TJUL vs. BENJ

Last updated Jun 23, 2026

TJUL (Innovator Equity Defined Protection ETF – 2 Yr to July 2025) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - TJUL is a Options Trading fund actively managed by Innovator, while BENJ is a Ultrashort Bond fund actively managed by Horizon. Both are actively managed. Over the past year, TJUL returned 5.54% vs 3.79% for BENJ. At a correlation of -0.00, they often move in opposite directions. TJUL charges 0.79%/yr vs 0.40%/yr for BENJ.

Performance

TJUL vs. BENJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and Horizon Landmark ETF (BENJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TJUL achieves a 2.07% return, which is significantly higher than BENJ's 1.64% return.

TJUL

• 1D: -0.05%
• 1M: 0.10%
• YTD: 2.07%
• 6M: 2.08%
• 1Y: 5.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BENJ

• 1D: 0.03%
• 1M: 0.27%
• YTD: 1.64%
• 6M: 1.75%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TJUL vs. BENJ - Yearly Performance Comparison

	2026 (YTD)	2025
TJUL Innovator Equity Defined Protection ETF – 2 Yr to July 2025	2.07%	5.71%
BENJ Horizon Landmark ETF	1.64%	3.72%

Correlation

The correlation between TJUL and BENJ is -0.03, 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	-0.03
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	-0.00

Return for Risk

TJUL vs. BENJ — Risk / Return Rank

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

TJUL

TJUL Risk / Return Rank: 62
TJUL Sharpe Ratio Rank: 60
TJUL Sortino Ratio Rank: 63
TJUL Omega Ratio Rank: 63
TJUL Calmar Ratio Rank: 55
TJUL Martin Ratio Rank: 69

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 97
BENJ Martin Ratio Rank: 97

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.

TJUL vs. BENJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and Horizon Landmark ETF (BENJ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TJUL	BENJ	Difference
Sharpe ratio: Return per unit of total volatility	1.95	5.65	-3.70
Sortino ratio: Return per unit of downside risk	2.84	9.14	-6.31
Omega ratio: Gain probability vs. loss probability	1.37	4.85	-3.48
Calmar ratio: Return relative to maximum drawdown	2.67	9.74	-7.07
Martin ratio: Return relative to average drawdown	12.29	45.98	-33.68

TJUL vs. BENJ - Sharpe Ratio Comparison

The current TJUL Sharpe Ratio is 1.95, which is lower than the BENJ Sharpe Ratio of 5.65. The chart below compares the historical Sharpe Ratios of TJUL and BENJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TJUL vs. BENJ - Drawdown Comparison

The maximum TJUL drawdown since its inception was -4.61%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for TJUL and BENJ.

Drawdown Indicators

	TJUL	BENJ	Difference
Max Drawdown Largest peak-to-trough decline	-4.61%	-0.39%	-4.22%
Max Drawdown (1Y) Largest decline over 1 year	-2.08%	-0.39%	-1.69%
Current Drawdown Current decline from peak	-0.13%	0.00%	-0.13%
Average Drawdown Average peak-to-trough decline	-0.39%	-0.02%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	0.08%	+0.37%

Volatility

TJUL vs. BENJ - Volatility Comparison

Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) has a higher volatility of 0.77% compared to Horizon Landmark ETF (BENJ) at 0.11%. This indicates that TJUL's price experiences larger fluctuations and is considered to be riskier than BENJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TJUL	BENJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.11%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	2.23%	0.25%	+1.98%
Volatility (1Y) Calculated over the trailing 1-year period	2.85%	0.67%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.24%	0.60%	+3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.24%	0.60%	+3.64%

TJUL vs. BENJ - Expense Ratio Comparison

TJUL has a 0.79% expense ratio, which is higher than BENJ's 0.40% expense ratio.

Dividends

TJUL vs. BENJ - Dividend Comparison

Neither TJUL nor BENJ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TJUL and BENJ in my portfolio?

TJUL and BENJ have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TJUL or BENJ?

TJUL has higher volatility (0.77%) compared to BENJ (0.11%). In terms of maximum drawdown, TJUL dropped -4.61% vs BENJ's -0.39%.

Which ETF is better, TJUL or BENJ?

On 1-year performance, TJUL leads with 5.54% vs 3.79% for BENJ. On fees, BENJ is cheaper at 0.40% per year. On volatility, BENJ has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TJUL or BENJ?

Over the 1-year period, TJUL has performed better with a 5.54% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TJUL or BENJ?

BENJ is cheaper with a 0.40% expense ratio, compared with 0.79% for TJUL.

Which ETF pays a higher dividend yield, TJUL or BENJ?

TJUL and BENJ have nearly identical dividend yields, around 0.00%.

What is the main difference between TJUL and BENJ?

TJUL is categorized as Options Trading, while BENJ is Ultrashort Bond. They also come from different issuers: Innovator and Horizon. Their fees differ too: 0.79% for TJUL and 0.40% for BENJ.

Which has better risk-adjusted returns?

BENJ currently has the higher Sharpe Ratio (5.65 vs 1.95), 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.