KJUL vs. UGA
KJUL (Innovator Russell 2000 Power Buffer ETF - July) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - KJUL is a Defined Outcome fund tracking the iShares Russell 2000 ETF, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. Both are passively managed. Over the past 5 years, KJUL returned 5.01%/yr vs 22.69%/yr for UGA. At a 0.14 correlation, their price movements are largely independent. KJUL charges 0.79%/yr vs 0.75%/yr for UGA.
Performance
KJUL vs. UGA - Performance Comparison
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Returns By Period
In the year-to-date period, KJUL achieves a 6.94% return, which is significantly lower than UGA's 64.09% return.
KJUL
- 1D
- 0.03%
- 1M
- 0.80%
- YTD
- 6.94%
- 6M
- 6.28%
- 1Y
- 18.43%
- 3Y*
- 11.12%
- 5Y*
- 5.01%
- 10Y*
- —
UGA
- 1D
- -1.12%
- 1M
- -12.11%
- YTD
- 64.09%
- 6M
- 60.42%
- 1Y
- 59.74%
- 3Y*
- 18.95%
- 5Y*
- 22.69%
- 10Y*
- 14.31%
KJUL vs. UGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KJUL Innovator Russell 2000 Power Buffer ETF - July | 6.94% | 7.70% | 8.69% | 11.78% | -8.44% | 2.51% | 10.84% |
UGA United States Gasoline Fund LP | 64.09% | -2.00% | 3.77% | 1.27% | 46.34% | 68.49% | 28.28% |
Correlation
The correlation between KJUL and UGA is -0.20, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020 | 0.14 |
The correlation between KJUL and UGA shifts across timeframes, from -0.20 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KJUL vs. UGA — Risk / Return Rank
KJUL
UGA
KJUL vs. UGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Russell 2000 Power Buffer ETF - July (KJUL) and United States Gasoline Fund LP (UGA). 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 | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.30 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 3.17 | +2.24 |
| Martin ratioReturn relative to average drawdown | 20.98 | 9.39 | +11.59 |
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Drawdowns
KJUL vs. UGA - Drawdown Comparison
The maximum KJUL drawdown since its inception was -16.69%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for KJUL and UGA.
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Drawdown Indicators
| KJUL | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -86.59% | +69.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -18.96% | +15.54% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | -26.68% | +12.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -38.11% | +21.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -18.05% | +18.05% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -36.69% | +32.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 6.43% | -5.55% |
Volatility
KJUL vs. UGA - Volatility Comparison
The current volatility for Innovator Russell 2000 Power Buffer ETF - July (KJUL) is 0.40%, while United States Gasoline Fund LP (UGA) has a volatility of 9.24%. This indicates that KJUL experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KJUL | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 9.24% | -8.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 30.57% | -25.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.75% | 35.22% | -27.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 34.45% | -22.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.62% | 37.22% | -25.60% |
KJUL vs. UGA - Expense Ratio Comparison
KJUL has a 0.79% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
KJUL vs. UGA - Dividend Comparison
Neither KJUL nor UGA has paid dividends to shareholders.
Frequently Asked Questions
KJUL and UGA have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (9.24%) compared to KJUL (0.40%). In terms of maximum drawdown, KJUL dropped -16.69% vs UGA's -86.59%.
On 5-year performance, UGA leads with 22.69% vs 5.01% for KJUL. On fees, UGA is cheaper at 0.75% per year. On volatility, KJUL has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UGA has performed better with a 22.69% return vs 5.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.79% for KJUL.
KJUL and UGA have nearly identical dividend yields, around 0.00%.
KJUL is categorized as Defined Outcome, while UGA is Oil & Gas. KJUL tracks iShares Russell 2000 ETF, while UGA tracks Front Month Unleaded Gasoline. They also come from different issuers: Innovator and Concierge Technologies. Their fees differ too: 0.79% for KJUL and 0.75% for UGA.
KJUL currently has the higher Sharpe Ratio (2.40 vs 1.73), 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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