BJAN vs. PBOG
BJAN (Innovator U.S. Equity Buffer ETF - January) and PBOG (Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF) are both exchange-traded funds - BJAN is a Defined Outcome fund tracking the S&P 500, while PBOG is a Oil & Gas fund tracking the BITA Global Oil & Gas Select Index. Both are passively managed. At a correlation of -0.33, they often move in opposite directions. BJAN charges 0.79%/yr vs 0.13%/yr for PBOG.
Performance
BJAN vs. PBOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BJAN achieves a 7.20% return, which is significantly lower than PBOG's 31.74% return.
BJAN
- 1D
- 0.15%
- 1M
- 2.66%
- YTD
- 7.20%
- 6M
- 8.74%
- 1Y
- 20.82%
- 3Y*
- 17.37%
- 5Y*
- 10.74%
- 10Y*
- —
PBOG
- 1D
- -0.36%
- 1M
- -2.93%
- YTD
- 31.74%
- 6M
- 29.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BJAN vs. PBOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | 7.20% | 2.34% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 31.74% | 1.62% |
Correlation
The correlation between BJAN and PBOG is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | -0.33 |
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. PBOG — Risk / Return Rank
BJAN
PBOG
BJAN vs. PBOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF (PBOG). 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 | PBOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | — | — |
| Martin ratioReturn relative to average drawdown | 16.89 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BJAN | PBOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 3.24 | -2.32 |
Drawdowns
BJAN vs. PBOG - Drawdown Comparison
The maximum BJAN drawdown since its inception was -26.86%, which is greater than PBOG's maximum drawdown of -11.45%. Use the drawdown chart below to compare losses from any high point for BJAN and PBOG.
Loading charts...
Drawdown Indicators
| BJAN | PBOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.86% | -11.45% | -15.41% |
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 | -0.06% | -7.15% | +7.09% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -3.13% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | — | — |
Volatility
BJAN vs. PBOG - Volatility Comparison
Loading charts...
Volatility by Period
| BJAN | PBOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.70% | 23.59% | -15.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 23.59% | -11.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.06% | 23.59% | -9.53% |
BJAN vs. PBOG - Expense Ratio Comparison
BJAN has a 0.79% expense ratio, which is higher than PBOG's 0.13% expense ratio.
Dividends
BJAN vs. PBOG - Dividend Comparison
BJAN has not paid dividends to shareholders, while PBOG's dividend yield for the trailing twelve months is around 0.13%.
| 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% |
PBOG Portfolio Building Block Integrated Oil & Gas and Exploration & Production Index ETF | 0.13% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BJAN and PBOG have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBOG is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBOG is cheaper with a 0.13% expense ratio, compared with 0.79% for BJAN.
PBOG has the higher dividend yield at 0.13%, compared with 0.00% for BJAN.
BJAN is categorized as Defined Outcome, while PBOG is Oil & Gas. BJAN tracks S&P 500, while PBOG tracks BITA Global Oil & Gas Select Index. They also come from different issuers: Innovator and Portfolio Building Blocks. Their fees differ too: 0.79% for BJAN and 0.13% for PBOG.
Find the right allocation for BJAN and PBOG
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