- ISIN
- US45782C8139
- CUSIP
- 45782C813
- Issuer
- Innovator
- Inception Date
- Aug 7, 2018
- Region
- North America (U.S.)
- Category
- Defined Outcome
- Leveraged
- 1x (No leverage)
- Index Tracked
- Cboe S&P 500 Buffer Protect Index July
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
PJUL Performance Chart
Innovator U.S. Equity Power Buffer ETF - July (PJUL) is up 4.6% since the beginning of the year. PJUL is currently trading at $49 per share. Investors who bought $1,000 worth of PJUL shares 5 years ago would now be looking at an investment worth $1,646.
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Returns By Period
Innovator U.S. Equity Power Buffer ETF - July (PJUL) has returned 4.63% so far this year and 15.92% over the past 12 months.
Innovator U.S. Equity Power Buffer ETF - July
- 1D
- 0.10%
- 1M
- 1.23%
- YTD
- 4.63%
- 6M
- 5.37%
- 1Y
- 15.92%
- 3Y*
- 13.91%
- 5Y*
- 10.48%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PJUL Monthly Returns History
Based on dividend-adjusted daily data since Aug 8, 2018, PJUL's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, an investment would double in approximately 7.8 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +8.3%, while the worst month was Mar 2020 at -7.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PJUL closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +6.4%, while the worst single day was Mar 16, 2020 at -7.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.78% | 0.00% | -1.76% | 4.33% | 1.17% | 0.12% | 4.63% | ||||||
| 2025 | 1.41% | -0.34% | -3.41% | -0.35% | 4.19% | 5.08% | 1.09% | 1.20% | 1.65% | 0.57% | 0.46% | 0.78% | 12.78% |
| 2024 | 1.02% | 2.68% | 1.17% | -0.71% | 2.31% | 0.70% | 0.90% | 1.68% | 1.56% | -0.62% | 3.16% | -0.80% | 13.76% |
| 2023 | 3.78% | -1.31% | 2.33% | 1.52% | 0.28% | 6.24% | 1.78% | -0.52% | -2.74% | -1.19% | 5.56% | 2.96% | 19.87% |
| 2022 | -1.39% | -0.73% | 1.66% | -4.01% | 0.22% | -0.46% | 4.59% | -1.92% | -5.08% | 4.65% | 3.29% | -2.38% | -2.08% |
| 2021 | -0.56% | 1.09% | 1.45% | 0.48% | 0.25% | 0.22% | 0.95% | 0.77% | -1.23% | 2.45% | -0.75% | 1.92% | 7.20% |
Benchmark Metrics
Innovator U.S. Equity Power Buffer ETF - July has an annualized alpha of 2.24%, beta of 0.47, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since August 09, 2018.
- This ETF participated in 46.53% of S&P 500 Index downside but only 45.89% of its upside - more exposed to losses than it benefited from rallies.
- This ETF generated an annualized alpha of 2.24% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.47 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.24%
- Beta
- 0.47
- R²
- 0.86
- Upside Capture
- 45.89%
- Downside Capture
- 46.53%
Expense Ratio
PJUL has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PJUL ranks 88 for risk / return — in the top 88% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - July (PJUL) and compare them to S&P 500 Index.
| PJUL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.82 | 2.39 | +0.44 |
Sortino ratioReturn per unit of downside risk | 4.27 | 3.25 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.43 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 4.39 | 3.11 | +1.27 |
Martin ratioReturn relative to average drawdown | 24.13 | 14.38 | +9.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Innovator U.S. Equity Power Buffer ETF - July provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Innovator U.S. Equity Power Buffer ETF - July. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Innovator U.S. Equity Power Buffer ETF - July. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Innovator U.S. Equity Power Buffer ETF - July was 18.17%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -18.17%Mar 2020 | 1mo 2d | 2mo 14d | 3mo 16dFeb 2020 - Jun 2020 |
2025 selloff2025 | -10.69%Apr 2025 | 1mo 17d | 1mo 26d | 3mo 13dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -9.29%Dec 2018 | 2mo 23d | 3mo 15d | 6mo 8dOct 2018 - Apr 2019 |
Bear market2022 | -8.27%Sep 2022 | 1mo 14d | 3mo 28d | 5mo 12dAug 2022 - Jan 2023 |
Bear market2022 | -6.92%Jun 2022 | 2mo 18d | 1mo 26d | 4mo 14dMar 2022 - Aug 2022 |
Drawdown Indicators
| PJUL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -56.78% | +38.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -9.10% | +5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -10.69% | -18.90% | +8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -10.69% | -25.43% | +14.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.47% | -10.72% | +9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 1.97% | -1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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