ZJUL vs. FFTY
ZJUL (Innovator Equity Defined Protection ETF - 1 Yr July) and FFTY (Innovator IBD 50 ETF) are both exchange-traded funds - ZJUL is a Defined Outcome fund actively managed by Innovator, while FFTY is a Large Cap Growth Equities fund tracking the IBD 50 Index. ZJUL is actively managed, while FFTY is passively managed. Over the past year, ZJUL returned 7.56% vs 38.14% for FFTY. A 0.60 correlation means they provide meaningful diversification when combined. ZJUL charges 0.79%/yr vs 0.80%/yr for FFTY.
Performance
ZJUL vs. FFTY - Performance Comparison
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Returns By Period
In the year-to-date period, ZJUL achieves a 2.58% return, which is significantly lower than FFTY's 20.11% return.
ZJUL
- 1D
- 0.02%
- 1M
- 0.66%
- YTD
- 2.58%
- 6M
- 2.81%
- 1Y
- 7.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFTY
- 1D
- -0.14%
- 1M
- 7.67%
- YTD
- 20.11%
- 6M
- 21.02%
- 1Y
- 38.14%
- 3Y*
- 21.57%
- 5Y*
- -0.60%
- 10Y*
- 7.57%
ZJUL vs. FFTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZJUL Innovator Equity Defined Protection ETF - 1 Yr July | 2.58% | 7.47% | 4.02% |
FFTY Innovator IBD 50 ETF | 20.11% | 23.38% | 3.68% |
Correlation
The correlation between ZJUL and FFTY is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024 | 0.60 |
The correlation between ZJUL and FFTY has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.
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Return for Risk
ZJUL vs. FFTY — Risk / Return Rank
ZJUL
FFTY
ZJUL vs. FFTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) and Innovator IBD 50 ETF (FFTY). 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.
| ZJUL | FFTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.20 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.29 | 1.65 | +3.65 |
| Martin ratioReturn relative to average drawdown | 28.77 | 4.36 | +24.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZJUL | FFTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 1.12 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | 0.20 | +1.40 |
Drawdowns
ZJUL vs. FFTY - Drawdown Comparison
The maximum ZJUL drawdown since its inception was -5.51%, smaller than the maximum FFTY drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for ZJUL and FFTY.
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Drawdown Indicators
| ZJUL | FFTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.51% | -59.46% | +53.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.43% | -23.29% | +21.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -15.34% | +15.34% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -22.38% | +21.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 8.77% | -8.51% |
Volatility
ZJUL vs. FFTY - Volatility Comparison
The current volatility for Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) is 0.24%, while Innovator IBD 50 ETF (FFTY) has a volatility of 9.42%. This indicates that ZJUL experiences smaller price fluctuations and is considered to be less risky than FFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZJUL | FFTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.24% | 9.42% | -9.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 26.18% | -24.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 34.09% | -31.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.65% | 29.14% | -24.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 27.41% | -22.76% |
ZJUL vs. FFTY - Expense Ratio Comparison
ZJUL has a 0.79% expense ratio, which is lower than FFTY's 0.80% expense ratio.
Dividends
ZJUL vs. FFTY - Dividend Comparison
ZJUL has not paid dividends to shareholders, while FFTY's dividend yield for the trailing twelve months is around 1.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FFTY Innovator IBD 50 ETF | 1.12% | 1.35% | 0.91% | 0.65% | 2.75% | 0.22% | 0.00% | 0.00% | 0.00% | 0.17% |
ZJUL Innovator Equity Defined Protection ETF - 1 Yr July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZJUL and FFTY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFTY has higher volatility (9.42%) compared to ZJUL (0.24%). In terms of maximum drawdown, ZJUL dropped -5.51% vs FFTY's -59.46%.
On 1-year performance, FFTY leads with 38.14% vs 7.56% for ZJUL. On fees, ZJUL is cheaper at 0.79% per year. On volatility, ZJUL has been the lower-risk option at 0.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFTY has performed better with a 38.14% return vs 7.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ZJUL is cheaper with a 0.79% expense ratio, compared with 0.80% for FFTY.
FFTY has the higher dividend yield at 1.12%, compared with 0.00% for ZJUL.
ZJUL is categorized as Defined Outcome, while FFTY is Large Cap Growth Equities. Their fees differ too: 0.79% for ZJUL and 0.80% for FFTY.
ZJUL currently has the higher Sharpe Ratio (2.91 vs 1.12), 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.
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