UJUL vs. NJUL
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) and Innovator Growth-100 Power Buffer ETF - July (NJUL).
UJUL and NJUL 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. NJUL is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Jul 1, 2020. Both UJUL and NJUL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UJUL or NJUL.
Performance
UJUL vs. NJUL - Performance Comparison
Returns By Period
In the year-to-date period, UJUL achieves a 14.29% return, which is significantly higher than NJUL's 12.77% return.
UJUL
14.29%
1.71%
7.12%
17.93%
6.79%
N/A
NJUL
12.77%
1.99%
5.45%
16.05%
N/A
N/A
Key characteristics
| UJUL | NJUL | |
|---|---|---|
| Sharpe Ratio | 3.04 | 1.95 |
| Sortino Ratio | 4.35 | 2.64 |
| Omega Ratio | 1.65 | 1.41 |
| Calmar Ratio | 4.38 | 2.41 |
| Martin Ratio | 22.65 | 10.75 |
| Ulcer Index | 0.79% | 1.49% |
| Daily Std Dev | 5.91% | 8.25% |
| Max Drawdown | -14.11% | -14.37% |
| Current Drawdown | -0.08% | -0.57% |
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UJUL vs. NJUL - Expense Ratio Comparison
Both UJUL and NJUL have an expense ratio of 0.79%.
Correlation
The correlation between UJUL and NJUL is 0.83, 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.
Risk-Adjusted Performance
UJUL vs. NJUL - 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 Growth-100 Power Buffer ETF - July (NJUL). 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
UJUL vs. NJUL - Dividend Comparison
Neither UJUL nor NJUL 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% |
NJUL Innovator Growth-100 Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UJUL vs. NJUL - Drawdown Comparison
The maximum UJUL drawdown since its inception was -14.11%, roughly equal to the maximum NJUL drawdown of -14.37%. Use the drawdown chart below to compare losses from any high point for UJUL and NJUL. For additional features, visit the drawdowns tool.
Volatility
UJUL vs. NJUL - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) is 1.96%, while Innovator Growth-100 Power Buffer ETF - July (NJUL) has a volatility of 2.69%. This indicates that UJUL experiences smaller price fluctuations and is considered to be less risky than NJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.