NJUL vs. AIOO

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO).

NJUL and AIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NJUL is a passively managed fund by Innovator that tracks the performance of the Invesco QQQ Trust. It was launched on Jun 30, 2020. AIOO is an actively managed fund by Allianz. It was launched on Jun 30, 2025.

Performance

NJUL vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

NJUL vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	-1.66%	7.09%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.01%	2.67%

Returns By Period

In the year-to-date period, NJUL achieves a -1.66% return, which is significantly lower than AIOO's 0.01% return.

NJUL

• 1D: 2.01%
• 1M: -2.16%
• YTD: -1.66%
• 6M: 0.43%
• 1Y: 18.97%
• 3Y*: 14.23%
• 5Y*: 9.36%
• 10Y*: —

AIOO

• 1D: 0.08%
• 1M: -0.25%
• YTD: 0.01%
• 6M: 0.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NJUL vs. AIOO - Expense Ratio Comparison

NJUL has a 0.79% expense ratio, which is higher than AIOO's 0.64% expense ratio.

NJUL

Innovator Nasdaq-100 Power Buffer ETF - July

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF

Return for Risk

NJUL vs. AIOO — Risk / Return Rank

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

NJUL

NJUL Risk / Return Rank: 87
NJUL Sharpe Ratio Rank: 81
NJUL Sortino Ratio Rank: 88
NJUL Omega Ratio Rank: 87
NJUL Calmar Ratio Rank: 85
NJUL Martin Ratio Rank: 93

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.

NJUL vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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.

	NJUL	AIOO	Difference
Sharpe ratio Return per unit of total volatility	1.55	—	—
Sortino ratio Return per unit of downside risk	2.41	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	2.54	—	—
Martin ratio Return relative to average drawdown	13.92	—	—
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

	NJUL	AIOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.82	-0.92

Correlation

The correlation between NJUL and AIOO is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NJUL vs. AIOO - Dividend Comparison

Neither NJUL nor AIOO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NJUL vs. AIOO - Drawdown Comparison

The maximum NJUL drawdown since its inception was -14.37%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for NJUL and AIOO.

Drawdown Indicators

	NJUL	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-14.37%	-0.74%	-13.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.37%	—	—
Current Drawdown Current decline from peak	-3.02%	-0.45%	-2.57%
Average Drawdown Average peak-to-trough decline	-2.37%	-0.19%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	—	—

Volatility

Volatility by Period

	NJUL	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	1.99%	+10.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.53%	1.99%	+9.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.19%	1.99%	+9.20%