UMAY vs ZJUL
Innovator U.S. Equity Ultra Buffer ETF - May vs Innovator Equity Defined Protection ETF - 1 Yr July
Which is better, UMAY or ZJUL?
UMAY has been ahead.
UMAY 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 | UMAY | ZJUL |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $137M | $194M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 24 | 21 |
| YTD Return | +6.64%Best | +4.45% |
| 1Y Return | +8.83%Best | +5.64% |
| 3Y Return (annualized) | +11.71% | - |
| 5Y Return (annualized) | +6.64% | - |
| Volatility (annualized) | 3.2%Best | 3.3% |
| Max Drawdown | -10.5% | -5.5%Best |
| $10,000 over 2.3 years | $12,218Best | $11,691 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 30, 2020 | 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).
UMAY 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.
UMAY vs ZJUL Performance
Innovator U.S. Equity Ultra Buffer ETF - May (UMAY) 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 UMAY returned +8.83% while ZJUL returned +5.64%. Year to date, UMAY is up 6.64% versus a gain of 4.45% for ZJUL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ZJUL has been the more volatile fund, with annualized monthly volatility of 3.3% compared with 3.2% for UMAY. 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 -10.5% for UMAY 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
UMAY charges 0.79% per year while ZJUL charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, UMAY currently yields 0.00% against 0.00% for ZJUL.
Holdings Overlap
We hold position weights for 1 holding in UMAY and 1 in ZJUL, totalling 101.0% and 100.1% 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 UMAY and 1 in ZJUL, against full books of 24 and 21.
Top Shared Holdings
| Stock | Weight in UMAY | Weight in ZJUL | Difference |
|---|---|---|---|
| VOOVanguard S&P 500 ETF | 100.95% | 100.07% | 0.88% |
You are not choosing between two funds in isolation.
Whichever of UMAY 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, UMAY or ZJUL?
UMAY 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, UMAY or ZJUL?
Over the past year UMAY returned +8.83% vs +5.64% for ZJUL, so UMAY leads on 1-year performance. Over the longest common window we track (2 years), UMAY annualized +9.10% vs +7.03% for ZJUL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, UMAY or ZJUL?
ZJUL has been the more volatile fund at 3.3% annualized versus 3.2% for UMAY. Worst drawdown: UMAY -10.5% vs ZJUL -5.5%.
Should I hold both UMAY and ZJUL?
UMAY and ZJUL have a monthly-return correlation of 0.87, 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, UMAY or ZJUL?
UMAY yields 0.00% while ZJUL yields 0.00%, so ZJUL currently pays the higher dividend yield.
Is ZJUL better than UMAY?
UMAY 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.