TFJL vs. PJUL
Compare and contrast key facts about Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) and Innovator U.S. Equity Power Buffer ETF - July (PJUL).
TFJL and PJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFJL is an actively managed fund by Innovator. It was launched on Aug 17, 2020. 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.
Performance
TFJL vs. PJUL - Performance Comparison
Loading graphics...
TFJL vs. PJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly | -0.83% | -0.81% | -6.79% | 8.23% | -17.17% | -2.46% | -1.98% |
PJUL Innovator U.S. Equity Power Buffer ETF - July | -0.60% | 12.78% | 13.76% | 19.87% | -2.08% | 7.20% | 3.53% |
Returns By Period
In the year-to-date period, TFJL achieves a -0.83% return, which is significantly lower than PJUL's -0.60% return.
TFJL
- 1D
- -0.47%
- 1M
- -3.40%
- YTD
- -0.83%
- 6M
- -2.91%
- 1Y
- -5.99%
- 3Y*
- -2.44%
- 5Y*
- -3.58%
- 10Y*
- —
PJUL
- 1D
- 0.40%
- 1M
- -1.41%
- YTD
- -0.60%
- 6M
- 1.12%
- 1Y
- 14.39%
- 3Y*
- 13.41%
- 5Y*
- 9.46%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TFJL vs. PJUL - Expense Ratio Comparison
Both TFJL and PJUL have an expense ratio of 0.79%.
Return for Risk
TFJL vs. PJUL — Risk / Return Rank
TFJL
PJUL
TFJL vs. PJUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) and Innovator U.S. Equity Power Buffer ETF - July (PJUL). 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.
| TFJL | PJUL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.70 | 1.43 | -2.14 |
Sortino ratioReturn per unit of downside risk | -0.93 | 2.17 | -3.10 |
Omega ratioGain probability vs. loss probability | 0.90 | 1.36 | -0.46 |
Calmar ratioReturn relative to maximum drawdown | -0.65 | 2.12 | -2.77 |
Martin ratioReturn relative to average drawdown | -0.98 | 11.94 | -12.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TFJL | PJUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 1.43 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 1.11 | -1.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.83 | -1.30 |
Correlation
The correlation between TFJL and PJUL is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TFJL vs. PJUL - Dividend Comparison
Neither TFJL nor PJUL has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
TFJL vs. PJUL - Drawdown Comparison
The maximum TFJL drawdown since its inception was -25.45%, which is greater than PJUL's maximum drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for TFJL and PJUL.
Loading graphics...
Drawdown Indicators
| TFJL | PJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.45% | -18.17% | -7.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -6.99% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.45% | -10.69% | -12.76% |
Current DrawdownCurrent decline from peak | -21.64% | -1.68% | -19.96% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -1.50% | -13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 1.24% | +4.29% |
Volatility
TFJL vs. PJUL - Volatility Comparison
Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) has a higher volatility of 3.47% compared to Innovator U.S. Equity Power Buffer ETF - July (PJUL) at 2.93%. This indicates that TFJL's price experiences larger fluctuations and is considered to be riskier than PJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TFJL | PJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.93% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 6.05% | 4.17% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 10.09% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.29% | 8.58% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.10% | 10.12% | -1.02% |