PNOV vs ZJUL
Innovator US Equity Power Buffer ETF - November vs Innovator Equity Defined Protection ETF - 1 Yr July
Which is better, PNOV or ZJUL?
PNOV has been ahead.
PNOV 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 | PNOV | ZJUL |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $838M | $194M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 21 |
| YTD Return | +9.87%Best | +4.45% |
| 1Y Return | +11.76%Best | +5.64% |
| 3Y Return (annualized) | +11.02% | - |
| 5Y Return (annualized) | +8.54% | - |
| Volatility (annualized) | 6.1% | 3.3%Best |
| Max Drawdown | -10.3% | -5.5%Best |
| $10,000 over 2.3 years | $12,676Best | $11,691 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 31, 2019 | Jul 1, 2024 |
Not shown on this pair: 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).
PNOV 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.
PNOV vs ZJUL Performance
Innovator US Equity Power Buffer ETF - November (PNOV) 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 PNOV returned +11.76% while ZJUL returned +5.64%. Year to date, PNOV is up 9.87% versus a gain of 4.45% for ZJUL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PNOV has been the more volatile fund, with annualized monthly volatility of 6.1% 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 -10.3% for PNOV 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PNOV charges 0.79% per year while ZJUL 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 ZJUL.
You are not choosing between two funds in isolation.
Whichever of PNOV 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, PNOV or ZJUL?
PNOV 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, PNOV or ZJUL?
Over the past year PNOV returned +11.76% vs +5.64% for ZJUL, so PNOV leads on 1-year performance. Over the longest common window we track (2 years), PNOV annualized +10.86% vs +7.03% for ZJUL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PNOV or ZJUL?
PNOV has been the more volatile fund at 6.1% annualized versus 3.3% for ZJUL. Worst drawdown: PNOV -10.3% vs ZJUL -5.5%.
Should I hold both PNOV and ZJUL?
PNOV and ZJUL have a monthly-return correlation of 0.85, 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, PNOV or ZJUL?
PNOV yields 0.00% while ZJUL yields 0.00%, so ZJUL currently pays the higher dividend yield.
Is ZJUL better than PNOV?
PNOV 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.