Skip to Content
ETFs

Innovator Growth-100 Power Buffer ETF - July

NJUL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 01 2020
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$243,931
AUM
$94,060,000
Associated Index
Nasdaq 100 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
QQQ 06/30/2023 2.8 C
100.18%
n/a
QQQ 06/30/2023 280.28 P
2.11%
n/a
Cash & Other
0.20%
n/a
QQQ 06/30/2023 238.24 P
-0.59%
n/a
QQQ 06/30/2023 335.86 C
-1.90%
Invest with NJUL

What is NJUL?

The Innovator Nasdaq-100 Power Buffer ETF seeks to track the price return of the Nasdaq 100 Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

ETFs related toNJUL

ETFs correlated to NJUL include QMAR, QQQ, QLD

NJUL
Innovator ETFs Trust - Innovator Growth-100 Power Buffer ETF - July
QMAR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - March
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQM
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toNJUL

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NJUL using Composer

FAQ

NJUL is a US Equities ETF. The Innovator Nasdaq-100 Power Buffer ETF seeks to track the price return of the Nasdaq 100 Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

NJUL tracks the Nasdaq 100 Index.

No, NJUL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, NJUL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NJUL is 0.0298%. This is the percent change in the value of NJUL over the most recent 1-month period. The 3-month return on NJUL is 0.0886%. This is the percent change in the value of NJUL over the most recent 3-month period.

The standard deviation of NJUL for the past year is 0.1674%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to NJUL include QRMI, QCLR, and NAPR.

ETFs correlated to NJUL include QMAR, QQQ, and QLD.

ETFs that are inversely correlated to NJUL include QID, SQQQ, and PSQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.