BJUL vs. EALT
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - July (BJUL) and Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT).
BJUL and EALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Aug 29, 2018. EALT is an actively managed fund by Innovator. It was launched on Sep 29, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BJUL or EALT.
Performance
BJUL vs. EALT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with BJUL having a 18.39% return and EALT slightly higher at 18.48%.
BJUL
18.39%
0.75%
8.32%
23.24%
10.59%
N/A
EALT
18.48%
0.98%
10.29%
20.78%
N/A
N/A
Key characteristics
| BJUL | EALT | |
|---|---|---|
| Sharpe Ratio | 2.84 | 2.51 |
| Sortino Ratio | 3.85 | 3.46 |
| Omega Ratio | 1.57 | 1.51 |
| Calmar Ratio | 3.96 | 3.70 |
| Martin Ratio | 20.30 | 16.31 |
| Ulcer Index | 1.18% | 1.32% |
| Daily Std Dev | 8.46% | 8.58% |
| Max Drawdown | -24.03% | -5.81% |
| Current Drawdown | -0.71% | -0.73% |
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BJUL vs. EALT - Expense Ratio Comparison
BJUL has a 0.79% expense ratio, which is higher than EALT's 0.69% expense ratio.
Correlation
The correlation between BJUL and EALT is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BJUL vs. EALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - July (BJUL) and Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT). 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.
Dividends
BJUL vs. EALT - Dividend Comparison
Neither BJUL nor EALT has paid dividends to shareholders.
Drawdowns
BJUL vs. EALT - Drawdown Comparison
The maximum BJUL drawdown since its inception was -24.03%, which is greater than EALT's maximum drawdown of -5.81%. Use the drawdown chart below to compare losses from any high point for BJUL and EALT. For additional features, visit the drawdowns tool.
Volatility
BJUL vs. EALT - Volatility Comparison
Innovator U.S. Equity Buffer ETF - July (BJUL) and Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) have volatilities of 2.71% and 2.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.