IJUL vs. AIOO

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator International Developed Power Buffer ETF - July (IJUL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO).

IJUL and AIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJUL is a passively managed fund by Innovator that tracks the performance of the MSCI EAFE Index. It was launched on Jun 28, 2019. AIOO is an actively managed fund by Allianz. It was launched on Jun 30, 2025.

Performance

IJUL vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - July (IJUL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

IJUL vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
IJUL Innovator International Developed Power Buffer ETF - July	1.41%	4.88%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	-0.07%	2.67%

Returns By Period

In the year-to-date period, IJUL achieves a 1.41% return, which is significantly higher than AIOO's -0.07% return.

IJUL

• 1D: 0.68%
• 1M: -1.99%
• YTD: 1.41%
• 6M: 3.48%
• 1Y: 16.60%
• 3Y*: 10.22%
• 5Y*: 6.90%
• 10Y*: —

AIOO

• 1D: -0.08%
• 1M: -0.35%
• YTD: -0.07%
• 6M: 0.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IJUL vs. AIOO - Expense Ratio Comparison

IJUL has a 0.85% expense ratio, which is higher than AIOO's 0.64% expense ratio.

IJUL

Innovator International Developed Power Buffer ETF - July

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF

Return for Risk

IJUL vs. AIOO — Risk / Return Rank

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

IJUL

IJUL Risk / Return Rank: 85
IJUL Sharpe Ratio Rank: 83
IJUL Sortino Ratio Rank: 85
IJUL Omega Ratio Rank: 84
IJUL Calmar Ratio Rank: 86
IJUL Martin Ratio Rank: 87

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.

IJUL vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - July (IJUL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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.

	IJUL	AIOO	Difference
Sharpe ratio Return per unit of total volatility	1.71	—	—
Sortino ratio Return per unit of downside risk	2.36	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	2.92	—	—
Martin ratio Return relative to average drawdown	11.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IJUL	AIOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.76	-1.22

Correlation

The correlation between IJUL and AIOO is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IJUL vs. AIOO - Dividend Comparison

Neither IJUL nor AIOO has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
IJUL Innovator International Developed Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.99%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IJUL vs. AIOO - Drawdown Comparison

The maximum IJUL drawdown since its inception was -21.09%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for IJUL and AIOO.

Drawdown Indicators

	IJUL	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-21.09%	-0.74%	-20.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.59%	—	—
Current Drawdown Current decline from peak	-2.65%	-0.52%	-2.13%
Average Drawdown Average peak-to-trough decline	-2.60%	-0.19%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	—	—

Volatility

Volatility by Period

	IJUL	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	1.98%	+7.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.75%	1.98%	+7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.14%	1.98%	+9.16%