XJUL vs. LAPR

Last updated Aug 1, 2026

XJUL (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July) and LAPR (Innovator Premium Income 15 Buffer ETF - April) are both Options Trading funds. Both are actively managed. Over the past year, XJUL returned 10.17% vs 6.56% for LAPR. Their 0.65 correlation means they have sometimes moved together and sometimes differently. XJUL charges 0.85%/yr vs 0.79%/yr for LAPR.

Performance

XJUL vs. LAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL) and Innovator Premium Income 15 Buffer ETF - April (LAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XJUL achieves a 4.97% return, which is significantly higher than LAPR's 4.03% return.

XJUL

• 1D: 0.34%
• 1M: 0.72%
• 6M: 4.40%
• YTD: 4.97%
• 1Y: 10.17%
• 3Y*: 9.89%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.93%

LAPR

• 1D: 0.10%
• 1M: 0.35%
• 6M: 3.68%
• YTD: 4.03%
• 1Y: 6.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LAPR Innovator Premium Income 15 Buffer ETF - April	$23.63K	$62.86K	$120.34K
XJUL FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July	$231.21K	$142.92K	$603.44K

XJUL vs. LAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XJUL FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July	4.97%	10.19%	6.66%
LAPR Innovator Premium Income 15 Buffer ETF - April	4.03%	5.81%	4.66%

Correlation

The correlation between XJUL and LAPR is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024	0.65

The correlation between XJUL and LAPR has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

Return for Risk

XJUL vs. LAPR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XJUL

XJUL Risk / Return Rank: 91
XJUL Sharpe Ratio Rank: 89
XJUL Sortino Ratio Rank: 91
XJUL Omega Ratio Rank: 93
XJUL Calmar Ratio Rank: 87
XJUL Martin Ratio Rank: 94

LAPR

LAPR Risk / Return Rank: 99
LAPR Sharpe Ratio Rank: 99
LAPR Sortino Ratio Rank: 99
LAPR Omega Ratio Rank: 99
LAPR Calmar Ratio Rank: 99
LAPR Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XJUL vs. LAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL) and Innovator Premium Income 15 Buffer ETF - April (LAPR). 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.

	XJUL	LAPR	Difference
Sharpe ratio: Return per unit of total volatility	2.23	5.03	-2.80
Sortino ratio: Return per unit of downside risk	3.32	10.06	-6.75
Omega ratio: Gain probability vs. loss probability	1.49	2.52	-1.03
Calmar ratio: Return relative to maximum drawdown	3.47	18.34	-14.88
Martin ratio: Return relative to average drawdown	18.85	98.98	-80.13

XJUL vs. LAPR - Sharpe Ratio Comparison

The current XJUL Sharpe Ratio is 2.23, which is lower than the LAPR Sharpe Ratio of 5.03. The chart below compares the historical Sharpe Ratios of XJUL and LAPR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XJUL vs. LAPR - Drawdown Comparison

The maximum XJUL drawdown since its inception was -9.10%, which is greater than LAPR's maximum drawdown of -3.81%. Use the drawdown chart below to compare losses from any high point for XJUL and LAPR.

Drawdown Indicators

	XJUL	LAPR	Difference
Max Drawdown Largest peak-to-trough decline	-9.10%	-3.81%	-5.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.76%	-0.36%	-2.40%
Max Drawdown (3Y) Largest decline over 3 years	-9.10%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.55%	-0.11%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	0.07%	+0.44%

Volatility

XJUL vs. LAPR - Volatility Comparison

FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July (XJUL) has a higher volatility of 1.25% compared to Innovator Premium Income 15 Buffer ETF - April (LAPR) at 0.42%. This indicates that XJUL's price experiences larger fluctuations and is considered to be riskier than LAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XJUL	LAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	0.42%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	3.27%	1.10%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	4.29%	1.30%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.84%	3.21%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.84%	3.21%	+3.63%

XJUL vs. LAPR - Expense Ratio Comparison

XJUL has a 0.85% expense ratio, which is higher than LAPR's 0.79% expense ratio.

Dividends

XJUL vs. LAPR - Dividend Comparison

XJUL has not paid dividends to shareholders, while LAPR's dividend yield for the trailing twelve months is around 5.78%.

Position	TTM	2025	2024
LAPR Innovator Premium Income 15 Buffer ETF - April	5.78%	5.40%	4.21%
XJUL FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - July	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XJUL and LAPR in my portfolio?

XJUL and LAPR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XJUL or LAPR?

XJUL has higher volatility (1.25%) compared to LAPR (0.42%). In terms of maximum drawdown, XJUL dropped -9.10% vs LAPR's -3.81%.

Which ETF is better, XJUL or LAPR?

On 1-year performance, XJUL leads with 10.17% vs 6.56% for LAPR. On fees, LAPR is cheaper at 0.79% per year. On volatility, LAPR has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XJUL or LAPR?

Over the 1-year period, XJUL has performed better with a 10.17% return vs 6.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XJUL or LAPR?

LAPR is cheaper with a 0.79% expense ratio, compared with 0.85% for XJUL.

Which ETF pays a higher dividend yield, XJUL or LAPR?

LAPR has the higher dividend yield at 5.78%, compared with 0.00% for XJUL.

What is the main difference between XJUL and LAPR?

They also come from different issuers: FT Vest and Innovator. Their fees differ too: 0.85% for XJUL and 0.79% for LAPR.

Which has better risk-adjusted returns?

LAPR currently has the higher Sharpe Ratio (5.03 vs 2.23), 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.