Which is cheaper, APRH or MPDY?

APRH charges 0.79% a year and MPDY charges 0.70%, so MPDY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 12, 2026.

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APRH vs MPDY: Dividend Yield & Total Return

Return, fees and overlap, side by side.

Return gap

+11.2 pts

3 months to Nov 12, 2026: APRH ahead, total return

Fee gap

0.09 pts

A year: APRH 0.79%, MPDY 0.70%, per filings dated Apr 1, 2026 and Aug 7, 2026

Overlap

–

No book read for both funds

Net flow

–

Needs daily flows for both funds

Pair scorecard

MPDY costs 0.09 points a year less.

Points (pts) are percentage points.

APRH vs MPDY: Dividend Yield & Total Return
Measure	APRH	MPDY
Paid and earned
Measure	APRH	MPDY
Total return, 1 year	+6.5%	not published
Price change	fell 0.1% (1 year)	fell 11.2% (since Aug 12, 2026)
Return of capital, issuer estimate	65% of the Oct 2, 2026 payment
Against its benchmark
Measure	APRH	MPDY
Benchmark	S&P 500, measured through SPY	not published
Cost and size
Measure	APRH	MPDY
Expense ratio	0.79%	0.70%
Net assets	$25m	not read by ETFIQ
Holdings
Measure	APRH	MPDY
Holdings in common	not published

Method

Key numbers

6.4%

APRH cash paid, 1 year

2.3%

MPDY cash paid, since launch, Aug 12, 2026

+6.5%

APRH total return, 1 year

−9.1%

MPDY total return, since launch, Aug 12, 2026

APRH · 1 year to Nov 12, 2026 5.5 pts behind SPY

APRH

+6.5%

SPY

+12.0%

5.5 pts behind SPY

APRH over 1 year: paid 6.4%, price −0.1%, total +6.5%, SPY +12.0%, −5.5 pts. Data to Nov 12, 2026.

SPY

+12.0%

APRH

+6.5%

6.4% of it arrived as cash

5.5 pts behind SPY

Total return, distributions reinvested

5.5 pts behind SPY

APRH over 1 year: paid 6.4%, price −0.1%, total +6.5%, SPY +12.0%, −5.5 pts. Data to Nov 12, 2026.

SPY

+12.0%

APRH

+6.5%

5.5 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 +6.5%, SPY +12.0%, −5.5 pts. Data to Nov 12, 2026.

Data to Nov 12, 2026.

MPDY · since launch to Nov 12, 2026 Not measured

MPDY

−9.1%

none

Not measured

MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

MPDY

−9.1%

Total return, distributions reinvested

Not measured

MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

MPDY

−9.1%

2.3% of it arrived as cash. Both charts share one scale, with zero at the line. MPDY since launch: paid 2.3%, price −11.2%, total −9.1%, not measured against a benchmark. Data to Nov 12, 2026.

Data to Nov 12, 2026.

Side by side

APRH Innovator Premium Income 20 Barrier ETF -- April · Defined income on SPY, paying quarterly MPDY m+ DualYield Autocall ETF · Autocallable

Issuer Innovator m+

Strategy defined income autocallable

Benchmark S&P 500 (SPY) not set

Pays quarterly not established

Payout rate, annualized 8.4% 13.3%

Expense ratio 0.79% 0.70%

Cash paid, 1 year 6.4% 2.3% (since launch, Aug 12, 2026)

Price change, 1 year −0.1% −11.2% (since launch, Aug 12, 2026)

Total return, 1 year +6.5% −9.1% (since launch, Aug 12, 2026)

Benchmark return, 1 year +12.0% not published

Ahead or behind −5.5 pts not available

Return of capital, latest estimate 65% not published

Age 3.6 years 92 days

Net assets $25m not read by ETFIQ

As of Nov 12, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: APRH vs MPDY: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	APRH	MPDY	APRH	MPDY	APRH	MPDY
3 months	+0.9%	−10.3%	2.1%	2.3%	+3.3 pts	not measured
6 months	+2.7%	–	4.1%	–	+1.0 pts	–
1 year	+6.5%	–	6.4%	–	−5.5 pts	–
3 years	+22.1%	–	20.0%	–	−56.2 pts	–
Since launchNot the same days: APRH Apr 2023 · MPDY Aug 2026	+29.3%	−9.1%	24.3%	2.3%	−63.2 pts	not measured

– means no data for this window. Open this comparison in the app →

Alert

About each fund

APRH

Over the year to Nov 12, 2026, APRH paid 6.4% of its starting value in cash distributions while its price fell 0.1%. With every distribution reinvested, the fund returned +6.5%. S&P 500 (SPY) returned +12.0% over the same days, so a holder was behind by 5.5 pts. At its price on Nov 12, 2026 the latest distribution annualizes to 8.4%, paid quarterly. Innovator estimates that 65% of the distribution paid Oct 2, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

MPDY

Over the period from its first trade on Aug 12, 2026 to Nov 12, 2026, MPDY paid 2.3% of its starting value in cash distributions while its price fell 11.2%. With every distribution reinvested, the fund returned −9.1%. At its price on Nov 12, 2026 the latest distribution annualizes to 13.3%, paid periodically.

Questions people ask

Which is cheaper, APRH or MPDY?: APRH charges 0.79% a year and MPDY charges 0.70%, so MPDY is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRH vs ARKY APRH vs ATC APRH vs CDPI APRH vs FGSI MPDY vs APRJ MPDY vs JULH MPDY vs OCTH MPDY vs OCTJ

Where to next

S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →APRH on its own →MPDY on its own →APRH dividend history →MPDY dividend history →Method →Standards and sources →

Sources and dates

APRH filings on SEC EDGAR ↗

APRH prospectus with the expense ratio (SEC) ↗

APRH 19a-1 distribution notice ↗

Innovator page for APRH ↗

MPDY filings on SEC EDGAR ↗

MPDY prospectus with the expense ratio (SEC) ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, APRH against MPDY, data as of Nov 12, 2026. https://etfiq.com/compare/income/aprh-vs-mpdy

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.

APRH and MPDY both write options for income.

APRH on its own →MPDY on its own →

Growth of 100

APRH and MPDY

Total return, distributions reinvested, 3 months.

APRH +0.9%MPDY −10.3%

Aug 13, 2026Nov 12, 2026

APRH +0.9%, MPDY −10.3%: APRH +11.2 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.