EJUL vs. QB

Last updated Jul 18, 2026

EJUL (Innovator Emerging Markets Power Buffer ETF - July) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds - EJUL tracks the MSCI Emerging Markets Index while QB tracks the Nasdaq-100. Both are passively managed. Over the past year, EJUL returned 7.31% vs 18.10% for QB. A 0.53 correlation means they provide meaningful diversification when combined. EJUL charges 0.89%/yr vs 0.58%/yr for QB.

Performance

EJUL vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Emerging Markets Power Buffer ETF - July (EJUL) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EJUL achieves a 0.65% return, which is significantly lower than QB's 12.31% return.

EJUL

• 1D: -0.93%
• 1M: -4.14%
• 6M: -0.86%
• YTD: 0.65%
• 1Y: 7.31%
• 3Y*: 8.44%
• 5Y*: 2.52%
• 10Y*: —

QB

• 1D: -0.09%
• 1M: 2.25%
• 6M: 11.31%
• YTD: 12.31%
• 1Y: 18.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EJUL vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
EJUL Innovator Emerging Markets Power Buffer ETF - July	0.65%	8.11%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.31%	6.10%

Correlation

The correlation between EJUL and QB is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.53

The correlation between EJUL and QB has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.

EJUL vs. QB - Sectors Allocation Comparison

Sectors	EJUL	QB
Technology	42.0%	49.9%
Financial Services	18.1%	0.2%
Consumer Cyclical	8.9%	12.5%
Industrials	6.9%	3.7%
Communication Services	6.3%	16.4%
Basic Materials	6.0%	1.3%
Energy	3.6%	0.6%
Consumer Defensive	2.7%	8.6%
Healthcare	2.6%	5.3%
Utilities	1.9%	1.6%
Real Estate	1.0%	0.1%

Return for Risk

EJUL vs. QB — Risk / Return Rank

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

EJUL

EJUL Risk / Return Rank: 40
EJUL Sharpe Ratio Rank: 33
EJUL Sortino Ratio Rank: 31
EJUL Omega Ratio Rank: 38
EJUL Calmar Ratio Rank: 41
EJUL Martin Ratio Rank: 55

QB

QB Risk / Return Rank: 94
QB Sharpe Ratio Rank: 93
QB Sortino Ratio Rank: 93
QB Omega Ratio Rank: 95
QB Calmar Ratio Rank: 94
QB Martin Ratio Rank: 96

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. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF - July (EJUL) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EJUL	QB	Difference
Sharpe ratio: Return per unit of total volatility	0.96	2.59	-1.62
Sortino ratio: Return per unit of downside risk	1.34	3.77	-2.43
Omega ratio: Gain probability vs. loss probability	1.20	1.61	-0.41
Calmar ratio: Return relative to maximum drawdown	1.64	5.23	-3.59
Martin ratio: Return relative to average drawdown	7.24	25.28	-18.04

EJUL vs. QB - Sharpe Ratio Comparison

The current EJUL Sharpe Ratio is 0.96, which is lower than the QB Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of EJUL and QB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EJUL vs. QB - Drawdown Comparison

The maximum EJUL drawdown since its inception was -21.61%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for EJUL and QB.

Drawdown Indicators

	EJUL	QB	Difference
Max Drawdown Largest peak-to-trough decline	-21.61%	-3.47%	-18.14%
Max Drawdown (1Y) Largest decline over 1 year	-4.48%	-3.47%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-8.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.98%	—	—
Current Drawdown Current decline from peak	-4.48%	-0.32%	-4.16%
Average Drawdown Average peak-to-trough decline	-6.51%	-0.42%	-6.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	0.72%	+0.29%

Volatility

EJUL vs. QB - Volatility Comparison

Innovator Emerging Markets Power Buffer ETF - July (EJUL) has a higher volatility of 4.50% compared to ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) at 2.70%. This indicates that EJUL's price experiences larger fluctuations and is considered to be riskier than QB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EJUL	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	2.70%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	6.37%	5.82%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	7.64%	7.03%	+0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.81%	6.89%	+3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.47%	6.89%	+4.58%

EJUL vs. QB - Expense Ratio Comparison

EJUL has a 0.89% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

EJUL vs. QB - Dividend Comparison

EJUL has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EJUL Innovator Emerging Markets Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.78%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EJUL and QB in my portfolio?

EJUL and QB have a correlation of 0.54, 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 QB?

EJUL has higher volatility (4.50%) compared to QB (2.70%). In terms of maximum drawdown, EJUL dropped -21.61% vs QB's -3.47%.

Which ETF is better, EJUL or QB?

On 1-year performance, QB leads with 18.10% vs 7.31% for EJUL. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EJUL or QB?

Over the 1-year period, QB has performed better with a 18.10% return vs 7.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EJUL or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.89% for EJUL.

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

QB has the higher dividend yield at 0.78%, compared with 0.00% for EJUL.

What is the main difference between EJUL and QB?

EJUL tracks MSCI Emerging Markets Index, while QB tracks Nasdaq-100. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.89% for EJUL and 0.58% for QB.

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (2.59 vs 0.96), 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.