ZALT vs. UJUL
Compare and contrast key facts about Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) and Innovator U.S. Equity Ultra Buffer ETF - July (UJUL).
ZALT and UJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZALT is an actively managed fund by Innovator. It was launched on Sep 29, 2023. UJUL is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect September Series Index. It was launched on Aug 8, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZALT or UJUL.
Performance
ZALT vs. UJUL - Performance Comparison
Returns By Period
In the year-to-date period, ZALT achieves a 12.07% return, which is significantly lower than UJUL's 14.29% return.
ZALT
12.07%
1.29%
7.70%
13.29%
N/A
N/A
UJUL
14.29%
1.71%
7.12%
17.93%
6.79%
N/A
Key characteristics
| ZALT | UJUL | |
|---|---|---|
| Sharpe Ratio | 2.97 | 3.04 |
| Sortino Ratio | 4.11 | 4.35 |
| Omega Ratio | 1.68 | 1.65 |
| Calmar Ratio | 4.05 | 4.38 |
| Martin Ratio | 24.28 | 22.65 |
| Ulcer Index | 0.55% | 0.79% |
| Daily Std Dev | 4.48% | 5.91% |
| Max Drawdown | -3.28% | -14.11% |
| Current Drawdown | -0.13% | -0.08% |
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ZALT vs. UJUL - Expense Ratio Comparison
ZALT has a 0.69% expense ratio, which is lower than UJUL's 0.79% expense ratio.
Correlation
The correlation between ZALT and UJUL is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ZALT vs. UJUL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) and Innovator U.S. Equity Ultra Buffer ETF - July (UJUL). 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.
Dividends
ZALT vs. UJUL - Dividend Comparison
Neither ZALT nor UJUL has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
ZALT Innovator U.S. Equity 10 Buffer ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJUL Innovator U.S. Equity Ultra Buffer ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.43% |
Drawdowns
ZALT vs. UJUL - Drawdown Comparison
The maximum ZALT drawdown since its inception was -3.28%, smaller than the maximum UJUL drawdown of -14.11%. Use the drawdown chart below to compare losses from any high point for ZALT and UJUL. For additional features, visit the drawdowns tool.
Volatility
ZALT vs. UJUL - Volatility Comparison
The current volatility for Innovator U.S. Equity 10 Buffer ETF - Quarterly (ZALT) is 1.40%, while Innovator U.S. Equity Ultra Buffer ETF - July (UJUL) has a volatility of 1.96%. This indicates that ZALT experiences smaller price fluctuations and is considered to be less risky than UJUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.