TJUL vs. QQQ
Compare and contrast key facts about Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and Invesco QQQ ETF (QQQ).
TJUL and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
TJUL vs. QQQ - Performance Comparison
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TJUL vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TJUL Innovator Equity Defined Protection ETF – 2 Yr to July 2025 | -0.49% | 6.55% | 8.18% | 3.05% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 6.59% |
Returns By Period
In the year-to-date period, TJUL achieves a -0.49% return, which is significantly higher than QQQ's -4.76% return.
TJUL
- 1D
- 0.28%
- 1M
- -0.93%
- YTD
- -0.49%
- 6M
- 0.26%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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TJUL vs. QQQ - Expense Ratio Comparison
TJUL has a 0.79% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
TJUL vs. QQQ — Risk / Return Rank
TJUL
QQQ
TJUL vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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.
| TJUL | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.07 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.66 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.00 | -0.86 |
Martin ratioReturn relative to average drawdown | 6.70 | 7.32 | -0.63 |
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
| TJUL | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.07 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 0.38 | +1.10 |
Correlation
The correlation between TJUL and QQQ is 0.72, 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.
Dividends
TJUL vs. QQQ - Dividend Comparison
TJUL has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
TJUL vs. QQQ - Drawdown Comparison
The maximum TJUL drawdown since its inception was -4.61%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TJUL and QQQ.
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Drawdown Indicators
| TJUL | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.61% | -82.97% | +78.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -12.62% | +8.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -1.16% | -7.86% | +6.70% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -32.99% | +32.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 3.44% | -2.70% |
Volatility
TJUL vs. QQQ - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) is 1.41%, while Invesco QQQ ETF (QQQ) has a volatility of 6.61%. This indicates that TJUL experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TJUL | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 6.61% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 12.82% | -10.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.58% | 22.70% | -17.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 22.38% | -18.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 22.25% | -17.89% |