BJUN vs. BOUT
BJUN (Innovator U.S. Equity Buffer ETF - June) and BOUT (Innovator IBD Breakout Opportunities ETF) are both exchange-traded funds - BJUN is a Defined Outcome fund tracking the S&P 500 Price Return Index, while BOUT is a Mid Cap Growth Equities fund tracking the IBD Breakout Stocks Total Return Index. Both are passively managed. Over the past 5 years, BJUN returned 8.67%/yr vs 8.25%/yr for BOUT. A 0.68 correlation means they provide meaningful diversification when combined. BJUN charges 0.79%/yr vs 0.80%/yr for BOUT.
Performance
BJUN vs. BOUT - Performance Comparison
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Returns By Period
In the year-to-date period, BJUN achieves a 4.45% return, which is significantly lower than BOUT's 31.39% return.
BJUN
- 1D
- -0.51%
- 1M
- 0.57%
- YTD
- 4.45%
- 6M
- 5.26%
- 1Y
- 14.41%
- 3Y*
- 14.50%
- 5Y*
- 8.67%
- 10Y*
- —
BOUT
- 1D
- -0.01%
- 1M
- 5.85%
- YTD
- 31.39%
- 6M
- 30.30%
- 1Y
- 35.27%
- 3Y*
- 17.42%
- 5Y*
- 8.25%
- 10Y*
- —
BJUN vs. BOUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BJUN Innovator U.S. Equity Buffer ETF - June | 4.45% | 12.57% | 16.31% | 16.81% | -11.47% | 10.73% | 10.14% | 11.52% |
BOUT Innovator IBD Breakout Opportunities ETF | 31.39% | -6.77% | 18.82% | 13.27% | -22.60% | 22.69% | 50.56% | 4.07% |
Correlation
The correlation between BJUN and BOUT is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.68 |
The correlation between BJUN and BOUT has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
BJUN vs. BOUT — Risk / Return Rank
BJUN
BOUT
BJUN vs. BOUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - June (BJUN) and Innovator IBD Breakout Opportunities ETF (BOUT). 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.
| BJUN | BOUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.30 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 3.01 | +0.31 |
| Martin ratioReturn relative to average drawdown | 18.84 | 9.00 | +9.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BJUN | BOUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 1.71 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.43 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.41 | +0.33 |
Drawdowns
BJUN vs. BOUT - Drawdown Comparison
The maximum BJUN drawdown since its inception was -22.71%, smaller than the maximum BOUT drawdown of -36.75%. Use the drawdown chart below to compare losses from any high point for BJUN and BOUT.
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Drawdown Indicators
| BJUN | BOUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.71% | -36.75% | +14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -11.76% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -25.31% | +12.62% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -28.28% | +11.59% |
Current DrawdownCurrent decline from peak | -0.51% | -0.01% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -12.29% | +9.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 3.93% | -3.16% |
Volatility
BJUN vs. BOUT - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - June (BJUN) is 0.63%, while Innovator IBD Breakout Opportunities ETF (BOUT) has a volatility of 5.96%. This indicates that BJUN experiences smaller price fluctuations and is considered to be less risky than BOUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BJUN | BOUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 5.96% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 16.05% | -11.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.40% | 20.79% | -14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.88% | 19.48% | -8.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 22.93% | -9.72% |
BJUN vs. BOUT - Expense Ratio Comparison
BJUN has a 0.79% expense ratio, which is lower than BOUT's 0.80% expense ratio.
Dividends
BJUN vs. BOUT - Dividend Comparison
BJUN has not paid dividends to shareholders, while BOUT's dividend yield for the trailing twelve months is around 0.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BJUN Innovator U.S. Equity Buffer ETF - June | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BOUT Innovator IBD Breakout Opportunities ETF | 0.26% | 0.34% | 0.60% | 1.32% | 1.35% | 0.00% | 0.00% | 0.00% | 0.22% |
Frequently Asked Questions
BJUN and BOUT have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOUT has higher volatility (5.96%) compared to BJUN (0.63%). In terms of maximum drawdown, BJUN dropped -22.71% vs BOUT's -36.75%.
On 5-year performance, BJUN leads with 8.67% vs 8.25% for BOUT. On fees, BJUN is cheaper at 0.79% per year. On volatility, BJUN has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BJUN has performed better with a 8.67% return vs 8.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BJUN is cheaper with a 0.79% expense ratio, compared with 0.80% for BOUT.
BOUT has the higher dividend yield at 0.26%, compared with 0.00% for BJUN.
BJUN is categorized as Defined Outcome, while BOUT is Mid Cap Growth Equities. BJUN tracks S&P 500 Price Return Index, while BOUT tracks IBD Breakout Stocks Total Return Index. Their fees differ too: 0.79% for BJUN and 0.80% for BOUT.
BJUN currently has the higher Sharpe Ratio (2.27 vs 1.71), 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.
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