BJAN vs. OCTB
BJAN (Innovator U.S. Equity Buffer ETF - January) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. BJAN is passively managed, while OCTB is actively managed. With a 0.96 correlation, they move nearly in lockstep. BJAN charges 0.79%/yr vs 0.25%/yr for OCTB.
Performance
BJAN vs. OCTB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BJAN achieves a 5.78% return, which is significantly higher than OCTB's 5.38% return.
BJAN
- 1D
- -0.16%
- 1M
- -0.41%
- YTD
- 5.78%
- 6M
- 5.97%
- 1Y
- 17.46%
- 3Y*
- 16.27%
- 5Y*
- 10.23%
- 10Y*
- —
OCTB
- 1D
- -0.13%
- 1M
- -0.12%
- YTD
- 5.38%
- 6M
- 4.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BJAN vs. OCTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | 5.78% | 4.10% |
OCTB Aptus October Buffer ETF | 5.38% | 2.37% |
Correlation
The correlation between BJAN and OCTB 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 14, 2025 | 0.96 |
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. OCTB — Risk / Return Rank
BJAN
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BJAN vs. OCTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and Aptus October Buffer ETF (OCTB). 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 | OCTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | — | — |
| Martin ratioReturn relative to average drawdown | 13.87 | — | — |
Loading charts...
Drawdowns
BJAN vs. OCTB - Drawdown Comparison
The maximum BJAN drawdown since its inception was -26.86%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for BJAN and OCTB.
Loading charts...
Drawdown Indicators
| BJAN | OCTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.86% | -4.79% | -22.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | — | — |
Current DrawdownCurrent decline from peak | -1.38% | -0.94% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -0.69% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | — | — |
Volatility
BJAN vs. OCTB - Volatility Comparison
Loading charts...
Volatility by Period
| BJAN | OCTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 7.24% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.02% | 7.24% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 7.24% | +6.81% |
BJAN vs. OCTB - Expense Ratio Comparison
BJAN has a 0.79% expense ratio, which is higher than OCTB's 0.25% expense ratio.
Dividends
BJAN vs. OCTB - Dividend Comparison
Neither BJAN nor OCTB has paid dividends to shareholders.
| 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% |
OCTB Aptus October Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, BJAN and OCTB 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.
On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for BJAN.
BJAN and OCTB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for BJAN and 0.25% for OCTB.
Find the right allocation for BJAN and OCTB
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