UJUL vs. TJUL
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 S&P 500. It was launched on Aug 7, 2018. TJUL is an actively managed fund by Innovator. It was launched on Jul 17, 2023.
Performance
UJUL vs. TJUL - Performance Comparison
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UJUL vs. TJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UJUL Innovator U.S. Equity Ultra Buffer ETF - July | -0.72% | 12.34% | 13.84% | 3.86% |
TJUL Innovator Equity Defined Protection ETF – 2 Yr to July 2025 | -0.49% | 6.55% | 8.18% | 3.05% |
Returns By Period
In the year-to-date period, UJUL achieves a -0.72% return, which is significantly lower than TJUL's -0.49% return.
UJUL
- 1D
- 0.46%
- 1M
- -1.63%
- YTD
- -0.72%
- 6M
- 0.88%
- 1Y
- 14.52%
- 3Y*
- 12.47%
- 5Y*
- 7.52%
- 10Y*
- —
TJUL
- 1D
- 0.28%
- 1M
- -0.93%
- YTD
- -0.49%
- 6M
- 0.26%
- 1Y
- 5.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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UJUL vs. TJUL - Expense Ratio Comparison
Both UJUL and TJUL have an expense ratio of 0.79%.
Return for Risk
UJUL vs. TJUL — Risk / Return Rank
UJUL
TJUL
UJUL vs. TJUL - Risk-Adjusted Trends 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.
| UJUL | TJUL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.92 | +0.52 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.39 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.24 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.14 | +0.97 |
Martin ratioReturn relative to average drawdown | 10.95 | 6.70 | +4.25 |
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
| UJUL | TJUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.92 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 1.47 | -0.74 |
Correlation
The correlation between UJUL and TJUL is 0.73, 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.
Dividends
UJUL vs. TJUL - Dividend Comparison
Neither UJUL nor TJUL has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UJUL Innovator U.S. Equity Ultra Buffer ETF - July | 0.00% | 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% | 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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Drawdown Indicators
| UJUL | TJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.11% | -4.61% | -9.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.99% | -4.34% | -2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -1.16% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -1.90% | -0.41% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 0.74% | +0.61% |
Volatility
UJUL vs. TJUL - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) has a higher volatility of 3.01% compared to Innovator Equity Defined Protection ETF – 2 Yr to July 2025 (TJUL) at 1.41%. 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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Volatility by Period
| UJUL | TJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 1.41% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 2.21% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.13% | 5.58% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 4.36% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 4.36% | +4.66% |