EALT vs. BJUL
Compare and contrast key facts about Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and Innovator U.S. Equity Buffer ETF - July (BJUL).
EALT and BJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EALT is an actively managed fund by Innovator. It was launched on Sep 29, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EALT or BJUL.
Performance
EALT vs. BJUL - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with EALT having a 19.38% return and BJUL slightly lower at 19.05%.
EALT
19.38%
2.43%
11.60%
21.47%
N/A
N/A
BJUL
19.05%
2.03%
8.90%
23.76%
10.67%
N/A
Key characteristics
| EALT | BJUL | |
|---|---|---|
| Sharpe Ratio | 2.50 | 2.82 |
| Sortino Ratio | 3.45 | 3.81 |
| Omega Ratio | 1.51 | 1.57 |
| Calmar Ratio | 3.69 | 3.92 |
| Martin Ratio | 16.27 | 20.06 |
| Ulcer Index | 1.32% | 1.18% |
| Daily Std Dev | 8.58% | 8.44% |
| Max Drawdown | -5.81% | -24.03% |
| Current Drawdown | 0.00% | -0.16% |
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EALT vs. BJUL - Expense Ratio Comparison
EALT has a 0.69% expense ratio, which is lower than BJUL's 0.79% expense ratio.
Correlation
The correlation between EALT and BJUL 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.
Risk-Adjusted Performance
EALT vs. BJUL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and Innovator U.S. Equity Buffer ETF - July (BJUL). 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
EALT vs. BJUL - Dividend Comparison
Neither EALT nor BJUL has paid dividends to shareholders.
Drawdowns
EALT vs. BJUL - Drawdown Comparison
The maximum EALT drawdown since its inception was -5.81%, smaller than the maximum BJUL drawdown of -24.03%. Use the drawdown chart below to compare losses from any high point for EALT and BJUL. For additional features, visit the drawdowns tool.
Volatility
EALT vs. BJUL - Volatility Comparison
Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and Innovator U.S. Equity Buffer ETF - July (BJUL) have volatilities of 2.70% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.