VOTE vs. UJUN

Last updated Jun 5, 2026

VOTE (Engine No. 1 Transform 500 ETF) and UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) are both Large Cap Blend Equities funds - VOTE tracks the Morningstar US Large Cap Index while UJUN tracks the Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. Both are passively managed. Over the past 3 years, VOTE returned 23.05%/yr vs 11.33%/yr for UJUN. Their correlation of 0.93 suggests significant overlap in exposure. VOTE charges 0.05%/yr vs 0.79%/yr for UJUN.

Performance

VOTE vs. UJUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Engine No. 1 Transform 500 ETF (VOTE) 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, VOTE achieves a 11.51% return, which is significantly higher than UJUN's 3.46% return.

VOTE

• 1D: 0.44%
• 1M: 4.81%
• YTD: 11.51%
• 6M: 11.46%
• 1Y: 28.65%
• 3Y*: 23.05%
• 5Y*: —
• 10Y*: —

UJUN

• 1D: 0.14%
• 1M: 0.52%
• YTD: 3.46%
• 6M: 4.28%
• 1Y: 10.70%
• 3Y*: 11.33%
• 5Y*: 6.41%
• 10Y*: —

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

VOTE vs. UJUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VOTE Engine No. 1 Transform 500 ETF	11.51%	17.95%	25.23%	27.60%	-19.74%	12.08%
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	3.46%	10.63%	12.49%	12.17%	-8.86%	3.03%

Correlation

The correlation between VOTE and UJUN is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021	0.93

The correlation between VOTE and UJUN has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

VOTE vs. UJUN - Sectors Allocation Comparison

Sectors	VOTE	UJUN
Technology	35.5%	36.2%
Financial Services	11.7%	11.9%
Communication Services	11.3%	10.9%
Consumer Cyclical	10.2%	10.1%
Healthcare	8.6%	8.4%
Industrials	8.5%	8.1%
Consumer Defensive	4.8%	4.9%
Energy	3.6%	3.5%
Utilities	2.3%	2.3%
Basic Materials	1.8%	1.8%
Real Estate	1.8%	1.9%

Return for Risk

VOTE vs. UJUN — Risk / Return Rank

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

VOTE

VOTE Risk / Return Rank: 72
VOTE Sharpe Ratio Rank: 75
VOTE Sortino Ratio Rank: 73
VOTE Omega Ratio Rank: 73
VOTE Calmar Ratio Rank: 65
VOTE Martin Ratio Rank: 77

UJUN

UJUN Risk / Return Rank: 86
UJUN Sharpe Ratio Rank: 81
UJUN Sortino Ratio Rank: 88
UJUN Omega Ratio Rank: 91
UJUN Calmar Ratio Rank: 76
UJUN Martin Ratio Rank: 92

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.

VOTE vs. UJUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Engine No. 1 Transform 500 ETF (VOTE) 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.

	VOTE	UJUN	Difference
Sharpe ratio: Return per unit of total volatility	2.38	2.58	-0.19
Sortino ratio: Return per unit of downside risk	3.25	3.94	-0.69
Omega ratio: Gain probability vs. loss probability	1.43	1.60	-0.17
Calmar ratio: Return relative to maximum drawdown	3.16	3.79	-0.63
Martin ratio: Return relative to average drawdown	14.50	23.27	-8.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOTE vs. UJUN - Sharpe Ratio Comparison

The current VOTE Sharpe Ratio is 2.38, which is comparable to the UJUN Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VOTE 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

	VOTE	UJUN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	2.58	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.78	+0.03

Drawdowns

VOTE vs. UJUN - Drawdown Comparison

The maximum VOTE drawdown since its inception was -25.71%, which is greater than UJUN's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for VOTE and UJUN.

Drawdown Indicators

	VOTE	UJUN	Difference
Max Drawdown Largest peak-to-trough decline	-25.71%	-13.73%	-11.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-2.84%	-6.26%
Max Drawdown (3Y) Largest decline over 3 years	-19.08%	-11.24%	-7.84%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	-0.27%	-0.15%	-0.12%
Average Drawdown Average peak-to-trough decline	-6.14%	-2.06%	-4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	0.46%	+1.52%

Volatility

VOTE vs. UJUN - Volatility Comparison

Engine No. 1 Transform 500 ETF (VOTE) has a higher volatility of 2.91% compared to Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) at 0.43%. This indicates that VOTE'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

	VOTE	UJUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	0.43%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	3.25%	+5.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	4.20%	+7.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	8.32%	+8.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	8.77%	+8.37%

VOTE vs. UJUN - Expense Ratio Comparison

VOTE has a 0.05% expense ratio, which is lower than UJUN's 0.79% expense ratio.

Dividends

VOTE vs. UJUN - Dividend Comparison

VOTE's dividend yield for the trailing twelve months is around 0.89%, 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%
VOTE Engine No. 1 Transform 500 ETF	0.89%	1.03%	1.18%	1.33%	1.54%	0.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VOTE and UJUN in my portfolio?

VOTE and UJUN have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOTE or UJUN?

VOTE has higher volatility (2.91%) compared to UJUN (0.43%). In terms of maximum drawdown, VOTE dropped -25.71% vs UJUN's -13.73%.

Which ETF is better, VOTE or UJUN?

On 3-year performance, VOTE leads with 23.05% vs 11.33% for UJUN. On fees, VOTE is cheaper at 0.05% per year. On volatility, UJUN has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOTE or UJUN?

Over the 3-year period, VOTE has performed better with a 23.05% return vs 11.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOTE or UJUN?

VOTE is cheaper with a 0.05% expense ratio, compared with 0.79% for UJUN.

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

VOTE has the higher dividend yield at 0.89%, compared with 0.00% for UJUN.

What is the main difference between VOTE and UJUN?

VOTE tracks Morningstar US Large Cap Index, while UJUN tracks Cboe S&P 500 30% (-5% to -35%) Buffer Protect June Series Index. They also come from different issuers: Engine No. 1 LLC and Innovator. Their fees differ too: 0.05% for VOTE and 0.79% for UJUN.

Which has better risk-adjusted returns?

UJUN currently has the higher Sharpe Ratio (2.58 vs 2.38), 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.