PJUL vs. USMV
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - July (PJUL) and iShares Edge MSCI Min Vol USA ETF (USMV).
PJUL and USMV 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. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. Both PJUL and USMV 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 USMV.
Correlation
The correlation between PJUL and USMV is 0.75, 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. USMV - Performance Comparison
Key characteristics
PJUL:
2.14
USMV:
2.05
PJUL:
2.91
USMV:
2.86
PJUL:
1.44
USMV:
1.37
PJUL:
3.01
USMV:
2.66
PJUL:
16.00
USMV:
8.44
PJUL:
0.83%
USMV:
2.16%
PJUL:
6.23%
USMV:
8.89%
PJUL:
-18.17%
USMV:
-33.10%
PJUL:
0.00%
USMV:
-0.41%
Returns By Period
In the year-to-date period, PJUL achieves a 2.43% return, which is significantly lower than USMV's 5.59% return.
PJUL
2.43%
1.27%
6.09%
13.76%
9.33%
N/A
USMV
5.59%
4.34%
5.16%
18.58%
8.14%
10.52%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PJUL vs. USMV - Expense Ratio Comparison
PJUL has a 0.79% expense ratio, which is higher than USMV's 0.15% expense ratio.
Risk-Adjusted Performance
PJUL vs. USMV — Risk-Adjusted Performance Rank
PJUL
USMV
PJUL vs. USMV - 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 iShares Edge MSCI Min Vol USA ETF (USMV). 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. USMV - Dividend Comparison
PJUL has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.59%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.59% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% |
Drawdowns
PJUL vs. USMV - Drawdown Comparison
The maximum PJUL drawdown since its inception was -18.17%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for PJUL and USMV. For additional features, visit the drawdowns tool.
Volatility
PJUL vs. USMV - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - July (PJUL) is 1.31%, while iShares Edge MSCI Min Vol USA ETF (USMV) has a volatility of 2.48%. This indicates that PJUL experiences smaller price fluctuations and is considered to be less risky than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.