Innovator U.S. Equity Power Buffer ETF - July (PJUL) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PJUL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PJUL
PJUL charges 0.79% annually. There are 92 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | PJUL vs JULB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | PJUL vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | PJUL vs APRB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | PJUL vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | PJUL vs FBUF |
Best Risk-Adjusted Alternatives to PJUL
PJUL has a PortfoliosLab risk / return rank of 87. There are 103 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | PJUL vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | PJUL vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | PJUL vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | PJUL vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | PJUL vs XBAP |
Top Performing PJUL Alternatives (YTD)
PJUL is at 5.32% YTD. There are 154 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | PJUL vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.34% | — | Jan 2025 | PJUL vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 12.71% | 214.51M | Mar 2020 | PJUL vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.33% | 568.10M | Mar 2021 | PJUL vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 2.84M | Jun 2025 | PJUL vs QB |
Lowest Volatility Alternatives to PJUL
PJUL has 4.98% 1-year volatility. There are 97 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.16% | — | Mar 2025 | PJUL vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | PJUL vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | PJUL vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | PJUL vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | PJUL vs MMAX |
Lowest Drawdown Alternatives to PJUL
PJUL has a 1-year max drawdown of -3.64%. There are 105 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | PJUL vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | PJUL vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | PJUL vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | PJUL vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | PJUL vs CPSM |
Other ETFs from Innovator
The 10 most viewed Innovator ETFs shown here include BALT, FFTY, BUFF and span 6 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Innovator Defined Wealth Shield ETF | Defined Outcome | 95 | 2.57% | 2.68B | Jun 2021 | PJUL vs BALT | |
| Innovator IBD 50 ETF | Large Cap Growth Equities | 26 | 12.47% | 89.40M | Apr 2015 | PJUL vs FFTY | |
| Innovator Laddered Allocation Power Buffer ETF | Defined Outcome | 89 | 5.94% | 891.58M | Oct 2016 | PJUL vs BUFF | |
| Innovator Equity Managed Floor ETF | Options Trading | 56 | 5.15% | 2.12B | Nov 2022 | PJUL vs SFLR | |
| Innovator Deepwater Frontier Tech ETF | Technology Equities | 58 | 20.34% | 221.95M | Jul 2018 | PJUL vs LOUP | |
| Innovator U.S. Equity Power Buffer ETF - January | Defined Outcome | 83 | 5.59% | 1.47B | Jan 2019 | PJUL vs PJAN | |
| Innovator U.S. Equity Accelerated Plus ETF | Leveraged Equities | 98 | 11.77% | 22.82M | Apr 2021 | PJUL vs XTAP | |
| Innovator U.S. Equity Buffer ETF - April | Defined Outcome | 97 | 11.27% | 404.39M | Mar 2019 | PJUL vs BAPR | |
| Innovator Nasdaq-100 Managed Floor ETF | Nasdaq-100, Options Trading | 55 | 4.38% | 543.68M | Jan 2024 | PJUL vs QFLR | |
| Innovator U.S. Equity Power Buffer ETF October | Defined Outcome | 79 | 6.01% | 967.98M | Sep 2018 | PJUL vs POCT |
Often Compared With PJUL
Investors most often compare PJUL with VOO, JQUA, SPY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PJUL with Any Fund or Stock
Compare PJUL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PJUL with funds that move differently
Innovator U.S. Equity Power Buffer ETF - July alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PJUL.
Explore PJUL Diversifiers