APRJ vs BNOV
Innovator Premium Income 30 Barrier ETF - April vs Innovator US Equity Buffer ETF - November
Which is better, APRJ or BNOV?
BNOV has been ahead.
BNOV led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APRJ | BNOV |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $27M | $201M |
| Dividend Yield | 5.28% | 0.00% |
| Holdings | 24 | 18 |
| YTD Return | +0.08% | +11.13%Best |
| 1Y Return | -0.08% | +13.58%Best |
| 3Y Return (annualized) | +3.48% | +13.95%Best |
| 5Y Return (annualized) | - | +8.95% |
| Volatility (annualized) | 2.4%Best | 8.8% |
| Max Drawdown | -4.7%Best | -13.7% |
| $10,000 over 3.5 years | $11,510 | $15,529Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 3, 2023 | Nov 1, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Apr 3, 2023 to Oct 14, 2026 (3.5 years).
APRJ vs BNOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.5 years both funds cover.
APRJ vs BNOV Performance
Innovator Premium Income 30 Barrier ETF - April (APRJ) is an ETF from Innovator ETFs Trust and Innovator US Equity Buffer ETF - November (BNOV) is an ETF from Innovator ETFs Trust. Over the past year APRJ returned -0.08% while BNOV returned +13.58%. Year to date, APRJ is up 0.08% versus a gain of 11.13% for BNOV.
Over three years, APRJ compounded at +3.48% per year against +13.95% for BNOV. Across the full 4-year window we track, BNOV has the edge at +13.40% annualized vs +4.10%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BNOV has been the more volatile fund, with annualized monthly volatility of 8.8% compared with 2.4% for APRJ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.7% for APRJ and -13.7% for BNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.56. They move together some of the time, and apart the rest.
Fees and Cost Over Time
APRJ charges 0.79% per year while BNOV charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, APRJ currently yields 5.28% against 0.00% for BNOV.
You are not choosing between two funds in isolation.
Whichever of APRJ and BNOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APRJ or BNOV?
APRJ has an expense ratio of 0.79% while BNOV charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, APRJ or BNOV?
Over the past year APRJ returned -0.08% vs +13.58% for BNOV, so BNOV leads on 1-year performance. Over the longest common window we track (4 years), APRJ annualized +4.10% vs +13.40% for BNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APRJ or BNOV?
BNOV has been the more volatile fund at 8.8% annualized versus 2.4% for APRJ. Worst drawdown: APRJ -4.7% vs BNOV -13.7%.
Should I hold both APRJ and BNOV?
APRJ and BNOV have a monthly-return correlation of 0.56, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, APRJ or BNOV?
APRJ yields 5.28% while BNOV yields 0.00%, so APRJ currently pays the higher dividend yield.
Is BNOV better than APRJ?
BNOV led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.