BJAN vs. PJAN
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - January (BJAN) and Innovator U.S. Equity Power Buffer ETF - January (PJAN).
BJAN and PJAN 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 Cboe S&P 500 Buffer Protect Index January. It was launched on Jan 2, 2019. PJAN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect January Series Index. It was launched on Jan 2, 2019. Both BJAN and PJAN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BJAN or PJAN.
Correlation
The correlation between BJAN and PJAN is 0.90, 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.
Performance
BJAN vs. PJAN - Performance Comparison
Key characteristics
BJAN:
0.77
PJAN:
0.84
BJAN:
1.18
PJAN:
1.25
BJAN:
1.20
PJAN:
1.22
BJAN:
0.72
PJAN:
0.78
BJAN:
3.18
PJAN:
3.55
BJAN:
3.12%
PJAN:
2.30%
BJAN:
12.88%
PJAN:
9.71%
BJAN:
-26.86%
PJAN:
-21.25%
BJAN:
-5.20%
PJAN:
-3.71%
Returns By Period
In the year-to-date period, BJAN achieves a -2.33% return, which is significantly lower than PJAN's -1.47% return.
BJAN
-2.33%
7.98%
0.19%
8.53%
11.92%
N/A
PJAN
-1.47%
6.09%
0.41%
7.02%
9.35%
N/A
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BJAN vs. PJAN - Expense Ratio Comparison
Both BJAN and PJAN have an expense ratio of 0.79%.
Risk-Adjusted Performance
BJAN vs. PJAN — Risk-Adjusted Performance Rank
BJAN
PJAN
BJAN vs. PJAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and Innovator U.S. Equity Power Buffer ETF - January (PJAN). 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.
Dividends
BJAN vs. PJAN - Dividend Comparison
Neither BJAN nor PJAN has paid dividends to shareholders.
| TTM | 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% | 4.66% |
PJAN Innovator U.S. Equity Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BJAN vs. PJAN - Drawdown Comparison
The maximum BJAN drawdown since its inception was -26.86%, which is greater than PJAN's maximum drawdown of -21.25%. Use the drawdown chart below to compare losses from any high point for BJAN and PJAN. For additional features, visit the drawdowns tool.
Volatility
BJAN vs. PJAN - Volatility Comparison
Innovator U.S. Equity Buffer ETF - January (BJAN) has a higher volatility of 9.72% compared to Innovator U.S. Equity Power Buffer ETF - January (PJAN) at 7.43%. This indicates that BJAN's price experiences larger fluctuations and is considered to be riskier than PJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.