APRQ vs ARLU
Innovator Premium Income 40 Barrier ETF - April vs AllianzIM US Equity Buffer15 Uncapped Apr ETF
Which is better, APRQ or ARLU?
ARLU has been ahead.
ARLU has a lower expense ratio. ARLU led over 1Y.
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 | APRQ | ARLU |
|---|---|---|
| Expense Ratio | 0.79% | 0.74%Best |
| AUM | $18M | $56M |
| Dividend Yield | 5.07% | 0.00% |
| Holdings | 5 | 12 |
| Volatility (annualized) | 2.1%Best | 10.3% |
| Fund Family | Innovator ETFs Trust | AllianzIM |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 3, 2023 | Mar 28, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
The two price series end 561 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. APRQ has data through Apr 1, 2025 and ARLU through Oct 14, 2026.
Risk: Volatility and Drawdowns
ARLU has been the more volatile fund, with annualized monthly volatility of 10.3% compared with 2.1% for APRQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
APRQ charges 0.79% per year while ARLU charges 0.74%. On a $10,000 position that is $79 vs $74 annually, a gap of $5 per year that compounds over a long holding period. On income, APRQ currently yields 5.07% against 0.00% for ARLU.
You are not choosing between two funds in isolation.
Whichever of APRQ and ARLU 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, APRQ or ARLU?
APRQ has an expense ratio of 0.79% while ARLU charges 0.74%. ARLU is the cheaper option, by $5 a year on a $10,000 investment.
Which is riskier, APRQ or ARLU?
ARLU has been the more volatile fund at 10.3% annualized versus 2.1% for APRQ.
Should I hold both APRQ and ARLU?
APRQ and ARLU have a monthly-return correlation of 0.89, 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, APRQ or ARLU?
APRQ yields 5.07% while ARLU yields 0.00%, so APRQ currently pays the higher dividend yield.
Is ARLU better than APRQ?
ARLU has a lower expense ratio. ARLU led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.