BJAN vs. VTI

Last updated Jun 4, 2026

BJAN (Innovator U.S. Equity Buffer ETF - January) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - BJAN is a Defined Outcome fund tracking the S&P 500, while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 5 years, BJAN returned 10.70%/yr vs 12.69%/yr for VTI. Their correlation of 0.94 suggests significant overlap in exposure. BJAN charges 0.79%/yr vs 0.03%/yr for VTI.

Performance

BJAN vs. VTI - Performance Comparison

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

Returns By Period

In the year-to-date period, BJAN achieves a 7.04% return, which is significantly lower than VTI's 11.20% return.

BJAN

• 1D: -0.21%
• 1M: 2.97%
• YTD: 7.04%
• 6M: 8.66%
• 1Y: 20.54%
• 3Y*: 17.29%
• 5Y*: 10.70%
• 10Y*: —

VTI

• 1D: -0.72%
• 1M: 4.99%
• YTD: 11.20%
• 6M: 11.09%
• 1Y: 28.18%
• 3Y*: 22.07%
• 5Y*: 12.69%
• 10Y*: 15.05%

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

BJAN vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BJAN Innovator U.S. Equity Buffer ETF - January	7.04%	14.81%	17.36%	23.66%	-11.40%	13.86%	12.54%	20.73%
VTI Vanguard Total Stock Market ETF	11.20%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.57%

Correlation

The correlation between BJAN and VTI 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 (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019	0.94

The correlation between BJAN and VTI has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

BJAN vs. VTI - Sectors Allocation Comparison

Sectors	BJAN	VTI
Technology	36.2%	33.5%
Financial Services	11.9%	12.0%
Communication Services	10.9%	10.3%
Consumer Cyclical	10.1%	10.0%
Healthcare	8.4%	9.2%
Industrials	8.1%	9.8%
Consumer Defensive	4.9%	4.7%
Energy	3.5%	3.7%
Utilities	2.3%	2.3%
Real Estate	1.9%	2.4%
Basic Materials	1.8%	2.0%

Return for Risk

BJAN vs. VTI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BJAN

BJAN Risk / Return Rank: 80
BJAN Sharpe Ratio Rank: 82
BJAN Sortino Ratio Rank: 83
BJAN Omega Ratio Rank: 86
BJAN Calmar Ratio Rank: 66
BJAN Martin Ratio Rank: 83

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 69
VTI Sortino Ratio Rank: 68
VTI Omega Ratio Rank: 67
VTI Calmar Ratio Rank: 62
VTI Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BJAN vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and Vanguard Total Stock Market ETF (VTI). 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	VTI	Difference
Sharpe ratio Return per unit of total volatility	2.68	2.33	+0.35
Sortino ratio Return per unit of downside risk	3.77	3.18	+0.58
Omega ratio Gain probability vs. loss probability	1.53	1.42	+0.11
Calmar ratio Return relative to maximum drawdown	3.29	3.17	+0.12
Martin ratio Return relative to average drawdown	16.66	14.62	+2.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BJAN vs. VTI - Sharpe Ratio Comparison

The current BJAN Sharpe Ratio is 2.68, which is comparable to the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of BJAN and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BJAN	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.33	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.73	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.51	+0.41

Drawdowns

BJAN vs. VTI - Drawdown Comparison

The maximum BJAN drawdown since its inception was -26.86%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for BJAN and VTI.

Drawdown Indicators

	BJAN	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-26.86%	-55.45%	+28.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-8.92%	+2.65%
Max Drawdown (3Y) Largest decline over 3 years	-13.81%	-19.30%	+5.49%
Max Drawdown (5Y) Largest decline over 5 years	-17.38%	-25.36%	+7.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.21%	-0.72%	+0.51%
Average Drawdown Average peak-to-trough decline	-2.91%	-8.03%	+5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	1.93%	-0.69%

Volatility

BJAN vs. VTI - Volatility Comparison

The current volatility for Innovator U.S. Equity Buffer ETF - January (BJAN) is 1.43%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 2.96%. This indicates that BJAN experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BJAN	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	2.96%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	6.06%	9.13%	-3.07%
Volatility (1Y) Calculated over the trailing 1-year period	7.72%	12.17%	-4.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.97%	17.40%	-5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	18.30%	-4.23%

BJAN vs. VTI - Expense Ratio Comparison

BJAN has a 0.79% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

BJAN vs. VTI - Dividend Comparison

BJAN has not paid dividends to shareholders, while VTI's dividend yield for the trailing twelve months is around 1.01%.

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%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both BJAN and VTI in my portfolio?

With a correlation of 0.96, BJAN and VTI 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.

Which is riskier, BJAN or VTI?

VTI has higher volatility (2.96%) compared to BJAN (1.43%). In terms of maximum drawdown, BJAN dropped -26.86% vs VTI's -55.45%.

Which ETF is better, BJAN or VTI?

On 5-year performance, VTI leads with 12.69% vs 10.70% for BJAN. On fees, VTI is cheaper at 0.03% per year. On volatility, BJAN has been the lower-risk option at 1.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BJAN or VTI?

Over the 5-year period, VTI has performed better with a 12.69% return vs 10.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BJAN or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.79% for BJAN.

Which ETF pays a higher dividend yield, BJAN or VTI?

VTI has the higher dividend yield at 1.01%, compared with 0.00% for BJAN.

What is the main difference between BJAN and VTI?

BJAN is categorized as Defined Outcome, while VTI is Large Cap Blend Equities. BJAN tracks S&P 500, while VTI tracks CRSP US Total Market Index. They also come from different issuers: Innovator and Vanguard. Their fees differ too: 0.79% for BJAN and 0.03% for VTI.

Which has better risk-adjusted returns?

BJAN currently has the higher Sharpe Ratio (2.68 vs 2.33), 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.