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.
Key characteristics
| BJUL | EALT | |
|---|---|---|
| YTD Return | 17.51% | 17.33% |
| 1Y Return | 28.51% | 25.15% |
| Sharpe Ratio | 3.19 | 2.82 |
| Sortino Ratio | 4.35 | 3.89 |
| Omega Ratio | 1.64 | 1.57 |
| Calmar Ratio | 3.73 | 4.24 |
| Martin Ratio | 23.17 | 18.52 |
| Ulcer Index | 1.20% | 1.33% |
| Daily Std Dev | 8.72% | 8.74% |
| Max Drawdown | -24.03% | -5.81% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
BJUL vs. EALT - Performance Comparison
The year-to-date returns for both stocks are quite close, with BJUL having a 17.51% return and EALT slightly lower at 17.33%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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
The current volatility for Innovator U.S. Equity Buffer ETF - July (BJUL) is 1.61%, while Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) has a volatility of 1.80%. This indicates that BJUL experiences smaller price fluctuations and is considered to be less risky than EALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.