AJUL vs ZJUL
Innovator Equity Defined Protection ETF - 2 Yr to July 2026 vs Innovator Equity Defined Protection ETF - 1 Yr July
Which is better, AJUL or ZJUL?
AJUL has been ahead.
AJUL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AJUL | ZJUL |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $98M | $194M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 21 | 21 |
| YTD Return | +4.38% | +4.45%Best |
| 1Y Return | +6.14%Best | +5.64% |
| Volatility (annualized) | 3.4% | 3.3%Best |
| Max Drawdown | -6.1% | -5.5%Best |
| $10,000 over 2.3 years | $11,752Best | $11,691 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 1, 2024 | Jul 1, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 1, 2024 to Oct 14, 2026 (2.3 years).
AJUL vs ZJUL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
AJUL vs ZJUL Performance
Innovator Equity Defined Protection ETF - 2 Yr to July 2026 (AJUL) is an ETF from Innovator ETFs Trust and Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) is an ETF from Innovator ETFs Trust. Over the past year AJUL returned +6.14% while ZJUL returned +5.64%. Year to date, AJUL is up 4.38% versus a gain of 4.45% for ZJUL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
AJUL has been the more volatile fund, with annualized monthly volatility of 3.4% compared with 3.3% for ZJUL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.1% for AJUL and -5.5% for ZJUL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AJUL charges 0.79% per year while ZJUL charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, AJUL currently yields 0.00% against 0.00% for ZJUL.
Holdings Overlap
We hold position weights for 1 holding in AJUL and 1 in ZJUL, totalling 99.5% and 100.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in AJUL and 1 in ZJUL, against full books of 21 and 21.
Top Shared Holdings
| Stock | Weight in AJUL | Weight in ZJUL | Difference |
|---|---|---|---|
| VOOVanguard S&P 500 ETF | 99.47% | 100.07% | 0.60% |
You are not choosing between two funds in isolation.
Whichever of AJUL and ZJUL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AJUL or ZJUL?
AJUL has an expense ratio of 0.79% while ZJUL charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, AJUL or ZJUL?
Over the past year AJUL returned +6.14% vs +5.64% for ZJUL, so AJUL leads on 1-year performance. Over the longest common window we track (2 years), AJUL annualized +7.27% vs +7.03% for ZJUL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AJUL or ZJUL?
AJUL has been the more volatile fund at 3.4% annualized versus 3.3% for ZJUL. Worst drawdown: AJUL -6.1% vs ZJUL -5.5%.
Should I hold both AJUL and ZJUL?
AJUL and ZJUL have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, AJUL or ZJUL?
AJUL yields 0.00% while ZJUL yields 0.00%, so ZJUL currently pays the higher dividend yield.
Is ZJUL better than AJUL?
AJUL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.