ALRG vs. UJUN

Last updated Jul 15, 2026

ALRG (Allspring LT Large Core ETF) and UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) are both exchange-traded funds - ALRG is a Large Cap Blend Equities fund actively managed by Allspring, while UJUN is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. ALRG is actively managed, while UJUN is passively managed. Over the past year, ALRG returned 21.50% vs 8.28% for UJUN. Their correlation of 0.85 suggests significant overlap in exposure. ALRG charges 0.28%/yr vs 0.79%/yr for UJUN.

Performance

ALRG vs. UJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring LT Large Core ETF (ALRG) and Innovator U.S. Equity Ultra Buffer ETF - June (UJUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALRG achieves a 9.57% return, which is significantly higher than UJUN's 3.42% return.

ALRG

• 1D: 0.12%
• 1M: 2.22%
• 6M: 7.88%
• YTD: 9.57%
• 1Y: 21.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UJUN

• 1D: 0.19%
• 1M: 0.97%
• 6M: 2.94%
• YTD: 3.42%
• 1Y: 8.28%
• 3Y*: 10.39%
• 5Y*: 6.16%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALRG vs. UJUN - Yearly Performance Comparison

	2026 (YTD)	2025
ALRG Allspring LT Large Core ETF	9.57%	11.78%
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	3.42%	5.19%

Correlation

The correlation between ALRG and UJUN is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.85

The correlation between ALRG and UJUN has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

ALRG vs. UJUN - Sectors Allocation Comparison

Sectors	ALRG	UJUN
Technology	33.6%	38.4%
Financial Services	13.1%	11.0%
Industrials	11.3%	7.9%
Communication Services	10.1%	10.8%
Consumer Cyclical	9.4%	10.0%
Healthcare	6.7%	8.4%
Energy	2.3%	3.2%
Consumer Defensive	2.2%	4.6%
Basic Materials	0.8%	1.7%
Real Estate	-	1.8%
Utilities	-	2.1%

Return for Risk

ALRG vs. UJUN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALRG

ALRG Risk / Return Rank: 63
ALRG Sharpe Ratio Rank: 65
ALRG Sortino Ratio Rank: 64
ALRG Omega Ratio Rank: 61
ALRG Calmar Ratio Rank: 58
ALRG Martin Ratio Rank: 67

UJUN

UJUN Risk / Return Rank: 78
UJUN Sharpe Ratio Rank: 70
UJUN Sortino Ratio Rank: 74
UJUN Omega Ratio Rank: 85
UJUN Calmar Ratio Rank: 73
UJUN Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALRG vs. UJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring LT Large Core ETF (ALRG) and Innovator U.S. Equity Ultra Buffer ETF - June (UJUN). 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.

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.

	ALRG	UJUN	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.80	-0.10
Sortino ratio: Return per unit of downside risk	2.39	2.66	-0.27
Omega ratio: Gain probability vs. loss probability	1.30	1.40	-0.11
Calmar ratio: Return relative to maximum drawdown	2.33	2.93	-0.60
Martin ratio: Return relative to average drawdown	9.59	14.32	-4.73

ALRG vs. UJUN - Sharpe Ratio Comparison

The current ALRG Sharpe Ratio is 1.70, which is comparable to the UJUN Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of ALRG and UJUN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALRG vs. UJUN - Drawdown Comparison

The maximum ALRG drawdown since its inception was -9.27%, smaller than the maximum UJUN drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for ALRG and UJUN.

Drawdown Indicators

	ALRG	UJUN	Difference
Max Drawdown Largest peak-to-trough decline	-9.27%	-13.73%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.27%	-2.84%	-6.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	-0.50%	-0.20%	-0.30%
Average Drawdown Average peak-to-trough decline	-1.40%	-2.05%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	0.58%	+1.67%

Volatility

ALRG vs. UJUN - Volatility Comparison

Allspring LT Large Core ETF (ALRG) has a higher volatility of 3.36% compared to Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) at 1.78%. This indicates that ALRG's price experiences larger fluctuations and is considered to be riskier than UJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALRG	UJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	1.78%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	3.99%	+6.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	4.62%	+8.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	8.39%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.65%	8.75%	+3.90%

ALRG vs. UJUN - Expense Ratio Comparison

ALRG has a 0.28% expense ratio, which is lower than UJUN's 0.79% expense ratio.

Dividends

ALRG vs. UJUN - Dividend Comparison

ALRG's dividend yield for the trailing twelve months is around 0.43%, while UJUN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ALRG Allspring LT Large Core ETF	0.43%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.89%

Frequently Asked Questions

Can I hold both ALRG and UJUN in my portfolio?

ALRG and UJUN have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALRG or UJUN?

ALRG has higher volatility (3.36%) compared to UJUN (1.78%). In terms of maximum drawdown, ALRG dropped -9.27% vs UJUN's -13.73%.

Which ETF is better, ALRG or UJUN?

On 1-year performance, ALRG leads with 21.50% vs 8.28% for UJUN. On fees, ALRG is cheaper at 0.28% per year. On volatility, UJUN has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALRG or UJUN?

Over the 1-year period, ALRG has performed better with a 21.50% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALRG or UJUN?

ALRG is cheaper with a 0.28% expense ratio, compared with 0.79% for UJUN.

Which ETF pays a higher dividend yield, ALRG or UJUN?

ALRG has the higher dividend yield at 0.43%, compared with 0.00% for UJUN.

What is the main difference between ALRG and UJUN?

ALRG is categorized as Large Cap Blend Equities, while UJUN is Defined Outcome. They also come from different issuers: Allspring and Innovator. Their fees differ too: 0.28% for ALRG and 0.79% for UJUN.

Which has better risk-adjusted returns?

UJUN currently has the higher Sharpe Ratio (1.80 vs 1.70), 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.