BJUL vs. UJUL
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - July (BJUL) and Innovator U.S. Equity Ultra Buffer ETF - July (UJUL).
BJUL and UJUL 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. UJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect September Series Index. It was launched on Aug 8, 2018. Both BJUL and UJUL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BJUL or UJUL.
Key characteristics
| BJUL | UJUL | |
|---|---|---|
| YTD Return | 17.51% | 12.90% |
| 1Y Return | 28.51% | 21.01% |
| 3Y Return (Ann) | 10.91% | 7.86% |
| 5Y Return (Ann) | 11.02% | 6.41% |
| Sharpe Ratio | 3.19 | 3.31 |
| Sortino Ratio | 4.35 | 4.83 |
| Omega Ratio | 1.64 | 1.71 |
| Calmar Ratio | 3.73 | 3.64 |
| Martin Ratio | 23.17 | 25.18 |
| Ulcer Index | 1.20% | 0.82% |
| Daily Std Dev | 8.72% | 6.20% |
| Max Drawdown | -24.03% | -14.11% |
| Current Drawdown | 0.00% | -0.03% |
Correlation
The correlation between BJUL and UJUL is 0.89, 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. UJUL - Performance Comparison
In the year-to-date period, BJUL achieves a 17.51% return, which is significantly higher than UJUL's 12.90% return. 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. UJUL - Expense Ratio Comparison
Both BJUL and UJUL have an expense ratio of 0.79%.
Risk-Adjusted Performance
BJUL vs. UJUL - 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 Ultra Buffer ETF - July (UJUL). 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. UJUL - Dividend Comparison
Neither BJUL nor UJUL has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
BJUL Innovator U.S. Equity Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJUL Innovator U.S. Equity Ultra Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.43% |
Drawdowns
BJUL vs. UJUL - Drawdown Comparison
The maximum BJUL drawdown since its inception was -24.03%, which is greater than UJUL's maximum drawdown of -14.11%. Use the drawdown chart below to compare losses from any high point for BJUL and UJUL. For additional features, visit the drawdowns tool.
Volatility
BJUL vs. UJUL - Volatility Comparison
Innovator U.S. Equity Buffer ETF - July (BJUL) has a higher volatility of 1.61% compared to Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) at 1.30%. This indicates that BJUL's price experiences larger fluctuations and is considered to be riskier than UJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.