TBJL vs UPW

Comparison between Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL, ETF) and PROSHARES ULTRA UTILITIES (UPW, ETF).

5-Year PerformanceUPW has outperformed TBJL, delivering a return of +10.9% compared to -4.4%

TBJL vs UPW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TBJL(ETF)	UPW(ETF)
Net Assets	$18M	$18M
Expense Ratio	0.79%	N/A
Max Drawdown	29.36%	79.48%
Sharpe Ratio	-0.81	0.40
5Y Beta	0.02	0.61
P/E Ratio	N/A	20.27
Forward P/E	N/A	18.82
PEG Ratio	N/A	0.82
5Y Dividends CAGR	N/A	25.55%
5Y EPS CAGR	N/A	13.01%
Debt to Equity	N/A	126.20%
P/S Ratio	N/A	2.93
P/B Ratio	N/A	2.35

Net Assets

Winner

TBJL

$18M

UPW

$18M

Expense Ratio

TBJL

0.79%

UPW

N/A

Max Drawdown

Winner

TBJL

29.36%

UPW

79.48%

Sharpe Ratio

TBJL

-0.81

Winner

UPW

0.40

5Y Beta

Winner

TBJL

0.02

UPW

0.61

P/E Ratio

TBJL

N/A

UPW

20.27

Forward P/E

TBJL

N/A

UPW

18.82

PEG Ratio

TBJL

N/A

UPW

0.82

5Y Dividends CAGR

TBJL

N/A

UPW

25.55%

5Y EPS CAGR

TBJL

N/A

UPW

13.01%

Debt to Equity

TBJL

N/A

UPW

126.20%

P/S Ratio

TBJL

N/A

UPW

2.93

P/B Ratio

TBJL

N/A

UPW

2.35

TBJL vs UPW - Historical Returns

Returns include dividend reinvestment.

Period	TBJL	UPW
1 month	-3.45%	-0.16%
3 months	-3.60%	-1.29%
6 months	-3.89%	+7.21%
1 year	-1.69%	+11.11%
5 years(CAGR)	-4.41%	+10.94%
10 years(CAGR)	N/A	+9.48%
Max(CAGR)	-4.45%	+9.69%

TBJL

-3.45%

Winner

UPW

-0.16%

TBJL

-3.60%

Winner

UPW

-1.29%

TBJL

-3.89%

Winner

UPW

+7.21%

TBJL

-1.69%

Winner

UPW

+11.11%

5Y(CAGR)

TBJL

-4.41%

Winner

UPW

+10.94%

10Y(CAGR)

TBJL

N/A

UPW

+9.48%

Max(CAGR)

TBJL

-4.45%

Winner

UPW

+9.69%

TBJL vs UPW - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	TBJL	UPW
2026	-3.87%	+5.95%
2025	+1.39%	+21.51%
2024	-2.69%	+33.90%
2023	+2.73%	-22.32%
2022	-19.88%	-2.69%
2021	-0.52%	+39.41%
2020	-1.92%	-14.91%
2019	N/A	+53.17%
2018	N/A	+4.02%
2017	N/A	+23.11%
2016	N/A	+32.68%
2015	N/A	-13.24%
2014	N/A	+60.35%
2013	N/A	+25.28%
2012	N/A	+2.09%
2011	N/A	+33.79%
2010	N/A	+10.71%
2009	N/A	+14.29%
2008	N/A	-58.09%
2007	N/A	+26.28%

TBJL vs UPW 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 UPW was -77.75%, occurring on Mar 9, 2009. Recovery took 1557 trading sessions.

The current TBJL drawdown is -23.63%. The current UPW drawdown is -12.33%.

Rank	TBJL	UPW
#1	-29.36% Aug 18, 2020 - Oct 20, 2023	-77.75% Dec 10, 2007 - Feb 18, 2014
#2	N/A	-62.67% Feb 18, 2020 - Apr 1, 2022
#3	N/A	-49.41% Sep 12, 2022 - Sep 30, 2024
#4	N/A	-31.05% Jan 29, 2015 - Mar 16, 2016
#5	N/A	-29.26% Apr 8, 2022 - Aug 15, 2022
#6	N/A	-26.93% Nov 14, 2017 - Dec 3, 2018
#7	N/A	-25.06% May 21, 2007 - Dec 5, 2007
#8	N/A	-24.64% Jul 6, 2016 - May 23, 2017
#9	N/A	-22.91% Nov 27, 2024 - Jul 21, 2025
#10	N/A	-19.15% Feb 27, 2026 - Jun 1, 2026
#11	N/A	-18.94% Oct 15, 2025 - Feb 24, 2026
#12	N/A	-18.13% Jun 30, 2014 - Oct 24, 2014
#13	N/A	-17.57% Dec 13, 2018 - Feb 22, 2019
#14	N/A	-12.37% Oct 16, 2024 - Nov 26, 2024
#15	N/A	-11.25% Sep 26, 2019 - Jan 15, 2020

Correlation

Correlation between TBJL and UPW is -0.35 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.35

-101