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ETFs

Innovator U.S. Equity Ultra Buffer ETF - July

UJUL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 08 2018
Expense Ratio
0.79%
Type
US Equities
Fund Owner
Innovator Management
Volume (1m avg. daily)
$418,832
AUM
$164,546,000
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 06/28/2024 4.42 C
97.13%
n/a
SPY 06/28/2024 421.12 P
3.75%
n/a
Cash & Other
0.21%
n/a
SPY 06/28/2024 288.13 P
-0.48%
n/a
SPY 06/28/2024 504.9 C
-0.62%
Invest with UJUL

What is UJUL?

The Innovator S&P 500 Ultra 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 losses from -5% to -35% over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. The Indices measures the performance of a portfolio of hypothetical exchange traded Flexible Exchange Options ("FLEX Options") that are based on the S&P 500 Index. Each series in the index is designed to track the returns of a hypothetical investment that over a period of approximately one year seeks to "buffer protect" against losses of 30% after the first 5% of losses due to a decline in the S&P 500 Index while providing participation up to a capped level. The capped level is determined on each annual roll date such that there is no premium or discount to enter into the hypothetical investment compared to an investment in the Index.

ETFs related toUJUL

ETFs correlated to UJUL include GAUG, DJUL, PJUL

UJUL
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - July
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
DJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - July
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
DSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - September
DMAY
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Deep Buffer ETF - May
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
USEP
Innovator ETFs Trust - Innovator U.S. Equity Ultra Buffer ETF - September
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares

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 toUJUL

#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 UJUL using Composer

FAQ

UJUL is a US Equities ETF. The Innovator S&P 500 Ultra 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 losses from -5% to -35% over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually. The Indices measures the performance of a portfolio of hypothetical exchange traded Flexible Exchange Options ("FLEX Options") that are based on the S&P 500 Index. Each series in the index is designed to track the returns of a hypothetical investment that over a period of approximately one year seeks to "buffer protect" against losses of 30% after the first 5% of losses due to a decline in the S&P 500 Index while providing participation up to a capped level. The capped level is determined on each annual roll date such that there is no premium or discount to enter into the hypothetical investment compared to an investment in the Index.

UJUL tracks the S&P 500 Index.

No, UJUL 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, UJUL 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 UJUL is -0.0062%. This is the percent change in the value of UJUL over the most recent 1-month period. The 3-month return on UJUL is -0.0077%. This is the percent change in the value of UJUL over the most recent 3-month period.

The standard deviation of UJUL for the past year is 0.0898%. 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 UJUL include SSO, IVV, and UPRO.

ETFs correlated to UJUL include GAUG, DJUL, and PJUL.

ETFs that are inversely correlated to UJUL include SDS, SH, and SPDN.

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.