KJUL vs. USOY
KJUL (Innovator Russell 2000 Power Buffer ETF - July) and USOY (Defiance Oil Enhanced Options Income ETF) are both exchange-traded funds - KJUL is a Defined Outcome fund tracking the iShares Russell 2000 ETF, while USOY is a Derivative Income fund actively managed by Defiance. KJUL is passively managed, while USOY is actively managed. Over the past year, KJUL returned 18.90% vs 54.64% for USOY. At a correlation of -0.03, they often move in opposite directions. KJUL charges 0.79%/yr vs 1.22%/yr for USOY.
Performance
KJUL vs. USOY - Performance Comparison
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Returns By Period
In the year-to-date period, KJUL achieves a 6.53% return, which is significantly lower than USOY's 59.27% return.
KJUL
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 6.53%
- 6M
- 6.73%
- 1Y
- 18.90%
- 3Y*
- 11.07%
- 5Y*
- 4.93%
- 10Y*
- —
USOY
- 1D
- -1.79%
- 1M
- -3.80%
- YTD
- 59.27%
- 6M
- 55.41%
- 1Y
- 54.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KJUL vs. USOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KJUL Innovator Russell 2000 Power Buffer ETF - July | 6.53% | 7.70% | 6.12% |
USOY Defiance Oil Enhanced Options Income ETF | 59.27% | -7.93% | 7.27% |
Correlation
The correlation between KJUL and USOY is -0.24, 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 | -0.24 |
Correlation (All Time) Calculated using the full available price history since May 13, 2024 | -0.03 |
Over the past year, the inverse relationship between KJUL and USOY has strengthened: their correlation has moved from -0.03 to -0.24, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
KJUL vs. USOY — Risk / Return Rank
KJUL
USOY
KJUL vs. USOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Russell 2000 Power Buffer ETF - July (KJUL) and Defiance Oil Enhanced Options Income ETF (USOY). 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 | USOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.33 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.54 | 3.84 | +1.70 |
| Martin ratioReturn relative to average drawdown | 20.49 | 7.37 | +13.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KJUL | USOY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.80 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.95 | -0.38 |
Drawdowns
KJUL vs. USOY - Drawdown Comparison
The maximum KJUL drawdown since its inception was -16.69%, roughly equal to the maximum USOY drawdown of -17.46%. Use the drawdown chart below to compare losses from any high point for KJUL and USOY.
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Drawdown Indicators
| KJUL | USOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -17.46% | +0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -14.29% | +10.87% |
Max Drawdown (3Y)Largest decline over 3 years | -14.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -6.81% | +6.71% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -6.47% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 7.43% | -6.51% |
Volatility
KJUL vs. USOY - Volatility Comparison
The current volatility for Innovator Russell 2000 Power Buffer ETF - July (KJUL) is 0.55%, while Defiance Oil Enhanced Options Income ETF (USOY) has a volatility of 11.67%. This indicates that KJUL experiences smaller price fluctuations and is considered to be less risky than USOY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KJUL | USOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 11.67% | -11.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.77% | 27.26% | -22.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 30.50% | -22.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 26.14% | -13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.67% | 26.14% | -14.47% |
KJUL vs. USOY - Expense Ratio Comparison
KJUL has a 0.79% expense ratio, which is lower than USOY's 1.22% expense ratio.
Dividends
KJUL vs. USOY - Dividend Comparison
KJUL has not paid dividends to shareholders, while USOY's dividend yield for the trailing twelve months is around 56.65%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KJUL Innovator Russell 2000 Power Buffer ETF - July | 0.00% | 0.00% | 0.00% |
USOY Defiance Oil Enhanced Options Income ETF | 56.65% | 104.32% | 48.60% |
Frequently Asked Questions
KJUL and USOY have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USOY has higher volatility (11.67%) compared to KJUL (0.55%). In terms of maximum drawdown, KJUL dropped -16.69% vs USOY's -17.46%.
On 1-year performance, USOY leads with 54.64% vs 18.90% for KJUL. On fees, KJUL is cheaper at 0.79% per year. On volatility, KJUL has been the lower-risk option at 0.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USOY has performed better with a 54.64% return vs 18.90%. 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 1.22% for USOY.
USOY has the higher dividend yield at 56.65%, compared with 0.00% for KJUL.
KJUL is categorized as Defined Outcome, while USOY is Derivative Income. They also come from different issuers: Innovator and Defiance. Their fees differ too: 0.79% for KJUL and 1.22% for USOY.
KJUL currently has the higher Sharpe Ratio (2.38 vs 1.80), 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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