UJUN vs. GXLC

Last updated Jun 24, 2026

UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) and GXLC (Global X U.S. 500 ETF) are both Large Cap Blend Equities funds - UJUN tracks the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index while GXLC tracks the Solactive GBS United States 500 Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. UJUN charges 0.79%/yr vs 0.02%/yr for GXLC.

Performance

UJUN vs. GXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) and Global X U.S. 500 ETF (GXLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UJUN achieves a 1.98% return, which is significantly lower than GXLC's 8.31% return.

UJUN

• 1D: -0.66%
• 1M: -1.20%
• YTD: 1.98%
• 6M: 2.05%
• 1Y: 8.54%
• 3Y*: 10.46%
• 5Y*: 5.95%
• 10Y*: —

GXLC

• 1D: -1.32%
• 1M: -1.12%
• YTD: 8.31%
• 6M: 7.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UJUN vs. GXLC - Yearly Performance Comparison

	2026 (YTD)	2025
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	1.98%	2.20%
GXLC Global X U.S. 500 ETF	8.31%	3.22%

Correlation

The correlation between UJUN and GXLC is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025	0.88

Return for Risk

UJUN vs. GXLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UJUN

UJUN Risk / Return Rank: 70
UJUN Sharpe Ratio Rank: 61
UJUN Sortino Ratio Rank: 65
UJUN Omega Ratio Rank: 78
UJUN Calmar Ratio Rank: 65
UJUN Martin Ratio Rank: 83

GXLC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UJUN vs. GXLC - 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 Global X U.S. 500 ETF (GXLC). 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	GXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.75	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	3.02	—	—
Martin ratio: Return relative to average drawdown	15.83	—	—

Drawdowns

UJUN vs. GXLC - Drawdown Comparison

The maximum UJUN drawdown since its inception was -13.73%, which is greater than GXLC's maximum drawdown of -9.08%. Use the drawdown chart below to compare losses from any high point for UJUN and GXLC.

Drawdown Indicators

	UJUN	GXLC	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	-9.08%	-4.65%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.96%	—	—
Current Drawdown Current decline from peak	-1.59%	-3.05%	+1.46%
Average Drawdown Average peak-to-trough decline	-2.06%	-1.54%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	—	—

Volatility

Volatility by Period

	UJUN	GXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.60%	13.85%	-9.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.38%	13.85%	-5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.78%	13.85%	-5.07%

UJUN vs. GXLC - Expense Ratio Comparison

UJUN has a 0.79% expense ratio, which is higher than GXLC's 0.02% expense ratio.

Dividends

UJUN vs. GXLC - Dividend Comparison

UJUN has not paid dividends to shareholders, while GXLC's dividend yield for the trailing twelve months is around 0.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GXLC Global X U.S. 500 ETF	0.65%	0.30%	0.00%	0.00%	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

Can I hold both UJUN and GXLC in my portfolio?

UJUN and GXLC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UJUN or GXLC?

On fees, GXLC is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UJUN or GXLC?

GXLC is cheaper with a 0.02% expense ratio, compared with 0.79% for UJUN.

Which ETF pays a higher dividend yield, UJUN or GXLC?

GXLC has the higher dividend yield at 0.65%, compared with 0.00% for UJUN.

What is the main difference between UJUN and GXLC?

UJUN tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index, while GXLC tracks Solactive GBS United States 500 Index. They also come from different issuers: Innovator and Global X. Their fees differ too: 0.79% for UJUN and 0.02% for GXLC.