TBJL vs. FFTY
TBJL (Innovator 20+ Year Treasury Bond Buffer ETF – July) and FFTY (Innovator IBD 50 ETF) are both exchange-traded funds - TBJL is a Defined Outcome fund tracking the iShares 20+ Year Treasury Bond ETF, while FFTY is a Large Cap Growth Equities fund tracking the IBD 50 Index. Both are passively managed. Over the past 5 years, TBJL returned -3.21%/yr vs -1.91%/yr for FFTY. At a 0.03 correlation, their price movements are largely independent. TBJL charges 0.79%/yr vs 0.80%/yr for FFTY.
Performance
TBJL vs. FFTY - Performance Comparison
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Returns By Period
In the year-to-date period, TBJL achieves a -0.55% return, which is significantly lower than FFTY's 12.41% return.
TBJL
- 1D
- -0.08%
- 1M
- -0.13%
- YTD
- -0.55%
- 6M
- -1.07%
- 1Y
- -0.32%
- 3Y*
- -1.18%
- 5Y*
- -3.21%
- 10Y*
- —
FFTY
- 1D
- -7.47%
- 1M
- -5.12%
- YTD
- 12.41%
- 6M
- 12.46%
- 1Y
- 30.31%
- 3Y*
- 18.01%
- 5Y*
- -1.91%
- 10Y*
- 6.73%
TBJL vs. FFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TBJL Innovator 20+ Year Treasury Bond Buffer ETF – July | -0.55% | 1.74% | -3.16% | 4.12% | -20.82% | -0.32% | -1.92% |
FFTY Innovator IBD 50 ETF | 12.41% | 23.38% | 18.36% | 12.40% | -51.08% | 11.92% | 8.31% |
Correlation
The correlation between TBJL and FFTY is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.03 |
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Return for Risk
TBJL vs. FFTY — Risk / Return Rank
TBJL
FFTY
TBJL vs. FFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator 20+ Year Treasury Bond Buffer ETF – July (TBJL) and Innovator IBD 50 ETF (FFTY). 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.
| TBJL | FFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.17 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.31 | -1.38 |
| Martin ratioReturn relative to average drawdown | -0.13 | 3.46 | -3.59 |
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
| TBJL | FFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.87 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | -0.07 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.38 | 0.17 | -0.55 |
Drawdowns
TBJL vs. FFTY - Drawdown Comparison
The maximum TBJL drawdown since its inception was -29.36%, smaller than the maximum FFTY drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for TBJL and FFTY.
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Drawdown Indicators
| TBJL | FFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.36% | -59.46% | +30.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -23.29% | +18.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.01% | -29.60% | +14.59% |
Max Drawdown (5Y)Largest decline over 5 years | -28.57% | -59.46% | +30.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.46% | — |
Current DrawdownCurrent decline from peak | -21.02% | -20.77% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -15.63% | -22.37% | +6.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 8.78% | -6.27% |
Volatility
TBJL vs. FFTY - Volatility Comparison
The current volatility for Innovator 20+ Year Treasury Bond Buffer ETF – July (TBJL) is 0.67%, while Innovator IBD 50 ETF (FFTY) has a volatility of 11.61%. This indicates that TBJL experiences smaller price fluctuations and is considered to be less risky than FFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBJL | FFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 11.61% | -10.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 27.32% | -24.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 34.94% | -29.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.89% | 29.32% | -18.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 27.51% | -16.85% |
TBJL vs. FFTY - Expense Ratio Comparison
TBJL has a 0.79% expense ratio, which is lower than FFTY's 0.80% expense ratio.
Dividends
TBJL vs. FFTY - Dividend Comparison
TBJL has not paid dividends to shareholders, while FFTY's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FFTY Innovator IBD 50 ETF | 1.20% | 1.35% | 0.91% | 0.65% | 2.75% | 0.22% | 0.00% | 0.00% | 0.00% | 0.17% |
TBJL Innovator 20+ Year Treasury Bond Buffer ETF – July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TBJL and FFTY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFTY has higher volatility (11.61%) compared to TBJL (0.67%). In terms of maximum drawdown, TBJL dropped -29.36% vs FFTY's -59.46%.
On 5-year performance, FFTY leads with -1.91% vs -3.21% for TBJL. On fees, TBJL is cheaper at 0.79% per year. On volatility, TBJL has been the lower-risk option at 0.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FFTY has performed better with a -1.91% return vs -3.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBJL is cheaper with a 0.79% expense ratio, compared with 0.80% for FFTY.
FFTY has the higher dividend yield at 1.20%, compared with 0.00% for TBJL.
TBJL is categorized as Defined Outcome, while FFTY is Large Cap Growth Equities. TBJL tracks iShares 20+ Year Treasury Bond ETF, while FFTY tracks IBD 50 Index. Their fees differ too: 0.79% for TBJL and 0.80% for FFTY.
FFTY currently has the higher Sharpe Ratio (0.87 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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