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MIGO vs. UJUN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MIGO vs. UJUN

Last updated Jun 6, 2026

MIGO (MIG Core ETF) and UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) are both Large Cap Blend Equities funds. MIGO is actively managed, while UJUN is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. MIGO charges 0.45%/yr vs 0.79%/yr for UJUN.

Performance

MIGO vs. UJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MIG Core ETF (MIGO) and Innovator U.S. Equity Ultra Buffer ETF - June (UJUN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

MIGO

1D
-4.64%
1M
1.87%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

UJUN

1D
-1.24%
1M
-0.77%
YTD
2.18%
6M
2.75%
1Y
9.45%
3Y*
10.78%
5Y*
6.14%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIGO vs. UJUN - Yearly Performance Comparison

2026 (YTD)
MIGO
MIG Core ETF		15.28%
UJUN
Innovator U.S. Equity Ultra Buffer ETF - June		1.67%

Correlation

The correlation between MIGO and UJUN is 0.74, 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 Feb 24, 2026

0.74

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MIG Core ETF

Innovator U.S. Equity Ultra Buffer ETF - June

Often compared with MIGO:
MIGO vs. DJUNMIGO vs. ROBOMIGO vs. BITQMIGO vs. AFOSMIGO vs. INDFMIGO vs. CEFSMIGO vs. HTUS
Often compared with UJUN:
UJUN vs. KATUJUN vs. PSMDUJUN vs. UNOVUJUN vs. FLCCUJUN vs. AVIEUJUN vs. BEEZUJUN vs. BLCR

Return for Risk

MIGO vs. UJUN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MIGO
UJUN
UJUN Risk / Return Rank: 7979
Overall Rank
UJUN Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
UJUN Sortino Ratio Rank: 7575
Sortino Ratio Rank
UJUN Omega Ratio Rank: 8686
Omega Ratio Rank
UJUN Calmar Ratio Rank: 7070
Calmar Ratio Rank
UJUN Martin Ratio Rank: 9191
Martin Ratio Rank
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.

MIGO vs. UJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MIG Core ETF (MIGO) and Innovator U.S. Equity Ultra Buffer ETF - June (UJUN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MIGO vs. UJUN - Sharpe Ratio Comparison

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Sharpe Ratios by Period

MIGOUJUNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.18

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.74

—

Sharpe Ratio (All Time)

Calculated using the full available price history

2.58

0.75

+1.83

Drawdowns

MIGO vs. UJUN - Drawdown Comparison

The maximum MIGO drawdown since its inception was -13.39%, roughly equal to the maximum UJUN drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for MIGO and UJUN.

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Drawdown Indicators

MIGOUJUNDifference

Max Drawdown

Largest peak-to-trough decline

-13.39%

-13.73%

+0.34%

Max Drawdown (1Y)

Largest decline over 1 year

—

-2.84%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-11.24%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-11.96%

—

Current Drawdown

Current decline from peak

-6.14%

-1.39%

-4.75%

Average Drawdown

Average peak-to-trough decline

-2.84%

-2.06%

-0.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.47%

—

Volatility

MIGO vs. UJUN - Volatility Comparison

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Volatility by Period

MIGOUJUNDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

1.34%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

3.49%

—

Volatility (1Y)

Calculated over the trailing 1-year period

25.17%

4.36%

+20.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.17%

8.34%

+16.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.17%

8.78%

+16.39%

MIGO vs. UJUN - Expense Ratio Comparison

MIGO has a 0.45% expense ratio, which is lower than UJUN's 0.79% expense ratio.

Dividends

MIGO vs. UJUN - Dividend Comparison

Neither MIGO nor UJUN has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
MIGO
MIG Core ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UJUN
Innovator U.S. Equity Ultra Buffer ETF - June		0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.89%

Frequently Asked Questions

MIGO and UJUN have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MIGO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MIGO is cheaper with a 0.45% expense ratio, compared with 0.79% for UJUN.

MIGO and UJUN have nearly identical dividend yields, around 0.00%.

They also come from different issuers: Exchange Traded Concepts and Innovator. Their fees differ too: 0.45% for MIGO and 0.79% for UJUN.

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