TJUL vs. BUFF
Compare and contrast key facts about Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF).
TJUL and BUFF 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. BUFF is a passively managed fund by Innovator that tracks the performance of the Refinitiv Laddered Power Buffer Strategy Index. It was launched on Oct 20, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TJUL or BUFF.
Key characteristics
| TJUL | BUFF | |
|---|---|---|
| YTD Return | 7.07% | 10.03% |
| 1Y Return | 12.64% | 17.91% |
| Sharpe Ratio | 3.33 | 2.88 |
| Daily Std Dev | 3.67% | 5.93% |
| Max Drawdown | -3.09% | -46.23% |
| Current Drawdown | 0.00% | -0.07% |
Correlation
The correlation between TJUL and BUFF is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TJUL vs. BUFF - Performance Comparison
In the year-to-date period, TJUL achieves a 7.07% return, which is significantly lower than BUFF's 10.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TJUL vs. BUFF - Expense Ratio Comparison
TJUL has a 0.79% expense ratio, which is lower than BUFF's 0.99% expense ratio.
Risk-Adjusted Performance
TJUL vs. BUFF - 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 Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF). 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. BUFF - Dividend Comparison
Neither TJUL nor BUFF has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
TJUL Innovator Equity Defined Protection ETF – 2 Yr to July 2025 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BUFF Innovator Laddered Fund of U.S. Equity Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.67% | 1.74% | 1.55% | 0.18% |
Drawdowns
TJUL vs. BUFF - Drawdown Comparison
The maximum TJUL drawdown since its inception was -3.09%, smaller than the maximum BUFF drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for TJUL and BUFF. For additional features, visit the drawdowns tool.
Volatility
TJUL vs. BUFF - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) is 0.78%, while Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) has a volatility of 1.42%. This indicates that TJUL experiences smaller price fluctuations and is considered to be less risky than BUFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.