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Innovator Premium Income 20 Barrier ETF - April

APRH
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 01 2023
Expense Ratio
0.79%
Type
US Diversified
Fund Owner
Innovator Management
Volume (1m avg. daily)
$675,645
AUM
$30,686,250
Associated Index
S&P 500 Index / U.S. Treasury bills
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 03/21/2024
96.31%
n/a
SPX 03/28/2024 3246.05 P
17.87%
n/a
UNITED STATES TREAS BILLS 06/29/2023
1.94%
n/a
UNITED STATES TREAS BILLS 09/28/2023
1.91%
n/a
UNITED STATES TREAS BILLS 12/28/2023
1.90%
n/a
Cash & Other
0.07%
n/a
XSP 03/28/2024 328.71 P
-0.32%
n/a
SPX 03/28/2024 3287.14 P
-19.69%
Invest with APRH

What is APRH?

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 toAPRH

ETFs correlated to APRH include PJAN, SPYI, FMAY

APRH
Innovator ETFs Trust - Innovator Premium Income 20 Barrier ETF - April
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
SPYI
SHP ETF Trust - NEOS S&P 500 High Income ETF
FMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - May
PNOV
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - November
BUFF
Innovator ETFs Trust II - Innovator Laddered Allocation Power Buffer ETF
DJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - June
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
PBUS
Invesco Capital Management LLC - Invesco PureBeta SM MSCI USA ETF
PAPR
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - April
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares

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

APRH 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).

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

No, APRH 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, APRH 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 APRH is 0.0172%. This is the percent change in the value of APRH over the most recent 1-month period. The 3-month return on APRH is %. This is the percent change in the value of APRH over the most recent 3-month period.

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

ETFs correlated to APRH include PJAN, SPYI, and FMAY.

ETFs that are inversely correlated to APRH include SH, SPDN, and SDS.

Disclaimers

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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.