JULH vs SPY
Innovator Premium Income 20 Barrier ETF - July vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | JULH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $16M | $821.1B | |
| Dividend Yield | 4.77% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | +1.06% | +14.24% | |
| 1Y Return | +1.76% | +21.71% | |
| 3Y Return (annualized) | +5.60% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 2.4% | 15.3% | |
| Max Drawdown | -14.5% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 3, 2023 | Jan 22, 1993 |
JULH vs SPY Performance
Innovator Premium Income 20 Barrier ETF - July (JULH) is a ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JULH returned +1.76% while SPY returned +21.71%. Year to date, JULH is up 1.06% versus a gain of 14.24% for SPY.
Over three years, JULH compounded at +5.60% per year against +22.10% for SPY. Across the full 3-year window we track, SPY has the edge at +8.86% annualized vs +0.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 2.4% for JULH. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.5% for JULH and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JULH charges 0.79% per year while SPY charges 0.09%. On a $10,000 position that is $79 vs $9 annually, a gap of $70 per year that compounds over a long holding period. On income, JULH currently yields 4.77% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, JULH or SPY?
JULH has an expense ratio of 0.79% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $70 per year of difference.
Which performed better, JULH or SPY?
Over the past year JULH returned +1.76% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), JULH annualized +0.51% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, JULH or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 2.4% for JULH. Worst drawdown: JULH -14.5% vs SPY -56.5%.
Should I hold both JULH and SPY?
JULH and SPY have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, JULH or SPY?
JULH yields 4.77% while SPY yields 1.01%, so JULH currently pays the higher dividend yield.
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