BJAN vs. BUFR
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - January (BJAN) and FT Cboe Vest Fund of Buffer ETFs (BUFR).
BJAN and BUFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BJAN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index January. It was launched on Jan 2, 2019. BUFR is an actively managed fund by First Trust. It was launched on Aug 10, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BJAN or BUFR.
Key characteristics
| BJAN | BUFR | |
|---|---|---|
| YTD Return | 4.27% | 3.65% |
| 1Y Return | 20.41% | 16.89% |
| 3Y Return (Ann) | 6.82% | 6.93% |
| Sharpe Ratio | 2.15 | 2.00 |
| Daily Std Dev | 8.99% | 7.96% |
| Max Drawdown | -26.86% | -13.73% |
| Current Drawdown | -2.16% | -1.50% |
Correlation
The correlation between BJAN and BUFR is 0.92, 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.
Performance
BJAN vs. BUFR - Performance Comparison
In the year-to-date period, BJAN achieves a 4.27% return, which is significantly higher than BUFR's 3.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BJAN vs. BUFR - Expense Ratio Comparison
BJAN has a 0.79% expense ratio, which is lower than BUFR's 1.05% expense ratio.
Risk-Adjusted Performance
BJAN vs. BUFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and FT Cboe Vest Fund of Buffer ETFs (BUFR). 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.
Dividends
BJAN vs. BUFR - Dividend Comparison
Neither BJAN nor BUFR has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.66% |
BUFR FT Cboe Vest Fund of Buffer ETFs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BJAN vs. BUFR - Drawdown Comparison
The maximum BJAN drawdown since its inception was -26.86%, which is greater than BUFR's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for BJAN and BUFR. For additional features, visit the drawdowns tool.
Volatility
BJAN vs. BUFR - Volatility Comparison
Innovator U.S. Equity Buffer ETF - January (BJAN) has a higher volatility of 2.26% compared to FT Cboe Vest Fund of Buffer ETFs (BUFR) at 2.00%. This indicates that BJAN's price experiences larger fluctuations and is considered to be riskier than BUFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.