IMAR vs. PJUL
Compare and contrast key facts about Innovator International Developed Power Buffer ETF - March (IMAR) and Innovator U.S. Equity Power Buffer ETF - July (PJUL).
IMAR and PJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMAR is an actively managed fund by Innovator. It was launched on Feb 29, 2024. PJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Aug 7, 2018.
Performance
IMAR vs. PJUL - Performance Comparison
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IMAR vs. PJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IMAR Innovator International Developed Power Buffer ETF - March | -2.81% | 18.88% | -0.77% |
PJUL Innovator U.S. Equity Power Buffer ETF - July | -1.00% | 12.78% | 9.55% |
Returns By Period
In the year-to-date period, IMAR achieves a -2.81% return, which is significantly lower than PJUL's -1.00% return.
IMAR
- 1D
- 2.11%
- 1M
- -4.91%
- YTD
- -2.81%
- 6M
- 0.16%
- 1Y
- 9.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PJUL
- 1D
- 1.63%
- 1M
- -1.76%
- YTD
- -1.00%
- 6M
- 0.81%
- 1Y
- 14.38%
- 3Y*
- 13.26%
- 5Y*
- 9.37%
- 10Y*
- —
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IMAR vs. PJUL - Expense Ratio Comparison
IMAR has a 0.85% expense ratio, which is higher than PJUL's 0.79% expense ratio.
Return for Risk
IMAR vs. PJUL — Risk / Return Rank
IMAR
PJUL
IMAR vs. PJUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - March (IMAR) and Innovator U.S. Equity Power Buffer ETF - July (PJUL). 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.
| IMAR | PJUL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.43 | -0.38 |
Sortino ratioReturn per unit of downside risk | 1.44 | 2.17 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 2.10 | -0.76 |
Martin ratioReturn relative to average drawdown | 5.32 | 11.87 | -6.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IMAR | PJUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.43 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.83 | -0.09 |
Correlation
The correlation between IMAR and PJUL is 0.63, 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
IMAR vs. PJUL - Dividend Comparison
Neither IMAR nor PJUL has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IMAR Innovator International Developed Power Buffer ETF - March | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PJUL Innovator U.S. Equity Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% |
Drawdowns
IMAR vs. PJUL - Drawdown Comparison
The maximum IMAR drawdown since its inception was -9.05%, smaller than the maximum PJUL drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for IMAR and PJUL.
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Drawdown Indicators
| IMAR | PJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.05% | -18.17% | +9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.91% | -6.99% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.69% | — |
Current DrawdownCurrent decline from peak | -4.91% | -2.07% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -1.50% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.24% | +0.50% |
Volatility
IMAR vs. PJUL - Volatility Comparison
Innovator International Developed Power Buffer ETF - March (IMAR) has a higher volatility of 4.82% compared to Innovator U.S. Equity Power Buffer ETF - July (PJUL) at 2.90%. This indicates that IMAR's price experiences larger fluctuations and is considered to be riskier than PJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMAR | PJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 2.90% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 5.79% | 4.16% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.31% | 10.09% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.21% | 8.58% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.21% | 10.12% | -0.91% |