Skip to Content
ETFs

Innovator Premium Income 10 Barrier ETF - April

APRD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 01 2023
Expense Ratio
0.79%
Type
US Diversified
Fund Owner
Innovator Management
Volume (1m avg. daily)
$247,276
AUM
$8,816,500
Associated Index
S&P 500 Index / U.S. Treasury bills
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 03/21/2024
96.10%
n/a
SPX 03/28/2024 3656.95 P
16.88%
n/a
UNITED STATES TREAS BILLS 06/29/2023
2.26%
n/a
UNITED STATES TREAS BILLS 09/28/2023
2.23%
n/a
UNITED STATES TREAS BILLS 12/28/2023
2.21%
n/a
Cash & Other
0.08%
n/a
XSP 03/28/2024 369.8 P
-0.60%
n/a
SPX 03/28/2024 3698.04 P
-19.17%
Invest with APRD

What is APRD?

The Fund invests in FLexible Exchange Options (FLEX Options) that reference the S&P 500 Price Return Index (the U.S. Equity Index) and U.S. Treasury bills (U.S. Treasuries) to employ an income-oriented defined outcome strategy. Defined outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The outcomes sought by the Fund, which include the defined distributions and barrier discussed below (the Outcomes), are contingent on the performance of the U.S. Equity Index price return and the yield of the U.S. Treasuries over an approximately one-year period from April 1 through March 31 of the following year (the Outcome Period).

ETFs related toAPRD

ETFs correlated to APRD include DJUN, ITOT, BBUS

APRD
Innovator ETFs Trust - Innovator Premium Income 10 Barrier ETF - April
DJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - June
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
BBUS
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Equity ETF
ILCB
BlackRock Institutional Trust Company N.A. - iShares Morningstar U.S. Equity ETF
FMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - May
IWV
BlackRock Institutional Trust Company N.A. - iShares Russell 3000 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
JANT
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer10 Jan ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
STRV
EA Series Trust - Strive 500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

APRD is a US Diversified ETF. The Fund invests in FLexible Exchange Options (FLEX Options) that reference the S&P 500 Price Return Index (the U.S. Equity Index) and U.S. Treasury bills (U.S. Treasuries) to employ an income-oriented defined outcome strategy. Defined outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The outcomes sought by the Fund, which include the defined distributions and barrier discussed below (the Outcomes), are contingent on the performance of the U.S. Equity Index price return and the yield of the U.S. Treasuries over an approximately one-year period from April 1 through March 31 of the following year (the Outcome Period).

APRD tracks the S&P 500 Index / U.S. Treasury bills.

No, APRD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, APRD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on APRD is 0.0202%. This is the percent change in the value of APRD over the most recent 1-month period. The 3-month return on APRD is %. This is the percent change in the value of APRD over the most recent 3-month period.

ETFs similar to APRD include APRQ, APRJ, and APRH.

ETFs correlated to APRD include DJUN, ITOT, and BBUS.

ETFs that are inversely correlated to APRD include SPDN, SH, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.