ZMAY vs. ZJUL
Compare and contrast key facts about Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) and Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL).
ZMAY and ZJUL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZMAY is an actively managed fund by Innovator. It was launched on May 1, 2025. ZJUL is an actively managed fund by Innovator. It was launched on Jun 28, 2024.
Performance
ZMAY vs. ZJUL - Performance Comparison
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ZMAY vs. ZJUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZMAY Innovator Equity Defined Protection ETF - 1 Yr May | 0.71% | 4.67% |
ZJUL Innovator Equity Defined Protection ETF - 1 Yr July | -0.02% | 8.21% |
Returns By Period
In the year-to-date period, ZMAY achieves a 0.71% return, which is significantly higher than ZJUL's -0.02% return.
ZMAY
- 1D
- 0.01%
- 1M
- 0.16%
- YTD
- 0.71%
- 6M
- 2.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZJUL
- 1D
- -0.03%
- 1M
- -0.70%
- YTD
- -0.02%
- 6M
- 1.11%
- 1Y
- 8.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ZMAY vs. ZJUL - Expense Ratio Comparison
Both ZMAY and ZJUL have an expense ratio of 0.79%.
Return for Risk
ZMAY vs. ZJUL — Risk / Return Rank
ZMAY
ZJUL
ZMAY vs. ZJUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr May (ZMAY) and Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ZMAY | ZJUL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.96 | 1.37 | +2.59 |
Correlation
The correlation between ZMAY and ZJUL is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ZMAY vs. ZJUL - Dividend Comparison
Neither ZMAY nor ZJUL has paid dividends to shareholders.
Drawdowns
ZMAY vs. ZJUL - Drawdown Comparison
The maximum ZMAY drawdown since its inception was -0.39%, smaller than the maximum ZJUL drawdown of -5.51%. Use the drawdown chart below to compare losses from any high point for ZMAY and ZJUL.
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Drawdown Indicators
| ZMAY | ZJUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.39% | -5.51% | +5.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.80% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.51% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.68% | — |
Volatility
ZMAY vs. ZJUL - Volatility Comparison
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Volatility by Period
| ZMAY | ZJUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 5.11% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.50% | 4.82% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 4.82% | -3.32% |