Which is cheaper, APRJ or ATCL?

APRJ charges 0.79% a year and ATCL charges 0.65%, so ATCL is cheaper. Fees come from each fund's prospectus.

APRJ vs ATCL: which paid, and which earned it?

APRJ and ATCL both write options for income. Innovator Premium Income 30 Barrier ETF - April and REX Autocallable Income ETF.

6.2%

APRJ cash paid, 1 year

7.9%

ATCL cash paid, since launch

+6.1%

APRJ total return, 1 year

+5.0%

ATCL total return, since launch

APRJ · 1 year to Sep 30, 20269.6 pts behind SPY

APRJ

+6.1%

SPY

+15.7%

9.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 pts.

SPY

+15.7%

APRJ

+6.1%

6.2% of it arrived as cash

9.6 pts behind SPY

Total return, distributions reinvested

9.6 pts behind SPY

APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 pts.

SPY

+15.7%

APRJ

+6.1%

9.6 pts behind SPY

6.2% of it arrived as cash. Total return, distributions reinvested. APRJ over 1 year: paid 6.2%, price −0.2%, total +6.1%, SPY +15.7%, −9.6 pts.

ATCL · since launch to Sep 30, 20267 pts behind SPY

ATCL

+5.0%

SPY

+12.0%

7 pts behind SPY

ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 pts.

SPY

+12.0%

ATCL

+5.0%

7.9% of it arrived as cash

7 pts behind SPY

Total return, distributions reinvested

7 pts behind SPY

ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 pts.

SPY

+12.0%

ATCL

+5.0%

7 pts behind SPY

7.9% of it arrived as cash. Both charts share one scale, 0 to +15.7%. ATCL since launch: paid 7.9%, price −3.0%, total +5.0%, SPY +12.0%, −7.0 pts.

What they hold in common

By the books each fund has filed, APRJ and ATCL hold 95% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.

50%

half

95% in common

Positions both hold, largest shared weight first

Holding APRJ ATCL

TREASURY BILL 95.06% 95.94%

Only in APRJ

TREASURY BILL 1.66%

TREASURY BILL 1.65%

TREASURY BILL 1.64%

Only in ATCL

The Laddered T-Bill ETF 4.06%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	APRJ	ATCL	APRJ	ATCL	APRJ	ATCL
3 months	+1.1%	+1.4%	1.7%	3.4%	−1.4 pts	−1.1 pts
6 months	+3.9%	+7.5%	3.5%	7.0%	−13.1 pts	−9.5 pts
1 year	+6.1%	not published	6.2%	not published	−9.6 pts	not published
3 years	+19.5%	not published	17.8%	not published	−65.5 pts	not published
Since launch APRJ Apr 2023 · ATCL Feb 2026	+23.8%	+5.0%	21.1%	7.9%	−70.0 pts	−7.0 pts

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

On the same fields

APRJ

Innovator Premium Income 30 Barrier ETF - April · Defined income on SPY, paying quarterly

ATCL

REX Autocallable Income ETF · Autocallable on SPY, paying monthly

Issuer Innovator REX

Strategy defined income autocallable

Benchmark S&P 500 (SPY) S&P 500 (SPY), used as a default proxy

Pays quarterly monthly

Payout rate, annualized 6.9% 13.7%

Expense ratio 0.79% 0.65%

Cash paid, 1 year 6.2% 7.9% (since launch on Feb 18, 2026)

Price change, 1 year −0.2% −3.0%

Total return, 1 year +6.1% +5.0% (since launch on Feb 18, 2026)

Benchmark return, 1 year +15.7% +12.0%

Ahead or behind −9.6 pts −7.0 pts

Return of capital, latest estimate not published 77%

Age 1276 days 224 days

Net assets $28m $48m

APRJ and ATCL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

APRJ in plain words

Over the year to Sep 30, 2026, APRJ paid 6.2% of its starting value in cash distributions while its price fell 0.2%. With every distribution reinvested, the fund returned +6.1%. S&P 500 (SPY) returned +15.7% over the same days, so a holder was behind by 9.6 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 6.9%, paid quarterly.

ATCL in plain words

Over the period since launch on Feb 18, 2026 to Sep 30, 2026, ATCL paid 7.9% of its starting value in cash distributions while its price fell 3.0%. With every distribution reinvested, the fund returned +5.0%. S&P 500 (SPY), used as a default proxy returned +12.0% over the same days, so a holder was behind by 7.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 13.7%, paid monthly. REX estimates that 77% of the distribution paid Aug 19, 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, APRJ or ATCL?: APRJ charges 0.79% a year and ATCL charges 0.65%, so ATCL is cheaper. Fees come from each fund's prospectus.

Other comparisons

APRJ vs SPUT APRJ vs SPYI APRJ vs TCAL APRJ vs TDAQ ATCL vs JANH ATCL vs JANJ ATCL vs JANQ ATCL vs JULH

S&P 500 (SPY) →APRJ on its own →ATCL on its own →How every figure is computed →Standards and sources →

Where these figures came from

APRJ filings on SEC EDGAR ↗APRJ prospectus with the expense ratio (SEC) ↗Innovator page for APRJ ↗ATCL filings on SEC EDGAR ↗ATCL prospectus with the expense ratio (SEC) ↗ATCL 19a-1 distribution notice ↗REX page for ATCL ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, APRJ against ATCL, data as of Sep 30, 2026. https://etfiq.com/compare/income/aprj-vs-atcl

Open data

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