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AAPR vs SPHD

Innovator Equity Defined Protection ETF - 2 Yr to April 2026 vs Invesco S&P 500 High Dividend Low Volatility ETF

AAPR

Innovator Equity Defined Protection ETF - 2 Yr to April 2026

Innovator ETFs

Annual cost

0.79%

Fund size

$52M

SPHD

Invesco S&P 500 High Dividend Low Volatility ETF

Invesco

Annual cost

0.30%

Fund size

$3.3B

Key differences

  • SPHD costs 0.49% less per year.
  • SPHD is significantly larger than AAPR — larger funds tend to be more liquid and less likely to close.
  • AAPR is classified as alternative, while SPHD is equity — different risk/return profiles.
  • AAPR follows a structured outcome strategy; SPHD uses index tracking.
  • SPHD has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

AAPRSPHD
Annual cost (TER)0.79%0.30%
Fund size (AUM)$52M$3.3B
Since20242012
Dividend yield0.00%4.37%
Asset classalternativeequity
Regionnorth americanorth america
Strategystructured outcomeindex tracking
CAGR 1Y+11.0%+12.6%
CAGR 3YN/A+12.2%
CAGR 5YN/A+6.2%
Sharpe 3YN/A0.69
Volatility 1Y2.44%11.06%
Max drawdown-5.99%-41.39%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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