Innovator Long Term Treasury Floor ETF - July (TFJL) Performance
TFJL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.1% since Dec 31, 2025
- 1 year
- −7.0% total return
- 5 years
- −3.9% a year
- Since first price
- −4.2% a year since 2020
TFJL trailing returns vs SPY, QQQ, AGG
| Period | TFJL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.4% | +3.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.3% | +1.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.1% | −2.1% | +7.8% | +8.4% | −1.5% |
| YTD | −3.1% | −3.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −7.0% | −7.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +2.3%+0.8%/yr | +2.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −18.0%−3.9%/yr | −18.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionAug 18, 2020 | −23.2%−4.2%/yr | −23.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TFJL vs SPY
From Aug 18, 2020: TFJL grew to $7,679, SPY to $24,430.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TFJL returns by calendar year
1 of 5 full years positive. Best 2023 (+8.2%), worst 2022 (−17.2%). 2026 is year to date.
TFJL annual returns table
| Year | TFJL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.1% | −10.4% | +12.3% | +15.1% | −1.0% |
| 2025 | −0.8% | −7.7% | +17.7% | +20.8% | +7.2% |
| 2024 | −6.8% | −9.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.2% | −12.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.2% | −17.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −2.5% | −5.9% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TFJL largest drawdowns
Now 23.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 8, 2020 | −26.5% | Oct 7, 2026 | not yet | 6.1 years | 6.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TFJL risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | −1.3% | −4.5% | −4.6% |
| Volatility (annualized) | 9.7% | 9.2% | 8.4% |
| Sharpe ratio | -0.54 | -0.85 | -0.87 |
| Sortino ratio | -0.76 | -1.12 | -1.13 |
| Best month | +8.5% | +8.5% | +8.5% |
| Worst month | −4.5% | −4.5% | −4.5% |
| Best 12 months | +9.2% | +9.2% | +9.2% |
| Worst 12 months | −8.6% | −17.2% | −17.2% |
| Positive months | 36% | 32% | 32% |
| Beta vs S&P 500 | 0.25 | 0.24 | — |
| Correlation with S&P 500 | 0.32 | 0.40 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TFJL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 63 | −17.2% | −3.7% | +9.2% | 24% |
| 3-year (a year) | 39 | −8.5% | −3.1% | +1.0% | 13% |
| 5-year (a year) | 15 | −4.5% | −3.8% | −2.9% | 0% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
TFJL performance overview
Innovator Long Term Treasury Floor ETF - July (TFJL) returned −7.0% over the past year and −3.9% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned −4.2% a year, turning $10,000 into about $7,679. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.5%, from Sep 8, 2020 to Oct 7, 2026; the fund has not yet regained that high. TFJL finished 1 of its 5 full calendar years with a gain; the best year was 2023 (+8.2%) and the worst 2022 (−17.2%). Volatility has been 8.4% a year.
Related: TFJL chart. See the TFJL overview for the latest quote and fund facts.
TFJL performance FAQ
What is the TFJL return over the past year?
TFJL returned −7.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.0%.
What is the average annual return of TFJL?
TFJL has returned −3.9% a year over 5 years, −4.2% a year since August 18, 2020 (total return, distributions reinvested).
How much would $10,000 invested in TFJL be worth?
$10,000 invested in TFJL at its first recorded close on August 18, 2020 would be worth about $7,679 on October 23, 2026 with distributions reinvested.
What was the worst year for TFJL?
The worst calendar year was 2022, with a total return of −17.2%. The best was 2023 at +8.2%.
What is the biggest drawdown of TFJL?
The largest peak-to-trough decline was −26.5% between September 8, 2020 and October 7, 2026. It has not yet recovered to that high; it is 23.4% below its peak.
How volatile is TFJL?
Over the past 3 years TFJL had an annualized volatility of 9.7% and a Sharpe ratio of -0.54 (excess return over 1–3 month T-bills per unit of risk).