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AAPR vs HDV

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

AAPR

Innovator Equity Defined Protection ETF - 2 Yr to April 2026

Annual cost

0.79%

Fund size

$52M

HDV

iShares Core High Dividend ETF

Annual cost

0.08%

Fund size

$13.6B

Key differences

  • HDV costs 0.71% less per year.
  • HDV is significantly larger than AAPR — larger funds tend to be more liquid and less likely to close.
  • AAPR is classified as alternative, while HDV is equity — different risk/return profiles.
  • AAPR follows a structured outcome strategy; HDV uses index tracking.
  • HDV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AAPRHDV
Annual cost (TER)0.79%0.08%
Fund size (AUM)$52M$13.6B
Since20242011
Dividend yield0.00%2.88%
Asset classalternativeequity
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+11.0%+23.7%
CAGR 3YN/A+15.5%
CAGR 5YN/A+11.0%
Sharpe 3YN/A1.02
Volatility 1Y2.44%9.65%
Max drawdown-5.99%-37.04%

Similar to AAPR and HDV