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ETFs

Innovator Premium Income 40 Barrier ETF - July

JULQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 30 2023
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$92,848
AUM
$8,138,000
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 06/13/2024
96.95%
n/a
SPX 06/28/2024 2625.59 P
12.85%
n/a
UNITED STATES TREAS BILLS 09/28/2023
1.38%
n/a
UNITED STATES TREAS BILLS 12/28/2023
1.37%
n/a
UNITED STATES TREAS BILLS 03/21/2024
1.35%
n/a
Cash & Other
0.11%
n/a
XSP 06/28/2024 267.01 P
-0.10%
n/a
SPX 06/28/2024 2670.1 P
-13.91%
Invest with JULQ

What is JULQ?

The Fund invests in FLexible Exchange Options (FLEX Options) that reference the S&P 500 Price Return Index (the U.S. Equity Index) and U.S. Treasury bills (U.S. Treasuries) to employ an income-oriented defined outcome strategy. Defined outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The outcomes sought by the Fund, which include the defined distributions and barrier discussed below (the Outcomes), are contingent on the performance of the U.S. Equity Index price return and the yield of the U.S. Treasuries over an approximately one-year period from April 1 through March 31 of the following year (the Outcome Period).

ETFs related toJULQ

ETFs correlated to JULQ include GAUG, XAUG, URTH

JULQ
Innovator ETFs Trust - Innovator Premium Income 40 Barrier ETF - July
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
SFY
Tidal ETF Trust - SoFi Select 500 ETF
DFUS
Dimensional ETF Trust - Dimensional U.S. Equity ETF
ESGU
iShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

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 toJULQ

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JULQ using Composer

FAQ

JULQ is a US Equities ETF. The Fund invests in FLexible Exchange Options (FLEX Options) that reference the S&P 500 Price Return Index (the U.S. Equity Index) and U.S. Treasury bills (U.S. Treasuries) to employ an income-oriented defined outcome strategy. Defined outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The outcomes sought by the Fund, which include the defined distributions and barrier discussed below (the Outcomes), are contingent on the performance of the U.S. Equity Index price return and the yield of the U.S. Treasuries over an approximately one-year period from April 1 through March 31 of the following year (the Outcome Period).

JULQ tracks the S&P 500 Index.

No, JULQ 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, JULQ 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 JULQ is 0.0056%. This is the percent change in the value of JULQ over the most recent 1-month period. The 3-month return on JULQ is %. This is the percent change in the value of JULQ over the most recent 3-month period.

ETFs similar to JULQ include SSO, IVV, and UAUG.

ETFs correlated to JULQ include GAUG, XAUG, and URTH.

ETFs that are inversely correlated to JULQ include SPXU, SPXS, and SDS.

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.