Skip to Content
ETFs

Innovator U.S. Equity Power Buffer ETF - July

PJUL
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 8, 2018
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$2,771,742
AUM
$1,008,432,000
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
SPY 06/28/2024 4.43 C
96.82%
—
SPY 06/28/2024 443.28 P
5.32%
—
Cash & Other
0.22%
—
SPY 06/28/2024 506.62 C
-0.56%
—
SPY 06/28/2024 376.79 P
-1.79%
Invest with PJUL
Trade PJUL Options

What is PJUL?

The Innovator S&P 500 Power Buffer ETF is designed to track the return of the S&P 500 Price Return 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. The Fund seeks to provide investors with returns that match those of the S&P 500 Price Index, up to the upside cap of 8.11% (prior to taking into account management fees and other fees) and 7.40% (after taking into account management fees and other fees) while providing a buffer against the first 15% of S&P 500 Price Index losses, over the period from August 8, 2018 to June 30, 2019. The Fund invests at least 80% of its net assets in FLexible EXchange Options ( FLEX Options ) that reference the S&P 500 Price Return Index ( S&P 500 Price Index ). FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC ), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

PJUL
Performance Measures**

for the time period Aug 8, 2018 to Dec 4, 2025

Returns

1M Trailing Return: 0.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -18.2%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 10.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.88

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.48

The annualized return divided by the max drawdown for the selected time period.

ETFs related toPJUL

ETFs correlated to PJUL include BJUL, FJUL, DFUS

PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
FJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - July
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity 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.

FAQ

PJUL is a US Equities ETF. The Innovator S&P 500 Power Buffer ETF is designed to track the return of the S&P 500 Price Return 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. The Fund seeks to provide investors with returns that match those of the S&P 500 Price Index, up to the upside cap of 8.11% (prior to taking into account management fees and other fees) and 7.40% (after taking into account management fees and other fees) while providing a buffer against the first 15% of S&P 500 Price Index losses, over the period from August 8, 2018 to June 30, 2019. The Fund invests at least 80% of its net assets in FLexible EXchange Options ( FLEX Options ) that reference the S&P 500 Price Return Index ( S&P 500 Price Index ). FLEX Options are exchange-traded options contracts with uniquely customizable terms. Although guaranteed for settlement by the Options Clearing Corporation (the OCC ), FLEX Options are still subject to counterparty risk with the OCC and may be less liquid than more traditional exchange-traded options.

PJUL tracks the S&P 500 Index.

No, PJUL 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, PJUL 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 PJUL is -0.0024%. This is the percent change in the value of PJUL over the most recent 1-month period. The 3-month return on PJUL is 0.0177%. This is the percent change in the value of PJUL over the most recent 3-month period.

The standard deviation of PJUL for the past year is 0.1048%. 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 PJUL include SSO, IVV, and UPRO.

ETFs correlated to PJUL include BJUL, FJUL, and DFUS.

ETFs that are inversely correlated to PJUL include SH, SDS, and SPXS.

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.