JULQ vs. MSTQ

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator Premium Income 40 Barrier ETF - July (JULQ) and LHA Market State Tactical Q ETF (MSTQ).

JULQ and MSTQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JULQ is an actively managed fund by Innovator. It was launched on Jun 30, 2023. MSTQ is an actively managed fund by Little Harbor Advisors. It was launched on Mar 14, 2022.

Performance

JULQ vs. MSTQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 40 Barrier ETF - July (JULQ) and LHA Market State Tactical Q ETF (MSTQ). The values are adjusted to include any dividend payments, if applicable.

JULQ vs. MSTQ - Yearly Performance Comparison

	2026 (YTD)
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%
MSTQ LHA Market State Tactical Q ETF	-3.61%

Returns By Period

JULQ

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

MSTQ

• 1D: 1.01%
• 1M: -3.58%
• YTD: -4.76%
• 6M: -4.34%
• 1Y: 24.20%
• 3Y*: 18.62%
• 5Y*: —
• 10Y*: —

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

JULQ vs. MSTQ - Expense Ratio Comparison

JULQ has a 0.79% expense ratio, which is lower than MSTQ's 1.59% expense ratio.

MSTQ

LHA Market State Tactical Q ETF

JULQ

Innovator Premium Income 40 Barrier ETF - July

Return for Risk

JULQ vs. MSTQ — Risk / Return Rank

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

MSTQ

MSTQ Risk / Return Rank: 72
MSTQ Sharpe Ratio Rank: 77
MSTQ Sortino Ratio Rank: 80
MSTQ Omega Ratio Rank: 72
MSTQ Calmar Ratio Rank: 71
MSTQ Martin Ratio Rank: 60

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. MSTQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 40 Barrier ETF - July (JULQ) and LHA Market State Tactical Q ETF (MSTQ). 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	MSTQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.60	—

Dividends

JULQ vs. MSTQ - Dividend Comparison

JULQ has not paid dividends to shareholders, while MSTQ's dividend yield for the trailing twelve months is around 14.66%.

	TTM	2025	2024	2023
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%	0.00%
MSTQ LHA Market State Tactical Q ETF	14.66%	13.97%	3.72%	0.77%

Drawdowns

JULQ vs. MSTQ - Drawdown Comparison

The maximum JULQ drawdown since its inception was 0.00%, smaller than the maximum MSTQ drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for JULQ and MSTQ.

Drawdown Indicators

	JULQ	MSTQ	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-31.05%	+31.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.39%	—
Current Drawdown Current decline from peak	0.00%	-9.38%	+9.38%
Average Drawdown Average peak-to-trough decline	0.00%	-8.91%	+8.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.80%	—

Volatility

Volatility by Period

	JULQ	MSTQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	16.38%	-16.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	18.98%	-18.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	18.98%	-18.98%