PJAN vs. PJUL
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Innovator U.S. Equity Power Buffer ETF - July (PJUL).
PJAN and PJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJAN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect January Series Index. It was launched on Jan 2, 2019. PJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index July. It was launched on Aug 8, 2018. Both PJAN and PJUL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJAN or PJUL.
Correlation
The correlation between PJAN and PJUL is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PJAN vs. PJUL - Performance Comparison
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Key characteristics
PJAN:
0.82
PJUL:
0.82
PJAN:
1.27
PJUL:
1.23
PJAN:
1.22
PJUL:
1.19
PJAN:
0.79
PJUL:
0.83
PJAN:
3.53
PJUL:
3.42
PJAN:
2.35%
PJUL:
2.61%
PJAN:
9.87%
PJUL:
10.83%
PJAN:
-21.25%
PJUL:
-18.17%
PJAN:
-0.96%
PJUL:
-0.66%
Returns By Period
In the year-to-date period, PJAN achieves a 1.35% return, which is significantly lower than PJUL's 1.75% return.
PJAN
1.35%
6.76%
2.27%
8.08%
12.23%
9.40%
N/A
PJUL
1.75%
7.63%
2.15%
8.81%
13.08%
9.96%
N/A
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PJAN vs. PJUL - Expense Ratio Comparison
Both PJAN and PJUL have an expense ratio of 0.79%.
Risk-Adjusted Performance
PJAN vs. PJUL — Risk-Adjusted Performance Rank
PJAN
PJUL
PJAN vs. PJUL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Innovator U.S. Equity Power Buffer ETF - July (PJUL). 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.
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Dividends
PJAN vs. PJUL - Dividend Comparison
Neither PJAN nor PJUL has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
PJAN Innovator U.S. Equity Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PJUL Innovator U.S. Equity Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% |
Drawdowns
PJAN vs. PJUL - Drawdown Comparison
The maximum PJAN drawdown since its inception was -21.25%, which is greater than PJUL's maximum drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for PJAN and PJUL. For additional features, visit the drawdowns tool.
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Volatility
PJAN vs. PJUL - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - January (PJAN) is 2.73%, while Innovator U.S. Equity Power Buffer ETF - July (PJUL) has a volatility of 2.88%. This indicates that PJAN experiences smaller price fluctuations and is considered to be less risky than PJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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