UJUN vs. RDVY

Last updated Apr 16, 2026

UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) and RDVY (First Trust Rising Dividend Achievers 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 RDVY tracks the NASDAQ US Rising Dividend Achievers. Both are passively managed. Over the past 5 years, UJUN returned 6.15%/yr vs 10.88%/yr for RDVY. A 0.77 correlation means they provide meaningful diversification when combined. UJUN charges 0.79%/yr vs 0.50%/yr for RDVY.

Performance

UJUN vs. RDVY - 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 First Trust Rising Dividend Achievers ETF (RDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UJUN achieves a 2.23% return, which is significantly lower than RDVY's 6.04% return.

UJUN

• 1D: 0.12%
• 1M: 1.97%
• YTD: 2.23%
• 6M: 4.29%
• 1Y: 19.13%
• 3Y*: 11.41%
• 5Y*: 6.15%
• 10Y*: —

RDVY

• 1D: 0.04%
• 1M: 6.97%
• YTD: 6.04%
• 6M: 10.95%
• 1Y: 34.11%
• 3Y*: 19.18%
• 5Y*: 10.88%
• 10Y*: 15.34%

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

UJUN vs. RDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	2.23%	10.63%	12.49%	12.17%	-8.86%	5.09%	7.15%	6.80%
RDVY First Trust Rising Dividend Achievers ETF	6.04%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	26.79%

Correlation

The correlation between UJUN and RDVY is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019	0.77

The correlation between UJUN and RDVY has been stable across timeframes, ranging from 0.72 to 0.78 — a consistent structural relationship.

Return for Risk

UJUN vs. RDVY — Risk / Return Rank

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

UJUN

UJUN Risk / Return Rank: 90
UJUN Sharpe Ratio Rank: 81
UJUN Sortino Ratio Rank: 92
UJUN Omega Ratio Rank: 95
UJUN Calmar Ratio Rank: 86
UJUN Martin Ratio Rank: 95

RDVY

RDVY Risk / Return Rank: 65
RDVY Sharpe Ratio Rank: 62
RDVY Sortino Ratio Rank: 65
RDVY Omega Ratio Rank: 60
RDVY Calmar Ratio Rank: 63
RDVY Martin Ratio Rank: 72

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. RDVY - 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 First Trust Rising Dividend Achievers ETF (RDVY). 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.

	UJUN	RDVY	Difference
Sharpe ratio Return per unit of total volatility	2.78	2.29	+0.49
Sortino ratio Return per unit of downside risk	4.65	3.28	+1.36
Omega ratio Gain probability vs. loss probability	1.73	1.41	+0.32
Calmar ratio Return relative to maximum drawdown	5.33	3.88	+1.45
Martin ratio Return relative to average drawdown	31.01	16.27	+14.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UJUN vs. RDVY - Sharpe Ratio Comparison

The current UJUN Sharpe Ratio is 2.78, which is comparable to the RDVY Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of UJUN and RDVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UJUN	RDVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	2.29	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.58	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.65	+0.11

Drawdowns

UJUN vs. RDVY - Drawdown Comparison

The maximum UJUN drawdown since its inception was -13.73%, smaller than the maximum RDVY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for UJUN and RDVY.

Drawdown Indicators

	UJUN	RDVY	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	-40.60%	+26.87%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	-9.04%	+6.20%
Max Drawdown (5Y) Largest decline over 5 years	-11.96%	-25.32%	+13.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.60%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.11%	-5.05%	+2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	2.16%	-1.55%

Volatility

UJUN vs. RDVY - Volatility Comparison

The current volatility for Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) is 2.65%, while First Trust Rising Dividend Achievers ETF (RDVY) has a volatility of 5.89%. This indicates that UJUN experiences smaller price fluctuations and is considered to be less risky than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UJUN	RDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	5.89%	-3.24%
Volatility (6M) Calculated over the trailing 6-month period	3.50%	11.09%	-7.59%
Volatility (1Y) Calculated over the trailing 1-year period	6.95%	15.01%	-8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.32%	18.99%	-10.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.85%	21.13%	-12.28%

UJUN vs. RDVY - Expense Ratio Comparison

UJUN has a 0.79% expense ratio, which is higher than RDVY's 0.50% expense ratio.

Dividends

UJUN vs. RDVY - Dividend Comparison

UJUN has not paid dividends to shareholders, while RDVY's dividend yield for the trailing twelve months is around 0.95%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
RDVY First Trust Rising Dividend Achievers ETF	0.95%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%