QCAP vs. JULJ

Last updated Apr 2, 2026

Compare and contrast key facts about FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP) and Innovator Premium Income 30 Barrier ETF - July (JULJ).

QCAP and JULJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QCAP is an actively managed fund by FT Vest. It was launched on Apr 18, 2024. JULJ is an actively managed fund by Innovator. It was launched on Jun 30, 2023.

Performance

QCAP vs. JULJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP) and Innovator Premium Income 30 Barrier ETF - July (JULJ). The values are adjusted to include any dividend payments, if applicable.

QCAP vs. JULJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QCAP FT Vest NASDAQ-100 Conservative Buffer ETF - April	1.16%	7.13%	10.40%
JULJ Innovator Premium Income 30 Barrier ETF - July	0.80%	5.91%	4.22%

Returns By Period

In the year-to-date period, QCAP achieves a 1.16% return, which is significantly higher than JULJ's 0.80% return.

QCAP

• 1D: -0.02%
• 1M: 0.41%
• YTD: 1.16%
• 6M: 2.83%
• 1Y: 8.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JULJ

• 1D: 0.07%
• 1M: 0.26%
• YTD: 0.80%
• 6M: 2.19%
• 1Y: 5.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QCAP vs. JULJ - Expense Ratio Comparison

QCAP has a 0.90% expense ratio, which is higher than JULJ's 0.79% expense ratio.

QCAP

FT Vest NASDAQ-100 Conservative Buffer ETF - April

JULJ

Innovator Premium Income 30 Barrier ETF - July

Return for Risk

QCAP vs. JULJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QCAP

QCAP Risk / Return Rank: 50
QCAP Sharpe Ratio Rank: 37
QCAP Sortino Ratio Rank: 39
QCAP Omega Ratio Rank: 80
QCAP Calmar Ratio Rank: 35
QCAP Martin Ratio Rank: 61

JULJ

JULJ Risk / Return Rank: 77
JULJ Sharpe Ratio Rank: 67
JULJ Sortino Ratio Rank: 78
JULJ Omega Ratio Rank: 95
JULJ Calmar Ratio Rank: 52
JULJ Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QCAP vs. JULJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP) and Innovator Premium Income 30 Barrier ETF - July (JULJ). 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.

	QCAP	JULJ	Difference
Sharpe ratio Return per unit of total volatility	0.76	1.27	-0.51
Sortino ratio Return per unit of downside risk	1.21	2.11	-0.90
Omega ratio Gain probability vs. loss probability	1.33	1.48	-0.15
Calmar ratio Return relative to maximum drawdown	1.08	1.55	-0.47
Martin ratio Return relative to average drawdown	6.97	15.70	-8.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QCAP vs. JULJ - Sharpe Ratio Comparison

The current QCAP Sharpe Ratio is 0.76, which is lower than the JULJ Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of QCAP and JULJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QCAP	JULJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	1.27	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	1.91	-0.83

Correlation

The correlation between QCAP and JULJ is 0.67, 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

QCAP vs. JULJ - Dividend Comparison

QCAP has not paid dividends to shareholders, while JULJ's dividend yield for the trailing twelve months is around 5.72%.

	TTM	2025	2024	2023
QCAP FT Vest NASDAQ-100 Conservative Buffer ETF - April	0.00%	0.00%	0.00%	0.00%
JULJ Innovator Premium Income 30 Barrier ETF - July	5.72%	5.76%	5.96%	3.21%

Drawdowns

QCAP vs. JULJ - Drawdown Comparison

The maximum QCAP drawdown since its inception was -9.17%, which is greater than JULJ's maximum drawdown of -3.62%. Use the drawdown chart below to compare losses from any high point for QCAP and JULJ.

Drawdown Indicators

	QCAP	JULJ	Difference
Max Drawdown Largest peak-to-trough decline	-9.17%	-3.62%	-5.55%
Max Drawdown (1Y) Largest decline over 1 year	-8.13%	-3.62%	-4.51%
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.56%	-0.11%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	0.36%	+0.90%

Volatility

QCAP vs. JULJ - Volatility Comparison

FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP) and Innovator Premium Income 30 Barrier ETF - July (JULJ) have volatilities of 0.69% and 0.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCAP	JULJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	0.68%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.62%	1.27%	+0.35%
Volatility (1Y) Calculated over the trailing 1-year period	11.02%	4.40%	+6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.03%	3.16%	+5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.03%	3.16%	+5.87%