IJAN vs IJUL
Innovator International Developed Power Buffer ETF - January vs Innovator International Developed Power Buffer ETF - July
Which is better, IJAN or IJUL?
Each has led over a different period.
IJAN led over the full window, IJUL over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.96.
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 | IJAN | IJUL |
|---|---|---|
| Expense Ratio | 0.85%Tie | 0.85%Tie |
| AUM | $229M | $253M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 18 |
| YTD Return | +5.17% | +6.69%Best |
| 1Y Return | +8.63% | +9.74%Best |
| 3Y Return (annualized) | +11.19% | +12.19%Best |
| 5Y Return (annualized) | +7.20% | +7.94%Best |
| Volatility (annualized) | 10.3% | 9.4%Best |
| Max Drawdown | -22.7% | -21.1%Best |
| $10,000 over 5 years | $14,157 | $14,653Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jan 1, 2020 | Jun 28, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 2, 2020 to Oct 14, 2026 (6.8 years).
IJAN vs IJUL 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 6.8 years both funds cover.
IJAN vs IJUL Performance
Innovator International Developed Power Buffer ETF - January (IJAN) is an ETF from Innovator ETFs Trust and Innovator International Developed Power Buffer ETF - July (IJUL) is an ETF from Innovator ETFs Trust. Over the past year IJAN returned +8.63% while IJUL returned +9.74%. Year to date, IJAN is up 5.17% versus a gain of 6.69% for IJUL.
Over three years, IJAN compounded at +11.19% per year against +12.19% for IJUL; over five years the annualized figures are +7.20% and +7.94% respectively. Across the full 7-year window we track, IJAN has the edge at +6.65% annualized vs +6.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IJAN has been the more volatile fund, with annualized monthly volatility of 10.3% compared with 9.4% for IJUL. 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 -22.7% for IJAN and -21.1% for IJUL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IJAN charges 0.85% per year while IJUL charges 0.85%. On a $10,000 position that is $85 vs $85 annually. On income, IJAN currently yields 0.00% against 0.00% for IJUL.
You are not choosing between two funds in isolation.
Whichever of IJAN and IJUL 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, IJAN or IJUL?
IJAN has an expense ratio of 0.85% while IJUL charges 0.85%. At the precision these are quoted to, they cost the same.
Which performed better, IJAN or IJUL?
Over the past year IJAN returned +8.63% vs +9.74% for IJUL, so IJUL leads on 1-year performance. Over the longest common window we track (7 years), IJAN annualized +6.65% vs +6.25% for IJUL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IJAN or IJUL?
IJAN has been the more volatile fund at 10.3% annualized versus 9.4% for IJUL. Worst drawdown: IJAN -22.7% vs IJUL -21.1%.
Should I hold both IJAN and IJUL?
IJAN and IJUL have a monthly-return correlation of 0.96, 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, IJAN or IJUL?
IJAN yields 0.00% while IJUL yields 0.00%, so IJUL currently pays the higher dividend yield.
Is IJUL better than IJAN?
IJAN led over the full window, IJUL over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.