- ISIN
- US45783Y5419
- Issuer
- Innovator
- Inception Date
- Jul 17, 2023
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $129M
Highlights
- Avg. Volume (1M)
- 34K
- Avg. Volume Value (1M)
- $1.04M
Share Price Chart
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Performance
TJUL Performance Chart
Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) is up 2.5% since the beginning of the year. TJUL is currently trading at $30 per share.
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Returns By Period
Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) has returned 2.53% so far this year and 5.46% over the past 12 months.
Innovator Equity Defined Protection ETF – 2 Yr to July 2025
- 1D
- 0.05%
- 1M
- 0.31%
- 6M
- 2.15%
- YTD
- 2.53%
- 1Y
- 5.46%
- 3Y*
- 6.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.72%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TJUL Monthly Returns History
Based on dividend-adjusted daily data since Jul 18, 2023, TJUL's average daily return is +0.03%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 78% of months were positive and 22% were negative. The best month was Nov 2023 with a return of +3.7%, while the worst month was Sep 2023 at -1.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TJUL closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +3.2%, while the worst single day was Apr 4, 2025 at -2.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.37% | 0.13% | -1.27% | 2.31% | 0.63% | 0.00% | 0.36% | 2.53% | |||||
| 2025 | 0.94% | 0.23% | -0.12% | -0.07% | 1.64% | 0.67% | 0.25% | 1.04% | 0.78% | 0.43% | 0.32% | 0.29% | 6.55% |
| 2024 | 0.53% | 1.09% | 0.86% | -1.01% | 1.75% | 1.06% | 0.79% | 1.12% | 0.53% | -0.11% | 1.20% | 0.11% | 8.18% |
| 2023 | 0.16% | -0.29% | -1.80% | -0.66% | 3.71% | 2.03% | 3.09% |
Benchmark Metrics
Innovator Equity Defined Protection ETF – 2 Yr to July 2025 has an annualized alpha of 2.43%, beta of 0.24, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since July 18, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (24.72%) than losses (14.76%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.43% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.24 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
- 2.43%
- Beta
- 0.24
- R²
- 0.72
- Upside Capture
- 24.72%
- Downside Capture
- 14.76%
Expense Ratio
TJUL has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TJUL ranks 83 for risk / return — above 83% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TJUL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.00 | +0.65 |
| Martin ratioReturn relative to average drawdown | 12.15 | 8.49 | +3.66 |
Dividends
Dividend History
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 Equity Defined Protection ETF – 2 Yr to July 2025. 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 Equity Defined Protection ETF – 2 Yr to July 2025 was 4.61%, occurring on Apr 8, 2025. Recovery took 21 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-4.61%Apr 2025 | 1mo 17d | 1mo | 2mo 17dFeb 2025 - May 2025 | 2025 selloff2025 |
-3.09%Oct 2023 | 3mo 8d | 19d | 3mo 27dJul 2023 - Nov 2023 | — |
-2.08%Mar 2026 | 1mo 27d | 17d | 2mo 14dJan 2026 - Apr 2026 | — |
-1.59%Aug 2024 | 19d | 8d | 27dJul 2024 - Aug 2024 | — |
-1.28%Apr 2024 | 18d | 20d | 1mo 8dApr 2024 - May 2024 | — |
Drawdown Indicators
| TJUL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.61% | -56.78% | +52.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -9.10% | +7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -18.90% | +14.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -10.70% | +10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 2.14% | -1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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