IJUN vs. USOY

Last updated Jul 2, 2026

IJUN (Innovator International Developed Power Buffer ETF - June) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - IJUN is a Defined Outcome fund actively managed by Innovator, while USOY is a Derivative Income fund actively managed by Defiance. Both are actively managed. Over the past year, IJUN returned 12.19% vs 22.32% for USOY. At a correlation of -0.09, they often move in opposite directions. IJUN charges 0.85%/yr vs 1.22%/yr for USOY.

Performance

IJUN vs. USOY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - June (IJUN) and Defiance Oil Enhanced Options Income ETF (USOY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJUN achieves a 6.28% return, which is significantly lower than USOY's 27.31% return.

IJUN

• 1D: -0.38%
• 1M: 0.08%
• YTD: 6.28%
• 6M: 6.28%
• 1Y: 12.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USOY

• 1D: -3.01%
• 1M: -19.06%
• YTD: 27.31%
• 6M: 27.31%
• 1Y: 22.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IJUN vs. USOY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IJUN Innovator International Developed Power Buffer ETF - June	6.28%	18.70%	-2.46%
USOY Defiance Oil Enhanced Options Income ETF	27.31%	-7.93%	7.24%

Correlation

The correlation between IJUN and USOY is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.26
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	-0.09

The correlation between IJUN and USOY shifts across timeframes, from -0.26 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IJUN vs. USOY — Risk / Return Rank

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

IJUN

IJUN Risk / Return Rank: 56
IJUN Sharpe Ratio Rank: 53
IJUN Sortino Ratio Rank: 55
IJUN Omega Ratio Rank: 54
IJUN Calmar Ratio Rank: 56
IJUN Martin Ratio Rank: 63

USOY

USOY Risk / Return Rank: 23
USOY Sharpe Ratio Rank: 22
USOY Sortino Ratio Rank: 22
USOY Omega Ratio Rank: 24
USOY Calmar Ratio Rank: 21
USOY Martin Ratio Rank: 25

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. USOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - June (IJUN) and Defiance Oil Enhanced Options Income ETF (USOY). 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	USOY	Difference
Sharpe ratio: Return per unit of total volatility	1.54	0.71	+0.83
Sortino ratio: Return per unit of downside risk	2.24	1.09	+1.15
Omega ratio: Gain probability vs. loss probability	1.29	1.15	+0.14
Calmar ratio: Return relative to maximum drawdown	2.33	0.88	+1.45
Martin ratio: Return relative to average drawdown	9.56	3.02	+6.54

IJUN vs. USOY - Sharpe Ratio Comparison

The current IJUN Sharpe Ratio is 1.54, which is higher than the USOY Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of IJUN and USOY, 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. USOY - Drawdown Comparison

The maximum IJUN drawdown since its inception was -7.31%, smaller than the maximum USOY drawdown of -25.51%. Use the drawdown chart below to compare losses from any high point for IJUN and USOY.

Drawdown Indicators

	IJUN	USOY	Difference
Max Drawdown Largest peak-to-trough decline	-7.31%	-25.51%	+18.20%
Max Drawdown (1Y) Largest decline over 1 year	-5.25%	-25.51%	+20.26%
Current Drawdown Current decline from peak	-1.05%	-25.51%	+24.46%
Average Drawdown Average peak-to-trough decline	-1.67%	-6.83%	+5.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	7.40%	-6.12%

Volatility

IJUN vs. USOY - Volatility Comparison

The current volatility for Innovator International Developed Power Buffer ETF - June (IJUN) is 3.09%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 10.40%. This indicates that IJUN experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJUN	USOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	10.40%	-7.31%
Volatility (6M) Calculated over the trailing 6-month period	6.56%	29.05%	-22.49%
Volatility (1Y) Calculated over the trailing 1-year period	7.95%	31.45%	-23.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	26.73%	-17.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.95%	26.73%	-17.78%

IJUN vs. USOY - Expense Ratio Comparison

IJUN has a 0.85% expense ratio, which is lower than USOY's 1.22% expense ratio.

Dividends

IJUN vs. USOY - Dividend Comparison

IJUN has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 70.83%.

Position	TTM	2025	2024
IJUN Innovator International Developed Power Buffer ETF - June	0.00%	0.00%	0.00%
USOY Defiance Oil Enhanced Options Income ETF	70.83%	104.32%	48.60%

Frequently Asked Questions

Can I hold both IJUN and USOY in my portfolio?

IJUN and USOY have a correlation of -0.26, 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 USOY?

USOY has higher volatility (10.40%) compared to IJUN (3.09%). In terms of maximum drawdown, IJUN dropped -7.31% vs USOY's -25.51%.

Which ETF is better, IJUN or USOY?

On 1-year performance, USOY leads with 22.32% vs 12.19% for IJUN. On fees, IJUN is cheaper at 0.85% per year. On volatility, IJUN has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IJUN or USOY?

Over the 1-year period, USOY has performed better with a 22.32% return vs 12.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IJUN or USOY?

IJUN is cheaper with a 0.85% expense ratio, compared with 1.22% for USOY.

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

USOY has the higher dividend yield at 70.83%, compared with 0.00% for IJUN.

What is the main difference between IJUN and USOY?

IJUN is categorized as Defined Outcome, while USOY is Derivative Income. They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.85% for IJUN and 1.22% for USOY.

Which has better risk-adjusted returns?

IJUN currently has the higher Sharpe Ratio (1.54 vs 0.71), 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.