NJUL vs. QB

Last updated Jun 4, 2026

NJUL (Innovator Nasdaq-100 Power Buffer ETF - July) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - NJUL is a Nasdaq-100 fund tracking the Invesco QQQ Trust, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. NJUL charges 0.79%/yr vs 0.58%/yr for QB.

Performance

NJUL vs. QB - Performance Comparison

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

Returns By Period

In the year-to-date period, NJUL achieves a 6.16% return, which is significantly lower than QB's 10.47% return.

NJUL

• 1D: 0.02%
• 1M: 1.39%
• YTD: 6.16%
• 6M: 6.40%
• 1Y: 18.75%
• 3Y*: 14.95%
• 5Y*: 10.86%
• 10Y*: —

QB

• 1D: -0.19%
• 1M: 2.95%
• YTD: 10.47%
• 6M: 9.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NJUL vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	6.16%	8.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between NJUL and QB is 0.73, 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 Jun 27, 2025	0.73

NJUL vs. QB - Sectors Allocation Comparison

Sectors	NJUL	QB
Technology	54.2%	49.9%
Communication Services	15.5%	16.4%
Consumer Cyclical	12.2%	12.5%
Consumer Defensive	7.6%	8.6%
Healthcare	4.2%	5.3%
Industrials	2.8%	3.7%
Utilities	1.4%	1.6%
Basic Materials	1.2%	1.3%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

NJUL vs. QB — Risk / Return Rank

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

NJUL

NJUL Risk / Return Rank: 80
NJUL Sharpe Ratio Rank: 75
NJUL Sortino Ratio Rank: 79
NJUL Omega Ratio Rank: 81
NJUL Calmar Ratio Rank: 76
NJUL Martin Ratio Rank: 88

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. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Power Buffer ETF - July (NJUL) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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	QB	Difference
Sharpe ratio: Return per unit of total volatility	2.45	—	—
Sortino ratio: Return per unit of downside risk	3.56	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.82	—	—
Martin ratio: Return relative to average drawdown	19.60	—	—
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	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	3.17	-2.16

Drawdowns

NJUL vs. QB - Drawdown Comparison

The maximum NJUL drawdown since its inception was -14.37%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for NJUL and QB.

Drawdown Indicators

	NJUL	QB	Difference
Max Drawdown Largest peak-to-trough decline	-14.37%	-1.83%	-12.54%
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.37%	—	—
Current Drawdown Current decline from peak	0.00%	-0.30%	+0.30%
Average Drawdown Average peak-to-trough decline	-2.31%	-0.34%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	—	—

Volatility

Volatility by Period

	NJUL	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.71%	5.75%	+1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.56%	5.75%	+5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.06%	5.75%	+5.31%

NJUL vs. QB - Expense Ratio Comparison

NJUL has a 0.79% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

NJUL vs. QB - Dividend Comparison

NJUL has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%

Frequently Asked Questions

Can I hold both NJUL and QB in my portfolio?

NJUL and QB have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NJUL or QB?

On fees, QB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NJUL or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.79% for NJUL.

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

QB has the higher dividend yield at 0.62%, compared with 0.00% for NJUL.

What is the main difference between NJUL and QB?

NJUL is categorized as Nasdaq-100, while QB is Defined Outcome. NJUL tracks Invesco QQQ Trust, while QB tracks Nasdaq-100. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for NJUL and 0.58% for QB.