USCL vs. UJUN

Last updated Jun 4, 2026

USCL (Ishares Climate Conscious & Transition MSCI USA ETF) and UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) are both Large Cap Blend Equities funds - USCL tracks the MSCI USA Extended Climate Action Index - Benchmark TR Gross while UJUN tracks the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. Both are passively managed. Over the past year, USCL returned 20.82% vs 10.04% for UJUN. Their correlation of 0.89 suggests significant overlap in exposure. USCL charges 0.08%/yr vs 0.79%/yr for UJUN.

Performance

USCL vs. UJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and Innovator U.S. Equity Ultra Buffer ETF - June (UJUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USCL achieves a 7.04% return, which is significantly higher than UJUN's 3.32% return.

USCL

• 1D: -0.85%
• 1M: 4.29%
• YTD: 7.04%
• 6M: 6.94%
• 1Y: 20.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UJUN

• 1D: -0.30%
• 1M: 0.45%
• YTD: 3.32%
• 6M: 4.16%
• 1Y: 10.04%
• 3Y*: 11.26%
• 5Y*: 6.38%
• 10Y*: —

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

USCL vs. UJUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USCL Ishares Climate Conscious & Transition MSCI USA ETF	7.04%	14.26%	27.04%	12.71%
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	3.32%	10.63%	12.49%	6.88%

Correlation

The correlation between USCL and UJUN is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023	0.89

The correlation between USCL and UJUN has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

USCL vs. UJUN - Sectors Allocation Comparison

Sectors	USCL	UJUN
Technology	29.4%	36.2%
Financial Services	13.6%	11.9%
Communication Services	12.7%	10.9%
Consumer Cyclical	11.9%	10.1%
Healthcare	10.7%	8.4%
Industrials	7.0%	8.1%
Consumer Defensive	4.7%	4.9%
Energy	3.5%	3.5%
Utilities	2.4%	2.3%
Real Estate	2.3%	1.9%
Basic Materials	1.9%	1.8%

Return for Risk

USCL vs. UJUN — Risk / Return Rank

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

USCL

USCL Risk / Return Rank: 47
USCL Sharpe Ratio Rank: 49
USCL Sortino Ratio Rank: 48
USCL Omega Ratio Rank: 48
USCL Calmar Ratio Rank: 41
USCL Martin Ratio Rank: 48

UJUN

UJUN Risk / Return Rank: 81
UJUN Sharpe Ratio Rank: 73
UJUN Sortino Ratio Rank: 81
UJUN Omega Ratio Rank: 88
UJUN Calmar Ratio Rank: 72
UJUN Martin Ratio Rank: 91

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.

USCL vs. UJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and Innovator U.S. Equity Ultra Buffer ETF - June (UJUN). 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.

	USCL	UJUN	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.40	-0.68
Sortino ratio: Return per unit of downside risk	2.40	3.66	-1.26
Omega ratio: Gain probability vs. loss probability	1.31	1.55	-0.24
Calmar ratio: Return relative to maximum drawdown	2.04	3.55	-1.51
Martin ratio: Return relative to average drawdown	8.09	21.84	-13.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USCL vs. UJUN - Sharpe Ratio Comparison

The current USCL Sharpe Ratio is 1.73, which is comparable to the UJUN Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of USCL and UJUN, 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

	USCL	UJUN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.40	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	0.77	+0.63

Drawdowns

USCL vs. UJUN - Drawdown Comparison

The maximum USCL drawdown since its inception was -19.00%, which is greater than UJUN's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for USCL and UJUN.

Drawdown Indicators

	USCL	UJUN	Difference
Max Drawdown Largest peak-to-trough decline	-19.00%	-13.73%	-5.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-2.84%	-7.40%
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	-0.85%	-0.30%	-0.55%
Average Drawdown Average peak-to-trough decline	-2.27%	-2.07%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	0.46%	+2.12%

Volatility

USCL vs. UJUN - Volatility Comparison

Ishares Climate Conscious & Transition MSCI USA ETF (USCL) has a higher volatility of 2.79% compared to Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) at 0.41%. This indicates that USCL's price experiences larger fluctuations and is considered to be riskier than UJUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USCL	UJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	0.41%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	9.04%	3.25%	+5.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	4.25%	+7.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	8.32%	+6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	8.77%	+6.07%

USCL vs. UJUN - Expense Ratio Comparison

USCL has a 0.08% expense ratio, which is lower than UJUN's 0.79% expense ratio.

Dividends

USCL vs. UJUN - Dividend Comparison

USCL's dividend yield for the trailing twelve months is around 1.07%, while UJUN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
USCL Ishares Climate Conscious & Transition MSCI USA ETF	1.07%	1.10%	1.18%	0.85%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USCL and UJUN in my portfolio?

USCL and UJUN have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USCL or UJUN?

USCL has higher volatility (2.79%) compared to UJUN (0.41%). In terms of maximum drawdown, USCL dropped -19.00% vs UJUN's -13.73%.

Which ETF is better, USCL or UJUN?

On 1-year performance, USCL leads with 20.82% vs 10.04% for UJUN. On fees, USCL is cheaper at 0.08% per year. On volatility, UJUN has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USCL or UJUN?

Over the 1-year period, USCL has performed better with a 20.82% return vs 10.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USCL or UJUN?

USCL is cheaper with a 0.08% expense ratio, compared with 0.79% for UJUN.

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

USCL has the higher dividend yield at 1.07%, compared with 0.00% for UJUN.

What is the main difference between USCL and UJUN?

USCL tracks MSCI USA Extended Climate Action Index - Benchmark TR Gross, while UJUN tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.08% for USCL and 0.79% for UJUN.

Which has better risk-adjusted returns?

UJUN currently has the higher Sharpe Ratio (2.40 vs 1.73), 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.