TJUL vs. BITO
Compare and contrast key facts about Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and ProShares Bitcoin Strategy ETF (BITO).
TJUL and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TJUL is an actively managed fund by Innovator. It was launched on Jul 17, 2023. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TJUL or BITO.
Performance
TJUL vs. BITO - Performance Comparison
Returns By Period
In the year-to-date period, TJUL achieves a 7.67% return, which is significantly lower than BITO's 107.22% return.
TJUL
7.67%
0.36%
4.26%
10.49%
N/A
N/A
BITO
107.22%
34.54%
30.19%
127.18%
N/A
N/A
Key characteristics
| TJUL | BITO | |
|---|---|---|
| Sharpe Ratio | 3.24 | 2.33 |
| Sortino Ratio | 4.67 | 2.88 |
| Omega Ratio | 1.68 | 1.34 |
| Calmar Ratio | 6.72 | 2.72 |
| Martin Ratio | 29.42 | 9.94 |
| Ulcer Index | 0.36% | 13.50% |
| Daily Std Dev | 3.30% | 57.57% |
| Max Drawdown | -3.09% | -77.86% |
| Current Drawdown | -0.11% | 0.00% |
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TJUL vs. BITO - Expense Ratio Comparison
TJUL has a 0.79% expense ratio, which is lower than BITO's 0.95% expense ratio.
Correlation
The correlation between TJUL and BITO is 0.23, 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.
Risk-Adjusted Performance
TJUL vs. BITO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and ProShares Bitcoin Strategy ETF (BITO). 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
TJUL vs. BITO - Dividend Comparison
TJUL has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 48.87%.
| TTM | 2023 | |
|---|---|---|
TJUL Innovator Equity Defined Protection ETF – 2 Yr to July 2025 | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 48.87% | 15.14% |
Drawdowns
TJUL vs. BITO - Drawdown Comparison
The maximum TJUL drawdown since its inception was -3.09%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for TJUL and BITO. For additional features, visit the drawdowns tool.
Volatility
TJUL vs. BITO - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) is 0.78%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 18.34%. This indicates that TJUL experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.