NJUL vs SPY
Innovator Growth-100 Power Buffer 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 | NJUL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.09% | |
| AUM | $268M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +5.55% | +12.22% | |
| 1Y Return | +10.65% | +20.83% | |
| 3Y Return (annualized) | +14.58% | +21.70% | |
| 5Y Return (annualized) | +10.41% | +12.98% | |
| Volatility (annualized) | 9.5% | 15.3% | |
| Max Drawdown | -14.4% | -56.5% | |
| Fund Family | Innovator ETFs Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 30, 2020 | Jan 22, 1993 |
NJUL vs SPY Performance
Innovator Growth-100 Power Buffer ETF - July (NJUL) 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 NJUL returned +10.65% while SPY returned +20.83%. Year to date, NJUL is up 5.55% versus a gain of 12.22% for SPY.
Over three years, NJUL compounded at +14.58% per year against +21.70% for SPY; over five years the annualized figures are +10.41% and +12.98% respectively. Across the full 6-year window we track, NJUL has the edge at +10.62% annualized vs +8.79%. 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 9.5% for NJUL. 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 -14.4% for NJUL 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NJUL 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, NJUL currently yields 0.00% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, NJUL or SPY?
NJUL 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, NJUL or SPY?
Over the past year NJUL returned +10.65% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), NJUL annualized +10.62% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, NJUL or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.5% for NJUL. Worst drawdown: NJUL -14.4% vs SPY -56.5%.
Should I hold both NJUL and SPY?
NJUL and SPY have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, NJUL or SPY?
NJUL yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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