UNHU vs. APRJ

Last updated Jun 5, 2026

UNHU (Direxion Daily UNH Bull 2X ETF) and APRJ (Innovator Premium Income 30 Barrier ETF - April) are both exchange-traded funds - UNHU is a Leveraged Equities fund actively managed by Direxion, while APRJ is a Options Trading fund actively managed by Innovator. Both are actively managed. At a correlation of -0.23, they often move in opposite directions. UNHU charges 0.97%/yr vs 0.79%/yr for APRJ.

Performance

UNHU vs. APRJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily UNH Bull 2X ETF (UNHU) and Innovator Premium Income 30 Barrier ETF - April (APRJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UNHU

• 1D: 10.16%
• 1M: 17.42%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

APRJ

• 1D: 0.12%
• 1M: 0.70%
• YTD: 3.30%
• 6M: 3.76%
• 1Y: 7.01%
• 3Y*: 6.37%
• 5Y*: —
• 10Y*: —

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

UNHU vs. APRJ - Yearly Performance Comparison

	2026 (YTD)
UNHU Direxion Daily UNH Bull 2X ETF	105.67%
APRJ Innovator Premium Income 30 Barrier ETF - April	2.51%

Correlation

The correlation between UNHU and APRJ is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	-0.23

Return for Risk

UNHU vs. APRJ — Risk / Return Rank

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

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.

UNHU vs. APRJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily UNH Bull 2X ETF (UNHU) 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.

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

Sharpe Ratios by Period

	UNHU	APRJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	57.76	1.81	+55.95

Drawdowns

UNHU vs. APRJ - Drawdown Comparison

The maximum UNHU drawdown since its inception was -11.68%, which is greater than APRJ's maximum drawdown of -4.68%. Use the drawdown chart below to compare losses from any high point for UNHU and APRJ.

Drawdown Indicators

	UNHU	APRJ	Difference
Max Drawdown Largest peak-to-trough decline	-11.68%	-4.68%	-7.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.68%	—
Current Drawdown Current decline from peak	-2.71%	0.00%	-2.71%
Average Drawdown Average peak-to-trough decline	-2.99%	-0.12%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.07%	—

Volatility

Volatility by Period

	UNHU	APRJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	69.61%	1.50%	+68.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.61%	3.63%	+65.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.61%	3.63%	+65.98%

UNHU vs. APRJ - Expense Ratio Comparison

UNHU has a 0.97% expense ratio, which is higher than APRJ's 0.79% expense ratio.

Dividends

UNHU vs. APRJ - Dividend Comparison

UNHU has not paid dividends to shareholders, while APRJ's dividend yield for the trailing twelve months is around 5.26%.

Position	TTM	2025	2024	2023
APRJ Innovator Premium Income 30 Barrier ETF - April	5.26%	5.46%	5.88%	4.88%
UNHU Direxion Daily UNH Bull 2X ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNHU and APRJ in my portfolio?

UNHU and APRJ have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHU or APRJ?

On fees, APRJ 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, UNHU or APRJ?

APRJ is cheaper with a 0.79% expense ratio, compared with 0.97% for UNHU.

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

APRJ has the higher dividend yield at 5.26%, compared with 0.00% for UNHU.

What is the main difference between UNHU and APRJ?

UNHU is categorized as Leveraged Equities, while APRJ is Options Trading. They also come from different issuers: Direxion and Innovator. Their fees differ too: 0.97% for UNHU and 0.79% for APRJ.