KJUL vs. BOIL
KJUL (Innovator Russell 2000 Power Buffer ETF - July) and BOIL (ProShares Ultra Bloomberg Natural Gas) are both exchange-traded funds - KJUL is a Defined Outcome fund tracking the iShares Russell 2000 ETF, while BOIL is a Oil & Gas fund tracking the Bloomberg Natural Gas Subindex. Both are passively managed. Over the past 5 years, KJUL returned 5.50%/yr vs -68.46%/yr for BOIL. At a 0.02 correlation, their price movements are largely independent. KJUL charges 0.79%/yr vs 1.31%/yr for BOIL.
Performance
KJUL vs. BOIL - Performance Comparison
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Returns By Period
In the year-to-date period, KJUL achieves a 6.22% return, which is significantly higher than BOIL's -51.07% return.
KJUL
- 1D
- -0.29%
- 1M
- -0.59%
- 6M
- 3.70%
- YTD
- 6.22%
- 1Y
- 13.52%
- 3Y*
- 8.65%
- 5Y*
- 5.50%
- 10Y*
- —
BOIL
- 1D
- 1.86%
- 1M
- -18.66%
- 6M
- -31.76%
- YTD
- -51.07%
- 1Y
- -76.83%
- 3Y*
- -66.75%
- 5Y*
- -68.46%
- 10Y*
- -58.55%
KJUL vs. BOIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KJUL Innovator Russell 2000 Power Buffer ETF - July | 6.22% | 7.70% | 8.69% | 11.78% | -8.44% | 2.51% | 10.84% |
BOIL ProShares Ultra Bloomberg Natural Gas | -51.07% | -58.98% | -60.75% | -92.00% | -31.85% | 23.84% | -25.71% |
Correlation
The correlation between KJUL and BOIL is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.02 |
The correlation between KJUL and BOIL shifts across timeframes, from -0.30 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KJUL vs. BOIL — Risk / Return Rank
KJUL
BOIL
KJUL vs. BOIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Russell 2000 Power Buffer ETF - July (KJUL) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KJUL | BOIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.88 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | -0.99 | +4.95 |
| Martin ratioReturn relative to average drawdown | 15.36 | -1.38 | +16.74 |
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Drawdowns
KJUL vs. BOIL - Drawdown Comparison
The maximum KJUL drawdown since its inception was -16.69%, smaller than the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for KJUL and BOIL.
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Drawdown Indicators
| KJUL | BOIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -100.00% | +83.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -77.83% | +74.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -97.17% | +82.72% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -99.92% | +83.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.99% | — |
Current DrawdownCurrent decline from peak | -0.88% | -100.00% | +99.12% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -93.61% | +89.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 55.76% | -54.88% |
Volatility
KJUL vs. BOIL - Volatility Comparison
The current volatility for Innovator Russell 2000 Power Buffer ETF - July (KJUL) is 1.31%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 18.73%. This indicates that KJUL experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KJUL | BOIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 18.73% | -17.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 99.59% | -94.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.28% | 111.78% | -104.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 118.98% | -106.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.57% | 101.73% | -90.16% |
KJUL vs. BOIL - Expense Ratio Comparison
KJUL has a 0.79% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Dividends
KJUL vs. BOIL - Dividend Comparison
Neither KJUL nor BOIL has paid dividends to shareholders.
Frequently Asked Questions
KJUL and BOIL have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOIL has higher volatility (18.73%) compared to KJUL (1.31%). In terms of maximum drawdown, KJUL dropped -16.69% vs BOIL's -100.00%.
On 5-year performance, KJUL leads with 5.50% vs -68.46% for BOIL. On fees, KJUL is cheaper at 0.79% per year. On volatility, KJUL has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, KJUL has performed better with a 5.50% return vs -68.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KJUL is cheaper with a 0.79% expense ratio, compared with 1.31% for BOIL.
KJUL and BOIL have nearly identical dividend yields, around 0.00%.
KJUL is categorized as Defined Outcome, while BOIL is Oil & Gas. KJUL tracks iShares Russell 2000 ETF, while BOIL tracks Bloomberg Natural Gas Subindex. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for KJUL and 1.31% for BOIL.
KJUL currently has the higher Sharpe Ratio (1.87 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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