JULJ vs. IBID

Last updated Jun 23, 2026

JULJ (Innovator Premium Income 30 Barrier ETF - July) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - JULJ is a Options Trading fund actively managed by Innovator, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. JULJ is actively managed, while IBID is passively managed. Over the past year, JULJ returned 5.52% vs 4.04% for IBID. At a 0.00 correlation, their price movements are largely independent. JULJ charges 0.79%/yr vs 0.10%/yr for IBID.

Performance

JULJ vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 30 Barrier ETF - July (JULJ) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JULJ having a 1.98% return and IBID slightly higher at 1.99%.

JULJ

• 1D: 0.06%
• 1M: 0.22%
• YTD: 1.98%
• 6M: 2.18%
• 1Y: 5.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IBID

• 1D: 0.00%
• 1M: -0.19%
• YTD: 1.99%
• 6M: 2.08%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULJ vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JULJ Innovator Premium Income 30 Barrier ETF - July	1.98%	5.91%	6.17%	1.94%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.99%	5.66%	4.71%	2.61%

Correlation

The correlation between JULJ and IBID is -0.16, 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	-0.16
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.00

The correlation between JULJ and IBID shifts across timeframes, from -0.16 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JULJ vs. IBID — Risk / Return Rank

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

JULJ

JULJ Risk / Return Rank: 96
JULJ Sharpe Ratio Rank: 95
JULJ Sortino Ratio Rank: 97
JULJ Omega Ratio Rank: 97
JULJ Calmar Ratio Rank: 96
JULJ Martin Ratio Rank: 97

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 93
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 96
IBID Calmar Ratio Rank: 96
IBID Martin Ratio Rank: 95

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.

JULJ vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 30 Barrier ETF - July (JULJ) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.

	JULJ	IBID	Difference
Sharpe ratio: Return per unit of total volatility	3.60	3.29	+0.31
Sortino ratio: Return per unit of downside risk	6.01	5.55	+0.45
Omega ratio: Gain probability vs. loss probability	1.87	1.75	+0.12
Calmar ratio: Return relative to maximum drawdown	9.14	8.22	+0.92
Martin ratio: Return relative to average drawdown	47.48	30.99	+16.49

JULJ vs. IBID - Sharpe Ratio Comparison

The current JULJ Sharpe Ratio is 3.60, which is comparable to the IBID Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of JULJ and IBID, 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

JULJ vs. IBID - Drawdown Comparison

The maximum JULJ drawdown since its inception was -3.62%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for JULJ and IBID.

Drawdown Indicators

	JULJ	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-3.62%	-1.28%	-2.34%
Max Drawdown (1Y) Largest decline over 1 year	-0.61%	-0.49%	-0.12%
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-0.10%	-0.22%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.12%	0.13%	-0.01%

Volatility

JULJ vs. IBID - Volatility Comparison

The current volatility for Innovator Premium Income 30 Barrier ETF - July (JULJ) is 0.21%, while iShares iBonds Oct 2027 Term TIPS ETF (IBID) has a volatility of 0.35%. This indicates that JULJ experiences smaller price fluctuations and is considered to be less risky than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JULJ	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.21%	0.35%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	0.94%	0.86%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	1.54%	1.23%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.05%	2.24%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.05%	2.24%	+0.81%

JULJ vs. IBID - Expense Ratio Comparison

JULJ has a 0.79% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

JULJ vs. IBID - Dividend Comparison

JULJ's dividend yield for the trailing twelve months is around 5.66%, more than IBID's 3.68% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%
JULJ Innovator Premium Income 30 Barrier ETF - July	5.66%	5.76%	5.96%	3.21%

Frequently Asked Questions

Can I hold both JULJ and IBID in my portfolio?

JULJ and IBID have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JULJ or IBID?

IBID has higher volatility (0.35%) compared to JULJ (0.21%). In terms of maximum drawdown, JULJ dropped -3.62% vs IBID's -1.28%.

Which ETF is better, JULJ or IBID?

On 1-year performance, JULJ leads with 5.52% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, JULJ has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JULJ or IBID?

Over the 1-year period, JULJ has performed better with a 5.52% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JULJ or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.79% for JULJ.

Which ETF pays a higher dividend yield, JULJ or IBID?

JULJ has the higher dividend yield at 5.66%, compared with 3.68% for IBID.

What is the main difference between JULJ and IBID?

JULJ is categorized as Options Trading, while IBID is Inflation-Protected Bonds. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for JULJ and 0.10% for IBID.

Which has better risk-adjusted returns?

JULJ currently has the higher Sharpe Ratio (3.60 vs 3.29), 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.