KJUL vs. BAPR

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Russell 2000 Power Buffer ETF - July (KJUL) and Innovator U.S. Equity Buffer ETF - April (BAPR).

KJUL and BAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KJUL is a passively managed fund by Innovator that tracks the performance of the iShares Russell 2000 ETF. It was launched on Jun 30, 2020. BAPR is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index April. It was launched on Mar 29, 2019. Both KJUL and BAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

KJUL vs. BAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Russell 2000 Power Buffer ETF - July (KJUL) and Innovator U.S. Equity Buffer ETF - April (BAPR). The values are adjusted to include any dividend payments, if applicable.

KJUL vs. BAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KJUL Innovator Russell 2000 Power Buffer ETF - July	1.04%	7.70%	8.69%	11.78%	-8.44%	2.51%	11.61%
BAPR Innovator U.S. Equity Buffer ETF - April	2.08%	8.28%	15.95%	23.16%	-7.04%	12.58%	7.16%

Returns By Period

In the year-to-date period, KJUL achieves a 1.04% return, which is significantly lower than BAPR's 2.08% return.

KJUL

• 1D: 1.61%
• 1M: -1.34%
• YTD: 1.04%
• 6M: 3.46%
• 1Y: 14.53%
• 3Y*: 8.95%
• 5Y*: 3.93%
• 10Y*: —

BAPR

• 1D: 2.58%
• 1M: 0.99%
• YTD: 2.08%
• 6M: 4.42%
• 1Y: 15.33%
• 3Y*: 13.43%
• 5Y*: 10.13%
• 10Y*: —

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

KJUL vs. BAPR - Expense Ratio Comparison

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

KJUL

Innovator Russell 2000 Power Buffer ETF - July

BAPR

Innovator U.S. Equity Buffer ETF - April

Return for Risk

KJUL vs. BAPR — Risk / Return Rank

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

KJUL

KJUL Risk / Return Rank: 73
KJUL Sharpe Ratio Rank: 71
KJUL Sortino Ratio Rank: 73
KJUL Omega Ratio Rank: 71
KJUL Calmar Ratio Rank: 70
KJUL Martin Ratio Rank: 81

BAPR

BAPR Risk / Return Rank: 81
BAPR Sharpe Ratio Rank: 73
BAPR Sortino Ratio Rank: 79
BAPR Omega Ratio Rank: 92
BAPR Calmar Ratio Rank: 69
BAPR Martin Ratio Rank: 90

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.

KJUL vs. BAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Russell 2000 Power Buffer ETF - July (KJUL) 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.

	KJUL	BAPR	Difference
Sharpe ratio Return per unit of total volatility	1.28	1.29	-0.02
Sortino ratio Return per unit of downside risk	1.87	1.99	-0.12
Omega ratio Gain probability vs. loss probability	1.26	1.40	-0.14
Calmar ratio Return relative to maximum drawdown	1.80	1.74	+0.06
Martin ratio Return relative to average drawdown	9.07	11.59	-2.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KJUL vs. BAPR - Sharpe Ratio Comparison

The current KJUL Sharpe Ratio is 1.28, which is comparable to the BAPR Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of KJUL and BAPR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KJUL	BAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.29	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.88	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.75	-0.26

Correlation

The correlation between KJUL and BAPR is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

KJUL vs. BAPR - Dividend Comparison

Neither KJUL nor BAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

KJUL vs. BAPR - Drawdown Comparison

The maximum KJUL drawdown since its inception was -16.69%, smaller than the maximum BAPR drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for KJUL and BAPR.

Drawdown Indicators

	KJUL	BAPR	Difference
Max Drawdown Largest peak-to-trough decline	-16.69%	-23.91%	+7.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-9.19%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	-16.69%	-15.58%	-1.11%
Current Drawdown Current decline from peak	-1.78%	0.00%	-1.78%
Average Drawdown Average peak-to-trough decline	-4.12%	-2.66%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.38%	+0.19%

Volatility

KJUL vs. BAPR - Volatility Comparison

Innovator Russell 2000 Power Buffer ETF - July (KJUL) and Innovator U.S. Equity Buffer ETF - April (BAPR) have volatilities of 3.55% and 3.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KJUL	BAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.45%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	5.92%	4.26%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	11.90%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.28%	11.54%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.83%	13.25%	-1.42%