NJUN vs. FBUF

Last updated Aug 1, 2026

NJUN (Innovator Growth-100 Power Buffer ETF - June) and FBUF (Fidelity Dynamic Buffered Equity ETF) are both Defined Outcome funds. Both are actively managed. Over the past year, NJUN returned 7.37% vs 18.24% for FBUF. Their correlation of 0.86 means they have usually moved in the same direction. NJUN charges 0.79%/yr vs 0.48%/yr for FBUF.

Performance

NJUN vs. FBUF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - June (NJUN) and Fidelity Dynamic Buffered Equity ETF (FBUF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NJUN achieves a 1.28% return, which is significantly lower than FBUF's 7.24% return.

NJUN

• 1D: 0.65%
• 1M: -1.28%
• 6M: 0.68%
• YTD: 1.28%
• 1Y: 7.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.58%

FBUF

• 1D: 0.75%
• 1M: 2.45%
• 6M: 5.84%
• YTD: 7.24%
• 1Y: 18.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.98%

*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)
FBUF Fidelity Dynamic Buffered Equity ETF	$219.76K	$192.41K	$264.91K
NJUN Innovator Growth-100 Power Buffer ETF - June	$369.68K	$455.51K	$2.98M

NJUN vs. FBUF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NJUN Innovator Growth-100 Power Buffer ETF - June	1.28%	15.75%	8.06%
FBUF Fidelity Dynamic Buffered Equity ETF	7.24%	14.01%	9.75%

Correlation

The correlation between NJUN and FBUF is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.86

The correlation between NJUN and FBUF has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

Return for Risk

NJUN vs. FBUF — Risk / Return Rank

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

NJUN

NJUN Risk / Return Rank: 36
NJUN Sharpe Ratio Rank: 33
NJUN Sortino Ratio Rank: 31
NJUN Omega Ratio Rank: 34
NJUN Calmar Ratio Rank: 35
NJUN Martin Ratio Rank: 49

FBUF

FBUF Risk / Return Rank: 84
FBUF Sharpe Ratio Rank: 85
FBUF Sortino Ratio Rank: 82
FBUF Omega Ratio Rank: 86
FBUF Calmar Ratio Rank: 82
FBUF Martin Ratio Rank: 87

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.

NJUN vs. FBUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - June (NJUN) and Fidelity Dynamic Buffered Equity ETF (FBUF). 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.

	NJUN	FBUF	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.98	-1.18
Sortino ratio: Return per unit of downside risk	1.18	2.67	-1.49
Omega ratio: Gain probability vs. loss probability	1.16	1.38	-0.22
Calmar ratio: Return relative to maximum drawdown	1.19	3.01	-1.82
Martin ratio: Return relative to average drawdown	5.76	12.57	-6.81

NJUN vs. FBUF - Sharpe Ratio Comparison

The current NJUN Sharpe Ratio is 0.80, which is lower than the FBUF Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of NJUN and FBUF, 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

NJUN vs. FBUF - Drawdown Comparison

The maximum NJUN drawdown since its inception was -12.59%, which is greater than FBUF's maximum drawdown of -11.09%. Use the drawdown chart below to compare losses from any high point for NJUN and FBUF.

Drawdown Indicators

	NJUN	FBUF	Difference
Max Drawdown Largest peak-to-trough decline	-12.59%	-11.09%	-1.50%
Max Drawdown (1Y) Largest decline over 1 year	-5.52%	-5.61%	+0.09%
Current Drawdown Current decline from peak	-3.33%	0.00%	-3.33%
Average Drawdown Average peak-to-trough decline	-1.15%	-1.34%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	1.34%	-0.20%

Volatility

NJUN vs. FBUF - Volatility Comparison

Innovator Growth-100 Power Buffer ETF - June (NJUN) has a higher volatility of 3.72% compared to Fidelity Dynamic Buffered Equity ETF (FBUF) at 2.85%. This indicates that NJUN's price experiences larger fluctuations and is considered to be riskier than FBUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NJUN	FBUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	2.85%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	6.38%	+0.89%
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	8.52%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.01%	9.66%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	9.66%	+1.35%

NJUN vs. FBUF - Expense Ratio Comparison

NJUN has a 0.79% expense ratio, which is higher than FBUF's 0.48% expense ratio.

Dividends

NJUN vs. FBUF - Dividend Comparison

NJUN has not paid dividends to shareholders, while FBUF's dividend yield for the trailing twelve months is around 0.58%.

Position	TTM	2025	2024
FBUF Fidelity Dynamic Buffered Equity ETF	0.58%	0.64%	0.54%
NJUN Innovator Growth-100 Power Buffer ETF - June	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NJUN and FBUF in my portfolio?

NJUN and FBUF have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NJUN or FBUF?

NJUN has higher volatility (3.72%) compared to FBUF (2.85%). In terms of maximum drawdown, NJUN dropped -12.59% vs FBUF's -11.09%.

Which ETF is better, NJUN or FBUF?

On 1-year performance, FBUF leads with 18.24% vs 7.37% for NJUN. On fees, FBUF is cheaper at 0.48% per year. On volatility, FBUF has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NJUN or FBUF?

Over the 1-year period, FBUF has performed better with a 18.24% return vs 7.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NJUN or FBUF?

FBUF is cheaper with a 0.48% expense ratio, compared with 0.79% for NJUN.

Which ETF pays a higher dividend yield, NJUN or FBUF?

FBUF has the higher dividend yield at 0.58%, compared with 0.00% for NJUN.

What is the main difference between NJUN and FBUF?

They also come from different issuers: Innovator and Fidelity. Their fees differ too: 0.79% for NJUN and 0.48% for FBUF.

Which has better risk-adjusted returns?

FBUF currently has the higher Sharpe Ratio (1.98 vs 0.80), 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.