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

UJUL vs. ZALT

Last updated May 11, 2025

Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) and Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT).

UJUL and ZALT 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. ZALT 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 ZALT.

Correlation

The correlation between UJUL and ZALT 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.

Performance

UJUL vs. ZALT - 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 U.S. Equity 10 Buffer ETF - Quarterly (ZALT). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

UJUL:

0.45

ZALT:

1.06

Sortino Ratio

UJUL:

0.72

ZALT:

1.58

Omega Ratio

UJUL:

1.11

ZALT:

1.29

Calmar Ratio

UJUL:

0.44

ZALT:

1.18

Martin Ratio

UJUL:

1.67

ZALT:

6.13

Ulcer Index

UJUL:

2.99%

ZALT:

1.57%

Daily Std Dev

UJUL:

10.67%

ZALT:

9.00%

Max Drawdown

UJUL:

-14.11%

ZALT:

-8.19%

Current Drawdown

UJUL:

-5.16%

ZALT:

-1.32%

Returns By Period

In the year-to-date period, UJUL achieves a -2.45% return, which is significantly lower than ZALT's 0.84% return.

UJUL

YTD

-2.45%

1M

3.86%

6M

-2.90%

1Y

4.65%

5Y*

6.74%

10Y*

N/A

ZALT

YTD

0.84%

1M

4.42%

6M

0.64%

1Y

9.26%

5Y*

N/A

10Y*

N/A

*Annualized

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UJUL vs. ZALT - Expense Ratio Comparison

UJUL has a 0.79% expense ratio, which is higher than ZALT's 0.69% expense ratio.

UJUL
Innovator U.S. Equity Ultra Buffer ETF - July
ZALT
Innovator U.S. Equity 10 Buffer ETF - Quarterly

Risk-Adjusted Performance

UJUL vs. ZALT — 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 5555
Overall Rank
The Sharpe Ratio Rank of UJUL is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of UJUL is 5151
Sortino Ratio Rank
The Omega Ratio Rank of UJUL is 5656
Omega Ratio Rank
The Calmar Ratio Rank of UJUL is 5757
Calmar Ratio Rank
The Martin Ratio Rank of UJUL is 5656
Martin Ratio Rank
ZALT
The Risk-Adjusted Performance Rank of ZALT is 8686
Overall Rank
The Sharpe Ratio Rank of ZALT is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of ZALT is 8484
Sortino Ratio Rank
The Omega Ratio Rank of ZALT is 9090
Omega Ratio Rank
The Calmar Ratio Rank of ZALT is 8686
Calmar Ratio Rank
The Martin Ratio Rank of ZALT is 8888
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. ZALT - 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 10 Buffer ETF - Quarterly (ZALT). 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 0.45, which is lower than the ZALT Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of UJUL and ZALT, 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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Dividends

UJUL vs. ZALT - Dividend Comparison

Neither UJUL nor ZALT 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%
ZALT
Innovator U.S. Equity 10 Buffer ETF - Quarterly		0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

UJUL vs. ZALT - Drawdown Comparison

The maximum UJUL drawdown since its inception was -14.11%, which is greater than ZALT's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for UJUL and ZALT. For additional features, visit the drawdowns tool.

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Volatility

UJUL vs. ZALT - Volatility Comparison

Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) has a higher volatility of 3.99% compared to Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) at 3.66%. This indicates that UJUL's price experiences larger fluctuations and is considered to be riskier than ZALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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