BJAN vs. BXSL
BJAN (Innovator U.S. Equity Buffer ETF - January) is Defined Outcome fund tracking the S&P 500, while BXSL (Blackstone Secured Lending Fund) is a stock. Over the past 3 years, BJAN returned 16.36%/yr vs 7.49%/yr for BXSL. At a 0.36 correlation, their price movements are largely independent.
Performance
BJAN vs. BXSL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BJAN achieves a 6.13% return, which is significantly higher than BXSL's -6.39% return.
BJAN
- 1D
- 0.35%
- 1M
- 0.00%
- YTD
- 6.13%
- 6M
- 7.42%
- 1Y
- 19.73%
- 3Y*
- 16.36%
- 5Y*
- 10.40%
- 10Y*
- —
BXSL
- 1D
- -0.21%
- 1M
- -1.08%
- YTD
- -6.39%
- 6M
- -9.95%
- 1Y
- -15.35%
- 3Y*
- 7.49%
- 5Y*
- —
- 10Y*
- —
BJAN vs. BXSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | 6.13% | 14.81% | 17.36% | 23.66% | -11.40% | 1.19% |
BXSL Blackstone Secured Lending Fund | -6.39% | -9.36% | 29.02% | 37.82% | -26.03% | 32.04% |
Correlation
The correlation between BJAN and BXSL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BJAN vs. BXSL — Risk / Return Rank
BJAN
BXSL
BJAN vs. BXSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and Blackstone Secured Lending Fund (BXSL). 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.
| BJAN | BXSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +4.41 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.88 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | -0.68 | +3.68 |
| Martin ratioReturn relative to average drawdown | 14.94 | -1.01 | +15.95 |
Loading charts...
Drawdowns
BJAN vs. BXSL - Drawdown Comparison
The maximum BJAN drawdown since its inception was -26.86%, smaller than the maximum BXSL drawdown of -36.80%. Use the drawdown chart below to compare losses from any high point for BJAN and BXSL.
Loading charts...
Drawdown Indicators
| BJAN | BXSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.86% | -36.80% | +9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -23.47% | +17.20% |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | -24.21% | +10.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | -20.54% | +19.48% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -14.15% | +11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 15.73% | -14.47% |
Volatility
BJAN vs. BXSL - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - January (BJAN) is 2.23%, while Blackstone Secured Lending Fund (BXSL) has a volatility of 5.42%. This indicates that BJAN experiences smaller price fluctuations and is considered to be less risky than BXSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BJAN | BXSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 5.42% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.34% | 16.42% | -10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 20.20% | -12.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.99% | 23.85% | -11.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.06% | 23.85% | -9.79% |
Dividends
BJAN vs. BXSL - Dividend Comparison
BJAN has not paid dividends to shareholders, while BXSL's dividend yield for the trailing twelve months is around 12.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.66% |
BXSL Blackstone Secured Lending Fund | 12.91% | 11.70% | 9.53% | 10.64% | 13.02% | 1.56% | 0.00% | 0.00% |
Frequently Asked Questions
BJAN and BXSL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BXSL has higher volatility (5.42%) compared to BJAN (2.23%). In terms of maximum drawdown, BJAN dropped -26.86% vs BXSL's -36.80%.
BJAN currently has the higher Sharpe Ratio (2.39 vs -0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BJAN and BXSL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer