IBUF vs. LJUL

Last updated Apr 7, 2026

Compare and contrast key facts about Innovator International Developed 10 Buffer ETF - Quarterly (IBUF) and Innovator Premium Income 15 Buffer ETF - July (LJUL).

IBUF and LJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBUF is an actively managed fund by Innovator. It was launched on Jun 28, 2024. LJUL is an actively managed fund by Innovator. It was launched on Jun 28, 2024.

Performance

IBUF vs. LJUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed 10 Buffer ETF - Quarterly (IBUF) and Innovator Premium Income 15 Buffer ETF - July (LJUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBUF achieves a 1.93% return, which is significantly higher than LJUL's 0.93% return.

IBUF

• 1D: 0.53%
• 1M: 1.16%
• YTD: 1.93%
• 6M: 3.89%
• 1Y: 17.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LJUL

• 1D: 0.10%
• 1M: 0.67%
• YTD: 0.93%
• 6M: 2.22%
• 1Y: 7.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBUF vs. LJUL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IBUF Innovator International Developed 10 Buffer ETF - Quarterly	1.93%	13.54%	2.77%
LJUL Innovator Premium Income 15 Buffer ETF - July	0.93%	5.91%	3.27%

Correlation

The correlation between IBUF and LJUL is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

IBUF vs. LJUL - Expense Ratio Comparison

IBUF has a 0.85% expense ratio, which is higher than LJUL's 0.79% expense ratio.

IBUF

Innovator International Developed 10 Buffer ETF - Quarterly

LJUL

Innovator Premium Income 15 Buffer ETF - July

Return for Risk

IBUF vs. LJUL — Risk / Return Rank

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

IBUF

IBUF Risk / Return Rank: 89
IBUF Sharpe Ratio Rank: 90
IBUF Sortino Ratio Rank: 97
IBUF Omega Ratio Rank: 96
IBUF Calmar Ratio Rank: 67
IBUF Martin Ratio Rank: 92

LJUL

LJUL Risk / Return Rank: 86
LJUL Sharpe Ratio Rank: 82
LJUL Sortino Ratio Rank: 95
LJUL Omega Ratio Rank: 97
LJUL Calmar Ratio Rank: 60
LJUL 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.

IBUF vs. LJUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed 10 Buffer ETF - Quarterly (IBUF) and Innovator Premium Income 15 Buffer ETF - July (LJUL). 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.

	IBUF	LJUL	Difference
Sharpe ratio Return per unit of total volatility	2.67	2.25	+0.42
Sortino ratio Return per unit of downside risk	5.00	4.43	+0.57
Omega ratio Gain probability vs. loss probability	1.71	1.86	-0.15
Calmar ratio Return relative to maximum drawdown	2.43	2.17	+0.26
Martin ratio Return relative to average drawdown	16.22	21.76	-5.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBUF vs. LJUL - Sharpe Ratio Comparison

The current IBUF Sharpe Ratio is 2.67, which is comparable to the LJUL Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of IBUF and LJUL, 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

	IBUF	LJUL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.25	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	1.72	-0.06

Drawdowns

IBUF vs. LJUL - Drawdown Comparison

The maximum IBUF drawdown since its inception was -5.92%, which is greater than LJUL's maximum drawdown of -3.21%. Use the drawdown chart below to compare losses from any high point for IBUF and LJUL.

Drawdown Indicators

	IBUF	LJUL	Difference
Max Drawdown Largest peak-to-trough decline	-5.92%	-3.21%	-2.71%
Max Drawdown (1Y) Largest decline over 1 year	-2.17%	-1.08%	-1.09%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.47%	-0.13%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	0.26%	+0.49%

Volatility

IBUF vs. LJUL - Volatility Comparison

Innovator International Developed 10 Buffer ETF - Quarterly (IBUF) has a higher volatility of 2.24% compared to Innovator Premium Income 15 Buffer ETF - July (LJUL) at 0.76%. This indicates that IBUF's price experiences larger fluctuations and is considered to be riskier than LJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBUF	LJUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	0.76%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	3.60%	1.30%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	6.55%	3.59%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	3.39%	+2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.29%	3.39%	+2.90%

Dividends

IBUF vs. LJUL - Dividend Comparison

IBUF has not paid dividends to shareholders, while LJUL's dividend yield for the trailing twelve months is around 5.29%.

	TTM	2025	2024
IBUF Innovator International Developed 10 Buffer ETF - Quarterly	0.00%	0.00%	0.00%
LJUL Innovator Premium Income 15 Buffer ETF - July	5.29%	5.36%	2.78%