JULQ vs. BAPR

Last updated Jun 4, 2026

JULQ (Innovator Premium Income 40 Barrier ETF - July) and BAPR (Innovator U.S. Equity Buffer ETF - April) are both exchange-traded funds - JULQ is a Options Trading fund actively managed by Innovator, while BAPR is a Defined Outcome fund tracking the Cboe S&P 500 Buffer Protect Index April. JULQ is actively managed, while BAPR is passively managed. Both charge a 0.79% expense ratio.

Performance

JULQ vs. BAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - July (JULQ) and Innovator U.S. Equity Buffer ETF - April (BAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JULQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAPR

• 1D: -0.23%
• 1M: 2.21%
• YTD: 10.81%
• 6M: 11.74%
• 1Y: 20.12%
• 3Y*: 15.31%
• 5Y*: 11.17%
• 10Y*: —

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

JULQ vs. BAPR - Yearly Performance Comparison

	2026 (YTD)
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%
BAPR Innovator U.S. Equity Buffer ETF - April	9.94%

JULQ vs. BAPR - Sectors Allocation Comparison

Sectors	JULQ	BAPR
Technology	31.7%	36.2%
Financial Services	14.0%	11.9%
Healthcare	10.9%	8.4%
Consumer Cyclical	10.4%	10.1%
Communication Services	9.5%	10.9%
Industrials	7.7%	8.1%
Consumer Defensive	6.2%	4.9%
Energy	3.2%	3.5%
Utilities	2.6%	2.3%
Real Estate	2.3%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

JULQ vs. BAPR — Risk / Return Rank

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

BAPR

BAPR Risk / Return Rank: 96
BAPR Sharpe Ratio Rank: 94
BAPR Sortino Ratio Rank: 97
BAPR Omega Ratio Rank: 97
BAPR Calmar Ratio Rank: 97
BAPR Martin Ratio Rank: 98

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.

JULQ vs. BAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - July (JULQ) and Innovator U.S. Equity Buffer ETF - April (BAPR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JULQ	BAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.84	—

Drawdowns

JULQ vs. BAPR - Drawdown Comparison

The maximum JULQ drawdown since its inception was 0.00%, smaller than the maximum BAPR drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for JULQ and BAPR.

Drawdown Indicators

	JULQ	BAPR	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-23.91%	+23.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.58%	—
Current Drawdown Current decline from peak	0.00%	-0.23%	+0.23%
Average Drawdown Average peak-to-trough decline	0.00%	-2.59%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	JULQ	BAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	5.64%	-5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.49%	-11.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	13.12%	-13.12%

JULQ vs. BAPR - Expense Ratio Comparison

Both JULQ and BAPR have an expense ratio of 0.79%.

Dividends

JULQ vs. BAPR - Dividend Comparison

Neither JULQ nor BAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, JULQ or BAPR?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULQ or BAPR?

JULQ and BAPR have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, JULQ or BAPR?

JULQ and BAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between JULQ and BAPR?

JULQ is categorized as Options Trading, while BAPR is Defined Outcome.