PHEQ vs. JULQ

Last updated Jun 5, 2026

PHEQ (Parametric Hedged Equity ETF) and JULQ (Innovator Premium Income 40 Barrier ETF - July) are both Options Trading funds. Both are actively managed. PHEQ charges 0.29%/yr vs 0.79%/yr for JULQ.

Performance

PHEQ vs. JULQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Parametric Hedged Equity ETF (PHEQ) and Innovator Premium Income 40 Barrier ETF - July (JULQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PHEQ

• 1D: 0.25%
• 1M: 1.77%
• YTD: 5.93%
• 6M: 6.33%
• 1Y: 16.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULQ

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PHEQ vs. JULQ - Yearly Performance Comparison

	2026 (YTD)
PHEQ Parametric Hedged Equity ETF	5.47%
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%

PHEQ vs. JULQ - Sectors Allocation Comparison

Sectors	PHEQ	JULQ
Technology	35.4%	31.7%
Communication Services	11.8%	9.5%
Financial Services	11.3%	14.0%
Consumer Cyclical	10.2%	10.4%
Healthcare	8.6%	10.9%
Industrials	8.3%	7.7%
Consumer Defensive	5.0%	6.2%
Energy	3.7%	3.2%
Utilities	2.4%	2.6%
Basic Materials	1.7%	1.8%
Real Estate	1.6%	2.3%

Return for Risk

PHEQ vs. JULQ — Risk / Return Rank

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

PHEQ

PHEQ Risk / Return Rank: 84
PHEQ Sharpe Ratio Rank: 83
PHEQ Sortino Ratio Rank: 89
PHEQ Omega Ratio Rank: 87
PHEQ Calmar Ratio Rank: 77
PHEQ Martin Ratio Rank: 85

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.

PHEQ vs. JULQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Parametric Hedged Equity ETF (PHEQ) and Innovator Premium Income 40 Barrier ETF - July (JULQ). 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.

	PHEQ	JULQ	Difference
Sharpe ratio: Return per unit of total volatility	2.69	—	—
Sortino ratio: Return per unit of downside risk	4.03	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	3.87	—	—
Martin ratio: Return relative to average drawdown	17.69	—	—
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

	PHEQ	JULQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.81	—	—

Drawdowns

PHEQ vs. JULQ - Drawdown Comparison

The maximum PHEQ drawdown since its inception was -12.55%, which is greater than JULQ's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PHEQ and JULQ.

Drawdown Indicators

	PHEQ	JULQ	Difference
Max Drawdown Largest peak-to-trough decline	-12.55%	0.00%	-12.55%
Max Drawdown (1Y) Largest decline over 1 year	-4.26%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.97%	0.00%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	—	—

Volatility

Volatility by Period

	PHEQ	JULQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.13%	0.00%	+6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.61%	0.00%	+8.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.61%	0.00%	+8.61%

PHEQ vs. JULQ - Expense Ratio Comparison

PHEQ has a 0.29% expense ratio, which is lower than JULQ's 0.79% expense ratio.

Dividends

PHEQ vs. JULQ - Dividend Comparison

PHEQ's dividend yield for the trailing twelve months is around 1.02%, while JULQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
JULQ Innovator Premium Income 40 Barrier ETF - July	0.00%	0.00%	0.00%	0.00%
PHEQ Parametric Hedged Equity ETF	1.02%	1.19%	1.39%	1.73%

Frequently Asked Questions

Which ETF is better, PHEQ or JULQ?

On fees, PHEQ is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PHEQ or JULQ?

PHEQ is cheaper with a 0.29% expense ratio, compared with 0.79% for JULQ.

Which ETF pays a higher dividend yield, PHEQ or JULQ?

PHEQ has the higher dividend yield at 1.02%, compared with 0.00% for JULQ.

What is the main difference between PHEQ and JULQ?

They also come from different issuers: Parametric and Innovator. Their fees differ too: 0.29% for PHEQ and 0.79% for JULQ.