IJUN vs. BALT

Last updated Jun 23, 2026

IJUN (Innovator International Developed Power Buffer ETF - June) and BALT (Innovator Defined Wealth Shield ETF) are both Defined Outcome funds from Innovator. IJUN is actively managed, while BALT is passively managed. Over the past year, IJUN returned 15.23% vs 6.93% for BALT. A 0.56 correlation means they provide meaningful diversification when combined. IJUN charges 0.85%/yr vs 0.69%/yr for BALT.

Performance

IJUN vs. BALT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - June (IJUN) and Innovator Defined Wealth Shield ETF (BALT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJUN achieves a 7.11% return, which is significantly higher than BALT's 2.21% return.

IJUN

• 1D: 0.00%
• 1M: 1.23%
• YTD: 7.11%
• 6M: 7.53%
• 1Y: 15.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BALT

• 1D: 0.00%
• 1M: 0.47%
• YTD: 2.21%
• 6M: 2.54%
• 1Y: 6.93%
• 3Y*: 7.11%
• 5Y*: —
• 10Y*: —

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

IJUN vs. BALT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IJUN Innovator International Developed Power Buffer ETF - June	7.11%	18.70%	-2.46%
BALT Innovator Defined Wealth Shield ETF	2.21%	6.65%	6.54%

Correlation

The correlation between IJUN and BALT is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.56

The correlation between IJUN and BALT has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

Return for Risk

IJUN vs. BALT — Risk / Return Rank

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

IJUN

IJUN Risk / Return Rank: 62
IJUN Sharpe Ratio Rank: 59
IJUN Sortino Ratio Rank: 61
IJUN Omega Ratio Rank: 61
IJUN Calmar Ratio Rank: 61
IJUN Martin Ratio Rank: 68

BALT

BALT Risk / Return Rank: 94
BALT Sharpe Ratio Rank: 93
BALT Sortino Ratio Rank: 95
BALT Omega Ratio Rank: 95
BALT Calmar Ratio Rank: 93
BALT 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.

IJUN vs. BALT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - June (IJUN) and Innovator Defined Wealth Shield ETF (BALT). 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.

	IJUN	BALT	Difference
Sharpe ratio: Return per unit of total volatility	1.92	3.22	-1.30
Sortino ratio: Return per unit of downside risk	2.79	4.93	-2.13
Omega ratio: Gain probability vs. loss probability	1.36	1.69	-0.33
Calmar ratio: Return relative to maximum drawdown	2.91	6.04	-3.12
Martin ratio: Return relative to average drawdown	12.06	22.52	-10.46

IJUN vs. BALT - Sharpe Ratio Comparison

The current IJUN Sharpe Ratio is 1.92, which is lower than the BALT Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of IJUN and BALT, 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

IJUN vs. BALT - Drawdown Comparison

The maximum IJUN drawdown since its inception was -7.31%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for IJUN and BALT.

Drawdown Indicators

	IJUN	BALT	Difference
Max Drawdown Largest peak-to-trough decline	-7.31%	-4.89%	-2.42%
Max Drawdown (1Y) Largest decline over 1 year	-5.25%	-1.15%	-4.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.89%	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.68%	-0.34%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	0.31%	+0.96%

Volatility

IJUN vs. BALT - Volatility Comparison

Innovator International Developed Power Buffer ETF - June (IJUN) has a higher volatility of 2.83% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.30%. This indicates that IJUN's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJUN	BALT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	0.30%	+2.53%
Volatility (6M) Calculated over the trailing 6-month period	6.47%	1.47%	+5.00%
Volatility (1Y) Calculated over the trailing 1-year period	7.97%	2.16%	+5.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.97%	3.30%	+5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.97%	3.30%	+5.67%

IJUN vs. BALT - Expense Ratio Comparison

IJUN has a 0.85% expense ratio, which is higher than BALT's 0.69% expense ratio.

Dividends

IJUN vs. BALT - Dividend Comparison

Neither IJUN nor BALT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IJUN and BALT in my portfolio?

IJUN and BALT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IJUN or BALT?

IJUN has higher volatility (2.83%) compared to BALT (0.30%). In terms of maximum drawdown, IJUN dropped -7.31% vs BALT's -4.89%.

Which ETF is better, IJUN or BALT?

On 1-year performance, IJUN leads with 15.23% vs 6.93% for BALT. On fees, BALT is cheaper at 0.69% per year. On volatility, BALT has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJUN or BALT?

Over the 1-year period, IJUN has performed better with a 15.23% return vs 6.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJUN or BALT?

BALT is cheaper with a 0.69% expense ratio, compared with 0.85% for IJUN.

Which ETF pays a higher dividend yield, IJUN or BALT?

IJUN and BALT have nearly identical dividend yields, around 0.00%.

What is the main difference between IJUN and BALT?

Their fees differ too: 0.85% for IJUN and 0.69% for BALT.

Which has better risk-adjusted returns?

BALT currently has the higher Sharpe Ratio (3.22 vs 1.92), 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.