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ETFs

Innovator 20+ Year Treasury Bond 9 Buffer ETF - July

TBJL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 18 2020
Expense Ratio
0.79%
Type
US Bonds
Fund Owner
Innovator Management
Volume (1m avg. daily)
$229,984
AUM
$82,867,500
Associated Index
iShares 20+ Year Treasury Bond ETF
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
TLT 06/28/2024 1.03 C
93.96%
n/a
TLT 06/28/2024 103.01 P
11.44%
n/a
Cash & Other
0.22%
n/a
TLT 06/28/2024 120.62 C
-0.38%
n/a
TLT 06/28/2024 93.74 P
-5.25%
Invest with TBJL

What is TBJL?

The Innovator 20+ Year Treasury Bond 9 Buffer 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 9.25% (prior to taking into account management feesand other fees) and 8.57% (after taking into account management feesand other fees) while providing a buffer against the first 9% of iShares 20+ Year Treasury Bond ETFlosses, over the period from August 18,2020 to June 30, 2021.

ETFs related toTBJL

ETFs correlated to TBJL include SPTL, TLT, UBT

TBJL
Innovator ETFs Trust - Innovator 20+ Year Treasury Bond 9 Buffer ETF - July
SPTL
SSgA Active Trust - SPDR Portfolio Long Term Treasury ETF
TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
UBT
ProShares Trust - ProShares Ultra 20+ Year Treasury 2x Shares
EDV
Vanguard Group, Inc. - Vanguard Extended Duration Treasury ETF
TMF
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bull 3X Shares
VGLT
Vanguard Group, Inc. - Vanguard Long-Term 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
GOVI
Invesco Capital Management LLC - Invesco Equal Weight 0-30 Year Treasury 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
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Create your own algorithmic trading strategy with TBJL using Composer

FAQ

TBJL is a US Bonds ETF. The Innovator 20+ Year Treasury Bond 9 Buffer 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 9.25% (prior to taking into account management feesand other fees) and 8.57% (after taking into account management feesand other fees) while providing a buffer against the first 9% of iShares 20+ Year Treasury Bond ETFlosses, over the period from August 18,2020 to June 30, 2021.

TBJL tracks the iShares 20+ Year Treasury Bond ETF.

No, TBJL 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, TBJL 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 TBJL is -0.0411%. This is the percent change in the value of TBJL over the most recent 1-month period. The 3-month return on TBJL is -0.1011%. This is the percent change in the value of TBJL over the most recent 3-month period.

The standard deviation of TBJL for the past year is 0.133%. 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 TBJL include TLTW, TFJL, and SHY.

ETFs correlated to TBJL include SPTL, TLT, and UBT.

ETFs that are inversely correlated to TBJL include TBF, TBT, and TTT.

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.