PJUL vs VOO
Innovator US Equity Power Buffer ETF - July vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PJUL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $1.2B | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 6 | 509 | |
| YTD Return | +7.42% | +14.48% | |
| 1Y Return | +11.43% | +22.02% | |
| 3Y Return (annualized) | +13.15% | +21.80% | |
| 5Y Return (annualized) | +10.69% | +13.36% | |
| Volatility (annualized) | 8.4% | 14.2% | |
| Max Drawdown | -18.2% | -34.3% | |
| Fund Family | Innovator ETFs Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 7, 2018 | Sep 7, 2010 |
PJUL vs VOO Performance
Innovator US Equity Power Buffer ETF - July (PJUL) is a ETF from Innovator ETFs Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PJUL returned +11.43% while VOO returned +22.02%. Year to date, PJUL is up 7.42% versus a gain of 14.48% for VOO.
Over three years, PJUL compounded at +13.15% per year against +21.80% for VOO; over five years the annualized figures are +10.69% and +13.36% respectively. Across the full 8-year window we track, VOO has the edge at +13.61% annualized vs +9.07%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 8.4% for PJUL. 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 -18.2% for PJUL and -34.3% for VOO. 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PJUL charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, PJUL currently yields 0.00% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, PJUL or VOO?
PJUL has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, PJUL or VOO?
Over the past year PJUL returned +11.43% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (8 years), PJUL annualized +9.07% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, PJUL or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 8.4% for PJUL. Worst drawdown: PJUL -18.2% vs VOO -34.3%.
Should I hold both PJUL and VOO?
PJUL and VOO have a monthly-return correlation of 0.94, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, PJUL or VOO?
PJUL yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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