DLAG vs. LJUL

Last updated Jun 6, 2026

DLAG (FT Vest U.S. Equity Dual Directional Buffer ETF - August) and LJUL (Innovator Premium Income 15 Buffer ETF - July) are both Defined Outcome funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. DLAG charges 0.85%/yr vs 0.79%/yr for LJUL.

Performance

DLAG vs. LJUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Dual Directional Buffer ETF - August (DLAG) and Innovator Premium Income 15 Buffer ETF - July (LJUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DLAG achieves a 4.75% return, which is significantly higher than LJUL's 1.87% return.

DLAG

• 1D: -0.63%
• 1M: 0.63%
• YTD: 4.75%
• 6M: 5.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LJUL

• 1D: -0.02%
• 1M: 0.43%
• YTD: 1.87%
• 6M: 2.26%
• 1Y: 5.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DLAG vs. LJUL - Yearly Performance Comparison

	2026 (YTD)	2025
DLAG FT Vest U.S. Equity Dual Directional Buffer ETF - August	4.75%	2.18%
LJUL Innovator Premium Income 15 Buffer ETF - July	1.87%	1.46%

Correlation

The correlation between DLAG and LJUL is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025	0.75

Return for Risk

DLAG vs. LJUL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LJUL

LJUL Risk / Return Rank: 97
LJUL Sharpe Ratio Rank: 95
LJUL Sortino Ratio Rank: 97
LJUL Omega Ratio Rank: 97
LJUL Calmar Ratio Rank: 97
LJUL Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DLAG vs. LJUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Dual Directional Buffer ETF - August (DLAG) and Innovator Premium Income 15 Buffer ETF - July (LJUL). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DLAG	LJUL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	1.79	-0.23

Drawdowns

DLAG vs. LJUL - Drawdown Comparison

The maximum DLAG drawdown since its inception was -4.23%, which is greater than LJUL's maximum drawdown of -3.21%. Use the drawdown chart below to compare losses from any high point for DLAG and LJUL.

Drawdown Indicators

	DLAG	LJUL	Difference
Max Drawdown Largest peak-to-trough decline	-4.23%	-3.21%	-1.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.52%	—
Current Drawdown Current decline from peak	-0.63%	-0.02%	-0.61%
Average Drawdown Average peak-to-trough decline	-0.56%	-0.11%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.10%	—

Volatility

Volatility by Period

	DLAG	LJUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.54%	1.59%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.54%	3.24%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.54%	3.24%	+3.30%

DLAG vs. LJUL - Expense Ratio Comparison

DLAG has a 0.85% expense ratio, which is higher than LJUL's 0.79% expense ratio.

Dividends

DLAG vs. LJUL - Dividend Comparison

DLAG has not paid dividends to shareholders, while LJUL's dividend yield for the trailing twelve months is around 5.23%.

Position	TTM	2025	2024
DLAG FT Vest U.S. Equity Dual Directional Buffer ETF - August	0.00%	0.00%	0.00%
LJUL Innovator Premium Income 15 Buffer ETF - July	5.23%	5.36%	2.78%

Frequently Asked Questions

Can I hold both DLAG and LJUL in my portfolio?

DLAG and LJUL have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DLAG or LJUL?

On fees, LJUL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DLAG or LJUL?

LJUL is cheaper with a 0.79% expense ratio, compared with 0.85% for DLAG.

Which ETF pays a higher dividend yield, DLAG or LJUL?

LJUL has the higher dividend yield at 5.23%, compared with 0.00% for DLAG.

What is the main difference between DLAG and LJUL?

They also come from different issuers: First Trust and Innovator. Their fees differ too: 0.85% for DLAG and 0.79% for LJUL.