TWOX vs. LJUL
TWOX (iShares Large Cap Accelerated Outcome ETF) and LJUL (Innovator Premium Income 15 Buffer ETF - July) are both Defined Outcome funds. Both are actively managed. Over the past year, TWOX returned 16.12% vs 5.49% for LJUL. A 0.75 correlation means they provide meaningful diversification when combined. TWOX charges 0.50%/yr vs 0.79%/yr for LJUL.
Performance
TWOX vs. LJUL - Performance Comparison
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Returns By Period
In the year-to-date period, TWOX achieves a 2.15% return, which is significantly higher than LJUL's 1.80% return.
TWOX
- 1D
- 0.00%
- 1M
- 1.50%
- YTD
- 2.15%
- 6M
- 3.54%
- 1Y
- 16.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LJUL
- 1D
- -0.04%
- 1M
- 0.31%
- YTD
- 1.80%
- 6M
- 2.30%
- 1Y
- 5.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TWOX vs. LJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TWOX iShares Large Cap Accelerated Outcome ETF | 2.15% | 13.32% |
LJUL Innovator Premium Income 15 Buffer ETF - July | 1.80% | 5.65% |
Correlation
The correlation between TWOX and LJUL is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.75 |
The correlation between TWOX and LJUL has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.
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Return for Risk
TWOX vs. LJUL — Risk / Return Rank
TWOX
LJUL
TWOX vs. LJUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Accelerated Outcome ETF (TWOX) and Innovator Premium Income 15 Buffer ETF - July (LJUL). 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.
| TWOX | LJUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.86 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 10.51 | -8.81 |
| Martin ratioReturn relative to average drawdown | 8.04 | 53.01 | -44.98 |
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
| TWOX | LJUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 3.48 | -1.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.78 | -1.11 |
Drawdowns
TWOX vs. LJUL - Drawdown Comparison
The maximum TWOX drawdown since its inception was -19.35%, which is greater than LJUL's maximum drawdown of -3.21%. Use the drawdown chart below to compare losses from any high point for TWOX and LJUL.
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Drawdown Indicators
| TWOX | LJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.35% | -3.21% | -16.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -0.52% | -8.99% |
Current DrawdownCurrent decline from peak | -0.02% | -0.04% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -0.12% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 0.10% | +1.91% |
Volatility
TWOX vs. LJUL - Volatility Comparison
iShares Large Cap Accelerated Outcome ETF (TWOX) has a higher volatility of 0.49% compared to Innovator Premium Income 15 Buffer ETF - July (LJUL) at 0.22%. This indicates that TWOX's price experiences larger fluctuations and is considered to be riskier than LJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWOX | LJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.22% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 1.06% | +7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 1.58% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 3.25% | +13.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 3.25% | +13.53% |
TWOX vs. LJUL - Expense Ratio Comparison
TWOX has a 0.50% expense ratio, which is lower than LJUL's 0.79% expense ratio.
Dividends
TWOX vs. LJUL - Dividend Comparison
TWOX's dividend yield for the trailing twelve months is around 0.55%, less than LJUL's 5.23% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
LJUL Innovator Premium Income 15 Buffer ETF - July | 5.23% | 5.36% | 2.78% |
TWOX iShares Large Cap Accelerated Outcome ETF | 0.55% | 0.57% | 0.00% |
Frequently Asked Questions
TWOX and LJUL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWOX has higher volatility (0.49%) compared to LJUL (0.22%). In terms of maximum drawdown, TWOX dropped -19.35% vs LJUL's -3.21%.
On 1-year performance, TWOX leads with 16.12% vs 5.49% for LJUL. On fees, TWOX is cheaper at 0.50% per year. On volatility, LJUL has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TWOX has performed better with a 16.12% return vs 5.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TWOX is cheaper with a 0.50% expense ratio, compared with 0.79% for LJUL.
LJUL has the higher dividend yield at 5.23%, compared with 0.55% for TWOX.
They also come from different issuers: iShares and Innovator. Their fees differ too: 0.50% for TWOX and 0.79% for LJUL.
LJUL currently has the higher Sharpe Ratio (3.48 vs 1.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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