PJUL vs. JQUA
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - July (PJUL) and JPMorgan U.S. Quality Factor ETF (JQUA).
PJUL and JQUA 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 8, 2018. JQUA is a passively managed fund by JPMorgan Chase that tracks the performance of the JP Morgan US Quality Factor Index. It was launched on Nov 8, 2017. Both PJUL and JQUA 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: PJUL or JQUA.
Correlation
The correlation between PJUL and JQUA 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
PJUL vs. JQUA - Performance Comparison
Key characteristics
PJUL:
0.57
JQUA:
0.67
PJUL:
0.86
JQUA:
1.05
PJUL:
1.13
JQUA:
1.15
PJUL:
0.56
JQUA:
0.69
PJUL:
2.47
JQUA:
2.95
PJUL:
2.42%
JQUA:
3.92%
PJUL:
10.54%
JQUA:
17.23%
PJUL:
-18.17%
JQUA:
-32.92%
PJUL:
-5.74%
JQUA:
-8.84%
Returns By Period
The year-to-date returns for both investments are quite close, with PJUL having a -3.45% return and JQUA slightly higher at -3.31%.
PJUL
-3.45%
-2.95%
-2.09%
5.13%
9.40%
N/A
JQUA
-3.31%
-3.88%
-1.80%
10.38%
16.38%
N/A
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PJUL vs. JQUA - Expense Ratio Comparison
PJUL has a 0.79% expense ratio, which is higher than JQUA's 0.12% expense ratio.
Risk-Adjusted Performance
PJUL vs. JQUA — Risk-Adjusted Performance Rank
PJUL
JQUA
PJUL vs. JQUA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - July (PJUL) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.
Dividends
PJUL vs. JQUA - Dividend Comparison
PJUL has not paid dividends to shareholders, while JQUA's dividend yield for the trailing twelve months is around 1.37%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
PJUL Innovator U.S. Equity Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% | 0.00% | 0.00% |
JQUA JPMorgan U.S. Quality Factor ETF | 1.37% | 1.24% | 1.22% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% |
Drawdowns
PJUL vs. JQUA - Drawdown Comparison
The maximum PJUL drawdown since its inception was -18.17%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for PJUL and JQUA. For additional features, visit the drawdowns tool.
Volatility
PJUL vs. JQUA - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - July (PJUL) is 7.95%, while JPMorgan U.S. Quality Factor ETF (JQUA) has a volatility of 12.73%. This indicates that PJUL experiences smaller price fluctuations and is considered to be less risky than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.