DISO vs ZJUL
YieldMax DIS Option Income Strategy ETF vs Innovator Equity Defined Protection ETF - 1 Yr July
Which is better, DISO or ZJUL?
ZJUL has been ahead.
ZJUL has a lower expense ratio. ZJUL led over 1Y and the full window.
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 | DISO | ZJUL |
|---|---|---|
| Expense Ratio | 1.32% | 0.79%Best |
| AUM | $4M | $194M |
| Dividend Yield | 43.83% | 0.00% |
| Holdings | 30 | 21 |
| Volatility (annualized) | 24.2% | 3.5%Best |
| Max Drawdown | -26.5% | -5.5%Best |
| $10,000 over 2 years | $10,288 | $11,520Best |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Aug 24, 2023 | Jul 1, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 121 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. DISO has data through Jun 15, 2026 and ZJUL through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Jul 1, 2024 to Jun 15, 2026 (2 years).
Risk: Volatility and Drawdowns
DISO has been the more volatile fund, with annualized monthly volatility of 24.2% compared with 3.5% 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 -26.5% for DISO 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 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DISO charges 1.32% per year while ZJUL charges 0.79%. On a $10,000 position that is $132 vs $79 annually, a gap of $53 per year that compounds over a long holding period. On income, DISO currently yields 43.83% against 0.00% for ZJUL.
Holdings Overlap
We hold position weights for 6 holdings in DISO and 1 in ZJUL, totalling 92.6% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 247 days apart, DISO as of Jan 31, 2026 and ZJUL as of Oct 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 6 positions we hold weights for in DISO and 1 in ZJUL, against full books of 30 and 21.
You are not choosing between two funds in isolation.
Whichever of DISO 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, DISO or ZJUL?
DISO has an expense ratio of 1.32% while ZJUL charges 0.79%. ZJUL is the cheaper option, by $53 a year on a $10,000 investment.
Which is riskier, DISO or ZJUL?
DISO has been the more volatile fund at 24.2% annualized versus 3.5% for ZJUL. Worst drawdown: DISO -26.5% vs ZJUL -5.5%.
Should I hold both DISO and ZJUL?
DISO and ZJUL have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DISO or ZJUL?
DISO yields 43.83% while ZJUL yields 0.00%, so DISO currently pays the higher dividend yield.
Is ZJUL better than DISO?
ZJUL has a lower expense ratio. ZJUL led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.