NJUL vs. FTQI

Last updated Jul 16, 2026

NJUL (Innovator Nasdaq-100 Power Buffer ETF - July) and FTQI (First Trust Nasdaq BuyWrite Income ETF) are both Nasdaq-100 funds - NJUL tracks the Invesco QQQ Trust while FTQI tracks the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, NJUL returned 10.68%/yr vs 12.43%/yr for FTQI. A 0.75 correlation means they provide meaningful diversification when combined. NJUL charges 0.79%/yr vs 0.75%/yr for FTQI.

Performance

NJUL vs. FTQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) and First Trust Nasdaq BuyWrite Income ETF (FTQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NJUL achieves a 5.44% return, which is significantly lower than FTQI's 13.57% return.

NJUL

• 1D: -0.04%
• 1M: -0.75%
• 6M: 4.90%
• YTD: 5.44%
• 1Y: 11.93%
• 3Y*: 13.85%
• 5Y*: 10.68%
• 10Y*: —

FTQI

• 1D: 0.09%
• 1M: 1.97%
• 6M: 12.76%
• YTD: 13.57%
• 1Y: 27.70%
• 3Y*: 16.98%
• 5Y*: 12.43%
• 10Y*: 7.68%

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

NJUL vs. FTQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	5.44%	15.67%	13.93%	29.52%	-11.67%	7.86%	9.05%
FTQI First Trust Nasdaq BuyWrite Income ETF	13.57%	12.68%	18.30%	23.63%	-8.77%	10.46%	2.97%

Correlation

The correlation between NJUL and FTQI is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020	0.75

The correlation between NJUL and FTQI shifts across timeframes, from 0.75 (all time) to 0.87 (3 years), reflecting how their relationship changes across market environments.

NJUL vs. FTQI - Sectors Allocation Comparison

Sectors	NJUL	FTQI
Technology	58.0%	49.4%
Communication Services	14.5%	11.8%
Consumer Cyclical	11.6%	10.5%
Consumer Defensive	6.6%	6.2%
Healthcare	3.7%	6.0%
Industrials	2.6%	4.1%
Utilities	1.2%	1.5%
Basic Materials	1.0%	1.4%
Energy	0.5%	2.3%
Financial Services	0.2%	5.5%
Real Estate	0.1%	1.3%

Return for Risk

NJUL vs. FTQI — Risk / Return Rank

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

NJUL

NJUL Risk / Return Rank: 66
NJUL Sharpe Ratio Rank: 61
NJUL Sortino Ratio Rank: 62
NJUL Omega Ratio Rank: 66
NJUL Calmar Ratio Rank: 60
NJUL Martin Ratio Rank: 80

FTQI

FTQI Risk / Return Rank: 92
FTQI Sharpe Ratio Rank: 92
FTQI Sortino Ratio Rank: 92
FTQI Omega Ratio Rank: 91
FTQI Calmar Ratio Rank: 91
FTQI Martin Ratio Rank: 94

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. FTQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) and First Trust Nasdaq BuyWrite Income ETF (FTQI). 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	FTQI	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.57	-0.93
Sortino ratio: Return per unit of downside risk	2.33	3.54	-1.21
Omega ratio: Gain probability vs. loss probability	1.32	1.48	-0.16
Calmar ratio: Return relative to maximum drawdown	2.43	4.46	-2.03
Martin ratio: Return relative to average drawdown	12.15	21.13	-8.99

NJUL vs. FTQI - Sharpe Ratio Comparison

The current NJUL Sharpe Ratio is 1.64, which is lower than the FTQI Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of NJUL and FTQI, 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. FTQI - Drawdown Comparison

The maximum NJUL drawdown since its inception was -14.37%, smaller than the maximum FTQI drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for NJUL and FTQI.

Drawdown Indicators

	NJUL	FTQI	Difference
Max Drawdown Largest peak-to-trough decline	-14.37%	-19.42%	+5.05%
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	-6.24%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	-19.42%	+5.84%
Max Drawdown (5Y) Largest decline over 5 years	-14.37%	-19.42%	+5.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-19.42%	—
Current Drawdown Current decline from peak	-1.11%	-0.13%	-0.98%
Average Drawdown Average peak-to-trough decline	-2.28%	-3.73%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	1.31%	-0.33%

Volatility

NJUL vs. FTQI - Volatility Comparison

The current volatility for Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) is 2.42%, while First Trust Nasdaq BuyWrite Income ETF (FTQI) has a volatility of 2.86%. This indicates that NJUL experiences smaller price fluctuations and is considered to be less risky than FTQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NJUL	FTQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	2.86%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	5.66%	8.79%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	7.32%	10.84%	-3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.61%	14.82%	-3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.00%	12.98%	-1.98%

NJUL vs. FTQI - Expense Ratio Comparison

NJUL has a 0.79% expense ratio, which is higher than FTQI's 0.75% expense ratio.

Dividends

NJUL vs. FTQI - Dividend Comparison

NJUL has not paid dividends to shareholders, while FTQI's dividend yield for the trailing twelve months is around 10.84%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTQI First Trust Nasdaq BuyWrite Income ETF	10.84%	11.46%	11.66%	11.49%	9.85%	3.05%	3.27%	2.95%	3.27%	2.74%	3.02%	3.54%
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NJUL and FTQI in my portfolio?

NJUL and FTQI have a correlation of 0.85, 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 FTQI?

FTQI has higher volatility (2.86%) compared to NJUL (2.42%). In terms of maximum drawdown, NJUL dropped -14.37% vs FTQI's -19.42%.

Which ETF is better, NJUL or FTQI?

On 5-year performance, FTQI leads with 12.43% vs 10.68% for NJUL. On fees, FTQI is cheaper at 0.75% per year. On volatility, NJUL has been the lower-risk option at 2.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NJUL or FTQI?

Over the 5-year period, FTQI has performed better with a 12.43% return vs 10.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NJUL or FTQI?

FTQI is cheaper with a 0.75% expense ratio, compared with 0.79% for NJUL.

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

FTQI has the higher dividend yield at 10.84%, compared with 0.00% for NJUL.

What is the main difference between NJUL and FTQI?

NJUL tracks Invesco QQQ Trust, while FTQI tracks NASDAQ-100 Index. They also come from different issuers: Innovator and First Trust. Their fees differ too: 0.79% for NJUL and 0.75% for FTQI.

Which has better risk-adjusted returns?

FTQI currently has the higher Sharpe Ratio (2.57 vs 1.64), 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.