PJUL vs. DJUL
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - July (PJUL) and FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL).
PJUL and DJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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 7, 2018. DJUL is a passively managed fund by FT Vest that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect July Series Index. It was launched on Jul 16, 2020. Both PJUL and DJUL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PJUL vs. DJUL - Performance Comparison
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PJUL vs. DJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PJUL Innovator U.S. Equity Power Buffer ETF - July | -0.60% | 12.78% | 13.76% | 19.87% | -2.08% | 7.20% | 5.08% |
DJUL FT Cboe Vest U.S. Equity Deep Buffer ETF - July | -1.22% | 13.31% | 15.02% | 18.08% | -8.28% | 6.18% | 4.51% |
Returns By Period
In the year-to-date period, PJUL achieves a -0.60% return, which is significantly higher than DJUL's -1.22% return.
PJUL
- 1D
- 0.40%
- 1M
- -1.41%
- YTD
- -0.60%
- 6M
- 1.12%
- 1Y
- 14.39%
- 3Y*
- 13.41%
- 5Y*
- 9.46%
- 10Y*
- —
DJUL
- 1D
- 0.53%
- 1M
- -1.96%
- YTD
- -1.22%
- 6M
- 0.39%
- 1Y
- 14.66%
- 3Y*
- 13.26%
- 5Y*
- 7.79%
- 10Y*
- —
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PJUL vs. DJUL - Expense Ratio Comparison
PJUL has a 0.79% expense ratio, which is lower than DJUL's 0.85% expense ratio.
Return for Risk
PJUL vs. DJUL — Risk / Return Rank
PJUL
DJUL
PJUL vs. DJUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - July (PJUL) and FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL). 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.
| PJUL | DJUL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.47 | -0.04 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.18 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.09 | +0.03 |
Martin ratioReturn relative to average drawdown | 11.94 | 10.86 | +1.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PJUL | DJUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.47 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.94 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.00 | -0.16 |
Correlation
The correlation between PJUL and DJUL is 0.91, 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.
Dividends
PJUL vs. DJUL - Dividend Comparison
Neither PJUL nor DJUL has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PJUL Innovator U.S. Equity Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% |
DJUL FT Cboe Vest U.S. Equity Deep Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PJUL vs. DJUL - Drawdown Comparison
The maximum PJUL drawdown since its inception was -18.17%, which is greater than DJUL's maximum drawdown of -12.54%. Use the drawdown chart below to compare losses from any high point for PJUL and DJUL.
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Drawdown Indicators
| PJUL | DJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -12.54% | -5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -7.11% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -10.69% | -12.54% | +1.85% |
Current DrawdownCurrent decline from peak | -1.68% | -2.27% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -2.05% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 1.37% | -0.13% |
Volatility
PJUL vs. DJUL - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - July (PJUL) and FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL) have volatilities of 2.93% and 2.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJUL | DJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 2.91% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.17% | 4.34% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 10.00% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 8.35% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 8.02% | +2.10% |