AJAN vs. VCSH
Compare and contrast key facts about Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN) and Vanguard Short-Term Corporate Bond ETF (VCSH).
AJAN and VCSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AJAN is an actively managed fund by Innovator. It was launched on Dec 29, 2023. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009.
Performance
AJAN vs. VCSH - Performance Comparison
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AJAN vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026 | -0.74% | 6.12% | 7.78% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.13% | 6.77% | 5.17% |
Returns By Period
In the year-to-date period, AJAN achieves a -0.74% return, which is significantly lower than VCSH's 0.13% return.
AJAN
- 1D
- 0.56%
- 1M
- -1.47%
- YTD
- -0.74%
- 6M
- 0.51%
- 1Y
- 5.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VCSH
- 1D
- 0.29%
- 1M
- -0.83%
- YTD
- 0.13%
- 6M
- 1.37%
- 1Y
- 4.93%
- 3Y*
- 5.36%
- 5Y*
- 2.37%
- 10Y*
- 2.72%
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AJAN vs. VCSH - Expense Ratio Comparison
AJAN has a 0.79% expense ratio, which is higher than VCSH's 0.04% expense ratio.
Return for Risk
AJAN vs. VCSH — Risk / Return Rank
AJAN
VCSH
AJAN vs. VCSH - 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 Vanguard Short-Term Corporate Bond ETF (VCSH). 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.
| AJAN | VCSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 2.17 | -1.02 |
Sortino ratioReturn per unit of downside risk | 1.74 | 3.19 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.52 | -1.94 |
Martin ratioReturn relative to average drawdown | 8.50 | 14.44 | -5.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AJAN | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.17 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 1.01 | +0.50 |
Correlation
The correlation between AJAN and VCSH is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
AJAN vs. VCSH - Dividend Comparison
AJAN has not paid dividends to shareholders, while VCSH's dividend yield for the trailing twelve months is around 4.41%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.41% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Drawdowns
AJAN vs. VCSH - Drawdown Comparison
The maximum AJAN drawdown since its inception was -4.11%, smaller than the maximum VCSH drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for AJAN and VCSH.
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Drawdown Indicators
| AJAN | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.11% | -12.86% | +8.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -1.40% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.83% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -0.97% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.34% | +0.28% |
Volatility
AJAN vs. VCSH - Volatility Comparison
Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN) has a higher volatility of 1.37% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.94%. This indicates that AJAN's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AJAN | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.94% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 1.29% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 2.28% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 2.86% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 3.35% | +0.51% |