Correlation
The correlation between BFEB and NJAN is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BFEB vs. NJAN
Compare and contrast key facts about Innovator S&P 500 Buffer ETF - February (BFEB) and Innovator Growth-100 Power Buffer ETF - January (NJAN).
BFEB and NJAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BFEB is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index February Series. It was launched on Jan 31, 2020. NJAN is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 1, 2020. Both BFEB and NJAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BFEB or NJAN.
Performance
BFEB vs. NJAN - Performance Comparison
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Key characteristics
BFEB:
0.69
NJAN:
0.83
BFEB:
1.00
NJAN:
1.20
BFEB:
1.17
NJAN:
1.20
BFEB:
0.58
NJAN:
0.78
BFEB:
2.49
NJAN:
3.26
BFEB:
3.24%
NJAN:
3.13%
BFEB:
12.85%
NJAN:
13.29%
BFEB:
-26.37%
NJAN:
-20.70%
BFEB:
-1.93%
NJAN:
-0.69%
Returns By Period
In the year-to-date period, BFEB achieves a 0.19% return, which is significantly lower than NJAN's 2.18% return.
BFEB
0.19%
4.51%
0.43%
8.82%
12.34%
12.82%
N/A
NJAN
2.18%
5.04%
2.99%
11.01%
9.45%
6.44%
N/A
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BFEB vs. NJAN - Expense Ratio Comparison
Both BFEB and NJAN have an expense ratio of 0.79%.
Risk-Adjusted Performance
BFEB vs. NJAN — Risk-Adjusted Performance Rank
BFEB
NJAN
BFEB vs. NJAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator S&P 500 Buffer ETF - February (BFEB) and Innovator Growth-100 Power Buffer ETF - January (NJAN). 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.
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Dividends
BFEB vs. NJAN - Dividend Comparison
Neither BFEB nor NJAN has paid dividends to shareholders.
Drawdowns
BFEB vs. NJAN - Drawdown Comparison
The maximum BFEB drawdown since its inception was -26.37%, which is greater than NJAN's maximum drawdown of -20.70%. Use the drawdown chart below to compare losses from any high point for BFEB and NJAN.
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Volatility
BFEB vs. NJAN - Volatility Comparison
Innovator S&P 500 Buffer ETF - February (BFEB) has a higher volatility of 3.38% compared to Innovator Growth-100 Power Buffer ETF - January (NJAN) at 3.05%. This indicates that BFEB's price experiences larger fluctuations and is considered to be riskier than NJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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