JULQ vs. IWMY

Last updated Jun 4, 2026

JULQ (Innovator Premium Income 40 Barrier ETF - July) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both Options Trading funds. JULQ is actively managed, while IWMY is passively managed. JULQ charges 0.79%/yr vs 0.99%/yr for IWMY.

Performance

JULQ vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - July (JULQ) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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*: —

IWMY

• 1D: -1.36%
• 1M: 3.06%
• YTD: 12.25%
• 6M: 10.99%
• 1Y: 23.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULQ vs. IWMY - Yearly Performance Comparison

	2026 (YTD)
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	6.14%

Return for Risk

JULQ vs. IWMY — Risk / Return Rank

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

IWMY

IWMY Risk / Return Rank: 40
IWMY Sharpe Ratio Rank: 42
IWMY Sortino Ratio Rank: 38
IWMY Omega Ratio Rank: 39
IWMY Calmar Ratio Rank: 41
IWMY Martin Ratio Rank: 41

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. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - July (JULQ) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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	IWMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.95	—

Drawdowns

JULQ vs. IWMY - Drawdown Comparison

The maximum JULQ drawdown since its inception was 0.00%, smaller than the maximum IWMY drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for JULQ and IWMY.

Drawdown Indicators

	JULQ	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-18.72%	+18.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.57%	—
Current Drawdown Current decline from peak	0.00%	-1.36%	+1.36%
Average Drawdown Average peak-to-trough decline	0.00%	-2.98%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.51%	—

Volatility

Volatility by Period

	JULQ	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	15.69%	-15.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	15.75%	-15.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	15.75%	-15.75%

JULQ vs. IWMY - Expense Ratio Comparison

JULQ has a 0.79% expense ratio, which is lower than IWMY's 0.99% expense ratio.

Dividends

JULQ vs. IWMY - Dividend Comparison

JULQ has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 45.96%.

Position	TTM	2025	2024	2023
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	45.96%	63.33%	107.92%	11.34%
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, JULQ or IWMY?

On fees, JULQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULQ or IWMY?

JULQ is cheaper with a 0.79% expense ratio, compared with 0.99% for IWMY.

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

IWMY has the higher dividend yield at 45.96%, compared with 0.00% for JULQ.

What is the main difference between JULQ and IWMY?

They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.79% for JULQ and 0.99% for IWMY.