UJUL vs. EALT
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) and Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT).
UJUL and EALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect September Series Index. It was launched on Aug 8, 2018. EALT is an actively managed fund by Innovator. It was launched on Sep 29, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UJUL or EALT.
Key characteristics
| UJUL | EALT | |
|---|---|---|
| YTD Return | 11.86% | 15.53% |
| Daily Std Dev | 6.34% | 8.88% |
| Max Drawdown | -14.11% | -5.81% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between UJUL and EALT is 0.88, 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
UJUL vs. EALT - Performance Comparison
In the year-to-date period, UJUL achieves a 11.86% return, which is significantly lower than EALT's 15.53% 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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UJUL vs. EALT - Expense Ratio Comparison
UJUL has a 0.79% expense ratio, which is higher than EALT's 0.69% expense ratio.
Risk-Adjusted Performance
UJUL vs. EALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) and Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT). 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.
Not enough dataDividends
UJUL vs. EALT - Dividend Comparison
Neither UJUL nor EALT has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
UJUL Innovator U.S. Equity Ultra Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.43% |
EALT Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UJUL vs. EALT - Drawdown Comparison
The maximum UJUL drawdown since its inception was -14.11%, which is greater than EALT's maximum drawdown of -5.81%. Use the drawdown chart below to compare losses from any high point for UJUL and EALT. For additional features, visit the drawdowns tool.
Volatility
UJUL vs. EALT - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) is 2.17%, while Innovator U.S. Equity 5 To 15 Buffer ETF - Quarterly (EALT) has a volatility of 3.49%. This indicates that UJUL experiences smaller price fluctuations and is considered to be less risky than EALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.