XBFR vs. PJUL
XBFR (Innovator Equity Managed 10 Buffer ETF) and PJUL (Innovator U.S. Equity Power Buffer ETF - July) are both Defined Outcome funds from Innovator. XBFR is actively managed, while PJUL is passively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.79% expense ratio.
Performance
XBFR vs. PJUL - Performance Comparison
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Returns By Period
XBFR
- 1D
- 0.67%
- 1M
- -0.27%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PJUL
- 1D
- 0.35%
- 1M
- 0.51%
- 6M
- 4.62%
- YTD
- 5.43%
- 1Y
- 11.10%
- 3Y*
- 12.02%
- 5Y*
- 10.37%
- 10Y*
- —
- ALL TIME*
- 8.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.04M | $11.74M | $6.93M | |
| $260.31K | $267.77K | $415.44K |
XBFR vs. PJUL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XBFR Innovator Equity Managed 10 Buffer ETF | 5.51% |
PJUL Innovator U.S. Equity Power Buffer ETF - July | 4.93% |
Correlation
The correlation between XBFR and PJUL is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026 | 0.76 |
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Return for Risk
XBFR vs. PJUL — Risk / Return Rank
XBFR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PJUL
XBFR vs. PJUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed 10 Buffer ETF (XBFR) and Innovator U.S. Equity Power Buffer ETF - July (PJUL). 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.
| XBFR | PJUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.87 | — |
| Martin ratioReturn relative to average drawdown | — | 15.66 | — |
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Drawdowns
XBFR vs. PJUL - Drawdown Comparison
The maximum XBFR drawdown since its inception was -4.12%, smaller than the maximum PJUL drawdown of -18.17%. Use the drawdown chart below to compare losses from any high point for XBFR and PJUL.
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Drawdown Indicators
| XBFR | PJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -18.17% | +14.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.64% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.69% | — |
Current DrawdownCurrent decline from peak | -1.25% | -0.34% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -1.45% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.67% | — |
Volatility
XBFR vs. PJUL - Volatility Comparison
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Volatility by Period
| XBFR | PJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 5.21% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.13% | 8.62% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 9.96% | -0.83% |
XBFR vs. PJUL - Expense Ratio Comparison
Both XBFR and PJUL have an expense ratio of 0.79%.
Dividends
XBFR vs. PJUL - Dividend Comparison
XBFR's dividend yield for the trailing twelve months is around 0.10%, while PJUL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PJUL Innovator U.S. Equity Power Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.82% |
XBFR Innovator Equity Managed 10 Buffer ETF | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBFR and PJUL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XBFR and PJUL have the same expense ratio: 0.79% per year.
XBFR has the higher dividend yield at 0.10%, compared with 0.00% for PJUL.
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