BEEZ vs. UJUN

Last updated Jun 23, 2026

BEEZ (Honeytree U.S. Equity ETF) and UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) are both Large Cap Blend Equities funds. BEEZ is actively managed, while UJUN is passively managed. Over the past year, BEEZ returned 3.99% vs 9.74% for UJUN. A 0.70 correlation means they provide meaningful diversification when combined. BEEZ charges 0.64%/yr vs 0.79%/yr for UJUN.

Performance

BEEZ vs. UJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Honeytree U.S. Equity ETF (BEEZ) 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, BEEZ achieves a -0.06% return, which is significantly lower than UJUN's 2.66% return.

BEEZ

• 1D: 0.19%
• 1M: 0.15%
• YTD: -0.06%
• 6M: -1.26%
• 1Y: 3.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UJUN

• 1D: -0.16%
• 1M: -0.54%
• YTD: 2.66%
• 6M: 2.81%
• 1Y: 9.74%
• 3Y*: 10.71%
• 5Y*: 6.12%
• 10Y*: —

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

BEEZ vs. UJUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BEEZ Honeytree U.S. Equity ETF	-0.06%	5.65%	10.41%	14.04%
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	2.66%	10.63%	12.49%	4.73%

Correlation

The correlation between BEEZ and UJUN is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023	0.71

The correlation between BEEZ and UJUN has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

Return for Risk

BEEZ vs. UJUN — Risk / Return Rank

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

BEEZ

BEEZ Risk / Return Rank: 13
BEEZ Sharpe Ratio Rank: 13
BEEZ Sortino Ratio Rank: 12
BEEZ Omega Ratio Rank: 11
BEEZ Calmar Ratio Rank: 14
BEEZ Martin Ratio Rank: 15

UJUN

UJUN Risk / Return Rank: 77
UJUN Sharpe Ratio Rank: 69
UJUN Sortino Ratio Rank: 75
UJUN Omega Ratio Rank: 85
UJUN Calmar Ratio Rank: 71
UJUN Martin Ratio Rank: 88

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.

BEEZ vs. UJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Honeytree U.S. Equity ETF (BEEZ) 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.

	BEEZ	UJUN	Difference
Sharpe ratio: Return per unit of total volatility	0.31	2.15	-1.85
Sortino ratio: Return per unit of downside risk	0.53	3.19	-2.66
Omega ratio: Gain probability vs. loss probability	1.06	1.49	-0.43
Calmar ratio: Return relative to maximum drawdown	0.48	3.45	-2.97
Martin ratio: Return relative to average drawdown	1.41	18.38	-16.97

BEEZ vs. UJUN - Sharpe Ratio Comparison

The current BEEZ Sharpe Ratio is 0.31, which is lower than the UJUN Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of BEEZ 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

BEEZ vs. UJUN - Drawdown Comparison

The maximum BEEZ drawdown since its inception was -18.62%, which is greater than UJUN's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for BEEZ and UJUN.

Drawdown Indicators

	BEEZ	UJUN	Difference
Max Drawdown Largest peak-to-trough decline	-18.62%	-13.73%	-4.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.41%	-2.84%	-5.57%
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	-4.53%	-0.93%	-3.60%
Average Drawdown Average peak-to-trough decline	-2.82%	-2.06%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	0.53%	+2.30%

Volatility

BEEZ vs. UJUN - Volatility Comparison

Honeytree U.S. Equity ETF (BEEZ) has a higher volatility of 3.88% compared to Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) at 2.14%. This indicates that BEEZ'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

	BEEZ	UJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	2.14%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	3.83%	+6.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	4.55%	+8.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.05%	8.37%	+6.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.05%	8.77%	+6.28%

BEEZ vs. UJUN - Expense Ratio Comparison

BEEZ has a 0.64% expense ratio, which is lower than UJUN's 0.79% expense ratio.

Dividends

BEEZ vs. UJUN - Dividend Comparison

BEEZ's dividend yield for the trailing twelve months is around 0.56%, while UJUN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BEEZ Honeytree U.S. Equity ETF	0.56%	0.56%	0.61%	0.19%	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 BEEZ and UJUN in my portfolio?

BEEZ and UJUN have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BEEZ or UJUN?

BEEZ has higher volatility (3.88%) compared to UJUN (2.14%). In terms of maximum drawdown, BEEZ dropped -18.62% vs UJUN's -13.73%.

Which ETF is better, BEEZ or UJUN?

On 1-year performance, UJUN leads with 9.74% vs 3.99% for BEEZ. On fees, BEEZ is cheaper at 0.64% per year. On volatility, UJUN has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BEEZ or UJUN?

Over the 1-year period, UJUN has performed better with a 9.74% return vs 3.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BEEZ or UJUN?

BEEZ is cheaper with a 0.64% expense ratio, compared with 0.79% for UJUN.

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

BEEZ has the higher dividend yield at 0.56%, compared with 0.00% for UJUN.

What is the main difference between BEEZ and UJUN?

They also come from different issuers: Honeytree and Innovator. Their fees differ too: 0.64% for BEEZ and 0.79% for UJUN.

Which has better risk-adjusted returns?

UJUN currently has the higher Sharpe Ratio (2.15 vs 0.31), 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.