ZJUL vs ZNOV
Innovator Equity Defined Protection ETF - 1 Yr July vs Innovator Equity Defined Protection ETF - 1 Yr November
Which is better, ZJUL or ZNOV?
Each has led over a different period.
ZJUL led over the full window, ZNOV over 1Y.
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 | ZJUL | ZNOV |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $194M | $105M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 21 | 15 |
| YTD Return | +4.45% | +5.16%Best |
| 1Y Return | +5.64% | +6.13%Best |
| Volatility (annualized) | 3.4% | 2.7%Best |
| Max Drawdown | -5.5% | -3.3%Best |
| $10,000 over 1.9 years | $11,315Best | $11,225 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 1, 2024 | Nov 1, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 1, 2024 to Oct 14, 2026 (1.9 years).
ZJUL vs ZNOV 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 1.9 years both funds cover.
ZJUL vs ZNOV Performance
Innovator Equity Defined Protection ETF - 1 Yr July (ZJUL) is an ETF from Innovator ETFs Trust and Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) is an ETF from Innovator ETFs Trust. Over the past year ZJUL returned +5.64% while ZNOV returned +6.13%. Year to date, ZJUL is up 4.45% versus a gain of 5.16% for ZNOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ZJUL has been the more volatile fund, with annualized monthly volatility of 3.4% compared with 2.7% for ZNOV. 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 -5.5% for ZJUL and -3.3% for ZNOV. 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
ZJUL charges 0.79% per year while ZNOV charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, ZJUL currently yields 0.00% against 0.00% for ZNOV.
You are not choosing between two funds in isolation.
Whichever of ZJUL and ZNOV 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, ZJUL or ZNOV?
ZJUL has an expense ratio of 0.79% while ZNOV charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, ZJUL or ZNOV?
Over the past year ZJUL returned +5.64% vs +6.13% for ZNOV, so ZNOV leads on 1-year performance. Over the longest common window we track (2 years), ZJUL annualized +6.72% vs +6.27% for ZNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ZJUL or ZNOV?
ZJUL has been the more volatile fund at 3.4% annualized versus 2.7% for ZNOV. Worst drawdown: ZJUL -5.5% vs ZNOV -3.3%.
Should I hold both ZJUL and ZNOV?
ZJUL and ZNOV 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, ZJUL or ZNOV?
ZJUL yields 0.00% while ZNOV yields 0.00%, so ZNOV currently pays the higher dividend yield.
Is ZNOV better than ZJUL?
ZJUL led over the full window, ZNOV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.