Skip to Content
ETFs

Innovator 20+ Year Treasury Bond 5 Floor ETF - July

TFJL
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Aug 18, 2020
Expense Ratio
0.79%
Type
US Bonds
Fund Owner
Innovator Management
Volume (1m avg. daily)
$157,633
AUM
$19,290,000
Associated Index
iShares 20+ Year Treasury Bond ETF
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
TLT 09/29/2023 0.26 C
93.45%
—
TLT 09/29/2023 97.86 P
6.51%
—
Cash & Other
0.04%
—
TLT 09/29/2023 113.31 C
-0.01%
Invest with TFJL
Trade TFJL Options

What is TFJL?

The Innovator 20+ Year Treasury Bond 5 Floor ETF seeks to provide the upside performance of the price return of the iShares 20+ Year Treasury Bond ETF (TLT). Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs. The Fund seeks to provide investors with returns that matchthe price returnof the iShares 20+ Year Treasury Bond ETF, up to the upside cap of 6.75% (prior to taking into account management feesand other fees) and 6.07% (after taking into account management feesand other fees) while providing a maximum loss of 5%of iShares 20+ Year Treasury Bond ETFlosses, over the period from August 18, 2020 to June 30, 2021.

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

TFJL
Performance Measures**

for the time period Aug 18, 2020 to Dec 4, 2025

Returns

1M Trailing Return: -1.3%

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

3M Trailing Return: 0.9%

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

Measures of Risk or Volatility

Max Drawdown: -25.4%

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

Standard Deviation: 9.1%

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: -0.41

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: -0.16

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

ETFs related toTFJL

ETFs correlated to TFJL include TLT, UBT, TMF

TFJL
Innovator ETFs Trust - Innovator 20+ Year Treasury Bond 5 Floor ETF - July
TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
UBT
ProShares Trust - ProShares Ultra 20+ Year Treasury 2x Shares
TMF
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bull 3X Shares
VGLT
Vanguard Group, Inc. - Vanguard Long-Term Treasury ETF
SPTL
SSgA Active Trust - SPDR Portfolio Long Term Treasury ETF
EDV
Vanguard Group, Inc. - Vanguard Extended Duration Treasury ETF
GOVI
Invesco Capital Management LLC - Invesco Equal Weight 0-30 Year Treasury ETF
SCHQ
Schwab Strategic Trust - Schwab US Long-Term U.S. Treasury ETF
ZROZ
Pimco Exchange Traded Fund - PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
TLH
BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond 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.

Trading Strategies
Related toTFJL

Coffee Can Filters and Stop

Category

Tactical allocation, trend-following, mean reversion, momentum, risk-managed, equities/ETFs, volatility-aware

OOS Cumulative Return

10.31%

Create your own algorithmic trading strategy with TFJL using Composer

FAQ

TFJL is a US Bonds ETF. The Innovator 20+ Year Treasury Bond 5 Floor ETF seeks to provide the upside performance of the price return of the iShares 20+ Year Treasury Bond ETF (TLT). Innovator Defined Outcome ETFs are the first ETFs that allow investors to take advantage of market growth while maintaining defined levels of buffers against loss. The ETFs are as tax-efficient as traditional ETFs. The Fund seeks to provide investors with returns that matchthe price returnof the iShares 20+ Year Treasury Bond ETF, up to the upside cap of 6.75% (prior to taking into account management feesand other fees) and 6.07% (after taking into account management feesand other fees) while providing a maximum loss of 5%of iShares 20+ Year Treasury Bond ETFlosses, over the period from August 18, 2020 to June 30, 2021.

TFJL tracks the iShares 20+ Year Treasury Bond ETF.

No, TFJL 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, TFJL 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 TFJL is -0.0039%. This is the percent change in the value of TFJL over the most recent 1-month period. The 3-month return on TFJL is -0.0553%. This is the percent change in the value of TFJL over the most recent 3-month period.

The standard deviation of TFJL for the past year is 0.1114%. 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 TFJL include TLTW, TBJL, and SHY.

ETFs correlated to TFJL include TLT, UBT, and TMF.

ETFs that are inversely correlated to TFJL include TTT, TMV, and TBT.

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.