LJUL vs. JULB

Last updated Jun 5, 2026

LJUL (Innovator Premium Income 15 Buffer ETF - July) and JULB (Aptus July Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. LJUL charges 0.79%/yr vs 0.25%/yr for JULB.

Performance

LJUL vs. JULB - Performance Comparison

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

Returns By Period

In the year-to-date period, LJUL achieves a 1.89% return, which is significantly lower than JULB's 6.52% return.

LJUL

• 1D: 0.08%
• 1M: 0.33%
• YTD: 1.89%
• 6M: 2.35%
• 1Y: 5.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULB

• 1D: 0.16%
• 1M: 2.16%
• YTD: 6.52%
• 6M: 7.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LJUL vs. JULB - Yearly Performance Comparison

	2026 (YTD)	2025
LJUL Innovator Premium Income 15 Buffer ETF - July	1.89%	1.41%
JULB Aptus July Buffer ETF	6.52%	2.56%

Correlation

The correlation between LJUL and JULB is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.72

Return for Risk

LJUL vs. JULB — Risk / Return Rank

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

LJUL

LJUL Risk / Return Rank: 96
LJUL Sharpe Ratio Rank: 94
LJUL Sortino Ratio Rank: 96
LJUL Omega Ratio Rank: 97
LJUL Calmar Ratio Rank: 97
LJUL Martin Ratio Rank: 98

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.

LJUL vs. JULB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - July (LJUL) and Aptus July Buffer ETF (JULB). 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.

	LJUL	JULB	Difference
Sharpe ratio: Return per unit of total volatility	3.53	—	—
Sortino ratio: Return per unit of downside risk	5.79	—	—
Omega ratio: Gain probability vs. loss probability	1.87	—	—
Calmar ratio: Return relative to maximum drawdown	10.68	—	—
Martin ratio: Return relative to average drawdown	53.88	—	—
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

	LJUL	JULB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.79	2.21	-0.41

Drawdowns

LJUL vs. JULB - Drawdown Comparison

The maximum LJUL drawdown since its inception was -3.21%, smaller than the maximum JULB drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for LJUL and JULB.

Drawdown Indicators

	LJUL	JULB	Difference
Max Drawdown Largest peak-to-trough decline	-3.21%	-5.24%	+2.03%
Max Drawdown (1Y) Largest decline over 1 year	-0.52%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.12%	-0.87%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	—	—

Volatility

Volatility by Period

	LJUL	JULB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.58%	6.79%	-5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.25%	6.79%	-3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.25%	6.79%	-3.54%

LJUL vs. JULB - Expense Ratio Comparison

LJUL has a 0.79% expense ratio, which is higher than JULB's 0.25% expense ratio.

Dividends

LJUL vs. JULB - Dividend Comparison

LJUL's dividend yield for the trailing twelve months is around 5.22%, while JULB has not paid dividends to shareholders.

Position	TTM	2025	2024
JULB Aptus July Buffer ETF	0.00%	0.00%	0.00%
LJUL Innovator Premium Income 15 Buffer ETF - July	5.22%	5.36%	2.78%

Frequently Asked Questions

Can I hold both LJUL and JULB in my portfolio?

LJUL and JULB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LJUL or JULB?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LJUL or JULB?

JULB is cheaper with a 0.25% expense ratio, compared with 0.79% for LJUL.

Which ETF pays a higher dividend yield, LJUL or JULB?

LJUL has the higher dividend yield at 5.22%, compared with 0.00% for JULB.

What is the main difference between LJUL and JULB?

They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for LJUL and 0.25% for JULB.