UJUL vs. UAUG
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) and Innovator U.S. Equity Ultra Buffer ETF - August (UAUG).
UJUL and UAUG 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. UAUG is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect August Series Index. It was launched on Aug 1, 2019. Both UJUL and UAUG 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 UAUG.
Key characteristics
| UJUL | UAUG | |
|---|---|---|
| YTD Return | 11.86% | 13.67% |
| 1Y Return | 20.26% | 22.18% |
| 3Y Return (Ann) | 7.59% | 6.76% |
| 5Y Return (Ann) | 6.34% | 7.00% |
| Sharpe Ratio | 3.18 | 3.54 |
| Daily Std Dev | 6.34% | 6.24% |
| Max Drawdown | -14.11% | -13.91% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between UJUL and UAUG is 0.87, 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. UAUG - Performance Comparison
In the year-to-date period, UJUL achieves a 11.86% return, which is significantly lower than UAUG's 13.67% 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. UAUG - Expense Ratio Comparison
Both UJUL and UAUG have an expense ratio of 0.79%.
Risk-Adjusted Performance
UJUL vs. UAUG - 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 Ultra Buffer ETF - August (UAUG). 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. UAUG - Dividend Comparison
Neither UJUL nor UAUG 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% |
UAUG Innovator U.S. Equity Ultra Buffer ETF - August | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.83% |
Drawdowns
UJUL vs. UAUG - Drawdown Comparison
The maximum UJUL drawdown since its inception was -14.11%, roughly equal to the maximum UAUG drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for UJUL and UAUG. For additional features, visit the drawdowns tool.
Volatility
UJUL vs. UAUG - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) has a higher volatility of 2.17% compared to Innovator U.S. Equity Ultra Buffer ETF - August (UAUG) at 1.93%. This indicates that UJUL's price experiences larger fluctuations and is considered to be riskier than UAUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.