JULQ vs. ISWN

Last updated Jun 4, 2026

JULQ (Innovator Premium Income 40 Barrier ETF - July) and ISWN (Amplify BlackSwan ISWN ETF) are both Options Trading funds. JULQ is actively managed, while ISWN is passively managed. JULQ charges 0.79%/yr vs 0.49%/yr for ISWN.

Performance

JULQ vs. ISWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - July (JULQ) and Amplify BlackSwan ISWN ETF (ISWN). 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*: —

ISWN

• 1D: -0.80%
• 1M: 2.01%
• YTD: 4.28%
• 6M: 4.94%
• 1Y: 13.27%
• 3Y*: 8.12%
• 5Y*: -0.37%
• 10Y*: —

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

JULQ vs. ISWN - Yearly Performance Comparison

	2026 (YTD)
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%
ISWN Amplify BlackSwan ISWN ETF	-0.39%

JULQ vs. ISWN - Sectors Allocation Comparison

Sectors	JULQ	ISWN
Technology	31.7%	10.3%
Financial Services	14.0%	1.6%
Healthcare	10.9%	10.6%
Consumer Cyclical	10.4%	7.7%
Communication Services	9.5%	4.5%
Industrials	7.7%	19.8%
Consumer Defensive	6.2%	6.7%
Energy	3.2%	4.0%
Utilities	2.6%	4.0%
Real Estate	2.3%	1.9%
Basic Materials	1.8%	5.9%

Return for Risk

JULQ vs. ISWN — Risk / Return Rank

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

ISWN

ISWN Risk / Return Rank: 30
ISWN Sharpe Ratio Rank: 30
ISWN Sortino Ratio Rank: 29
ISWN Omega Ratio Rank: 30
ISWN Calmar Ratio Rank: 29
ISWN Martin Ratio Rank: 32

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. ISWN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - July (JULQ) and Amplify BlackSwan ISWN ETF (ISWN). 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	ISWN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.01	—

Drawdowns

JULQ vs. ISWN - Drawdown Comparison

The maximum JULQ drawdown since its inception was 0.00%, smaller than the maximum ISWN drawdown of -32.35%. Use the drawdown chart below to compare losses from any high point for JULQ and ISWN.

Drawdown Indicators

	JULQ	ISWN	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-32.35%	+32.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.35%	—
Current Drawdown Current decline from peak	0.00%	-4.03%	+4.03%
Average Drawdown Average peak-to-trough decline	0.00%	-16.17%	+16.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	JULQ	ISWN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	12.20%	-12.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	11.67%	-11.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	11.57%	-11.57%

JULQ vs. ISWN - Expense Ratio Comparison

JULQ has a 0.79% expense ratio, which is higher than ISWN's 0.49% expense ratio.

Dividends

JULQ vs. ISWN - Dividend Comparison

JULQ has not paid dividends to shareholders, while ISWN's dividend yield for the trailing twelve months is around 2.82%.

Position	TTM	2025	2024	2023	2022	2021
ISWN Amplify BlackSwan ISWN ETF	2.82%	2.89%	3.27%	2.91%	2.00%	0.76%
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, JULQ or ISWN?

On fees, ISWN is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULQ or ISWN?

ISWN is cheaper with a 0.49% expense ratio, compared with 0.79% for JULQ.

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

ISWN has the higher dividend yield at 2.82%, compared with 0.00% for JULQ.

What is the main difference between JULQ and ISWN?

They also come from different issuers: Innovator and Amplify. Their fees differ too: 0.79% for JULQ and 0.49% for ISWN.