APRB vs. JANB

Last updated Jun 23, 2026

APRB (Aptus April Buffer ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds from Aptus Capital Advisors. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

APRB vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus April Buffer ETF (APRB) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRB achieves a 4.77% return, which is significantly lower than JANB's 5.85% return.

APRB

• 1D: -0.09%
• 1M: 0.41%
• YTD: 4.77%
• 6M: 4.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -0.22%
• 1M: 0.35%
• YTD: 5.85%
• 6M: 6.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APRB vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
APRB Aptus April Buffer ETF	4.77%	2.48%
JANB Aptus January Buffer ETF	5.85%	2.76%

Correlation

The correlation between APRB and JANB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.94

Return for Risk

APRB vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus April Buffer ETF (APRB) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

APRB vs. JANB - Drawdown Comparison

The maximum APRB drawdown since its inception was -4.59%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for APRB and JANB.

Drawdown Indicators

	APRB	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-4.59%	-6.52%	+1.93%
Current Drawdown Current decline from peak	-0.23%	-0.48%	+0.25%
Average Drawdown Average peak-to-trough decline	-0.72%	-1.10%	+0.38%

Volatility

Volatility by Period

	APRB	JANB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.98%	7.50%	-1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.98%	7.50%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.98%	7.50%	-1.52%

APRB vs. JANB - Expense Ratio Comparison

Both APRB and JANB have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

APRB vs. JANB - Dividend Comparison

Neither APRB nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APRB and JANB in my portfolio?

With a correlation of 0.94, APRB and JANB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, APRB or JANB?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APRB or JANB?

APRB and JANB have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, APRB or JANB?

APRB and JANB have nearly identical dividend yields, around 0.00%.