DIVB vs. UJUN
DIVB (iShares U.S. Dividend and Buyback ETF) and UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) are both Large Cap Blend Equities funds - DIVB tracks the Morningstar US Dividend and Buyback Index while UJUN tracks the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. Both are passively managed. Over the past 5 years, DIVB returned 12.19%/yr vs 6.38%/yr for UJUN. A 0.78 correlation means they provide meaningful diversification when combined. DIVB charges 0.25%/yr vs 0.79%/yr for UJUN.
Performance
DIVB vs. UJUN - Performance Comparison
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Returns By Period
In the year-to-date period, DIVB achieves a 17.35% return, which is significantly higher than UJUN's 3.32% return.
DIVB
- 1D
- -0.56%
- 1M
- 8.55%
- YTD
- 17.35%
- 6M
- 17.71%
- 1Y
- 29.81%
- 3Y*
- 22.07%
- 5Y*
- 12.19%
- 10Y*
- —
UJUN
- 1D
- -0.30%
- 1M
- 0.45%
- YTD
- 3.32%
- 6M
- 4.16%
- 1Y
- 10.04%
- 3Y*
- 11.26%
- 5Y*
- 6.38%
- 10Y*
- —
DIVB vs. UJUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DIVB iShares U.S. Dividend and Buyback ETF | 17.35% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 20.04% |
UJUN Innovator U.S. Equity Ultra Buffer ETF - June | 3.32% | 10.63% | 12.49% | 12.17% | -8.86% | 5.09% | 7.15% | 6.80% |
Correlation
The correlation between DIVB and UJUN is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.78 |
Over the past year, the correlation between DIVB and UJUN has dropped to 0.56 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
DIVB vs. UJUN — Risk / Return Rank
DIVB
UJUN
DIVB vs. UJUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Dividend and Buyback ETF (DIVB) 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.
| DIVB | UJUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.55 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 3.55 | +0.83 |
| Martin ratioReturn relative to average drawdown | 14.95 | 21.84 | -6.89 |
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
| DIVB | UJUN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.40 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.77 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.77 | -0.01 |
Drawdowns
DIVB vs. UJUN - Drawdown Comparison
The maximum DIVB drawdown since its inception was -36.93%, which is greater than UJUN's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for DIVB and UJUN.
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Drawdown Indicators
| DIVB | UJUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -13.73% | -23.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -2.84% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -11.24% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -11.96% | -9.12% |
Current DrawdownCurrent decline from peak | -0.56% | -0.30% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -2.07% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.46% | +1.54% |
Volatility
DIVB vs. UJUN - Volatility Comparison
iShares U.S. Dividend and Buyback ETF (DIVB) has a higher volatility of 3.34% compared to Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) at 0.41%. This indicates that DIVB'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.
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Volatility by Period
| DIVB | UJUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 0.41% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | 3.25% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 4.25% | +7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 8.32% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 8.77% | +9.61% |
DIVB vs. UJUN - Expense Ratio Comparison
DIVB has a 0.25% expense ratio, which is lower than UJUN's 0.79% expense ratio.
Dividends
DIVB vs. UJUN - Dividend Comparison
DIVB's dividend yield for the trailing twelve months is around 2.19%, while UJUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares U.S. Dividend and Buyback ETF | 2.19% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
DIVB and UJUN have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (3.34%) compared to UJUN (0.41%). In terms of maximum drawdown, DIVB dropped -36.93% vs UJUN's -13.73%.
On 5-year performance, DIVB leads with 12.19% vs 6.38% for UJUN. On fees, DIVB is cheaper at 0.25% per year. On volatility, UJUN has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.19% return vs 6.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.25% expense ratio, compared with 0.79% for UJUN.
DIVB has the higher dividend yield at 2.19%, compared with 0.00% for UJUN.
DIVB tracks Morningstar US Dividend and Buyback Index, while UJUN tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.25% for DIVB and 0.79% for UJUN.
DIVB currently has the higher Sharpe Ratio (2.65 vs 2.40), 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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