BJAN vs. KAPR
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - January (BJAN) and Innovator Russell 2000 Power Buffer ETF - April (KAPR).
BJAN and KAPR 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 S&P 500. It was launched on Dec 31, 2018. KAPR is a passively managed fund by Innovator that tracks the performance of the Russell 2000 Index. It was launched on Mar 31, 2020. Both BJAN and KAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BJAN vs. KAPR - Performance Comparison
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BJAN vs. KAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | -3.13% | 14.81% | 17.36% | 23.66% | -11.40% | 13.86% | 37.20% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 3.19% | 7.42% | 12.10% | 15.36% | -8.14% | 2.48% | 21.17% |
Returns By Period
In the year-to-date period, BJAN achieves a -3.13% return, which is significantly lower than KAPR's 3.19% return.
BJAN
- 1D
- 1.89%
- 1M
- -3.75%
- YTD
- -3.13%
- 6M
- 0.59%
- 1Y
- 14.36%
- 3Y*
- 14.90%
- 5Y*
- 9.11%
- 10Y*
- —
KAPR
- 1D
- 0.62%
- 1M
- 1.14%
- YTD
- 3.19%
- 6M
- 5.99%
- 1Y
- 17.50%
- 3Y*
- 10.87%
- 5Y*
- 6.01%
- 10Y*
- —
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BJAN vs. KAPR - Expense Ratio Comparison
Both BJAN and KAPR have an expense ratio of 0.79%.
Return for Risk
BJAN vs. KAPR — Risk / Return Rank
BJAN
KAPR
BJAN vs. KAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). 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.
| BJAN | KAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | 1.72 | -0.61 |
Sortino ratioReturn per unit of downside risk | 1.68 | 2.47 | -0.79 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.42 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.10 | -0.52 |
Martin ratioReturn relative to average drawdown | 8.27 | 12.86 | -4.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BJAN | KAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.72 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.51 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.73 | +0.09 |
Correlation
The correlation between BJAN and KAPR is 0.74, 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.
Dividends
BJAN vs. KAPR - Dividend Comparison
Neither BJAN nor KAPR has paid dividends to shareholders.
| 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% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BJAN vs. KAPR - Drawdown Comparison
The maximum BJAN drawdown since its inception was -26.86%, which is greater than KAPR's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for BJAN and KAPR.
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Drawdown Indicators
| BJAN | KAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.86% | -16.91% | -9.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -8.39% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | -16.91% | -0.47% |
Current DrawdownCurrent decline from peak | -4.49% | 0.00% | -4.49% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -4.02% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.37% | +0.42% |
Volatility
BJAN vs. KAPR - Volatility Comparison
Innovator U.S. Equity Buffer ETF - January (BJAN) has a higher volatility of 3.90% compared to Innovator Russell 2000 Power Buffer ETF - April (KAPR) at 1.70%. This indicates that BJAN's price experiences larger fluctuations and is considered to be riskier than KAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BJAN | KAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 1.70% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.18% | 3.93% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 10.19% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 11.77% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.19% | 11.72% | +2.47% |