UJUN vs. BEEZ
UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) and BEEZ (Honeytree U.S. Equity ETF) are both exchange-traded funds - UJUN is a Defined Outcome fund tracking the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while BEEZ is a Large Cap Blend Equities fund actively managed by Honeytree. UJUN is passively managed, while BEEZ is actively managed. Over the past year, UJUN returned 7.71% vs 6.75% for BEEZ. Their 0.69 correlation means they have sometimes moved together and sometimes differently. UJUN charges 0.79%/yr vs 0.64%/yr for BEEZ.
Performance
UJUN vs. BEEZ - Performance Comparison
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Returns By Period
In the year-to-date period, UJUN achieves a 3.01% return, which is significantly lower than BEEZ's 4.88% return.
UJUN
- 1D
- 0.16%
- 1M
- 0.05%
- 6M
- 2.43%
- YTD
- 3.01%
- 1Y
- 7.71%
- 3Y*
- 10.09%
- 5Y*
- 6.00%
- 10Y*
- —
- ALL TIME*
- 6.48%
BEEZ
- 1D
- 0.10%
- 1M
- 1.37%
- 6M
- 2.94%
- YTD
- 4.88%
- 1Y
- 6.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.43K | $11.58K | $6.77K | |
| $1.30M | $1.62M | $2.66M |
UJUN vs. BEEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UJUN Innovator U.S. Equity Ultra Buffer ETF - June | 3.01% | 10.63% | 12.49% | 4.73% |
BEEZ Honeytree U.S. Equity ETF | 4.88% | 5.65% | 10.41% | 14.04% |
Correlation
The correlation between UJUN and BEEZ is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023 | 0.69 |
The correlation between UJUN and BEEZ has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
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Return for Risk
UJUN vs. BEEZ — Risk / Return Rank
UJUN
BEEZ
UJUN vs. BEEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) and Honeytree U.S. Equity ETF (BEEZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UJUN | BEEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.08 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.67 | +1.90 |
| Martin ratioReturn relative to average drawdown | 11.97 | 1.91 | +10.06 |
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Drawdowns
UJUN vs. BEEZ - Drawdown Comparison
The maximum UJUN drawdown since its inception was -13.73%, smaller than the maximum BEEZ drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for UJUN and BEEZ.
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Drawdown Indicators
| UJUN | BEEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.73% | -18.62% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -8.41% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -11.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.96% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.30% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -2.79% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 2.94% | -2.33% |
Volatility
UJUN vs. BEEZ - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) is 1.78%, while Honeytree U.S. Equity ETF (BEEZ) has a volatility of 4.52%. This indicates that UJUN experiences smaller price fluctuations and is considered to be less risky than BEEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJUN | BEEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 4.52% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 10.41% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 13.61% | -8.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.40% | 15.06% | -6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.74% | 15.06% | -6.32% |
UJUN vs. BEEZ - Expense Ratio Comparison
UJUN has a 0.79% expense ratio, which is higher than BEEZ's 0.64% expense ratio.
Dividends
UJUN vs. BEEZ - Dividend Comparison
UJUN has not paid dividends to shareholders, while BEEZ's dividend yield for the trailing twelve months is around 0.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEEZ Honeytree U.S. Equity ETF | 0.53% | 0.56% | 0.61% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
UJUN Innovator U.S. Equity Ultra Buffer ETF - June | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.89% |
Frequently Asked Questions
UJUN and BEEZ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEEZ has higher volatility (4.52%) compared to UJUN (1.78%). In terms of maximum drawdown, UJUN dropped -13.73% vs BEEZ's -18.62%.
On 1-year performance, UJUN leads with 7.71% vs 6.75% for BEEZ. On fees, BEEZ is cheaper at 0.64% per year. On volatility, UJUN has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UJUN has performed better with a 7.71% return vs 6.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BEEZ is cheaper with a 0.64% expense ratio, compared with 0.79% for UJUN.
BEEZ has the higher dividend yield at 0.53%, compared with 0.00% for UJUN.
UJUN is categorized as Defined Outcome, while BEEZ is Large Cap Blend Equities. They also come from different issuers: Innovator and Honeytree. Their fees differ too: 0.79% for UJUN and 0.64% for BEEZ.
UJUN currently has the higher Sharpe Ratio (1.50 vs 0.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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