APRH vs IACL: which paid, and which earned it?

APRH and IACL both write options for income. Innovator Premium Income 20 Barrier ETF -- April and GraniteShares US 100 Autocallable Income ETF.

6.4%
APRH cash paid, 1 year
0.4%
IACL cash paid, since launch
+6.7%
APRH total return, 1 year
+1.1%
IACL total return, since launch
APRH · 1 year to Sep 30, 20269.1 pts behind SPY
APRH
+6.7%
SPY
+15.7%

9.1 pts behind SPY

APRH over 1 year: paid 6.4%, price +0.1%, total +6.7%, SPY +15.7%, −9.1 pts.

SPY

+15.7%

APRH

+6.7%

6.4% of it arrived as cash

9.1 pts behind SPY

Total return, distributions reinvested

9.1 pts behind SPY

APRH over 1 year: paid 6.4%, price +0.1%, total +6.7%, SPY +15.7%, −9.1 pts.

SPY

+15.7%

APRH

+6.7%

9.1 pts behind SPY

6.4% of it arrived as cash. Total return, distributions reinvested. APRH over 1 year: paid 6.4%, price +0.1%, total +6.7%, SPY +15.7%, −9.1 pts.

IACL · since launch to Sep 30, 20261.4 pts ahead of SPY
IACL
+1.1%
SPY
−0.4%

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

Total return, distributions reinvested

1.4 pts ahead of SPY

IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

SPY

−0.4%

IACL

+1.1%

1.4 pts ahead of SPY

0.4% of it arrived as cash. Both charts share one scale, 0 to +15.7%. IACL since launch: paid 0.4%, price +0.7%, total +1.1%, SPY −0.4%, +1.4 pts.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowAPRHIACLAPRHIACLAPRHIACL
3 months+1.4%not published2.1%not published−1.1 ptsnot published
6 months+5.2%not published4.3%not published−11.8 ptsnot published
1 year+6.7%not published6.4%not published−9.1 ptsnot published
3 years+23.3%not published20.3%not published−61.7 ptsnot published
Since launch
APRH Apr 2023 · IACL Aug 2026
+28.7%+1.1%24.3%0.4%−65.1 pts+1.4 pts

APRH and IACL over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

APRH
Innovator Premium Income 20 Barrier ETF -- April · Defined income on SPY, paying quarterly
IACL
GraniteShares US 100 Autocallable Income ETF · Autocallable on SPY
Issuer Innovator GraniteShares
Strategy defined income autocallable
Benchmark S&P 500 (SPY) S&P 500 (SPY), used as a default proxy
Pays quarterly not established
Payout rate, annualized 8.4% 5.0%
Expense ratio 0.79% 0.55%
Cash paid, 1 year 6.4% 0.4% (since launch on Aug 18, 2026)
Price change, 1 year +0.1% +0.7%
Total return, 1 year +6.7% +1.1% (since launch on Aug 18, 2026)
Benchmark return, 1 year +15.7% −0.4%
Ahead or behind −9.1 pts +1.4 pts
Return of capital, latest estimate not published 99%
Age 1276 days 43 days
Net assets $25m $3m

APRH and IACL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

APRH in plain words

Over the year to Sep 30, 2026, APRH paid 6.4% of its starting value in cash distributions while its price rose 0.1%. With every distribution reinvested, the fund returned +6.7%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 9.1 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 8.4%, paid quarterly.

IACL in plain words

Over the period since launch on Aug 18, 2026 to Sep 30, 2026, IACL paid 0.4% of its starting value in cash distributions while its price rose 0.7%. With every distribution reinvested, the fund returned +1.1%. S&P 500 (SPY), used as a default proxy returned −0.4% over the same days, so a holder was ahead by 1.4 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 5.0%, paid periodically. GraniteShares estimates that 99% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which is cheaper, APRH or IACL?
APRH charges 0.79% a year and IACL charges 0.55%, so IACL is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, APRH against IACL, data as of Sep 30, 2026. https://etfiq.com/compare/income/aprh-vs-iacl

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.