LOCT vs. JULJ

Last updated Jun 4, 2026

LOCT (Innovator Premium Income 15 Buffer ETF - October) and JULJ (Innovator Premium Income 30 Barrier ETF - July) are both Options Trading funds from Innovator. Both are actively managed. Over the past year, LOCT returned 5.75% vs 5.56% for JULJ. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

LOCT vs. JULJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 15 Buffer ETF - October (LOCT) and Innovator Premium Income 30 Barrier ETF - July (JULJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LOCT achieves a 2.29% return, which is significantly higher than JULJ's 1.82% return.

LOCT

• 1D: -0.04%
• 1M: 0.54%
• YTD: 2.29%
• 6M: 2.92%
• 1Y: 5.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULJ

• 1D: -0.02%
• 1M: 0.28%
• YTD: 1.82%
• 6M: 2.32%
• 1Y: 5.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LOCT vs. JULJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LOCT Innovator Premium Income 15 Buffer ETF - October	2.29%	5.56%	5.21%	2.95%
JULJ Innovator Premium Income 30 Barrier ETF - July	1.82%	5.91%	6.17%	2.34%

Correlation

The correlation between LOCT and JULJ is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023	0.63

The correlation between LOCT and JULJ has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.

Return for Risk

LOCT vs. JULJ — Risk / Return Rank

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

LOCT

LOCT Risk / Return Rank: 89
LOCT Sharpe Ratio Rank: 83
LOCT Sortino Ratio Rank: 89
LOCT Omega Ratio Rank: 93
LOCT Calmar Ratio Rank: 85
LOCT Martin Ratio Rank: 93

JULJ

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

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.

LOCT vs. JULJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 15 Buffer ETF - October (LOCT) and Innovator Premium Income 30 Barrier ETF - July (JULJ). 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.

	LOCT	JULJ	Difference
Sharpe ratio: Return per unit of total volatility	2.67	3.62	-0.95
Sortino ratio: Return per unit of downside risk	4.10	6.05	-1.95
Omega ratio: Gain probability vs. loss probability	1.66	1.88	-0.22
Calmar ratio: Return relative to maximum drawdown	4.71	9.21	-4.50
Martin ratio: Return relative to average drawdown	25.14	47.78	-22.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOCT vs. JULJ - Sharpe Ratio Comparison

The current LOCT Sharpe Ratio is 2.67, which is comparable to the JULJ Sharpe Ratio of 3.62. The chart below compares the historical Sharpe Ratios of LOCT and JULJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LOCT	JULJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	3.62	-0.95
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	1.96	-0.27

Drawdowns

LOCT vs. JULJ - Drawdown Comparison

The maximum LOCT drawdown since its inception was -4.69%, which is greater than JULJ's maximum drawdown of -3.62%. Use the drawdown chart below to compare losses from any high point for LOCT and JULJ.

Drawdown Indicators

	LOCT	JULJ	Difference
Max Drawdown Largest peak-to-trough decline	-4.69%	-3.62%	-1.07%
Max Drawdown (1Y) Largest decline over 1 year	-1.23%	-0.61%	-0.62%
Current Drawdown Current decline from peak	-0.06%	-0.02%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.14%	-0.10%	-0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	0.12%	+0.11%

Volatility

LOCT vs. JULJ - Volatility Comparison

Innovator Premium Income 15 Buffer ETF - October (LOCT) has a higher volatility of 0.22% compared to Innovator Premium Income 30 Barrier ETF - July (JULJ) at 0.17%. This indicates that LOCT's price experiences larger fluctuations and is considered to be riskier than JULJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LOCT	JULJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	0.17%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	1.67%	0.94%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	2.16%	1.54%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.60%	3.08%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.60%	3.08%	+0.52%

LOCT vs. JULJ - Expense Ratio Comparison

Both LOCT and JULJ have an expense ratio of 0.79%.

Dividends

LOCT vs. JULJ - Dividend Comparison

LOCT's dividend yield for the trailing twelve months is around 5.14%, less than JULJ's 5.66% yield.

Position	TTM	2025	2024	2023
JULJ Innovator Premium Income 30 Barrier ETF - July	5.66%	5.76%	5.96%	3.21%
LOCT Innovator Premium Income 15 Buffer ETF - October	5.14%	5.12%	6.27%	1.64%

Frequently Asked Questions

Can I hold both LOCT and JULJ in my portfolio?

LOCT and JULJ have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LOCT or JULJ?

LOCT has higher volatility (0.22%) compared to JULJ (0.17%). In terms of maximum drawdown, LOCT dropped -4.69% vs JULJ's -3.62%.

Which ETF is better, LOCT or JULJ?

On 1-year performance, LOCT leads with 5.75% vs 5.56% for JULJ. Both ETFs have the same 0.79% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LOCT or JULJ?

Over the 1-year period, LOCT has performed better with a 5.75% return vs 5.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LOCT or JULJ?

LOCT and JULJ have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, LOCT or JULJ?

JULJ has the higher dividend yield at 5.66%, compared with 5.14% for LOCT.

Which has better risk-adjusted returns?

JULJ currently has the higher Sharpe Ratio (3.62 vs 2.67), 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.