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AAPR vs DVY

Innovator Equity Defined Protection ETF - 2 Yr to April 2026 vs iShares Select Dividend ETF

AAPR

Innovator Equity Defined Protection ETF - 2 Yr to April 2026

Annual cost

0.79%

Fund size

$52M

DVY

iShares Select Dividend ETF

Annual cost

0.38%

Fund size

$22.9B

Key differences

  • DVY costs 0.41% less per year.
  • DVY is significantly larger than AAPR — larger funds tend to be more liquid and less likely to close.
  • AAPR is classified as alternative, while DVY is equity — different risk/return profiles.
  • AAPR follows a structured outcome strategy; DVY uses index tracking.
  • DVY has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AAPRDVY
Annual cost (TER)0.79%0.38%
Fund size (AUM)$52M$22.9B
Since20242003
Dividend yield0.00%3.38%
Asset classalternativeequity
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+11.0%+23.7%
CAGR 3YN/A+16.0%
CAGR 5YN/A+9.0%
Sharpe 3YN/A0.89
Volatility 1Y2.44%11.23%
Max drawdown-5.99%-41.59%

Similar to AAPR and DVY