%	0.49%	0.62%	1.24%	0.90%	0.00%	0.00%
APRT AllianzIM U.S. Large Cap Buffer10 Apr ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.67%

Drawdowns

SHDG vs. APRT - Drawdown Comparison

The maximum SHDG drawdown since its inception was -15.82%, which is greater than APRT's maximum drawdown of -14.98%. Use the drawdown chart below to compare losses from any high point for SHDG and APRT.

Drawdown Indicators

	SHDG	APRT	Difference
Max Drawdown Largest peak-to-trough decline	-15.82%	-14.98%	-0.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-8.70%	-0.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.98%	—
Current Drawdown Current decline from peak	-6.45%	0.00%	-6.45%
Average Drawdown Average peak-to-trough decline	-1.71%	-2.11%	+0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.32%	+0.55%

Volatility

SHDG vs. APRT - Volatility Comparison

The current volatility for Soundwatch Hedged Equity ETF (SHDG) is 2.78%, while AllianzIM U.S. Large Cap Buffer10 Apr ETF (APRT) has a volatility of 3.02%. This indicates that SHDG experiences smaller price fluctuations and is considered to be less risky than APRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHDG	APRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	3.02%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	6.70%	3.81%	+2.89%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	10.98%	+2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.22%	10.82%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.22%	10.40%	+0.82%