Uses options on the SPDR S&P 500 ETF Trust to cap gains and protect against losses over a two-year period ending July 2026. The cap and the protection apply in full only to shares held for that whole period.
AJUL, the Innovator Equity Defined Protection ETF - 2 Yr to July 2028, is a $98 million ETF whose main story is the fear layer. Over the past year it returned +5.8%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
FRI OCT 2 MARKET PRICE TOTAL RETURN
How closely it moves With the market 0.94
−1 opposite 0 unrelated +1 in step
AJUL moves closely with the market. When the market has moved 1%, AJUL has tended to move 0.27%.
With The fear layer 0.95
−1 opposite 0 unrelated +1 in step
AJUL moves closely with the fear layer. When the fear layer has moved 1%, AJUL has tended to move 0.59%.
Weekly returns over 117 weeks. The narrative is measured without AJUL in it, so it is not compared with itself.
ETFs it moves most and least like ← moves opposite moves in step →
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in The fear layer -60% -40% -20% 0% +20% +40% 0% 20% 40% 60% Volatility, last year → AAPR: +6.7%, volatility 2.5% ACEI: +6.2%, volatility 13.3% ACII: +9.1%, volatility 6.6% AHLT: +30.1%, volatility 17.4% AIOO: +3.8%, volatility 2.1% AJAN: +4.0%, volatility 2.6% AOCT: +5.9%, volatility 2.5% APOC: +2.9%, volatility 2.7% APRH: +7.8%, volatility 2.1% APRJ: +6.2%, volatility 1.6% APRP: +15.2%, volatility 9.4% APRT: +15.8%, volatility 5.2% APRW: +10.8%, volatility 2.8% APRZ: +10.2%, volatility 11.3% APXM: +5.0%, volatility 1.5% ARLU: +9.0%, volatility 12.1% ASMF: +18.4%, volatility 12.0% AUGM: +5.4%, volatility 2.3% AUGP: +11.9%, volatility 7.4% AUGT: +12.7%, volatility 7.2% AUGU: +10.9%, volatility 11.0% AUGW: +8.9%, volatility 4.4% AUGZ: +11.0%, volatility 10.7% BALT: +6.6%, volatility 2.4% BAPR: +16.9%, volatility 5.9% BAUG: +13.2%, volatility 7.7% BDEC: +14.3%, volatility 9.2% BFEB: +14.7%, volatility 8.4% BFRZ: +2.8%, volatility 6.1% BJAN: +14.5%, volatility 8.2% BJUL: +12.2%, volatility 7.6% BJUN: +8.9%, volatility 7.5% BMAR: +15.0%, volatility 7.8% BMAY: +11.1%, volatility 6.5% BNOV: +13.5%, volatility 9.4% BOCT: +14.3%, volatility 8.4% BSEP: +12.4%, volatility 7.7% BSTP: +10.7%, volatility 8.6% BTAL: -21.3%, volatility 23.7% BUFB: +12.9%, volatility 7.9% BUFC: +7.0%, volatility 4.5% BUFD: +10.4%, volatility 5.3% BUFF: +10.5%, volatility 5.3% BUFG: +11.6%, volatility 7.7% BUFH: +5.6%, volatility 2.4% BUFM: +7.1%, volatility 6.5% BUFP: +12.3%, volatility 6.5% BUFQ: +16.6%, volatility 9.2% BUFR: +12.5%, volatility 6.7% BUFS: +10.2%, volatility 8.0% BUFT: +9.4%, volatility 3.4% BUFX: +9.0%, volatility 4.1% BUFZ: +10.5%, volatility 5.3% CAIE: +12.2%, volatility 11.6% CCOR: -2.8%, volatility 8.6% CPII: +3.9%, volatility 3.4% CPNJ: +4.6%, volatility 2.7% CPNM: +6.0%, volatility 2.0% CPNQ: +6.7%, volatility 2.8% CPNS: +6.0%, volatility 2.3% CPRA: +6.4%, volatility 1.9% CPRJ: +3.8%, volatility 2.5% CPRO: +7.3%, volatility 2.7% CPRY: +8.3%, volatility 3.8% CPSA: +5.7%, volatility 2.2% CPSD: +6.3%, volatility 2.4% CPSF: +5.9%, volatility 2.1% CPSJ: +5.2%, volatility 2.2% CPSL: +5.5%, volatility 2.3% CPSM: +4.7%, volatility 1.7% CPSN: +6.2%, volatility 2.2% CPSO: +5.9%, volatility 2.1% CPSP: +5.9%, volatility 1.3% CPSR: +5.5%, volatility 1.8% CPST: +5.2%, volatility 2.1% CPSU: +4.7%, volatility 2.2% CPSY: +5.9%, volatility 2.1% CTA: +11.4%, volatility 24.5% DAPR: +8.2%, volatility 3.7% DAUG: +9.4%, volatility 5.6% DBMF: +26.0%, volatility 13.2% DDEC: +11.5%, volatility 5.8% DDFL: +7.0%, volatility 3.5% DDFO: +8.3%, volatility 4.1% DDFS: +7.2%, volatility 3.8% DDTL: +9.8%, volatility 5.8% DDTO: +11.9%, volatility 6.6% DDTS: +10.1%, volatility 6.3% DECM: +6.3%, volatility 2.3% DECP: +14.1%, volatility 10.7% DECT: +14.2%, volatility 9.0% DECU: +10.2%, volatility 10.3% DECW: +10.8%, volatility 5.4% DECZ: +11.3%, volatility 10.7% DFEB: +11.2%, volatility 5.3% DHDG: +14.6%, volatility 6.0% DHSB: +8.4%, volatility 6.7% DJAN: +10.8%, volatility 5.8% DJUL: +10.0%, volatility 5.4% DJUN: +7.9%, volatility 5.0% DLAG: +10.2%, volatility 6.0% DMAR: +12.4%, volatility 3.7% DMAX: +6.5%, volatility 2.2% DMAY: +8.6%, volatility 5.7% DNOV: +12.6%, volatility 5.4% DOCT: +11.2%, volatility 5.5% DSEP: +10.9%, volatility 5.9% EALT: +5.9%, volatility 8.0% FAPR: +10.4%, volatility 5.2% FAUG: +11.3%, volatility 7.1% FB: +12.4%, volatility 4.8% FBUF: +12.6%, volatility 8.6% FDEC: +13.9%, volatility 7.7% FEBM: +6.1%, volatility 2.2% FEBP: +13.2%, volatility 10.6% FEBT: +14.2%, volatility 7.9% FEBU: +10.4%, volatility 10.4% FEBW: +9.9%, volatility 4.8% FEBZ: +10.5%, volatility 10.1% FFEB: +13.8%, volatility 7.2% FFUT: +25.2%, volatility 12.7% FHDG: +13.1%, volatility 6.1% FHEQ: +10.4%, volatility 10.3% FJAN: +13.2%, volatility 7.5% FJUL: +12.2%, volatility 6.9% FJUN: +9.8%, volatility 6.5% FLAO: +2.9%, volatility 5.7% FLJJ: +10.4%, volatility 4.9% FMAR: +15.7%, volatility 5.2% FMAY: +10.2%, volatility 7.1% FMF: +13.1%, volatility 9.7% FNOV: +13.9%, volatility 7.5% FOCT: +14.0%, volatility 7.9% FSEP: +13.4%, volatility 7.6% GAPR: +8.8%, volatility 3.7% GAUG: +9.4%, volatility 5.6% GDEC: +11.4%, volatility 5.9% GFEB: +11.3%, volatility 5.5% GJAN: +10.9%, volatility 5.9% GJUL: +10.3%, volatility 5.5% GJUN: +8.4%, volatility 4.9% GMAR: +13.0%, volatility 4.0% GMAY: +8.9%, volatility 5.8% GNOV: +12.9%, volatility 5.7% GOCT: +11.6%, volatility 5.9% GSEP: +10.9%, volatility 6.1% HEQT: +11.5%, volatility 7.3% HFMF: +9.8%, volatility 17.0% HIDE: +8.8%, volatility 4.9% IMF: +22.0%, volatility 10.7% ISMF: +16.1%, volatility 8.3% IVVB: +9.9%, volatility 7.9% IVVM: +11.7%, volatility 7.5% JAJL: +5.8%, volatility 2.0% JANH: +6.6%, volatility 3.5% JANJ: +5.2%, volatility 2.6% JANM: +6.2%, volatility 2.4% JANP: +13.0%, volatility 7.8% JANT: +13.9%, volatility 7.8% JANU: +10.6%, volatility 10.8% JANW: +9.7%, volatility 4.7% JANZ: +11.3%, volatility 10.6% JNEU: +12.1%, volatility 10.8% JULH: +6.3%, volatility 2.4% JULJ: +5.2%, volatility 1.7% JULM: +5.4%, volatility 2.1% JULP: +11.0%, volatility 7.1% JULT: +11.7%, volatility 7.1% JULU: +11.1%, volatility 10.9% JULW: +8.3%, volatility 4.4% JULZ: +11.5%, volatility 11.2% JUNM: +4.8%, volatility 1.9% JUNP: +8.6%, volatility 9.3% JUNT: +8.9%, volatility 7.2% JUNW: +6.9%, volatility 4.5% JUNZ: +11.5%, volatility 10.6% KAPR: +15.5%, volatility 6.3% KAUG: +9.1%, volatility 7.3% KBUF: -22.4%, volatility 13.1% KDEC: +10.8%, volatility 8.9% KFEB: +14.5%, volatility 10.3% KJAN: +13.0%, volatility 9.7% KJUL: +6.4%, volatility 7.2% KJUN: +6.5%, volatility 7.0% KMAR: +14.1%, volatility 8.8% KMAY: +7.7%, volatility 