UJUN vs. KAT

Last updated Jun 23, 2026

UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) and KAT (Scharf ETF) are both Large Cap Blend Equities funds. UJUN is passively managed, while KAT is actively managed. A 0.62 correlation means they provide meaningful diversification when combined. UJUN charges 0.79%/yr vs 0.75%/yr for KAT.

Performance

UJUN vs. KAT - 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 Scharf ETF (KAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UJUN achieves a 2.66% return, which is significantly higher than KAT's -2.36% return.

UJUN

• 1D: -0.16%
• 1M: -0.54%
• YTD: 2.66%
• 6M: 2.81%
• 1Y: 9.74%
• 3Y*: 10.71%
• 5Y*: 6.12%
• 10Y*: —

KAT

• 1D: -0.78%
• 1M: -2.67%
• YTD: -2.36%
• 6M: -2.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UJUN vs. KAT - Yearly Performance Comparison

	2026 (YTD)	2025
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	2.66%	3.06%
KAT Scharf ETF	-2.36%	0.85%

Correlation

The correlation between UJUN and KAT is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	0.62

UJUN vs. KAT - Sectors Allocation Comparison

Sectors	UJUN	KAT
Technology	38.4%	14.3%
Financial Services	11.0%	25.1%
Communication Services	10.8%	6.6%
Consumer Cyclical	10.0%	5.0%
Healthcare	8.4%	22.3%
Industrials	7.9%	14.6%
Consumer Defensive	4.6%	2.3%
Energy	3.2%	6.6%
Utilities	2.1%	-
Real Estate	1.8%	-
Basic Materials	1.7%	3.3%

Return for Risk

UJUN vs. KAT — Risk / Return Rank

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

UJUN

UJUN Risk / Return Rank: 77
UJUN Sharpe Ratio Rank: 69
UJUN Sortino Ratio Rank: 75
UJUN Omega Ratio Rank: 85
UJUN Calmar Ratio Rank: 71
UJUN Martin Ratio Rank: 88

KAT

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. KAT - 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 Scharf ETF (KAT). 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	KAT	Difference
Sharpe ratio: Return per unit of total volatility	2.15	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.45	—	—
Martin ratio: Return relative to average drawdown	18.38	—	—

Drawdowns

UJUN vs. KAT - Drawdown Comparison

The maximum UJUN drawdown since its inception was -13.73%, which is greater than KAT's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for UJUN and KAT.

Drawdown Indicators

	UJUN	KAT	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	-9.25%	-4.48%
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	-0.93%	-7.56%	+6.63%
Average Drawdown Average peak-to-trough decline	-2.06%	-3.33%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	—	—

Volatility

Volatility by Period

	UJUN	KAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.55%	10.62%	-6.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.37%	10.62%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.77%	10.62%	-1.85%

UJUN vs. KAT - Expense Ratio Comparison

UJUN has a 0.79% expense ratio, which is higher than KAT's 0.75% expense ratio.

Dividends

UJUN vs. KAT - Dividend Comparison

Neither UJUN nor KAT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
KAT Scharf ETF	0.00%	0.00%	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 KAT in my portfolio?

UJUN and KAT have a correlation of 0.62, 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 KAT?

On fees, KAT is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UJUN or KAT?

KAT is cheaper with a 0.75% expense ratio, compared with 0.79% for UJUN.

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

UJUN and KAT have nearly identical dividend yields, around 0.00%.

What is the main difference between UJUN and KAT?

They also come from different issuers: Innovator and Scharf Investments. Their fees differ too: 0.79% for UJUN and 0.75% for KAT.