JULH vs. BAMU

Last updated Jun 23, 2026

JULH (Innovator Premium Income 20 Barrier ETF - July) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - JULH is a Options Trading fund actively managed by Innovator, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. Both are actively managed. Over the past year, JULH returned 5.09% vs 2.91% for BAMU. At a correlation of -0.01, they often move in opposite directions. JULH charges 0.79%/yr vs 1.09%/yr for BAMU.

Performance

JULH vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 20 Barrier ETF - July (JULH) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JULH achieves a 2.40% return, which is significantly higher than BAMU's 1.18% return.

JULH

• 1D: 0.02%
• 1M: 0.26%
• YTD: 2.40%
• 6M: 0.84%
• 1Y: 5.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULH vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JULH Innovator Premium Income 20 Barrier ETF - July	2.40%	5.39%	6.93%	3.84%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	4.14%	1.20%

Correlation

The correlation between JULH and BAMU is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Sep 27, 2023	-0.01

The correlation between JULH and BAMU shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JULH vs. BAMU — Risk / Return Rank

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

JULH

JULH Risk / Return Rank: 59
JULH Sharpe Ratio Rank: 56
JULH Sortino Ratio Rank: 49
JULH Omega Ratio Rank: 82
JULH Calmar Ratio Rank: 62
JULH Martin Ratio Rank: 46

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

JULH vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 20 Barrier ETF - July (JULH) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	JULH	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	1.83	5.01	-3.18
Sortino ratio: Return per unit of downside risk	2.33	8.84	-6.51
Omega ratio: Gain probability vs. loss probability	1.47	2.43	-0.95
Calmar ratio: Return relative to maximum drawdown	2.97	24.72	-21.75
Martin ratio: Return relative to average drawdown	7.51	97.90	-90.39

JULH vs. BAMU - Sharpe Ratio Comparison

The current JULH Sharpe Ratio is 1.83, which is lower than the BAMU Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of JULH and BAMU, 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

JULH vs. BAMU - Drawdown Comparison

The maximum JULH drawdown since its inception was -5.51%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for JULH and BAMU.

Drawdown Indicators

	JULH	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-5.51%	-0.36%	-5.15%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-0.12%	-1.60%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.02%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.03%	+0.65%

Volatility

JULH vs. BAMU - Volatility Comparison

Innovator Premium Income 20 Barrier ETF - July (JULH) and Brookstone Ultra-Short Bond ETF (BAMU) have volatilities of 0.09% and 0.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULH	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	0.09%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.24%	0.40%	+1.84%
Volatility (1Y) Calculated over the trailing 1-year period	2.80%	0.58%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.72%	0.87%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.72%	0.87%	+3.85%

JULH vs. BAMU - Expense Ratio Comparison

JULH has a 0.79% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

JULH vs. BAMU - Dividend Comparison

JULH's dividend yield for the trailing twelve months is around 5.27%, more than BAMU's 3.05% yield.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
JULH Innovator Premium Income 20 Barrier ETF - July	5.27%	5.31%	6.89%	3.67%

Frequently Asked Questions

Can I hold both JULH and BAMU in my portfolio?

JULH and BAMU have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JULH or BAMU?

BAMU has higher volatility (0.09%) compared to JULH (0.09%). In terms of maximum drawdown, JULH dropped -5.51% vs BAMU's -0.36%.

Which ETF is better, JULH or BAMU?

On 1-year performance, JULH leads with 5.09% vs 2.91% for BAMU. On fees, JULH is cheaper at 0.79% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULH or BAMU?

Over the 1-year period, JULH has performed better with a 5.09% return vs 2.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULH or BAMU?

JULH is cheaper with a 0.79% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, JULH or BAMU?

JULH has the higher dividend yield at 5.27%, compared with 3.05% for BAMU.

What is the main difference between JULH and BAMU?

JULH is categorized as Options Trading, while BAMU is Ultrashort Bond. They also come from different issuers: Innovator and Brookstone. Their fees differ too: 0.79% for JULH and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (5.01 vs 1.83), 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.