EJUL vs. BUFP

Last updated Jun 4, 2026

EJUL (Innovator Emerging Markets Power Buffer ETF - July) and BUFP (PGIM Laddered S&P 500 Buffer 12 ETF) are both Defined Outcome funds - EJUL tracks the MSCI Emerging Markets Index while BUFP tracks the S&P 500. Both are passively managed. Over the past year, EJUL returned 18.82% vs 17.24% for BUFP. A 0.57 correlation means they provide meaningful diversification when combined. EJUL charges 0.89%/yr vs 0.50%/yr for BUFP.

Performance

EJUL vs. BUFP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Emerging Markets Power Buffer ETF - July (EJUL) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EJUL achieves a 4.63% return, which is significantly lower than BUFP's 6.23% return.

EJUL

• 1D: -0.23%
• 1M: 0.57%
• YTD: 4.63%
• 6M: 6.20%
• 1Y: 18.82%
• 3Y*: 10.25%
• 5Y*: 3.01%
• 10Y*: —

BUFP

• 1D: -0.22%
• 1M: 2.04%
• YTD: 6.23%
• 6M: 7.00%
• 1Y: 17.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EJUL vs. BUFP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EJUL Innovator Emerging Markets Power Buffer ETF - July	4.63%	20.20%	1.33%
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	6.23%	12.92%	6.36%

Correlation

The correlation between EJUL and BUFP is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Jun 14, 2024	0.57

The correlation between EJUL and BUFP has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

EJUL vs. BUFP - Sectors Allocation Comparison

Sectors	EJUL	BUFP
Technology	37.0%	36.2%
Financial Services	19.4%	11.9%
Consumer Cyclical	9.6%	10.1%
Industrials	7.5%	8.1%
Communication Services	6.9%	10.9%
Basic Materials	6.5%	1.8%
Energy	4.0%	3.5%
Consumer Defensive	3.0%	4.9%
Healthcare	2.9%	8.4%
Utilities	2.1%	2.3%
Real Estate	1.1%	1.9%

Return for Risk

EJUL vs. BUFP — Risk / Return Rank

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

EJUL

EJUL Risk / Return Rank: 87
EJUL Sharpe Ratio Rank: 80
EJUL Sortino Ratio Rank: 87
EJUL Omega Ratio Rank: 89
EJUL Calmar Ratio Rank: 87
EJUL Martin Ratio Rank: 91

BUFP

BUFP Risk / Return Rank: 86
BUFP Sharpe Ratio Rank: 84
BUFP Sortino Ratio Rank: 89
BUFP Omega Ratio Rank: 89
BUFP Calmar Ratio Rank: 77
BUFP Martin Ratio Rank: 91

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.

EJUL vs. BUFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - July (EJUL) and PGIM Laddered S&P 500 Buffer 12 ETF (BUFP). 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.

	EJUL	BUFP	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.77	-0.18
Sortino ratio: Return per unit of downside risk	3.95	4.12	-0.17
Omega ratio: Gain probability vs. loss probability	1.56	1.58	-0.02
Calmar ratio: Return relative to maximum drawdown	4.96	3.93	+1.04
Martin ratio: Return relative to average drawdown	21.65	21.96	-0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EJUL vs. BUFP - Sharpe Ratio Comparison

The current EJUL Sharpe Ratio is 2.59, which is comparable to the BUFP Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of EJUL and BUFP, 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

	EJUL	BUFP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.77	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.40	-1.13

Drawdowns

EJUL vs. BUFP - Drawdown Comparison

The maximum EJUL drawdown since its inception was -21.61%, which is greater than BUFP's maximum drawdown of -11.98%. Use the drawdown chart below to compare losses from any high point for EJUL and BUFP.

Drawdown Indicators

	EJUL	BUFP	Difference
Max Drawdown Largest peak-to-trough decline	-21.61%	-11.98%	-9.63%
Max Drawdown (1Y) Largest decline over 1 year	-3.81%	-4.41%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	-8.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	—	—
Current Drawdown Current decline from peak	-0.23%	-0.22%	-0.01%
Average Drawdown Average peak-to-trough decline	-6.61%	-1.00%	-5.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	0.79%	+0.08%

Volatility

EJUL vs. BUFP - Volatility Comparison

The current volatility for Innovator Emerging Markets Power Buffer ETF - July (EJUL) is 0.83%, while PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) has a volatility of 0.95%. This indicates that EJUL experiences smaller price fluctuations and is considered to be less risky than BUFP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EJUL	BUFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	0.95%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	4.73%	4.82%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	7.30%	6.27%	+1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.66%	9.49%	+1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.45%	9.49%	+1.96%

EJUL vs. BUFP - Expense Ratio Comparison

EJUL has a 0.89% expense ratio, which is higher than BUFP's 0.50% expense ratio.

Dividends

EJUL vs. BUFP - Dividend Comparison

EJUL has not paid dividends to shareholders, while BUFP's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BUFP PGIM Laddered S&P 500 Buffer 12 ETF	0.01%	0.01%	0.02%	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%

Frequently Asked Questions

Can I hold both EJUL and BUFP in my portfolio?

EJUL and BUFP have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EJUL or BUFP?

BUFP has higher volatility (0.95%) compared to EJUL (0.83%). In terms of maximum drawdown, EJUL dropped -21.61% vs BUFP's -11.98%.

Which ETF is better, EJUL or BUFP?

On 1-year performance, EJUL leads with 18.82% vs 17.24% for BUFP. On fees, BUFP is cheaper at 0.50% per year. On volatility, EJUL has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EJUL or BUFP?

Over the 1-year period, EJUL has performed better with a 18.82% return vs 17.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EJUL or BUFP?

BUFP is cheaper with a 0.50% expense ratio, compared with 0.89% for EJUL.

Which ETF pays a higher dividend yield, EJUL or BUFP?

BUFP has the higher dividend yield at 0.01%, compared with 0.00% for EJUL.

What is the main difference between EJUL and BUFP?

EJUL tracks MSCI Emerging Markets Index, while BUFP tracks S&P 500. They also come from different issuers: Innovator and PGIM. Their fees differ too: 0.89% for EJUL and 0.50% for BUFP.

Which has better risk-adjusted returns?

BUFP currently has the higher Sharpe Ratio (2.77 vs 2.59), 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.