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ETFs

Innovator Preium Income 40 Barrier ETF - April

APRQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 01 2023
Expense Ratio
0.79%
Type
US Diversified
Fund Owner
Innovator Management
Volume (1m avg. daily)
$517,460
AUM
$36,683,250
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
96.46%
n/a
SPX 03/28/2024 2424.27 P
11.24%
n/a
UNITED STATES TREAS BILLS 06/29/2023
1.35%
n/a
UNITED STATES TREAS BILLS 09/28/2023
1.34%
n/a
UNITED STATES TREAS BILLS 12/28/2023
1.33%
n/a
Cash & Other
0.13%
n/a
XSP 03/28/2024 246.54 P
-0.10%
n/a
SPX 03/28/2024 2465.36 P
-11.76%
Invest with APRQ

What is APRQ?

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 toAPRQ

ETFs correlated to APRQ include SVXY, SVOL, SVIX

APRQ
Innovator ETFs Trust - Innovator Premium Income 40 Barrier ETF - April
SVXY
ProShares Trust - ProShares Short VIX Short-Term Futures ETF -1x Shares
SVOL
Simplify Exchange Traded Funds - Simplify Volatility Premium ETF
SVIX
Volatility Shares Trust - 1x Short VIX Futures ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
NTSX
WisdomTree Trust - WisdomTree U.S. Efficient Core Fund
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
PBUS
Invesco Capital Management LLC - Invesco PureBeta SM MSCI USA ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target 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.

Automated Strategies
Related toAPRQ

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with APRQ using Composer

FAQ

APRQ 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).

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

No, APRQ 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, APRQ 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 APRQ is 0.0096%. This is the percent change in the value of APRQ over the most recent 1-month period. The 3-month return on APRQ is %. This is the percent change in the value of APRQ over the most recent 3-month period.

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

ETFs correlated to APRQ include SVXY, SVOL, and SVIX.

ETFs that are inversely correlated to APRQ include UVXY, VXX, and UVIX.

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.