TrueShares Structured Outcome (April) ETF (APRZ) Performance
APRZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.5% since Dec 31, 2025
- 1 year
- +8.7% total return
- 5 years
- +10.0% a year
- Since first price
- +10.8% a year since 2021
APRZ trailing returns vs SPY, QQQ, AGG
| Period | APRZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.0% | +2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.3% | +5.3% | +7.8% | +8.4% | −1.5% |
| YTD | +7.5% | +7.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.7% | +5.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +58.0%+16.5%/yr | +44.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +61.4%+10.0%/yr | +46.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 1, 2021 | +76.5%+10.8%/yr | +60.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: APRZ vs SPY
From Apr 1, 2021: APRZ grew to $17,649, SPY to $20,414.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
APRZ returns by calendar year
3 of 4 full years positive. Best 2023 (+22.2%), worst 2022 (−11.4%). 2026 is year to date.
APRZ annual returns table
| Year | APRZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.5% | −8.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.0% | −15.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.5% | −5.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +22.2% | −7.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.4% | −18.0% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
APRZ largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 27, 2021 | −18.2% | Oct 12, 2022 | Jun 14, 2023 | 9 months | 1.5 years |
| Feb 19, 2025 | −15.2% | Apr 8, 2025 | Jun 27, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
APRZ risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +16.3% | +11.0% | +10.6% |
| Volatility (annualized) | 9.7% | 11.6% | 11.3% |
| Sharpe ratio | 1.16 | 0.66 | 0.66 |
| Sortino ratio | 2.24 | 1.05 | 1.05 |
| Best month | +8.4% | +8.4% | +8.4% |
| Worst month | −4.6% | −6.7% | −6.7% |
| Best 12 months | +27.8% | +27.8% | +27.8% |
| Worst 12 months | +4.8% | −11.4% | −11.4% |
| Positive months | 61% | 58% | 60% |
| Beta vs S&P 500 | 0.78 | 0.74 | — |
| Correlation with S&P 500 | 0.99 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
APRZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 55 | −11.4% | +12.7% | +27.8% | 80% |
| 3-year (a year) | 31 | +8.0% | +13.8% | +19.9% | 100% |
| 5-year (a year) | 7 | +9.8% | +10.5% | +11.3% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
APRZ performance overview
TrueShares Structured Outcome (April) ETF (APRZ) returned +8.7% over the past year and +10.0% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +10.8% a year, turning $10,000 into about $17,649. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.2%, from Dec 27, 2021 to Oct 12, 2022, and it took 8 months to get back to the old high. APRZ finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+22.2%) and the worst 2022 (−11.4%). Volatility has been 11.3% a year.
Related: APRZ chart, APRZ dividends. See the APRZ overview for the latest quote and fund facts.
APRZ performance FAQ
What is the APRZ return over the past year?
APRZ returned +8.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.2%.
What is the average annual return of APRZ?
APRZ has returned +10.0% a year over 5 years, +10.8% a year since April 1, 2021 (total return, distributions reinvested).
How much would $10,000 invested in APRZ be worth?
$10,000 invested in APRZ at its first recorded close on April 1, 2021 would be worth about $17,649 on October 23, 2026 with distributions reinvested.
What was the worst year for APRZ?
The worst calendar year was 2022, with a total return of −11.4%. The best was 2023 at +22.2%.
What is the biggest drawdown of APRZ?
The largest peak-to-trough decline was −18.2% between December 27, 2021 and October 12, 2022. It recovered to the old high on June 14, 2023, 8 months after the bottom.
How volatile is APRZ?
Over the past 3 years APRZ had an annualized volatility of 9.7% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).