UJUL vs XBAP
Innovator US Equity Ultra Buffer ETF - July vs Innovator US Equity Accelerated 9 Buffer ETF - April
Which is better, UJUL or XBAP?
XBAP has been ahead.
XBAP led over 1Y, 3Y, 5Y 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 | UJUL | XBAP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $303M | $129M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 24 | 27 |
| YTD Return | +7.58% | +11.62%Best |
| 1Y Return | +9.70% | +14.12%Best |
| 3Y Return (annualized) | +13.38% | +13.89%Best |
| 5Y Return (annualized) | +8.90% | +9.89%Best |
| Volatility (annualized) | 7.4%Best | 8.5% |
| Max Drawdown | -11.4%Best | -14.6% |
| $10,000 over 5 years | $15,316 | $16,025Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 7, 2018 | Mar 31, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2021 to Oct 15, 2026 (5.5 years).
UJUL vs XBAP 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 5.5 years both funds cover.
UJUL vs XBAP Performance
Innovator US Equity Ultra Buffer ETF - July (UJUL) is an ETF from Innovator ETFs Trust and Innovator US Equity Accelerated 9 Buffer ETF - April (XBAP) is an ETF from Innovator ETFs Trust. Over the past year UJUL returned +9.70% while XBAP returned +14.12%. Year to date, UJUL is up 7.58% versus a gain of 11.62% for XBAP.
Over three years, UJUL compounded at +13.38% per year against +13.89% for XBAP; over five years the annualized figures are +8.90% and +9.89% respectively. Across the full 6-year window we track, XBAP has the edge at +9.94% annualized vs +8.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XBAP has been the more volatile fund, with annualized monthly volatility of 8.5% compared with 7.4% 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 -11.4% for UJUL and -14.6% for XBAP. 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
UJUL charges 0.79% per year while XBAP 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 XBAP.
Holdings Overlap
We hold position weights for 1 holding in UJUL and 1 in XBAP, totalling 99.3% and 105.7% 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 XBAP, against full books of 24 and 27.
Top Shared Holdings
| Stock | Weight in UJUL | Weight in XBAP | Difference |
|---|---|---|---|
| VOOVanguard S&P 500 ETF | 99.33% | 105.73% | 6.40% |
You are not choosing between two funds in isolation.
Whichever of UJUL and XBAP 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 XBAP?
UJUL has an expense ratio of 0.79% while XBAP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, UJUL or XBAP?
Over the past year UJUL returned +9.70% vs +14.12% for XBAP, so XBAP leads on 1-year performance. Over the longest common window we track (6 years), UJUL annualized +8.34% vs +9.94% for XBAP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, UJUL or XBAP?
XBAP has been the more volatile fund at 8.5% annualized versus 7.4% for UJUL. Worst drawdown: UJUL -11.4% vs XBAP -14.6%.
Should I hold both UJUL and XBAP?
UJUL and XBAP 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, UJUL or XBAP?
UJUL yields 0.00% while XBAP yields 0.00%, so XBAP currently pays the higher dividend yield.
Is XBAP better than UJUL?
XBAP led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.