VOXP vs. UNOV

Last updated Jun 27, 2026

VOXP (Vox Populi ETF) and UNOV (Innovator U.S. Equity Ultra Buffer ETF - November) are both Large Cap Blend Equities funds. Their correlation of 0.89 suggests significant overlap in exposure. VOXP charges 0.30%/yr vs 0.79%/yr for UNOV.

Performance

VOXP vs. UNOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vox Populi ETF (VOXP) and Innovator U.S. Equity Ultra Buffer ETF - November (UNOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VOXP

• 1D: 0.14%
• 1M: -2.13%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UNOV

• 1D: 0.11%
• 1M: -0.49%
• YTD: 4.66%
• 6M: 3.99%
• 1Y: 11.00%
• 3Y*: 9.31%
• 5Y*: 6.42%
• 10Y*: —

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

VOXP vs. UNOV - Yearly Performance Comparison

	2026 (YTD)
VOXP Vox Populi ETF	12.58%
UNOV Innovator U.S. Equity Ultra Buffer ETF - November	7.09%

Correlation

The correlation between VOXP and UNOV is 0.89, 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 Mar 27, 2026	0.89

Return for Risk

VOXP vs. UNOV — Risk / Return Rank

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

VOXP

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

UNOV

UNOV Risk / Return Rank: 69
UNOV Sharpe Ratio Rank: 69
UNOV Sortino Ratio Rank: 71
UNOV Omega Ratio Rank: 75
UNOV Calmar Ratio Rank: 57
UNOV Martin Ratio Rank: 73

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.

VOXP vs. UNOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vox Populi ETF (VOXP) and Innovator U.S. Equity Ultra Buffer ETF - November (UNOV). 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.

	VOXP	UNOV	Difference
Sharpe ratio: Return per unit of total volatility	—	1.92	—
Sortino ratio: Return per unit of downside risk	—	2.75	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	11.61	—

Drawdowns

VOXP vs. UNOV - Drawdown Comparison

The maximum VOXP drawdown since its inception was -4.39%, smaller than the maximum UNOV drawdown of -13.84%. Use the drawdown chart below to compare losses from any high point for VOXP and UNOV.

Drawdown Indicators

	VOXP	UNOV	Difference
Max Drawdown Largest peak-to-trough decline	-4.39%	-13.84%	+9.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.10%	—
Current Drawdown Current decline from peak	-3.41%	-0.94%	-2.47%
Average Drawdown Average peak-to-trough decline	-0.88%	-1.65%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.95%	—

Volatility

Volatility by Period

	VOXP	UNOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	5.76%	+9.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	6.88%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.56%	7.72%	+7.84%

VOXP vs. UNOV - Expense Ratio Comparison

VOXP has a 0.30% expense ratio, which is lower than UNOV's 0.79% expense ratio.

Dividends

VOXP vs. UNOV - Dividend Comparison

VOXP's dividend yield for the trailing twelve months is around 0.21%, while UNOV has not paid dividends to shareholders.

Position	TTM
UNOV Innovator U.S. Equity Ultra Buffer ETF - November	0.00%
VOXP Vox Populi ETF	0.21%

Frequently Asked Questions

Can I hold both VOXP and UNOV in my portfolio?

VOXP and UNOV have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOXP or UNOV?

On fees, VOXP is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOXP or UNOV?

VOXP is cheaper with a 0.30% expense ratio, compared with 0.79% for UNOV.

Which ETF pays a higher dividend yield, VOXP or UNOV?

VOXP has the higher dividend yield at 0.21%, compared with 0.00% for UNOV.

What is the main difference between VOXP and UNOV?

They also come from different issuers: Vox Populi and Innovator. Their fees differ too: 0.30% for VOXP and 0.79% for UNOV.