NJUL vs. DRLL

Last updated Aug 5, 2026

NJUL (Innovator Nasdaq-100 Power Buffer ETF - July) and DRLL (Strive U.S. Energy ETF) are both exchange-traded funds - NJUL is a Nasdaq-100 fund tracking the Invesco QQQ Trust, while DRLL is a Energy Equities fund tracking the Bloomberg US Energy Select Index. Both are passively managed. Over the past 3 years, NJUL returned 14.38%/yr vs 12.03%/yr for DRLL. Their 0.16 correlation means their historical movements had little consistent relationship. NJUL charges 0.79%/yr vs 0.41%/yr for DRLL.

Performance

NJUL vs. DRLL - Performance Comparison

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

Returns By Period

In the year-to-date period, NJUL achieves a 5.94% return, which is significantly lower than DRLL's 33.53% return.

NJUL

• 1D: 1.50%
• 1M: 1.03%
• 6M: 5.36%
• YTD: 5.94%
• 1Y: 11.47%
• 3Y*: 14.38%
• 5Y*: 10.48%
• 10Y*: —
• ALL TIME*: 10.91%

DRLL

• 1D: -1.05%
• 1M: 11.55%
• 6M: 17.30%
• YTD: 33.53%
• 1Y: 41.89%
• 3Y*: 12.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRLL Strive U.S. Energy ETF	$455.44K	$502.20K	$532.52K
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	$1.52M	$2.12M	$1.68M

NJUL vs. DRLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	5.94%	15.67%	13.93%	29.52%	-6.88%
DRLL Strive U.S. Energy ETF	33.53%	7.74%	0.02%	-1.84%	15.52%

Correlation

The correlation between NJUL and DRLL is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.15
Correlation (3Y) Balances recent behavior with more history.	0.04
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.16

The correlation between NJUL and DRLL shifts across timeframes, from -0.15 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

NJUL vs. DRLL - Sectors Allocation Comparison

Sectors	NJUL	DRLL
Technology	60.2%	-
Communication Services	13.3%	-
Consumer Cyclical	10.9%	0.9%
Consumer Defensive	6.5%	-
Healthcare	3.6%	-
Industrials	2.7%	-
Utilities	1.2%	-
Basic Materials	1.0%	-
Energy	0.5%	99.1%
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

NJUL vs. DRLL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NJUL

NJUL Risk / Return Rank: 57
NJUL Sharpe Ratio Rank: 52
NJUL Sortino Ratio Rank: 53
NJUL Omega Ratio Rank: 55
NJUL Calmar Ratio Rank: 55
NJUL Martin Ratio Rank: 68

DRLL

DRLL Risk / Return Rank: 61
DRLL Sharpe Ratio Rank: 70
DRLL Sortino Ratio Rank: 63
DRLL Omega Ratio Rank: 62
DRLL Calmar Ratio Rank: 62
DRLL Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NJUL vs. DRLL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) and Strive U.S. Energy ETF (DRLL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NJUL	DRLL	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.83	-0.39
Sortino ratio: Return per unit of downside risk	2.11	2.37	-0.26
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.02
Calmar ratio: Return relative to maximum drawdown	2.24	2.48	-0.24
Martin ratio: Return relative to average drawdown	9.43	6.29	+3.14

NJUL vs. DRLL - Sharpe Ratio Comparison

The current NJUL Sharpe Ratio is 1.44, which is comparable to the DRLL Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of NJUL and DRLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NJUL vs. DRLL - Drawdown Comparison

The maximum NJUL drawdown since its inception was -14.37%, smaller than the maximum DRLL drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for NJUL and DRLL.

Drawdown Indicators

	NJUL	DRLL	Difference
Max Drawdown Largest peak-to-trough decline	-14.37%	-23.73%	+9.36%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-16.99%	+11.85%
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	-23.73%	+10.15%
Max Drawdown (5Y) Largest decline over 5 years	-14.37%	—	—
Current Drawdown Current decline from peak	-0.64%	-6.51%	+5.87%
Average Drawdown Average peak-to-trough decline	-2.28%	-8.14%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	6.68%	-5.46%

Volatility

NJUL vs. DRLL - Volatility Comparison

The current volatility for Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) is 4.04%, while Strive U.S. Energy ETF (DRLL) has a volatility of 7.12%. This indicates that NJUL experiences smaller price fluctuations and is considered to be less risky than DRLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NJUL	DRLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	7.12%	-3.08%
Volatility (6M) Calculated over the trailing 6-month period	6.49%	18.68%	-12.19%
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	22.97%	-14.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.70%	23.79%	-12.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.04%	23.79%	-12.75%

NJUL vs. DRLL - Expense Ratio Comparison

NJUL has a 0.79% expense ratio, which is higher than DRLL's 0.41% expense ratio.

Dividends

NJUL vs. DRLL - Dividend Comparison

NJUL has not paid dividends to shareholders, while DRLL's dividend yield for the trailing twelve months is around 2.27%.

Position	TTM	2025	2024	2023	2022
DRLL Strive U.S. Energy ETF	2.27%	2.99%	3.00%	3.01%	1.18%
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NJUL and DRLL in my portfolio?

NJUL and DRLL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NJUL or DRLL?

DRLL has higher volatility (7.12%) compared to NJUL (4.04%). In terms of maximum drawdown, NJUL dropped -14.37% vs DRLL's -23.73%.

Which ETF is better, NJUL or DRLL?

On 3-year performance, NJUL leads with 14.38% vs 12.03% for DRLL. On fees, DRLL is cheaper at 0.41% per year. On volatility, NJUL has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NJUL or DRLL?

Over the 3-year period, NJUL has performed better with a 14.38% return vs 12.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NJUL or DRLL?

DRLL is cheaper with a 0.41% expense ratio, compared with 0.79% for NJUL.

Which ETF pays a higher dividend yield, NJUL or DRLL?

DRLL has the higher dividend yield at 2.27%, compared with 0.00% for NJUL.

What is the main difference between NJUL and DRLL?

NJUL is categorized as Nasdaq-100, while DRLL is Energy Equities. NJUL tracks Invesco QQQ Trust, while DRLL tracks Bloomberg US Energy Select Index. They also come from different issuers: Innovator and Strive. Their fees differ too: 0.79% for NJUL and 0.41% for DRLL.

Which has better risk-adjusted returns?

DRLL currently has the higher Sharpe Ratio (1.83 vs 1.44), 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.