BFLB vs. JANB

Last updated Jun 4, 2026

BFLB (BufferLABS US Equity Dynamic Buffer ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. BFLB charges 0.79%/yr vs 0.25%/yr for JANB.

Performance

BFLB vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BufferLABS US Equity Dynamic Buffer ETF (BFLB) 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, BFLB achieves a 6.52% return, which is significantly higher than JANB's 6.08% return.

BFLB

• 1D: -0.08%
• 1M: 2.53%
• YTD: 6.52%
• 6M: 7.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -0.22%
• 1M: 2.38%
• YTD: 6.08%
• 6M: 7.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BFLB vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
BFLB BufferLABS US Equity Dynamic Buffer ETF	6.52%	2.59%
JANB Aptus January Buffer ETF	6.08%	2.69%

Correlation

The correlation between BFLB and JANB is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.96

Return for Risk

BFLB vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BufferLABS US Equity Dynamic Buffer ETF (BFLB) 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.

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

Sharpe Ratios by Period

	BFLB	JANB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.71	1.97	-0.26

Drawdowns

BFLB vs. JANB - Drawdown Comparison

The maximum BFLB drawdown since its inception was -5.14%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for BFLB and JANB.

Drawdown Indicators

	BFLB	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-5.14%	-6.52%	+1.38%
Current Drawdown Current decline from peak	-0.08%	-0.22%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.77%	-1.14%	+0.37%

Volatility

Volatility by Period

	BFLB	JANB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.76%	7.41%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.76%	7.41%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.76%	7.41%	+0.35%

BFLB vs. JANB - Expense Ratio Comparison

BFLB has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

BFLB vs. JANB - Dividend Comparison

Neither BFLB nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BFLB and JANB in my portfolio?

With a correlation of 0.96, BFLB 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, BFLB or JANB?

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.

Which ETF is cheaper, BFLB or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for BFLB.

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

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

What is the main difference between BFLB and JANB?

They also come from different issuers: BufferLABS and Aptus Capital Advisors. Their fees differ too: 0.79% for BFLB and 0.25% for JANB.