EBUF vs. EJUL

Last updated Apr 4, 2026

Compare and contrast key facts about Innovator Emerging Markets 10 Buffer ETF - Quarterly (EBUF) and Innovator Emerging Markets Power Buffer ETF - July (EJUL).

EBUF and EJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EBUF is an actively managed fund by Innovator. It was launched on Jun 28, 2024. EJUL is a passively managed fund by Innovator that tracks the performance of the MSCI Emerging Markets Index. It was launched on Jun 28, 2019.

Performance

EBUF vs. EJUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Emerging Markets 10 Buffer ETF - Quarterly (EBUF) and Innovator Emerging Markets Power Buffer ETF - July (EJUL). The values are adjusted to include any dividend payments, if applicable.

EBUF vs. EJUL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBUF Innovator Emerging Markets 10 Buffer ETF - Quarterly	2.98%	11.55%	2.86%
EJUL Innovator Emerging Markets Power Buffer ETF - July	0.73%	20.20%	0.43%

Returns By Period

In the year-to-date period, EBUF achieves a 2.98% return, which is significantly higher than EJUL's 0.73% return.

EBUF

• 1D: -0.48%
• 1M: 1.29%
• YTD: 2.98%
• 6M: 4.90%
• 1Y: 12.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EJUL

• 1D: -0.64%
• 1M: -0.95%
• YTD: 0.73%
• 6M: 2.47%
• 1Y: 19.23%
• 3Y*: 8.54%
• 5Y*: 2.34%
• 10Y*: —

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

EBUF vs. EJUL - Expense Ratio Comparison

Both EBUF and EJUL have an expense ratio of 0.89%.

EBUF

Innovator Emerging Markets 10 Buffer ETF - Quarterly

EJUL

Innovator Emerging Markets Power Buffer ETF - July

Return for Risk

EBUF vs. EJUL — Risk / Return Rank

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

EBUF

EBUF Risk / Return Rank: 81
EBUF Sharpe Ratio Rank: 79
EBUF Sortino Ratio Rank: 85
EBUF Omega Ratio Rank: 92
EBUF Calmar Ratio Rank: 57
EBUF Martin Ratio Rank: 91

EJUL

EJUL Risk / Return Rank: 88
EJUL Sharpe Ratio Rank: 87
EJUL Sortino Ratio Rank: 92
EJUL Omega Ratio Rank: 91
EJUL Calmar Ratio Rank: 80
EJUL Martin Ratio Rank: 93

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.

EBUF vs. EJUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets 10 Buffer ETF - Quarterly (EBUF) and Innovator Emerging Markets Power Buffer ETF - July (EJUL). 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.

	EBUF	EJUL	Difference
Sharpe ratio Return per unit of total volatility	1.54	1.88	-0.33
Sortino ratio Return per unit of downside risk	2.39	2.80	-0.41
Omega ratio Gain probability vs. loss probability	1.43	1.41	+0.01
Calmar ratio Return relative to maximum drawdown	1.81	2.85	-1.04
Martin ratio Return relative to average drawdown	14.14	15.32	-1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBUF vs. EJUL - Sharpe Ratio Comparison

The current EBUF Sharpe Ratio is 1.54, which is comparable to the EJUL Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of EBUF and EJUL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBUF	EJUL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.88	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	0.22	+1.31

Correlation

The correlation between EBUF and EJUL is 0.88, 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.

Dividends

EBUF vs. EJUL - Dividend Comparison

Neither EBUF nor EJUL has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
EBUF Innovator Emerging Markets 10 Buffer ETF - Quarterly	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EJUL Innovator Emerging Markets Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%

Drawdowns

EBUF vs. EJUL - Drawdown Comparison

The maximum EBUF drawdown since its inception was -6.49%, smaller than the maximum EJUL drawdown of -21.61%. Use the drawdown chart below to compare losses from any high point for EBUF and EJUL.

Drawdown Indicators

	EBUF	EJUL	Difference
Max Drawdown Largest peak-to-trough decline	-6.49%	-21.61%	+15.12%
Max Drawdown (1Y) Largest decline over 1 year	-3.28%	-3.81%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.61%	—
Current Drawdown Current decline from peak	-0.48%	-2.26%	+1.78%
Average Drawdown Average peak-to-trough decline	-0.53%	-6.77%	+6.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.18%	-0.36%

Volatility

EBUF vs. EJUL - Volatility Comparison

The current volatility for Innovator Emerging Markets 10 Buffer ETF - Quarterly (EBUF) is 3.05%, while Innovator Emerging Markets Power Buffer ETF - July (EJUL) has a volatility of 3.42%. This indicates that EBUF experiences smaller price fluctuations and is considered to be less risky than EJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBUF	EJUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	3.42%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	4.47%	5.23%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	7.57%	9.57%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.57%	10.61%	-4.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.57%	11.56%	-4.99%