SMYY vs. AAPR

Last updated Jun 25, 2026

SMYY (GraniteShares YieldBOOST SMCI ETF) and AAPR (Innovator Equity Defined Protection ETF - 2 Yr To April 2026) are both Options Trading funds. At a 0.40 correlation, their price movements are largely independent. SMYY charges 1.07%/yr vs 0.79%/yr for AAPR.

Performance

SMYY vs. AAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST SMCI ETF (SMYY) and Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMYY achieves a -0.08% return, which is significantly lower than AAPR's 3.29% return.

SMYY

• 1D: -0.34%
• 1M: -3.94%
• YTD: -0.08%
• 6M: -5.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPR

• 1D: 0.01%
• 1M: -0.36%
• YTD: 3.29%
• 6M: 3.31%
• 1Y: 8.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMYY vs. AAPR - Yearly Performance Comparison

	2026 (YTD)	2025
SMYY GraniteShares YieldBOOST SMCI ETF	-0.08%	-27.35%
AAPR Innovator Equity Defined Protection ETF - 2 Yr To April 2026	3.29%	1.81%

Correlation

The correlation between SMYY and AAPR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.40

Return for Risk

SMYY vs. AAPR — Risk / Return Rank

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

SMYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AAPR

AAPR Risk / Return Rank: 96
AAPR Sharpe Ratio Rank: 95
AAPR Sortino Ratio Rank: 97
AAPR Omega Ratio Rank: 96
AAPR Calmar Ratio Rank: 96
AAPR Martin Ratio Rank: 97

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.

SMYY vs. AAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST SMCI ETF (SMYY) and Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SMYY	AAPR	Difference
Sharpe ratio: Return per unit of total volatility	—	3.39	—
Sortino ratio: Return per unit of downside risk	—	5.46	—
Omega ratio: Gain probability vs. loss probability	—	1.77	—
Calmar ratio: Return relative to maximum drawdown	—	8.58	—
Martin ratio: Return relative to average drawdown	—	41.45	—

Drawdowns

SMYY vs. AAPR - Drawdown Comparison

The maximum SMYY drawdown since its inception was -36.84%, which is greater than AAPR's maximum drawdown of -5.99%. Use the drawdown chart below to compare losses from any high point for SMYY and AAPR.

Drawdown Indicators

	SMYY	AAPR	Difference
Max Drawdown Largest peak-to-trough decline	-36.84%	-5.99%	-30.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.96%	—
Current Drawdown Current decline from peak	-33.28%	-0.66%	-32.62%
Average Drawdown Average peak-to-trough decline	-25.57%	-0.45%	-25.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.20%	—

Volatility

Volatility by Period

	SMYY	AAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.08%	2.47%	+29.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.08%	4.80%	+27.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.08%	4.80%	+27.28%

SMYY vs. AAPR - Expense Ratio Comparison

SMYY has a 1.07% expense ratio, which is higher than AAPR's 0.79% expense ratio.

Dividends

SMYY vs. AAPR - Dividend Comparison

SMYY's dividend yield for the trailing twelve months is around 171.46%, while AAPR has not paid dividends to shareholders.

Position	TTM	2025
AAPR Innovator Equity Defined Protection ETF - 2 Yr To April 2026	0.00%	0.00%
SMYY GraniteShares YieldBOOST SMCI ETF	171.46%	53.33%

Frequently Asked Questions

Can I hold both SMYY and AAPR in my portfolio?

SMYY and AAPR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMYY or AAPR?

On fees, AAPR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMYY or AAPR?

AAPR is cheaper with a 0.79% expense ratio, compared with 1.07% for SMYY.

Which ETF pays a higher dividend yield, SMYY or AAPR?

SMYY has the higher dividend yield at 171.46%, compared with 0.00% for AAPR.

What is the main difference between SMYY and AAPR?

They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.07% for SMYY and 0.79% for AAPR.