UJUL vs USEP
Innovator US Equity Ultra Buffer ETF - July vs Innovator U.S. Equity Ultra Buffer ETF - September
Which is better, UJUL or USEP?
Each has led over a different period.
UJUL led over 3Y and 5Y, USEP over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | UJUL | USEP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $303M | $239M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 24 | 23 |
| YTD Return | +7.39% | +7.42%Best |
| 1Y Return | +9.54% | +9.56%Best |
| 3Y Return (annualized) | +13.32%Best | +12.59% |
| 5Y Return (annualized) | +8.92%Best | +8.51% |
| Volatility (annualized) | 7.5% | 7.0%Best |
| Max Drawdown | -14.1% | -13.4%Best |
| $10,000 over 5 years | $15,330Best | $15,043 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 7, 2018 | Aug 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 3, 2019 to Oct 14, 2026 (7.1 years).
UJUL vs USEP 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 7.1 years both funds cover.
UJUL vs USEP Performance
Innovator US Equity Ultra Buffer ETF - July (UJUL) is an ETF from Innovator ETFs Trust and Innovator U.S. Equity Ultra Buffer ETF - September (USEP) is an ETF from Innovator ETFs Trust. Over the past year UJUL returned +9.54% while USEP returned +9.56%. Year to date, UJUL is up 7.39% versus a gain of 7.42% for USEP.
Over three years, UJUL compounded at +13.32% per year against +12.59% for USEP; over five years the annualized figures are +8.92% and +8.51% respectively. Across the full 7-year window we track, USEP has the edge at +7.99% annualized vs +7.82%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UJUL has been the more volatile fund, with annualized monthly volatility of 7.5% compared with 7.0% for USEP. 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 -14.1% for UJUL and -13.4% for USEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
UJUL charges 0.79% per year while USEP charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, UJUL currently yields 0.00% against 0.00% for USEP.
Holdings Overlap
We hold position weights for 1 holding in UJUL and 1 in USEP, totalling 99.3% and 98.6% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in UJUL and 1 in USEP, against full books of 24 and 23.
Top Shared Holdings
| Stock | Weight in UJUL | Weight in USEP | Difference |
|---|---|---|---|
| VOOVanguard S&P 500 ETF | 99.33% | 98.63% | 0.70% |
You are not choosing between two funds in isolation.
Whichever of UJUL and USEP 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, UJUL or USEP?
UJUL has an expense ratio of 0.79% while USEP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, UJUL or USEP?
Over the past year UJUL returned +9.54% vs +9.56% for USEP, so USEP leads on 1-year performance. Over the longest common window we track (7 years), UJUL annualized +7.82% vs +7.99% for USEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, UJUL or USEP?
UJUL has been the more volatile fund at 7.5% annualized versus 7.0% for USEP. Worst drawdown: UJUL -14.1% vs USEP -13.4%.
Should I hold both UJUL and USEP?
UJUL and USEP have a monthly-return correlation of 0.95, 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, UJUL or USEP?
UJUL yields 0.00% while USEP yields 0.00%, so USEP currently pays the higher dividend yield.
Is USEP better than UJUL?
UJUL led over 3Y and 5Y, USEP over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.