PJUN vs. BALT
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - June (PJUN) and Innovator Defined Wealth Shield ETF (BALT).
PJUN and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJUN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect June Series Index. It was launched on Jun 3, 2019. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJUN or BALT.
Correlation
The correlation between PJUN and BALT is 0.74, 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
PJUN vs. BALT - Performance Comparison
Key characteristics
PJUN:
2.47
BALT:
3.25
PJUN:
3.39
BALT:
4.75
PJUN:
1.57
BALT:
1.73
PJUN:
3.04
BALT:
5.44
PJUN:
18.42
BALT:
28.42
PJUN:
0.68%
BALT:
0.35%
PJUN:
5.04%
BALT:
3.09%
PJUN:
-16.31%
BALT:
-2.16%
PJUN:
0.00%
BALT:
0.00%
Returns By Period
In the year-to-date period, PJUN achieves a 2.21% return, which is significantly higher than BALT's 1.50% return.
PJUN
2.21%
1.17%
5.69%
12.60%
6.91%
N/A
BALT
1.50%
0.82%
5.04%
10.08%
N/A
N/A
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PJUN vs. BALT - Expense Ratio Comparison
PJUN has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
PJUN vs. BALT — Risk-Adjusted Performance Rank
PJUN
BALT
PJUN vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - June (PJUN) and Innovator Defined Wealth Shield ETF (BALT). 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
PJUN vs. BALT - Dividend Comparison
Neither PJUN nor BALT has paid dividends to shareholders.
Drawdowns
PJUN vs. BALT - Drawdown Comparison
The maximum PJUN drawdown since its inception was -16.31%, which is greater than BALT's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for PJUN and BALT. For additional features, visit the drawdowns tool.
Volatility
PJUN vs. BALT - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - June (PJUN) has a higher volatility of 1.04% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.59%. This indicates that PJUN's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.