TBJL vs PALU
Comparison between Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL, ETF) and Direxion Daily PANW Bull 2X Shares (PALU, ETF).
TBJL vs PALU - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TBJL
$23M
PALU
$23M
Expense Ratio
TBJL
0.79%
PALU
N/A
Max Drawdown
Winner
TBJL
29.36%
PALU
64.97%
Sharpe Ratio
TBJL
-0.70
Winner
PALU
0.94
5Y Beta
Winner
TBJL
0.01
PALU
2.25
TBJL vs PALU - Historical Returns
Returns include dividend reinvestment.
1M
TBJL
+0.18%
Winner
PALU
+61.27%
3M
TBJL
-0.58%
Winner
PALU
+151.05%
6M
TBJL
-0.50%
Winner
PALU
+81.79%
1Y
TBJL
-0.60%
Winner
PALU
+54.11%
5Y(CAGR)
TBJL
-3.53%
PALU
N/A
Max(CAGR)
TBJL
-3.97%
Winner
PALU
+50.21%
TBJL vs PALU - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | TBJL | PALU |
|---|---|---|
| 2026 | -0.56% | +109.12% |
| 2025 | +1.39% | -17.48% |
| 2024 | -2.69% | N/A |
| 2023 | +2.73% | N/A |
| 2022 | -19.88% | N/A |
| 2021 | -0.52% | N/A |
| 2020 | -1.92% | N/A |
TBJL vs PALU Drawdown Comparison
The maximum drawdown for TBJL was -29.36%, occurring on Oct 20, 2023. This drawdown has not yet recovered.
The maximum drawdown for PALU was -62.11%, occurring on Feb 24, 2026. Recovery took 137 trading sessions.
The current TBJL drawdown is -21.00%. The current PALU drawdown is -14.70%.
| Rank | TBJL | PALU |
|---|---|---|
| #1 | -29.36% Aug 18, 2020 - Oct 20, 2023 | -62.11% Oct 28, 2025 - May 15, 2026 |
| #2 | N/A | -36.07% Jul 9, 2025 - Oct 6, 2025 |
| #3 | N/A | -33.38% Mar 26, 2025 - May 12, 2025 |
| #4 | N/A | -25.68% Jun 1, 2026 - Jun 9, 2026 |
| #5 | N/A | -14.08% May 20, 2025 - Jun 3, 2025 |
| #6 | N/A | -11.41% Oct 8, 2025 - Oct 27, 2025 |
| #7 | N/A | -9.28% May 22, 2026 - May 29, 2026 |
| #8 | N/A | -7.13% Jun 30, 2025 - Jul 9, 2025 |
| #9 | N/A | -5.80% May 18, 2026 - May 21, 2026 |
| #10 | N/A | -5.47% Jun 6, 2025 - Jun 17, 2025 |
| #11 | N/A | -3.76% Jun 25, 2025 - Jun 30, 2025 |
| #12 | N/A | -3.21% Jun 3, 2025 - Jun 6, 2025 |
| #13 | N/A | -2.92% Jun 17, 2025 - Jun 23, 2025 |
| #14 | N/A | -2.40% May 12, 2025 - May 19, 2025 |
| #15 | N/A | -1.58% Oct 6, 2025 - Oct 8, 2025 |
Correlation
Correlation between TBJL and PALU is -0.19 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.19
-101
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