SMYY vs. AAPR
SMYY (GraniteShares YieldBOOST SMCI ETF) and AAPR (Innovator Equity Defined Protection ETF - 2 Yr To April 2026) are both Options Trading funds. At a 0.38 correlation, their price movements are largely independent. SMYY charges 1.07%/yr vs 0.79%/yr for AAPR.
Performance
SMYY vs. AAPR - Performance Comparison
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Returns By Period
In the year-to-date period, SMYY achieves a 6.70% return, which is significantly higher than AAPR's 3.82% return.
SMYY
- 1D
- -0.53%
- 1M
- 3.58%
- YTD
- 6.70%
- 6M
- -8.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPR
- 1D
- -0.14%
- 1M
- 0.68%
- YTD
- 3.82%
- 6M
- 4.48%
- 1Y
- 9.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMYY vs. AAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMYY GraniteShares YieldBOOST SMCI ETF | 6.70% | -27.52% |
AAPR Innovator Equity Defined Protection ETF - 2 Yr To April 2026 | 3.82% | 1.72% |
Correlation
The correlation between SMYY and AAPR is 0.38, 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 Oct 1, 2025 | 0.38 |
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Return for Risk
SMYY vs. AAPR — Risk / Return Rank
SMYY
AAPR
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SMYY | AAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.98 | 1.73 | -2.71 |
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.
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Drawdown Indicators
| SMYY | AAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.84% | -5.99% | -30.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.81% | — |
Current DrawdownCurrent decline from peak | -28.74% | -0.15% | -28.59% |
Average DrawdownAverage peak-to-trough decline | -25.15% | -0.45% | -24.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.16% | — |
Volatility
SMYY vs. AAPR - Volatility Comparison
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Volatility by Period
| SMYY | AAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.69% | 2.36% | +30.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.69% | 4.81% | +27.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.69% | 4.81% | +27.88% |
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 146.89%, 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 | 146.89% | 53.33% |
Frequently Asked Questions
SMYY and AAPR have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AAPR is cheaper with a 0.79% expense ratio, compared with 1.07% for SMYY.
SMYY has the higher dividend yield at 146.89%, compared with 0.00% for AAPR.
They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.07% for SMYY and 0.79% for AAPR.
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