PYPY vs UJUL
YieldMax PYPL Option Income Strategy ETF vs Innovator US Equity Ultra Buffer ETF - July
Which is better, PYPY or UJUL?
UJUL has been ahead.
UJUL has a lower expense ratio. UJUL led over 1Y, 3Y 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 | PYPY | UJUL |
|---|---|---|
| Expense Ratio | 1.31% | 0.79%Best |
| AUM | $12M | $303M |
| Dividend Yield | 65.20% | 0.00% |
| Holdings | 25 | 24 |
| YTD Return | -7.52% | +7.39%Best |
| 1Y Return | -20.49% | +9.54%Best |
| 3Y Return (annualized) | +0.18% | +13.32%Best |
| 5Y Return (annualized) | - | +8.92% |
| Volatility (annualized) | 30.7% | 6.7%Best |
| Max Drawdown | -53.6% | -11.4%Best |
| $10,000 over 3 years | $9,839 | $14,672Best |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Sep 25, 2023 | Aug 7, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 26, 2023 to Oct 14, 2026 (3 years).
PYPY vs UJUL 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 3 years both funds cover.
PYPY vs UJUL Performance
YieldMax PYPL Option Income Strategy ETF (PYPY) is an ETF from YieldMax ETF and Innovator US Equity Ultra Buffer ETF - July (UJUL) is an ETF from Innovator ETFs Trust. Over the past year PYPY returned -20.49% while UJUL returned +9.54%. Year to date, PYPY is down 7.52% versus a gain of 7.39% for UJUL.
Over three years, PYPY compounded at +0.18% per year against +13.32% for UJUL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PYPY has been the more volatile fund, with annualized monthly volatility of 30.7% compared with 6.7% for UJUL. 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 -53.6% for PYPY and -11.4% for UJUL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PYPY charges 1.31% per year while UJUL charges 0.79%. On a $10,000 position that is $131 vs $79 annually, a gap of $52 per year that compounds over a long holding period. On income, PYPY currently yields 65.20% against 0.00% for UJUL.
Holdings Overlap
We hold position weights for 2 holdings in PYPY and 1 in UJUL, totalling 21.3% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in PYPY and 1 in UJUL, against full books of 25 and 24.
You are not choosing between two funds in isolation.
Whichever of PYPY and UJUL 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, PYPY or UJUL?
PYPY has an expense ratio of 1.31% while UJUL charges 0.79%. UJUL is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, PYPY or UJUL?
Over the past year PYPY returned -20.49% vs +9.54% for UJUL, so UJUL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PYPY or UJUL?
PYPY has been the more volatile fund at 30.7% annualized versus 6.7% for UJUL. Worst drawdown: PYPY -53.6% vs UJUL -11.4%.
Should I hold both PYPY and UJUL?
PYPY and UJUL have a monthly-return correlation of 0.34, 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, PYPY or UJUL?
PYPY yields 65.20% while UJUL yields 0.00%, so PYPY currently pays the higher dividend yield.
Is UJUL better than PYPY?
UJUL has a lower expense ratio. UJUL led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.