EALT vs. TJUL
Compare and contrast key facts about Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) and Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL).
EALT and TJUL 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. TJUL is an actively managed fund by Innovator. It was launched on Jul 17, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EALT or TJUL.
Performance
EALT vs. TJUL - Performance Comparison
Returns By Period
In the year-to-date period, EALT achieves a 19.38% return, which is significantly higher than TJUL's 7.88% return.
EALT
19.38%
2.43%
11.60%
21.47%
N/A
N/A
TJUL
7.88%
0.78%
4.46%
10.46%
N/A
N/A
Key characteristics
| EALT | TJUL | |
|---|---|---|
| Sharpe Ratio | 2.50 | 3.18 |
| Sortino Ratio | 3.45 | 4.58 |
| Omega Ratio | 1.51 | 1.67 |
| Calmar Ratio | 3.69 | 6.58 |
| Martin Ratio | 16.27 | 28.79 |
| Ulcer Index | 1.32% | 0.36% |
| Daily Std Dev | 8.58% | 3.29% |
| Max Drawdown | -5.81% | -3.09% |
| Current Drawdown | 0.00% | 0.00% |
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EALT vs. TJUL - Expense Ratio Comparison
EALT has a 0.69% expense ratio, which is lower than TJUL's 0.79% expense ratio.
Correlation
The correlation between EALT and TJUL is 0.78, 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. TJUL - 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 Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL). 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. TJUL - Dividend Comparison
Neither EALT nor TJUL has paid dividends to shareholders.
Drawdowns
EALT vs. TJUL - Drawdown Comparison
The maximum EALT drawdown since its inception was -5.81%, which is greater than TJUL's maximum drawdown of -3.09%. Use the drawdown chart below to compare losses from any high point for EALT and TJUL. For additional features, visit the drawdowns tool.
Volatility
EALT vs. TJUL - Volatility Comparison
Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) has a higher volatility of 2.70% compared to Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) at 0.75%. This indicates that EALT's price experiences larger fluctuations and is considered to be riskier than TJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.