LAPR vs. JULQ

Last updated Jun 4, 2026

LAPR (Innovator Premium Income 15 Buffer ETF - April) and JULQ (Innovator Premium Income 40 Barrier ETF - July) are both Options Trading funds from Innovator. Both are actively managed. Both charge a 0.79% expense ratio.

Performance

LAPR vs. JULQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - April (LAPR) and Innovator Premium Income 40 Barrier ETF - July (JULQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LAPR

• 1D: -0.04%
• 1M: 0.72%
• YTD: 3.32%
• 6M: 3.77%
• 1Y: 7.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULQ

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

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

LAPR vs. JULQ - Yearly Performance Comparison

	2026 (YTD)
LAPR Innovator Premium Income 15 Buffer ETF - April	2.90%
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%

Return for Risk

LAPR vs. JULQ — Risk / Return Rank

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

LAPR

LAPR Risk / Return Rank: 99
LAPR Sharpe Ratio Rank: 98
LAPR Sortino Ratio Rank: 99
LAPR Omega Ratio Rank: 99
LAPR Calmar Ratio Rank: 99
LAPR Martin Ratio Rank: 99

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.

LAPR vs. JULQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - April (LAPR) and Innovator Premium Income 40 Barrier ETF - July (JULQ). 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.

	LAPR	JULQ	Difference
Sharpe ratio Return per unit of total volatility	5.58	—	—
Sortino ratio Return per unit of downside risk	12.13	—	—
Omega ratio Gain probability vs. loss probability	2.93	—	—
Calmar ratio Return relative to maximum drawdown	29.36	—	—
Martin ratio Return relative to average drawdown	144.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LAPR	JULQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	—	—

Drawdowns

LAPR vs. JULQ - Drawdown Comparison

The maximum LAPR drawdown since its inception was -3.81%, which is greater than JULQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for LAPR and JULQ.

Drawdown Indicators

	LAPR	JULQ	Difference
Max Drawdown Largest peak-to-trough decline	-3.81%	0.00%	-3.81%
Max Drawdown (1Y) Largest decline over 1 year	-0.24%	—	—
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-0.11%	0.00%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	—	—

Volatility

Volatility by Period

	LAPR	JULQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.27%	0.00%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	0.00%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	0.00%	+3.30%

LAPR vs. JULQ - Expense Ratio Comparison

Both LAPR and JULQ have an expense ratio of 0.79%.

Dividends

LAPR vs. JULQ - Dividend Comparison

LAPR's dividend yield for the trailing twelve months is around 5.53%, while JULQ has not paid dividends to shareholders.

Position	TTM	2025	2024
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%
LAPR Innovator Premium Income 15 Buffer ETF - April	5.53%	5.40%	4.21%

Frequently Asked Questions

Which ETF is better, LAPR or JULQ?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LAPR or JULQ?

LAPR and JULQ have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, LAPR or JULQ?

LAPR has the higher dividend yield at 5.53%, compared with 0.00% for JULQ.