AJAN vs. SMYY
AJAN (Innovator Equity Defined Protection ETF - 2 Yr To January 2026) and SMYY (GraniteShares YieldBOOST SMCI ETF) are both Options Trading funds. Both are actively managed. Their 0.39 correlation means their historical movements had little consistent relationship. AJAN charges 0.79%/yr vs 1.07%/yr for SMYY.
Performance
AJAN vs. SMYY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AJAN achieves a 2.59% return, which is significantly higher than SMYY's -6.48% return.
AJAN
- 1D
- 0.30%
- 1M
- 0.61%
- 6M
- 2.18%
- YTD
- 2.59%
- 1Y
- 4.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.30%
SMYY
- 1D
- 0.62%
- 1M
- -2.58%
- 6M
- -8.02%
- YTD
- -6.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $92.46K | $76.38K | $85.38K | |
| $181.16K | $174.35K | $248.66K |
AJAN vs. SMYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026 | 2.59% | 1.31% |
SMYY GraniteShares YieldBOOST SMCI ETF | -6.48% | -27.35% |
Correlation
The correlation between AJAN and SMYY is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AJAN vs. SMYY — Risk / Return Rank
AJAN
SMYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AJAN vs. SMYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN) and GraniteShares YieldBOOST SMCI ETF (SMYY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AJAN | SMYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | — | — |
| Martin ratioReturn relative to average drawdown | 10.69 | — | — |
Loading charts...
Drawdowns
AJAN vs. SMYY - Drawdown Comparison
The maximum AJAN drawdown since its inception was -4.11%, smaller than the maximum SMYY drawdown of -38.26%. Use the drawdown chart below to compare losses from any high point for AJAN and SMYY.
Loading charts...
Drawdown Indicators
| AJAN | SMYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.11% | -38.26% | +34.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -37.55% | +37.55% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -26.98% | +26.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | — | — |
Volatility
AJAN vs. SMYY - Volatility Comparison
Loading charts...
Volatility by Period
| AJAN | SMYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 30.63% | -28.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 30.63% | -26.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 30.63% | -26.86% |
AJAN vs. SMYY - Expense Ratio Comparison
AJAN has a 0.79% expense ratio, which is lower than SMYY's 1.07% expense ratio.
Dividends
AJAN vs. SMYY - Dividend Comparison
AJAN has not paid dividends to shareholders, while SMYY's dividend yield for the trailing twelve months is around 214.05%.
| Position | TTM | 2025 |
|---|---|---|
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026 | 0.00% | 0.00% |
SMYY GraniteShares YieldBOOST SMCI ETF | 214.05% | 53.33% |
Frequently Asked Questions
AJAN and SMYY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AJAN is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AJAN is cheaper with a 0.79% expense ratio, compared with 1.07% for SMYY.
SMYY has the higher dividend yield at 214.05%, compared with 0.00% for AJAN.
They also come from different issuers: Innovator and GraniteShares. Their fees differ too: 0.79% for AJAN and 1.07% for SMYY.
Find the right allocation for AJAN and SMYY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer