JULJ vs. IVVM
JULJ (Innovator Premium Income 30 Barrier ETF - July) and IVVM (iShares Large Cap Moderate Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, JULJ returned 5.43% vs 14.52% for IVVM. A 0.68 correlation means they provide meaningful diversification when combined. JULJ charges 0.79%/yr vs 0.50%/yr for IVVM.
Performance
JULJ vs. IVVM - Performance Comparison
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Returns By Period
In the year-to-date period, JULJ achieves a 1.90% return, which is significantly lower than IVVM's 5.35% return.
JULJ
- 1D
- -0.08%
- 1M
- 0.14%
- YTD
- 1.90%
- 6M
- 1.96%
- 1Y
- 5.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVVM
- 1D
- -0.62%
- 1M
- -0.24%
- YTD
- 5.35%
- 6M
- 4.81%
- 1Y
- 14.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JULJ vs. IVVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JULJ Innovator Premium Income 30 Barrier ETF - July | 1.90% | 5.91% | 6.17% | 3.75% |
IVVM iShares Large Cap Moderate Buffer ETF | 5.35% | 14.24% | 16.08% | 5.17% |
Correlation
The correlation between JULJ and IVVM is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2023 | 0.68 |
The correlation between JULJ and IVVM has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.
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Return for Risk
JULJ vs. IVVM — Risk / Return Rank
JULJ
IVVM
JULJ vs. IVVM - 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 Large Cap Moderate Buffer ETF (IVVM). 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 | IVVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.41 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 9.00 | 2.75 | +6.25 |
| Martin ratioReturn relative to average drawdown | 46.69 | 13.53 | +33.16 |
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Drawdowns
JULJ vs. IVVM - Drawdown Comparison
The maximum JULJ drawdown since its inception was -3.62%, smaller than the maximum IVVM drawdown of -11.62%. Use the drawdown chart below to compare losses from any high point for JULJ and IVVM.
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Drawdown Indicators
| JULJ | IVVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.62% | -11.62% | +8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.61% | -5.31% | +4.70% |
Current DrawdownCurrent decline from peak | -0.08% | -0.79% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -0.91% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.08% | -0.96% |
Volatility
JULJ vs. IVVM - Volatility Comparison
The current volatility for Innovator Premium Income 30 Barrier ETF - July (JULJ) is 0.23%, while iShares Large Cap Moderate Buffer ETF (IVVM) has a volatility of 1.88%. This indicates that JULJ experiences smaller price fluctuations and is considered to be less risky than IVVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JULJ | IVVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 1.88% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 0.94% | 5.76% | -4.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 7.21% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.05% | 9.59% | -6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.05% | 9.59% | -6.54% |
JULJ vs. IVVM - Expense Ratio Comparison
JULJ has a 0.79% expense ratio, which is higher than IVVM's 0.50% expense ratio.
Dividends
JULJ vs. IVVM - Dividend Comparison
JULJ's dividend yield for the trailing twelve months is around 5.66%, more than IVVM's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IVVM iShares Large Cap Moderate Buffer ETF | 0.65% | 0.68% | 0.62% | 0.00% |
JULJ Innovator Premium Income 30 Barrier ETF - July | 5.66% | 5.76% | 5.96% | 3.21% |
Frequently Asked Questions
JULJ and IVVM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVM has higher volatility (1.88%) compared to JULJ (0.23%). In terms of maximum drawdown, JULJ dropped -3.62% vs IVVM's -11.62%.
On 1-year performance, IVVM leads with 14.52% vs 5.43% for JULJ. On fees, IVVM is cheaper at 0.50% per year. On volatility, JULJ has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVM has performed better with a 14.52% return vs 5.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVM is cheaper with a 0.50% expense ratio, compared with 0.79% for JULJ.
JULJ has the higher dividend yield at 5.66%, compared with 0.65% for IVVM.
They also come from different issuers: Innovator and iShares. Their fees differ too: 0.79% for JULJ and 0.50% for IVVM.
JULJ currently has the higher Sharpe Ratio (3.54 vs 2.03), 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.
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