PJUL vs. XLV
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - July (PJUL) and State Street Health Care Select Sector SPDR ETF (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 7, 2018. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector Index. 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.
Performance
PJUL vs. XLV - Performance Comparison
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PJUL vs. XLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PJUL Innovator U.S. Equity Power Buffer ETF - July | -0.60% | 12.78% | 13.76% | 19.87% | -2.08% | 7.20% | 7.51% | 12.47% | -4.45% |
XLV State Street Health Care Select Sector SPDR ETF | -4.18% | 14.50% | 2.47% | 2.07% | -2.08% | 26.04% | 13.30% | 20.45% | -3.19% |
Returns By Period
In the year-to-date period, PJUL achieves a -0.60% return, which is significantly higher than XLV's -4.18% return.
PJUL
- 1D
- 0.40%
- 1M
- -1.41%
- YTD
- -0.60%
- 6M
- 1.12%
- 1Y
- 14.39%
- 3Y*
- 13.41%
- 5Y*
- 9.46%
- 10Y*
- —
XLV
- 1D
- 0.76%
- 1M
- -6.43%
- YTD
- -4.18%
- 6M
- 3.83%
- 1Y
- 4.90%
- 3Y*
- 6.25%
- 5Y*
- 6.59%
- 10Y*
- 9.80%
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PJUL vs. XLV - Expense Ratio Comparison
PJUL has a 0.79% expense ratio, which is higher than XLV's 0.08% expense ratio.
Return for Risk
PJUL vs. XLV — Risk / Return Rank
PJUL
XLV
PJUL vs. XLV - 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 State Street Health Care Select Sector SPDR ETF (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.
| PJUL | XLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 0.28 | +1.15 |
Sortino ratioReturn per unit of downside risk | 2.17 | 0.51 | +1.66 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 0.28 | +1.84 |
Martin ratioReturn relative to average drawdown | 11.94 | 0.58 | +11.36 |
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 | XLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.28 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.45 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.46 | +0.37 |
Correlation
The correlation between PJUL and XLV is 0.61, 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.
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 1.70%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
XLV State Street Health Care Select Sector SPDR ETF | 1.70% | 1.60% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% |
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.
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Drawdown Indicators
| PJUL | XLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.17% | -39.17% | +21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -10.76% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -10.69% | -17.11% | +6.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -1.68% | -7.41% | +5.73% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -7.12% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 5.11% | -3.87% |
Volatility
PJUL vs. XLV - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - July (PJUL) is 2.93%, while State Street Health Care Select Sector SPDR ETF (XLV) has a volatility of 4.79%. 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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Volatility by Period
| PJUL | XLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 4.79% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 4.17% | 10.29% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.09% | 17.73% | -7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.58% | 14.56% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 16.53% | -6.41% |