BJAN vs. TLT
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - January (BJAN) and iShares 20+ Year Treasury Bond ETF (TLT).
BJAN and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both BJAN and TLT 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 TLT.
Correlation
The correlation between BJAN and TLT is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BJAN vs. TLT - Performance Comparison
Key characteristics
BJAN:
2.51
TLT:
-0.08
BJAN:
3.51
TLT:
-0.02
BJAN:
1.54
TLT:
1.00
BJAN:
3.56
TLT:
-0.03
BJAN:
18.93
TLT:
-0.17
BJAN:
0.88%
TLT:
6.75%
BJAN:
6.65%
TLT:
13.78%
BJAN:
-26.86%
TLT:
-48.35%
BJAN:
0.00%
TLT:
-41.99%
Returns By Period
In the year-to-date period, BJAN achieves a 2.82% return, which is significantly higher than TLT's 1.24% return.
BJAN
2.82%
1.38%
7.52%
16.50%
10.44%
N/A
TLT
1.24%
1.40%
-8.84%
-1.08%
-7.35%
-1.08%
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BJAN vs. TLT - Expense Ratio Comparison
BJAN has a 0.79% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
BJAN vs. TLT — Risk-Adjusted Performance Rank
BJAN
TLT
BJAN vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
BJAN has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.26%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.26% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
BJAN vs. TLT - Drawdown Comparison
The maximum BJAN drawdown since its inception was -26.86%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BJAN and TLT. For additional features, visit the drawdowns tool.
Volatility
BJAN vs. TLT - Volatility Comparison
The current volatility for Innovator U.S. Equity Buffer ETF - January (BJAN) is 2.05%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.89%. This indicates that BJAN experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.