APOC vs. JANB
APOC (Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. APOC charges 0.79%/yr vs 0.25%/yr for JANB.
Performance
APOC vs. JANB - Performance Comparison
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Returns By Period
In the year-to-date period, APOC achieves a -0.05% return, which is significantly lower than JANB's 5.32% return.
APOC
- 1D
- -0.17%
- 1M
- 0.06%
- YTD
- -0.05%
- 6M
- -0.09%
- 1Y
- 2.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANB
- 1D
- -0.50%
- 1M
- -0.15%
- YTD
- 5.32%
- 6M
- 5.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APOC vs. JANB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APOC Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct | -0.05% | 1.09% |
JANB Aptus January Buffer ETF | 5.32% | 2.76% |
Correlation
The correlation between APOC and JANB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.59 |
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Return for Risk
APOC vs. JANB — Risk / Return Rank
APOC
JANB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
APOC vs. JANB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct (APOC) and Aptus January Buffer ETF (JANB). 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.
| APOC | JANB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | — | — |
| Martin ratioReturn relative to average drawdown | 3.39 | — | — |
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Drawdowns
APOC vs. JANB - Drawdown Comparison
The maximum APOC drawdown since its inception was -4.17%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for APOC and JANB.
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Drawdown Indicators
| APOC | JANB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.17% | -6.52% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -0.97% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -1.10% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | — | — |
Volatility
APOC vs. JANB - Volatility Comparison
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Volatility by Period
| APOC | JANB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 7.51% | -4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 7.51% | -4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 7.51% | -4.52% |
APOC vs. JANB - Expense Ratio Comparison
APOC has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.
Dividends
APOC vs. JANB - Dividend Comparison
Neither APOC nor JANB has paid dividends to shareholders.
Frequently Asked Questions
APOC and JANB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for APOC.
APOC and JANB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for APOC and 0.25% for JANB.
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