TJUL vs. TLTW
Compare and contrast key facts about Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
TJUL and TLTW 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. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.
Performance
TJUL vs. TLTW - Performance Comparison
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TJUL vs. TLTW - 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% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 1.39% | 11.36% | -2.18% | -8.80% |
Returns By Period
In the year-to-date period, TJUL achieves a -0.49% return, which is significantly lower than TLTW's 1.39% return.
TJUL
- 1D
- 0.28%
- 1M
- -0.93%
- YTD
- -0.49%
- 6M
- 0.26%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLTW
- 1D
- -0.04%
- 1M
- -2.53%
- YTD
- 1.39%
- 6M
- 1.87%
- 1Y
- 6.62%
- 3Y*
- 0.68%
- 5Y*
- —
- 10Y*
- —
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TJUL vs. TLTW - Expense Ratio Comparison
TJUL has a 0.79% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Return for Risk
TJUL vs. TLTW — Risk / Return Rank
TJUL
TLTW
TJUL vs. TLTW - 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 iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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 | TLTW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.75 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.05 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.28 | -0.14 |
Martin ratioReturn relative to average drawdown | 6.70 | 3.35 | +3.34 |
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 | TLTW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.75 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | -0.03 | +1.50 |
Correlation
The correlation between TJUL and TLTW is 0.22, 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.
Dividends
TJUL vs. TLTW - Dividend Comparison
TJUL has not paid dividends to shareholders, while TLTW's dividend yield for the trailing twelve months is around 13.67%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TJUL Innovator Equity Defined Protection ETF – 2 Yr to July 2025 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 13.67% | 14.82% | 14.47% | 19.59% | 8.71% |
Drawdowns
TJUL vs. TLTW - Drawdown Comparison
The maximum TJUL drawdown since its inception was -4.61%, smaller than the maximum TLTW drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for TJUL and TLTW.
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Drawdown Indicators
| TJUL | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.61% | -18.61% | +14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -5.80% | +1.46% |
Current DrawdownCurrent decline from peak | -1.16% | -3.02% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -8.49% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.21% | -1.47% |
Volatility
TJUL vs. TLTW - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) is 1.41%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 3.46%. This indicates that TJUL experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TJUL | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 3.46% | -2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | 5.80% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.58% | 8.88% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 11.55% | -7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 11.55% | -7.19% |