PJUL vs. XLV
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - July (PJUL) and Health Care Select Sector SPDR Fund (XLV).
PJUL and XLV 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. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both PJUL and XLV 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 XLV.
Correlation
The correlation between PJUL and XLV is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PJUL vs. XLV - Performance Comparison
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Key characteristics
PJUL:
0.86
XLV:
-0.43
PJUL:
1.26
XLV:
-0.47
PJUL:
1.20
XLV:
0.94
PJUL:
0.86
XLV:
-0.39
PJUL:
3.52
XLV:
-0.96
PJUL:
2.61%
XLV:
6.85%
PJUL:
10.85%
XLV:
15.78%
PJUL:
-18.17%
XLV:
-39.17%
PJUL:
-0.38%
XLV:
-13.50%
Returns By Period
In the year-to-date period, PJUL achieves a 2.04% return, which is significantly higher than XLV's -1.95% return.
PJUL
2.04%
7.94%
2.59%
9.20%
13.19%
9.97%
N/A
XLV
-1.95%
-0.83%
-4.54%
-6.68%
2.81%
7.73%
7.76%
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PJUL vs. XLV - Expense Ratio Comparison
PJUL has a 0.79% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
PJUL vs. XLV — Risk-Adjusted Performance Rank
PJUL
XLV
PJUL vs. XLV - 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 Health Care Select Sector SPDR Fund (XLV). 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
PJUL vs. XLV - Dividend Comparison
PJUL has not paid dividends to shareholders, while XLV's dividend yield for the trailing twelve months is around 1.74%.
| 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% |
XLV Health Care Select Sector SPDR Fund | 1.74% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% |
Drawdowns
PJUL vs. XLV - Drawdown Comparison
The maximum PJUL drawdown since its inception was -18.17%, smaller than the maximum XLV drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for PJUL and XLV. For additional features, visit the drawdowns tool.
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Volatility
PJUL vs. XLV - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - July (PJUL) is 3.17%, while Health Care Select Sector SPDR Fund (XLV) has a volatility of 7.86%. This indicates that PJUL experiences smaller price fluctuations and is considered to be less risky than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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