AJUL vs. FFTY
AJUL (Innovator Equity Defined Protection ETF - 2 Yr To July 2026) and FFTY (Innovator IBD 50 ETF) are both exchange-traded funds - AJUL is a Options Trading fund actively managed by Innovator, while FFTY is a Large Cap Growth Equities fund tracking the IBD 50 Index. AJUL is actively managed, while FFTY is passively managed. Over the past year, AJUL returned 9.05% vs 38.14% for FFTY. A 0.64 correlation means they provide meaningful diversification when combined. AJUL charges 0.79%/yr vs 0.80%/yr for FFTY.
Performance
AJUL vs. FFTY - Performance Comparison
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Returns By Period
In the year-to-date period, AJUL achieves a 3.08% return, which is significantly lower than FFTY's 20.11% return.
AJUL
- 1D
- 0.05%
- 1M
- 0.69%
- YTD
- 3.08%
- 6M
- 3.74%
- 1Y
- 9.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFTY
- 1D
- -0.14%
- 1M
- 7.67%
- YTD
- 20.11%
- 6M
- 21.02%
- 1Y
- 38.14%
- 3Y*
- 21.57%
- 5Y*
- -0.60%
- 10Y*
- 7.57%
AJUL vs. FFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AJUL Innovator Equity Defined Protection ETF - 2 Yr To July 2026 | 3.08% | 7.63% | 4.51% |
FFTY Innovator IBD 50 ETF | 20.11% | 23.38% | 3.68% |
Correlation
The correlation between AJUL and FFTY is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024 | 0.64 |
The correlation between AJUL and FFTY has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
AJUL vs. FFTY — Risk / Return Rank
AJUL
FFTY
AJUL vs. FFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 2 Yr To July 2026 (AJUL) and Innovator IBD 50 ETF (FFTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AJUL | FFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.20 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.65 | +2.51 |
| Martin ratioReturn relative to average drawdown | 24.50 | 4.36 | +20.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AJUL | FFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 1.12 | +1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 0.20 | +1.41 |
Drawdowns
AJUL vs. FFTY - Drawdown Comparison
The maximum AJUL drawdown since its inception was -6.06%, smaller than the maximum FFTY drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for AJUL and FFTY.
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Drawdown Indicators
| AJUL | FFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.06% | -59.46% | +53.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.19% | -23.29% | +21.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -15.34% | +15.34% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -22.38% | +21.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 8.77% | -8.40% |
Volatility
AJUL vs. FFTY - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF - 2 Yr To July 2026 (AJUL) is 0.17%, while Innovator IBD 50 ETF (FFTY) has a volatility of 9.42%. This indicates that AJUL experiences smaller price fluctuations and is considered to be less risky than FFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJUL | FFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 9.42% | -9.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 26.18% | -23.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 34.09% | -30.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 29.14% | -24.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 27.41% | -22.41% |
AJUL vs. FFTY - Expense Ratio Comparison
AJUL has a 0.79% expense ratio, which is lower than FFTY's 0.80% expense ratio.
Dividends
AJUL vs. FFTY - Dividend Comparison
AJUL has not paid dividends to shareholders, while FFTY's dividend yield for the trailing twelve months is around 1.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AJUL Innovator Equity Defined Protection ETF - 2 Yr To July 2026 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFTY Innovator IBD 50 ETF | 1.12% | 1.35% | 0.91% | 0.65% | 2.75% | 0.22% | 0.00% | 0.00% | 0.00% | 0.17% |
Frequently Asked Questions
AJUL and FFTY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFTY has higher volatility (9.42%) compared to AJUL (0.17%). In terms of maximum drawdown, AJUL dropped -6.06% vs FFTY's -59.46%.
On 1-year performance, FFTY leads with 38.14% vs 9.05% for AJUL. On fees, AJUL is cheaper at 0.79% per year. On volatility, AJUL has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFTY has performed better with a 38.14% return vs 9.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AJUL is cheaper with a 0.79% expense ratio, compared with 0.80% for FFTY.
FFTY has the higher dividend yield at 1.12%, compared with 0.00% for AJUL.
AJUL is categorized as Options Trading, while FFTY is Large Cap Growth Equities. Their fees differ too: 0.79% for AJUL and 0.80% for FFTY.
AJUL currently has the higher Sharpe Ratio (2.84 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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