BJAN vs. NSRGY

Last updated Aug 5, 2026

BJAN (Innovator U.S. Equity Buffer ETF - January) is Defined Outcome fund tracking the S&P 500, while NSRGY (Nestlé S.A.) is a stock. Over the past 5 years, BJAN returned 10.69%/yr vs -1.35%/yr for NSRGY. Their 0.27 correlation means their historical movements had little consistent relationship.

Performance

BJAN vs. NSRGY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Buffer ETF - January (BJAN) and Nestlé S.A. (NSRGY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BJAN achieves a 9.23% return, which is significantly higher than NSRGY's 5.35% return.

BJAN

• 1D: 0.77%
• 1M: 2.23%
• 6M: 8.43%
• YTD: 9.23%
• 1Y: 17.73%
• 3Y*: 16.61%
• 5Y*: 10.69%
• 10Y*: —
• ALL TIME*: 13.00%

NSRGY

• 1D: 0.48%
• 1M: -5.21%
• 6M: 5.88%
• YTD: 5.35%
• 1Y: 18.12%
• 3Y*: -2.31%
• 5Y*: -1.35%
• 10Y*: 5.68%
• ALL TIME*: 3.13%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BJAN Innovator U.S. Equity Buffer ETF - January	$329.35K	$3.03M	$1.68M
NSRGY Nestlé S.A.	$47.87M	$48.06M	$46.05M

BJAN vs. NSRGY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BJAN Innovator U.S. Equity Buffer ETF - January	9.23%	14.81%	17.36%	23.66%	-11.40%	13.86%	12.54%	22.27%
NSRGY Nestlé S.A.	5.35%	24.80%	-27.05%	2.88%	-15.94%	22.32%	11.63%	37.26%

Correlation

The correlation between BJAN and NSRGY is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (3Y) Balances recent behavior with more history.	0.08
Correlation (5Y) Shows whether the relationship held over a longer period.	0.22
Correlation (All Time) Calculated using the full available price history since Jan 2, 2019	0.27

Over the past year, the correlation between BJAN and NSRGY has dropped to 0.02 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

Return for Risk

BJAN vs. NSRGY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BJAN

BJAN Risk / Return Rank: 83
BJAN Sharpe Ratio Rank: 85
BJAN Sortino Ratio Rank: 84
BJAN Omega Ratio Rank: 87
BJAN Calmar Ratio Rank: 72
BJAN Martin Ratio Rank: 86

NSRGY

NSRGY Risk / Return Rank: 67
NSRGY Sharpe Ratio Rank: 69
NSRGY Sortino Ratio Rank: 64
NSRGY Omega Ratio Rank: 63
NSRGY Calmar Ratio Rank: 69
NSRGY Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BJAN vs. NSRGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and Nestlé S.A. (NSRGY). 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	NSRGY	Difference
Sharpe ratio: Return per unit of total volatility	2.19	0.78	+1.40
Sortino ratio: Return per unit of downside risk	3.08	1.30	+1.78
Omega ratio: Gain probability vs. loss probability	1.42	1.16	+0.26
Calmar ratio: Return relative to maximum drawdown	2.84	1.29	+1.55
Martin ratio: Return relative to average drawdown	13.87	2.72	+11.15

BJAN vs. NSRGY - Sharpe Ratio Comparison

The current BJAN Sharpe Ratio is 2.19, which is higher than the NSRGY Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of BJAN and NSRGY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BJAN vs. NSRGY - Drawdown Comparison

The maximum BJAN drawdown since its inception was -26.86%, smaller than the maximum NSRGY drawdown of -75.68%. Use the drawdown chart below to compare losses from any high point for BJAN and NSRGY.

Drawdown Indicators

	BJAN	NSRGY	Difference
Max Drawdown Largest peak-to-trough decline	-26.86%	-75.68%	+48.82%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-14.10%	+7.83%
Max Drawdown (3Y) Largest decline over 3 years	-13.81%	-31.98%	+18.17%
Max Drawdown (5Y) Largest decline over 5 years	-17.38%	-38.24%	+20.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.24%	—
Current Drawdown Current decline from peak	0.00%	-17.49%	+17.49%
Average Drawdown Average peak-to-trough decline	-2.86%	-24.10%	+21.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	6.68%	-5.40%

Volatility

BJAN vs. NSRGY - Volatility Comparison

The current volatility for Innovator U.S. Equity Buffer ETF - January (BJAN) is 2.38%, while Nestlé S.A. (NSRGY) has a volatility of 9.36%. This indicates that BJAN experiences smaller price fluctuations and is considered to be less risky than NSRGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BJAN	NSRGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	9.36%	-6.98%
Volatility (6M) Calculated over the trailing 6-month period	6.80%	16.98%	-10.18%
Volatility (1Y) Calculated over the trailing 1-year period	8.21%	23.20%	-14.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.06%	20.40%	-8.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.98%	18.60%	-4.62%

Dividends

BJAN vs. NSRGY - Dividend Comparison

BJAN has not paid dividends to shareholders, while NSRGY's dividend yield for the trailing twelve months is around 4.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BJAN Innovator U.S. Equity Buffer ETF - January	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.66%	0.00%	0.00%	0.00%	0.00%
NSRGY Nestlé S.A.	4.01%	3.44%	4.01%	2.86%	2.57%	2.18%	2.34%	2.28%	3.12%	5.64%	6.54%	3.13%

Frequently Asked Questions

Can I hold both BJAN and NSRGY in my portfolio?

BJAN and NSRGY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BJAN or NSRGY?

NSRGY has higher volatility (9.36%) compared to BJAN (2.38%). In terms of maximum drawdown, BJAN dropped -26.86% vs NSRGY's -75.68%.

Which has better risk-adjusted returns?

BJAN currently has the higher Sharpe Ratio (2.19 vs 0.78), 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.