6.7% KMLM: +22.5%, volatility 12.7% KNOV: +14.3%, volatility 10.1% KOCT: +14.3%, volatility 8.6% KPRO: -13.7%, volatility 8.6% KSEP: +11.8%, volatility 8.4% KSPY: +13.2%, volatility 7.8% LAPR: +6.2%, volatility 1.4% LJAN: +5.1%, volatility 2.4% LJUL: +5.2%, volatility 1.6% LOCT: +5.5%, volatility 2.1% MARM: +6.2%, volatility 1.6% MART: +14.4%, volatility 7.2% MARU: +10.0%, volatility 11.1% MARW: +9.8%, volatility 4.3% MARZ: +10.6%, volatility 10.5% MAXJ: +6.4%, volatility 2.5% MAYM: +4.8%, volatility 2.1% MAYP: +10.3%, volatility 5.6% MAYT: +10.8%, volatility 5.9% MAYU: +11.8%, volatility 11.9% MAYW: +8.0%, volatility 3.8% MAYZ: +11.7%, volatility 11.1% MFUT: +27.6%, volatility 16.0% MMAX: +6.6%, volatility 1.4% MRCP: +13.4%, volatility 7.3% NAPR: +15.8%, volatility 4.8% NAUG: +15.6%, volatility 7.5% NDEC: +14.7%, volatility 8.0% NFEB: +14.9%, volatility 7.8% NJAN: +14.2%, volatility 7.4% NJUL: +10.9%, volatility 8.3% NJUN: +9.1%, volatility 8.7% NMAR: +15.3%, volatility 6.9% NMAY: +11.5%, volatility 6.6% NNOV: +14.5%, volatility 9.1% NOCT: +13.9%, volatility 8.0% NOVM: +6.6%, volatility 2.0% NOVP: +12.8%, volatility 8.3% NOVZ: +10.8%, volatility 10.0% NSEP: +13.3%, volatility 7.1% NVBT: +13.2%, volatility 8.7% NVBU: +10.3%, volatility 10.1% NVBW: +10.1%, volatility 5.4% OCTH: +7.0%, volatility 3.6% OCTJ: +5.8%, volatility 2.7% OCTM: +6.3%, volatility 2.3% OCTP: +13.3%, volatility 9.5% OCTT: +14.1%, volatility 8.0% OCTU: +10.3%, volatility 10.2% OCTW: +9.7%, volatility 4.9% OCTZ: +11.4%, volatility 10.7% ONEZ: +9.9%, volatility 9.7% OOSP: +4.7%, volatility 3.8% OVLH: +8.6%, volatility 9.3% PAPR: +12.7%, volatility 3.5% PAUG: +10.3%, volatility 5.4% PBAP: +11.6%, volatility 3.4% PBAU: +9.4%, volatility 4.8% PBDE: +10.9%, volatility 5.6% PBFB: +10.1%, volatility 4.9% PBFR: +9.7%, volatility 4.4% PBJA: +9.9%, volatility 4.7% PBJL: +8.7%, volatility 4.5% PBJN: +7.2%, volatility 4.8% PBMR: +10.1%, volatility 4.4% PBMY: +8.2%, volatility 3.9% PBNV: +10.4%, volatility 5.5% PBOC: +10.1%, volatility 5.1% PBQQ: +15.6%, volatility 7.9% PBSE: +8.6%, volatility 4.5% PDEC: +12.4%, volatility 6.7% PFEB: +11.3%, volatility 5.9% PHDG: +12.5%, volatility 11.8% PJAN: +11.1%, volatility 5.9% PJUL: +9.3%, volatility 5.4% PJUN: +7.4%, volatility 5.5% PMAP: +6.3%, volatility 1.2% PMAR: +11.6%, volatility 5.4% PMAU: +6.0%, volatility 2.3% PMAY: +8.9%, volatility 4.7% PMFB: +6.1%, volatility 2.0% PMJA: +6.0%, volatility 2.0% PMJL: +5.6%, volatility 2.1% PMJN: +4.8%, volatility 2.2% PMMR: +5.7%, volatility 1.7% PMMY: +5.0%, volatility 1.5% PMOC: +6.2%, volatility 2.1% PMSE: +5.6%, volatility 2.2% PNOV: +11.4%, volatility 6.7% POCT: +11.4%, volatility 6.2% PQAP: +18.4%, volatility 5.5% PQJA: +16.9%, volatility 8.8% PQJL: +12.5%, volatility 9.6% PQOC: +16.1%, volatility 9.1% PSCJ: +9.5%, volatility 5.5% PSCQ: +11.5%, volatility 5.9% PSCW: +12.2%, volatility 3.9% PSCX: +11.2%, volatility 5.6% PSEP: +9.6%, volatility 5.6% PSFD: +13.1%, volatility 7.1% PSFF: +11.3%, volatility 5.8% PSFJ: +11.2%, volatility 6.3% PSFM: +14.8%, volatility 4.3% PSFO: +13.5%, volatility 7.4% PSMD: +11.3%, volatility 5.8% PSMJ: +9.7%, volatility 5.6% PSMO: +11.7%, volatility 6.2% PSMR: +12.7%, volatility 3.8% PSTP: +8.0%, volatility 6.8% PVEX: +9.7%, volatility 13.8% QB: +20.3%, volatility 7.3% QBSF: +7.2%, volatility 3.0% QBUF: +7.6%, volatility 6.6% QCAP: +9.7%, volatility 4.5% QCJA: +11.8%, volatility 6.1% QCJL: +12.3%, volatility 6.2% QCOC: +11.6%, volatility 6.3% QDEC: +18.7%, volatility 10.5% QFLR: +9.3%, volatility 14.1% QGRD: +14.2%, volatility 15.2% QIS: -39.5%, volatility 43.5% QJUN: +10.8%, volatility 9.9% QMAG: +13.8%, volatility 7.3% QMAR: +19.5%, volatility 7.1% QMFE: +15.4%, volatility 7.3% QMMY: +10.9%, volatility 8.4% QMNV: +15.9%, volatility 7.2% QSPT: +17.9%, volatility 10.2% QTAP: +21.8%, volatility 6.6% QTJA: +19.1%, volatility 11.4% QTJL: +15.0%, volatility 12.6% QTOC: +18.6%, volatility 12.9% RB: +14.8%, volatility 6.3% RBUF: +8.3%, volatility 6.2% RFLR: +14.0%, volatility 12.4% RSDE: +9.3%, volatility 7.4% RSJN: +9.7%, volatility 6.9% RSMR: +10.5%, volatility 6.3% RSSE: +10.0%, volatility 6.9% SAUG: +8.8%, volatility 7.5% SBAR: +9.0%, volatility 8.4% SEPM: +6.2%, volatility 2.5% SEPP: +11.1%, volatility 7.8% SEPT: +11.9%, volatility 7.3% SEPU: +11.4%, volatility 10.8% SEPW: +8.3%, volatility 4.6% SEPZ: +11.8%, volatility 10.8% SFEB: +13.3%, volatility 8.9% SFLR: +9.1%, volatility 10.0% SFTY: +16.1%, volatility 12.4% SHUS: +9.8%, volatility 10.1% SIXD: +11.4%, volatility 6.6% SIXF: +13.7%, volatility 6.4% SIXJ: +12.4%, volatility 6.1% SIXO: +8.2%, volatility 5.2% SIXP: +12.5%, volatility 6.3% SIXZ: +11.6%, volatility 6.8% SMAX: +7.4%, volatility 2.6% SMAY: +9.7%, volatility 7.4% SNOV: +10.2%, volatility 9.6% SPBU: +10.6%, volatility 10.5% SPBW: +9.3%, volatility 4.3% SPBX: +11.4%, volatility 5.8% SPD: +6.9%, volatility 13.7% SPYC: +8.1%, volatility 16.4% SQMX: +7.1%, volatility 3.9% STEN: +14.1%, volatility 9.1% TAIL: -15.1%, volatility 8.4% TAPR: +4.8%, volatility 2.1% TFPN: +20.5%, volatility 16.4% THEQ: +9.2%, volatility 9.5% TJAN: +5.9%, volatility 2.7% TJUL: +4.7%, volatility 2.7% TOCT: +3.5%, volatility 2.8% TRIO: +1.1%, volatility 10.5% TWOX: +12.8%, volatility 11.4% UAPR: +11.8%, volatility 3.4% UAUG: +9.7%, volatility 5.2% UDEC: +11.8%, volatility 6.3% UFEB: +10.7%, volatility 5.4% UJAN: +10.5%, volatility 5.3% UJUL: +8.9%, volatility 5.4% UJUN: +7.0%, volatility 5.2% UMAR: +11.0%, volatility 5.1% UMAY: +8.4%, volatility 4.4% UNOV: +10.6%, volatility 6.1% UOCT: +10.7%, volatility 5.6% USEP: +8.9%, volatility 5.2% UXAP: +15.5%, volatility 14.9% UXJA: +15.7%, volatility 14.8% UXJL: +15.4%, volatility 14.8% UXOC: +15.2%, volatility 14.6% VIXM: -18.7%, volatility 18.0% VIXY: -48.5%, volatility 56.3% WTMF: +15.1%, volatility 10.6% WTPI: +11.6%, volatility 9.5% XAPR: +7.8%, volatility 2.8% XAUG: +8.2%, volatility 4.4% XBAP: +13.8%, volatility 3.6% XBJA: +10.9%, volatility 5.9% XBJL: +9.9%, volatility 5.3% XBOC: +11.2%, volatility 6.4% XDEC: +9.3%, volatility 4.7% XDQQ: +9.1%, volatility 17.2% XDSQ: +12.6%, volatility 11.4% XFEB: +9.5%, volatility 4.5% XIDE: +6.6%, volatility 2.8% XIJN: +6.4%, volatility 2.0% XIMR: +7.8%, volatility 2.0% XISE: +6.5%, volatility 2.9% XJAN: +9.1%, volatility 4.8% XJUL: +8.8%, volatility 4.3% XJUN: +7.7%, volatility 3.8% XMAR: +11.3%, volatility 3.1% XMAY: +8.0%, volatility 4.1% XNOV: +10.6%, volatility 4.3% XOCT: +9.6%, volatility 4.6% XSEP: +9.3%, volatility 4.9% XTAP: +18.2%, volatility 4.9% XTJA: +14.5%, volatility 8.4% XTJL: +12.6%, volatility 7.8% XTOC: +14.5%, volatility 9.2% XUSP: +15.7%, volatility 17.5% ZALT: +8.5%, volatility 4.4% ZAPR: +6.2%, volatility 1.5% ZAUG: +5.8%, volatility 2.5% ZDEK: +6.4%, volatility 2.5% ZFEB: +5.7%, volatility 2.1% ZJAN: +5.8%, volatility 2.0% ZJUL: +5.1%, volatility 2.4% ZJUN: +4.9%, volatility 2.4% ZMAR: +6.1%, volatility 2.1% ZMAY: +5.2%, volatility 1.8% ZNOV: +6.0%, volatility 2.5% ZOCT: +6.0%, volatility 2.1% ZSEP: +5.2%, volatility 2.4% AJUL -60% -40% -20% 0% +20% +40% 0% 20% 40% 60% Volatility, last year → AAPR: +6.7%, volatility 2.5% ACEI: +6.2%, volatility 13.3% ACII: +9.1%, volatility 6.6% AHLT: +30.1%, volatility 17.4% AIOO: +3.8%, volatility 2.1% AJAN: +4.0%, volatility 2.6% AOCT: +5.9%, volatility 2.5% APOC: +2.9%, volatility 2.7% APRH: +7.8%, volatility 2.1% APRJ: +6.2%, volatility 1.6% APRP: +15.2%, volatility 9.4% APRT: +15.8%, volatility 5.2% APRW: +10.8%, volatility 2.8% APRZ: +10.2%, volatility 11.3% APXM: +5.0%, volatility 1.5% ARLU: +9.0%, volatility 12.1% ASMF: +18.4%, volatility 12.0% AUGM: +5.4%, volatility 2.3% AUGP: +11.9%, volatility 7.4% AUGT: +12.7%, volatility 7.2% AUGU: +10.9%, volatility 11.0% AUGW: +8.9%, volatility 4.4% AUGZ: +11.0%, volatility 10.7% BALT: +6.6%, volatility 2.4% BAPR: +16.9%, volatility 5.9% BAUG: +13.2%, volatility 7.7% BDEC: +14.3%, volatility 9.2% BFEB: +14.7%, volatility 8.4% BFRZ: +2.8%, volatility 6.1% BJAN: +14.5%, volatility 8.2% BJUL: +12.2%, volatility 7.6% BJUN: +8.9%, volatility 7.5% BMAR: +15.0%, volatility 7.8% BMAY: +11.1%, volatility 6.5% BNOV: +13.5%, volatility 9.4% BOCT: +14.3%, volatility 8.4% BSEP: +12.4%, volatility 7.7% BSTP: +10.7%, volatility 8.6% BTAL: -21.3%, volatility 23.7% BUFB: +12.9%, volatility 7.9% BUFC: +7.0%, volatility 4.5% BUFD: +10.4%, volatility 5.3% BUFF: +10.5%, volatility 5.3% BUFG: +11.6%, volatility 7.7% BUFH: +5.6%, volatility 2.4% BUFM: +7.1%, volatility 6.5% BUFP: +12.3%, volatility 6.5% BUFQ: +16.6%, volatility 9.2% BUFR: +12.5%, volatility 6.7% BUFS: +10.2%, volatility 8.0% BUFT: +9.4%, volatility 3.4% BUFX: +9.0%, volatility 4.1% BUFZ: +10.5%, volatility 5.3% CAIE: +12.2%, volatility 11.6% CCOR: -2.8%, volatility 8.6% CPII: +3.9%, volatility 3.4% CPNJ: +4.6%, volatility 2.7% CPNM: +6.0%, volatility 2.0% CPNQ: +6.7%, volatility 2.8% CPNS: +6.0%, volatility 2.3% CPRA: +6.4%, volatility 1.9% CPRJ: +3.8%, volatility 2.5% CPRO: +7.3%, volatility 2.7% CPRY: +8.3%, volatility 3.8% CPSA: +5.7%, volatility 2.2% CPSD: +6.3%, volatility 2.4% CPSF: +5.9%, volatility 2.1% CPSJ: +5.2%, volatility 2.2% CPSL: +5.5%, volatility 2.3% CPSM: +4.7%, volatility 1.7% CPSN: +6.2%, volatility 2.2% CPSO: +5.9%, volatility 2.1% CPSP: +5.9%, volatility 1.3% CPSR: +5.5%, volatility 1.8% CPST: +5.2%, volatility 2.1% CPSU: +4.7%, volatility 2.2% CPSY: +5.9%, volatility 2.1% CTA: +11.4%, volatility 24.5% DAPR: +8.2%, volatility 3.7% DAUG: +9.4%, volatility 5.6% DBMF: +26.0%, volatility 13.2% DDEC: +11.5%, volatility 5.8% DDFL: +7.0%, volatility 3.5% DDFO: +8.3%, volatility 4.1% DDFS: +7.2%, volatility 3.8% DDTL: +9.8%, volatility 5.8% DDTO: +11.9%, volatility 6.6% DDTS: +10.1%, volatility 6.3% DECM: +6.3%, volatility 2.3% DECP: +14.1%, volatility 10.7% DECT: +14.2%, volatility 9.0% DECU: +10.2%, volatility 10.3% DECW: +10.8%, volatility 5.4% DECZ: +11.3%, volatility 10.7% DFEB: +11.2%, volatility 5.3% DHDG: +14.6%, volatility 