PNOV vs XBJL
Innovator US Equity Power Buffer ETF - November vs Innovator US Equity Accelerated 9 Buffer ETF - July
Which is better, PNOV or XBJL?
Each has led over a different period.
PNOV led over 1Y, XBJL over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | PNOV | XBJL |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $838M | $77M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 27 |
| YTD Return | +9.87%Best | +7.79% |
| 1Y Return | +11.76%Best | +10.49% |
| 3Y Return (annualized) | +11.02% | +12.68%Best |
| 5Y Return (annualized) | +8.54% | +9.50%Best |
| Volatility (annualized) | 8.2% | 7.9%Best |
| Max Drawdown | -10.6%Best | -11.8% |
| $10,000 over 5 years | $15,064 | $15,742Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 31, 2019 | Jun 30, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 1, 2021 to Oct 14, 2026 (5.3 years).
PNOV vs XBJL 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 5.3 years both funds cover.
PNOV vs XBJL Performance
Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust and Innovator US Equity Accelerated 9 Buffer ETF - July (XBJL) is an ETF from Innovator ETFs Trust. Over the past year PNOV returned +11.76% while XBJL returned +10.49%. Year to date, PNOV is up 9.87% versus a gain of 7.79% for XBJL.
Over three years, PNOV compounded at +11.02% per year against +12.68% for XBJL; over five years the annualized figures are +8.54% and +9.50% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PNOV has been the more volatile fund, with annualized monthly volatility of 8.2% compared with 7.9% for XBJL. 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 -10.6% for PNOV and -11.8% for XBJL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PNOV charges 0.79% per year while XBJL charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PNOV currently yields 0.00% against 0.00% for XBJL.
You are not choosing between two funds in isolation.
Whichever of PNOV and XBJL 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, PNOV or XBJL?
PNOV has an expense ratio of 0.79% while XBJL charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PNOV or XBJL?
Over the past year PNOV returned +11.76% vs +10.49% for XBJL, so PNOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PNOV or XBJL?
PNOV has been the more volatile fund at 8.2% annualized versus 7.9% for XBJL. Worst drawdown: PNOV -10.6% vs XBJL -11.8%.
Should I hold both PNOV and XBJL?
PNOV and XBJL have a monthly-return correlation of 0.93, 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, PNOV or XBJL?
PNOV yields 0.00% while XBJL yields 0.00%, so XBJL currently pays the higher dividend yield.
Is XBJL better than PNOV?
PNOV led over 1Y, XBJL over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.