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UJUL vs. TJUL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UJUL and TJUL is 0.82, 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.

UJUL vs. TJUL

Last updated Jun 3, 2025

Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) and Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL).

UJUL and TJUL 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. TJUL is an actively managed fund by Innovator. It was launched on Jul 17, 2023.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UJUL or TJUL.

Performance

UJUL vs. TJUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) and Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

UJUL:

0.76

TJUL:

1.37

Sortino Ratio

UJUL:

1.16

TJUL:

2.08

Omega Ratio

UJUL:

1.17

TJUL:

1.39

Calmar Ratio

UJUL:

0.76

TJUL:

1.70

Martin Ratio

UJUL:

2.88

TJUL:

10.44

Ulcer Index

UJUL:

3.02%

TJUL:

0.75%

Daily Std Dev

UJUL:

11.32%

TJUL:

5.65%

Max Drawdown

UJUL:

-14.11%

TJUL:

-4.61%

Current Drawdown

UJUL:

-1.03%

TJUL:

0.00%

Returns By Period

In the year-to-date period, UJUL achieves a 1.80% return, which is significantly lower than TJUL's 2.74% return.

UJUL

YTD

1.80%

1M

3.71%

6M

0.64%

1Y

8.55%

3Y*

10.45%

5Y*

6.84%

10Y*

N/A

TJUL

YTD

2.74%

1M

1.29%

6M

2.77%

1Y

7.66%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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Innovator U.S. Equity Ultra Buffer ETF - July

Innovator Equity Defined Protection ETF – 2 Yr to July 2025

UJUL vs. TJUL - Expense Ratio Comparison

Both UJUL and TJUL have an expense ratio of 0.79%.

UJUL
Innovator U.S. Equity Ultra Buffer ETF - July
TJUL
Innovator Equity Defined Protection ETF – 2 Yr to July 2025
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

UJUL vs. TJUL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UJUL
The Risk-Adjusted Performance Rank of UJUL is 6666
Overall Rank
The Sharpe Ratio Rank of UJUL is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of UJUL is 6565
Sortino Ratio Rank
The Omega Ratio Rank of UJUL is 6969
Omega Ratio Rank
The Calmar Ratio Rank of UJUL is 6969
Calmar Ratio Rank
The Martin Ratio Rank of UJUL is 6666
Martin Ratio Rank
TJUL
The Risk-Adjusted Performance Rank of TJUL is 9090
Overall Rank
The Sharpe Ratio Rank of TJUL is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of TJUL is 8888
Sortino Ratio Rank
The Omega Ratio Rank of TJUL is 9393
Omega Ratio Rank
The Calmar Ratio Rank of TJUL is 8989
Calmar Ratio Rank
The Martin Ratio Rank of TJUL is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UJUL vs. TJUL - 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 Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL). 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.

The current UJUL Sharpe Ratio is 0.76, which is lower than the TJUL Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of UJUL and TJUL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

UJUL vs. TJUL - Dividend Comparison

Neither UJUL nor TJUL has paid dividends to shareholders.

TTM202420232022202120202019
UJUL
Innovator U.S. Equity Ultra Buffer ETF - July		0.00%0.00%0.00%0.00%0.00%0.00%6.43%
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%

Drawdowns

UJUL vs. TJUL - Drawdown Comparison

The maximum UJUL drawdown since its inception was -14.11%, which is greater than TJUL's maximum drawdown of -4.61%. Use the drawdown chart below to compare losses from any high point for UJUL and TJUL.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

UJUL vs. TJUL - Volatility Comparison

Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) has a higher volatility of 4.04% compared to Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) at 0.97%. This indicates that UJUL's price experiences larger fluctuations and is considered to be riskier than TJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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