JULB vs. ZFEB
JULB (Aptus July Buffer ETF) and ZFEB (Innovator Equity Defined Protection ETF - 1 Yr February) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. JULB charges 0.25%/yr vs 0.79%/yr for ZFEB.
Performance
JULB vs. ZFEB - Performance Comparison
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Returns By Period
In the year-to-date period, JULB achieves a 6.38% return, which is significantly higher than ZFEB's 2.19% return.
JULB
- 1D
- -0.37%
- 1M
- 0.61%
- YTD
- 6.38%
- 6M
- 6.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZFEB
- 1D
- -0.06%
- 1M
- 0.00%
- YTD
- 2.19%
- 6M
- 2.25%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JULB vs. ZFEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JULB Aptus July Buffer ETF | 6.38% | 2.44% |
ZFEB Innovator Equity Defined Protection ETF - 1 Yr February | 2.19% | 1.74% |
Correlation
The correlation between JULB and ZFEB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.84 |
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Return for Risk
JULB vs. ZFEB — Risk / Return Rank
JULB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZFEB
JULB vs. ZFEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus July Buffer ETF (JULB) and Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB). 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.
| JULB | ZFEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.73 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.39 | — |
| Martin ratioReturn relative to average drawdown | — | 26.07 | — |
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Drawdowns
JULB vs. ZFEB - Drawdown Comparison
The maximum JULB drawdown since its inception was -5.24%, which is greater than ZFEB's maximum drawdown of -3.00%. Use the drawdown chart below to compare losses from any high point for JULB and ZFEB.
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Drawdown Indicators
| JULB | ZFEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -3.00% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.35% | — |
Current DrawdownCurrent decline from peak | -0.43% | -0.23% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -0.36% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.28% | — |
Volatility
JULB vs. ZFEB - Volatility Comparison
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Volatility by Period
| JULB | ZFEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.84% | 2.18% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 2.86% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.84% | 2.86% | +3.98% |
JULB vs. ZFEB - Expense Ratio Comparison
JULB has a 0.25% expense ratio, which is lower than ZFEB's 0.79% expense ratio.
Dividends
JULB vs. ZFEB - Dividend Comparison
Neither JULB nor ZFEB has paid dividends to shareholders.
Frequently Asked Questions
JULB and ZFEB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JULB is cheaper with a 0.25% expense ratio, compared with 0.79% for ZFEB.
JULB and ZFEB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Aptus Capital Advisors and Innovator. Their fees differ too: 0.25% for JULB and 0.79% for ZFEB.
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