TJUL vs. SPHD
Compare and contrast key facts about Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
TJUL and SPHD 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TJUL or SPHD.
Key characteristics
| TJUL | SPHD | |
|---|---|---|
| YTD Return | 7.07% | 21.23% |
| 1Y Return | 12.64% | 32.81% |
| Sharpe Ratio | 3.33 | 2.48 |
| Daily Std Dev | 3.67% | 12.44% |
| Max Drawdown | -3.09% | -41.39% |
| Current Drawdown | 0.00% | -0.65% |
Correlation
The correlation between TJUL and SPHD is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TJUL vs. SPHD - Performance Comparison
In the year-to-date period, TJUL achieves a 7.07% return, which is significantly lower than SPHD's 21.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TJUL vs. SPHD - Expense Ratio Comparison
TJUL has a 0.79% expense ratio, which is higher than SPHD's 0.30% expense ratio.
Risk-Adjusted Performance
TJUL vs. SPHD - 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 Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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. SPHD - Dividend Comparison
TJUL has not paid dividends to shareholders, while SPHD's dividend yield for the trailing twelve months is around 3.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.50% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
TJUL vs. SPHD - Drawdown Comparison
The maximum TJUL drawdown since its inception was -3.09%, smaller than the maximum SPHD drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for TJUL and SPHD. For additional features, visit the drawdowns tool.
Volatility
TJUL vs. SPHD - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) is 0.78%, while Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a volatility of 2.16%. This indicates that TJUL experiences smaller price fluctuations and is considered to be less risky than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.