6.0% DHSB: +8.4%, volatility 6.7% DJAN: +10.8%, volatility 5.8% DJUL: +10.0%, volatility 5.4% DJUN: +7.9%, volatility 5.0% DLAG: +10.2%, volatility 6.0% DMAR: +12.4%, volatility 3.7% DMAX: +6.5%, volatility 2.2% DMAY: +8.6%, volatility 5.7% DNOV: +12.6%, volatility 5.4% DOCT: +11.2%, volatility 5.5% DSEP: +10.9%, volatility 5.9% EALT: +5.9%, volatility 8.0% FAPR: +10.4%, volatility 5.2% FAUG: +11.3%, volatility 7.1% FB: +12.4%, volatility 4.8% FBUF: +12.6%, volatility 8.6% FDEC: +13.9%, volatility 7.7% FEBM: +6.1%, volatility 2.2% FEBP: +13.2%, volatility 10.6% FEBT: +14.2%, volatility 7.9% FEBU: +10.4%, volatility 10.4% FEBW: +9.9%, volatility 4.8% FEBZ: +10.5%, volatility 10.1% FFEB: +13.8%, volatility 7.2% FFUT: +25.2%, volatility 12.7% FHDG: +13.1%, volatility 6.1% FHEQ: +10.4%, volatility 10.3% FJAN: +13.2%, volatility 7.5% FJUL: +12.2%, volatility 6.9% FJUN: +9.8%, volatility 6.5% FLAO: +2.9%, volatility 5.7% FLJJ: +10.4%, volatility 4.9% FMAR: +15.7%, volatility 5.2% FMAY: +10.2%, volatility 7.1% FMF: +13.1%, volatility 9.7% FNOV: +13.9%, volatility 7.5% FOCT: +14.0%, volatility 7.9% FSEP: +13.4%, volatility 7.6% GAPR: +8.8%, volatility 3.7% GAUG: +9.4%, volatility 5.6% GDEC: +11.4%, volatility 5.9% GFEB: +11.3%, volatility 5.5% GJAN: +10.9%, volatility 5.9% GJUL: +10.3%, volatility 5.5% GJUN: +8.4%, volatility 4.9% GMAR: +13.0%, volatility 4.0% GMAY: +8.9%, volatility 5.8% GNOV: +12.9%, volatility 5.7% GOCT: +11.6%, volatility 5.9% GSEP: +10.9%, volatility 6.1% HEQT: +11.5%, volatility 7.3% HFMF: +9.8%, volatility 17.0% HIDE: +8.8%, volatility 4.9% IMF: +22.0%, volatility 10.7% ISMF: +16.1%, volatility 8.3% IVVB: +9.9%, volatility 7.9% IVVM: +11.7%, volatility 7.5% JAJL: +5.8%, volatility 2.0% JANH: +6.6%, volatility 3.5% JANJ: +5.2%, volatility 2.6% JANM: +6.2%, volatility 2.4% JANP: +13.0%, volatility 7.8% JANT: +13.9%, volatility 7.8% JANU: +10.6%, volatility 10.8% JANW: +9.7%, volatility 4.7% JANZ: +11.3%, volatility 10.6% JNEU: +12.1%, volatility 10.8% JULH: +6.3%, volatility 2.4% JULJ: +5.2%, volatility 1.7% JULM: +5.4%, volatility 2.1% JULP: +11.0%, volatility 7.1% JULT: +11.7%, volatility 7.1% JULU: +11.1%, volatility 10.9% JULW: +8.3%, volatility 4.4% JULZ: +11.5%, volatility 11.2% JUNM: +4.8%, volatility 1.9% JUNP: +8.6%, volatility 9.3% JUNT: +8.9%, volatility 7.2% JUNW: +6.9%, volatility 4.5% JUNZ: +11.5%, volatility 10.6% KAPR: +15.5%, volatility 6.3% KAUG: +9.1%, volatility 7.3% KBUF: -22.4%, volatility 13.1% KDEC: +10.8%, volatility 8.9% KFEB: +14.5%, volatility 10.3% KJAN: +13.0%, volatility 9.7% KJUL: +6.4%, volatility 7.2% KJUN: +6.5%, volatility 7.0% KMAR: +14.1%, volatility 8.8% KMAY: +7.7%, volatility 6.7% KMLM: +22.5%, volatility 12.7% KNOV: +14.3%, volatility 10.1% KOCT: +14.3%, volatility 8.6% KPRO: -13.7%, volatility 8.6% KSEP: +11.8%, volatility 8.4% KSPY: +13.2%, volatility 7.8% LAPR: +6.2%, volatility 1.4% LJAN: +5.1%, volatility 2.4% LJUL: +5.2%, volatility 1.6% LOCT: +5.5%, volatility 2.1% MARM: +6.2%, volatility 1.6% MART: +14.4%, volatility 7.2% MARU: +10.0%, volatility 11.1% MARW: +9.8%, volatility 4.3% MARZ: +10.6%, volatility 10.5% MAXJ: +6.4%, volatility 2.5% MAYM: +4.8%, volatility 2.1% MAYP: +10.3%, volatility 5.6% MAYT: +10.8%, volatility 5.9% MAYU: +11.8%, volatility 11.9% MAYW: +8.0%, volatility 3.8% MAYZ: +11.7%, volatility 11.1% MFUT: +27.6%, volatility 16.0% MMAX: +6.6%, volatility 1.4% MRCP: +13.4%, volatility 7.3% NAPR: +15.8%, volatility 4.8% NAUG: +15.6%, volatility 7.5% NDEC: +14.7%, volatility 8.0% NFEB: +14.9%, volatility 7.8% NJAN: +14.2%, volatility 7.4% NJUL: +10.9%, volatility 8.3% NJUN: +9.1%, volatility 8.7% NMAR: +15.3%, volatility 6.9% NMAY: +11.5%, volatility 6.6% NNOV: +14.5%, volatility 9.1% NOCT: +13.9%, volatility 8.0% NOVM: +6.6%, volatility 2.0% NOVP: +12.8%, volatility 8.3% NOVZ: +10.8%, volatility 10.0% NSEP: +13.3%, volatility 7.1% NVBT: +13.2%, volatility 8.7% NVBU: +10.3%, volatility 10.1% NVBW: +10.1%, volatility 5.4% OCTH: +7.0%, volatility 3.6% OCTJ: +5.8%, volatility 2.7% OCTM: +6.3%, volatility 2.3% OCTP: +13.3%, volatility 9.5% OCTT: +14.1%, volatility 8.0% OCTU: +10.3%, volatility 10.2% OCTW: +9.7%, volatility 4.9% OCTZ: +11.4%, volatility 10.7% ONEZ: +9.9%, volatility 9.7% OOSP: +4.7%, volatility 3.8% OVLH: +8.6%, volatility 9.3% PAPR: +12.7%, volatility 3.5% PAUG: +10.3%, volatility 5.4% PBAP: +11.6%, volatility 3.4% PBAU: +9.4%, volatility 4.8% PBDE: +10.9%, volatility 5.6% PBFB: +10.1%, volatility 4.9% PBFR: +9.7%, volatility 4.4% PBJA: +9.9%, volatility 4.7% PBJL: +8.7%, volatility 4.5% PBJN: +7.2%, volatility 4.8% PBMR: +10.1%, volatility 4.4% PBMY: +8.2%, volatility 3.9% PBNV: +10.4%, volatility 5.5% PBOC: +10.1%, volatility 5.1% PBQQ: +15.6%, volatility 7.9% PBSE: +8.6%, volatility 4.5% PDEC: +12.4%, volatility 6.7% PFEB: +11.3%, volatility 5.9% PHDG: +12.5%, volatility 11.8% PJAN: +11.1%, volatility 5.9% PJUL: +9.3%, volatility 5.4% PJUN: +7.4%, volatility 5.5% PMAP: +6.3%, volatility 1.2% PMAR: +11.6%, volatility 5.4% PMAU: +6.0%, volatility 2.3% PMAY: +8.9%, volatility 4.7% PMFB: +6.1%, volatility 2.0% PMJA: +6.0%, volatility 2.0% PMJL: +5.6%, volatility 2.1% PMJN: +4.8%, volatility 2.2% PMMR: +5.7%, volatility 1.7% PMMY: +5.0%, volatility 1.5% PMOC: +6.2%, volatility 2.1% PMSE: +5.6%, volatility 2.2% PNOV: +11.4%, volatility 6.7% POCT: +11.4%, volatility 6.2% PQAP: +18.4%, volatility 5.5% PQJA: +16.9%, volatility 8.8% PQJL: +12.5%, volatility 9.6% PQOC: +16.1%, volatility 9.1% PSCJ: +9.5%, volatility 5.5% PSCQ: +11.5%, volatility 5.9% PSCW: +12.2%, volatility 3.9% PSCX: +11.2%, volatility 5.6% PSEP: +9.6%, volatility 5.6% PSFD: +13.1%, volatility 7.1% PSFF: +11.3%, volatility 5.8% PSFJ: +11.2%, volatility 6.3% PSFM: +14.8%, volatility 4.3% PSFO: +13.5%, volatility 7.4% PSMD: +11.3%, volatility 5.8% PSMJ: +9.7%, volatility 5.6% PSMO: +11.7%, volatility 6.2% PSMR: +12.7%, volatility 3.8% PSTP: +8.0%, volatility 6.8% PVEX: +9.7%, volatility 13.8% QB: +20.3%, volatility 7.3% QBSF: +7.2%, volatility 3.0% QBUF: +7.6%, volatility 6.6% QCAP: +9.7%, volatility 4.5% QCJA: +11.8%, volatility 6.1% QCJL: +12.3%, volatility 6.2% QCOC: +11.6%, volatility 6.3% QDEC: +18.7%, volatility 10.5% QFLR: +9.3%, volatility 14.1% QGRD: +14.2%, volatility 15.2% QIS: -39.5%, volatility 43.5% QJUN: +10.8%, volatility 9.9% QMAG: +13.8%, volatility 7.3% QMAR: +19.5%, volatility 7.1% QMFE: +15.4%, volatility 7.3% QMMY: +10.9%, volatility 8.4% QMNV: +15.9%, volatility 7.2% QSPT: +17.9%, volatility 10.2% QTAP: +21.8%, volatility 6.6% QTJA: +19.1%, volatility 11.4% QTJL: +15.0%, volatility 12.6% QTOC: +18.6%, volatility 12.9% RB: +14.8%, volatility 