JAJL vs TZA
Comparison between Innovator Equity Defined Protection ETF - 6mo Jan/Jul (JAJL, ETF) and DIREXION DAILY SMALL CAP BEAR 3X SHARES (TZA, ETF).
JAJL vs TZA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
JAJL
$249M
Winner
TZA
$249M
Expense Ratio
JAJL
0.79%
TZA
N/A
Max Drawdown
Winner
JAJL
2.16%
TZA
100.00%
Sharpe Ratio
Winner
JAJL
1.60
TZA
-1.58
5Y Beta
JAJL
0.11
Winner
TZA
0.00
5Y Dividends CAGR
JAJL
N/A
TZA
-7.48%
JAJL vs TZA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
JAJL
+0.61%
TZA
-18.15%
3M
Winner
JAJL
+2.38%
TZA
-42.73%
6M
Winner
JAJL
+2.97%
TZA
-41.96%
1Y
Winner
JAJL
+7.49%
TZA
-67.42%
5Y(CAGR)
JAJL
N/A
TZA
-30.65%
10Y(CAGR)
JAJL
N/A
TZA
-43.82%
Max(CAGR)
Winner
JAJL
+7.13%
TZA
-50.60%
JAJL vs TZA - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | JAJL | TZA |
|---|---|---|
| 2026 | +2.63% | -43.75% |
| 2025 | +6.60% | -40.14% |
| 2024 | +4.48% | -33.52% |
| 2023 | N/A | -42.13% |
| 2022 | N/A | +35.32% |
| 2021 | N/A | -52.86% |
| 2020 | N/A | -80.41% |
| 2019 | N/A | -52.45% |
| 2018 | N/A | +28.74% |
| 2017 | N/A | -37.30% |
| 2016 | N/A | -58.67% |
| 2015 | N/A | -7.71% |
| 2014 | N/A | -31.55% |
| 2013 | N/A | -65.56% |
| 2012 | N/A | -46.46% |
| 2011 | N/A | -40.32% |
| 2010 | N/A | -65.58% |
| 2009 | N/A | -78.57% |
| 2008 | N/A | -59.11% |
JAJL vs TZA Drawdown Comparison
The maximum drawdown for JAJL was -2.16%, occurring on Apr 7, 2025. Recovery took 61 trading sessions.
The maximum drawdown for TZA was -100.00%, occurring on Jun 15, 2026. This drawdown has not yet recovered.
The current TZA drawdown is -100.00%.
| Rank | JAJL | TZA |
|---|---|---|
| #1 | -2.16% Feb 19, 2025 - May 16, 2025 | -100.00% Nov 20, 2008 - Jun 15, 2026 |
| #2 | -1.31% Jul 16, 2024 - Aug 16, 2024 | N/A |
| #3 | -1.01% Feb 25, 2026 - Apr 9, 2026 | N/A |
| #4 | -0.90% Aug 30, 2024 - Sep 17, 2024 | N/A |
| #5 | -0.70% Jun 12, 2025 - Jun 24, 2025 | N/A |
| #6 | -0.65% May 16, 2025 - Jun 3, 2025 | N/A |
| #7 | -0.47% Oct 29, 2024 - Nov 6, 2024 | N/A |
| #8 | -0.45% Nov 12, 2025 - Nov 25, 2025 | N/A |
| #9 | -0.43% Jan 27, 2026 - Feb 6, 2026 | N/A |
| #10 | -0.41% Jan 16, 2026 - Jan 26, 2026 | N/A |
| #11 | -0.40% Jun 4, 2025 - Jun 6, 2025 | N/A |
| #12 | -0.33% Jan 6, 2025 - Jan 15, 2025 | N/A |
| #13 | -0.32% Jul 28, 2025 - Aug 8, 2025 | N/A |
| #14 | -0.32% Jun 4, 2026 - Jun 15, 2026 | N/A |
| #15 | -0.31% Feb 10, 2026 - Feb 25, 2026 | N/A |
Correlation
Correlation between JAJL and TZA is -0.89 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.89
-101
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