6.3% RBUF: +8.3%, volatility 6.2% RFLR: +14.0%, volatility 12.4% RSDE: +9.3%, volatility 7.4% RSJN: +9.7%, volatility 6.9% RSMR: +10.5%, volatility 6.3% RSSE: +10.0%, volatility 6.9% SAUG: +8.8%, volatility 7.5% SBAR: +9.0%, volatility 8.4% SEPM: +6.2%, volatility 2.5% SEPP: +11.1%, volatility 7.8% SEPT: +11.9%, volatility 7.3% SEPU: +11.4%, volatility 10.8% SEPW: +8.3%, volatility 4.6% SEPZ: +11.8%, volatility 10.8% SFEB: +13.3%, volatility 8.9% SFLR: +9.1%, volatility 10.0% SFTY: +16.1%, volatility 12.4% SHUS: +9.8%, volatility 10.1% SIXD: +11.4%, volatility 6.6% SIXF: +13.7%, volatility 6.4% SIXJ: +12.4%, volatility 6.1% SIXO: +8.2%, volatility 5.2% SIXP: +12.5%, volatility 6.3% SIXZ: +11.6%, volatility 6.8% SMAX: +7.4%, volatility 2.6% SMAY: +9.7%, volatility 7.4% SNOV: +10.2%, volatility 9.6% SPBU: +10.6%, volatility 10.5% SPBW: +9.3%, volatility 4.3% SPBX: +11.4%, volatility 5.8% SPD: +6.9%, volatility 13.7% SPYC: +8.1%, volatility 16.4% SQMX: +7.1%, volatility 3.9% STEN: +14.1%, volatility 9.1% TAIL: -15.1%, volatility 8.4% TAPR: +4.8%, volatility 2.1% TFPN: +20.5%, volatility 16.4% THEQ: +9.2%, volatility 9.5% TJAN: +5.9%, volatility 2.7% TJUL: +4.7%, volatility 2.7% TOCT: +3.5%, volatility 2.8% TRIO: +1.1%, volatility 10.5% TWOX: +12.8%, volatility 11.4% UAPR: +11.8%, volatility 3.4% UAUG: +9.7%, volatility 5.2% UDEC: +11.8%, volatility 6.3% UFEB: +10.7%, volatility 5.4% UJAN: +10.5%, volatility 5.3% UJUL: +8.9%, volatility 5.4% UJUN: +7.0%, volatility 5.2% UMAR: +11.0%, volatility 5.1% UMAY: +8.4%, volatility 4.4% UNOV: +10.6%, volatility 6.1% UOCT: +10.7%, volatility 5.6% USEP: +8.9%, volatility 5.2% UXAP: +15.5%, volatility 14.9% UXJA: +15.7%, volatility 14.8% UXJL: +15.4%, volatility 14.8% UXOC: +15.2%, volatility 14.6% VIXM: -18.7%, volatility 18.0% VIXY: -48.5%, volatility 56.3% WTMF: +15.1%, volatility 10.6% WTPI: +11.6%, volatility 9.5% XAPR: +7.8%, volatility 2.8% XAUG: +8.2%, volatility 4.4% XBAP: +13.8%, volatility 3.6% XBJA: +10.9%, volatility 5.9% XBJL: +9.9%, volatility 5.3% XBOC: +11.2%, volatility 6.4% XDEC: +9.3%, volatility 4.7% XDQQ: +9.1%, volatility 17.2% XDSQ: +12.6%, volatility 11.4% XFEB: +9.5%, volatility 4.5% XIDE: +6.6%, volatility 2.8% XIJN: +6.4%, volatility 2.0% XIMR: +7.8%, volatility 2.0% XISE: +6.5%, volatility 2.9% XJAN: +9.1%, volatility 4.8% XJUL: +8.8%, volatility 4.3% XJUN: +7.7%, volatility 3.8% XMAR: +11.3%, volatility 3.1% XMAY: +8.0%, volatility 4.1% XNOV: +10.6%, volatility 4.3% XOCT: +9.6%, volatility 4.6% XSEP: +9.3%, volatility 4.9% XTAP: +18.2%, volatility 4.9% XTJA: +14.5%, volatility 8.4% XTJL: +12.6%, volatility 7.8% XTOC: +14.5%, volatility 9.2% XUSP: +15.7%, volatility 17.5% ZALT: +8.5%, volatility 4.4% ZAPR: +6.2%, volatility 1.5% ZAUG: +5.8%, volatility 2.5% ZDEK: +6.4%, volatility 2.5% ZFEB: +5.7%, volatility 2.1% ZJAN: +5.8%, volatility 2.0% ZJUL: +5.1%, volatility 2.4% ZJUN: +4.9%, volatility 2.4% ZMAR: +6.1%, volatility 2.1% ZMAY: +5.2%, volatility 1.8% ZNOV: +6.0%, volatility 2.5% ZOCT: +6.0%, volatility 2.1% ZSEP: +5.2%, volatility 2.4% AJUL
Each dot is one of 423 unlevered ETFs whose main narrative is the fear layer, placed by its return (up) and how much it swung (right) over the last year.
Risk 3.4% Volatility, last year
−2.2% Largest fall, last year
−0.6% Below its high now