BJAN vs. ZDEK
Compare and contrast key facts about Innovator U.S. Equity Buffer ETF - January (BJAN) and Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK).
BJAN and ZDEK 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 S&P 500. It was launched on Dec 31, 2018. ZDEK is an actively managed fund by Innovator. It was launched on Dec 1, 2024.
Performance
BJAN vs. ZDEK - Performance Comparison
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BJAN vs. ZDEK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BJAN Innovator U.S. Equity Buffer ETF - January | -2.35% | 14.81% | 0.61% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | -0.30% | 7.78% | -0.38% |
Returns By Period
In the year-to-date period, BJAN achieves a -2.35% return, which is significantly lower than ZDEK's -0.30% return.
BJAN
- 1D
- 0.81%
- 1M
- -2.91%
- YTD
- -2.35%
- 6M
- 1.26%
- 1Y
- 15.05%
- 3Y*
- 15.20%
- 5Y*
- 9.28%
- 10Y*
- —
ZDEK
- 1D
- 0.14%
- 1M
- -0.70%
- YTD
- -0.30%
- 6M
- 1.51%
- 1Y
- 8.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BJAN vs. ZDEK - Expense Ratio Comparison
Both BJAN and ZDEK have an expense ratio of 0.79%.
Return for Risk
BJAN vs. ZDEK — Risk / Return Rank
BJAN
ZDEK
BJAN vs. ZDEK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Buffer ETF - January (BJAN) and Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK). 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 | ZDEK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 2.43 | -1.26 |
Sortino ratioReturn per unit of downside risk | 1.76 | 3.69 | -1.93 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.50 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 5.32 | -3.69 |
Martin ratioReturn relative to average drawdown | 8.45 | 21.69 | -13.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BJAN | ZDEK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.43 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.54 | -0.71 |
Correlation
The correlation between BJAN and ZDEK is 0.87, 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.
Dividends
BJAN vs. ZDEK - Dividend Comparison
Neither BJAN nor ZDEK has paid dividends to shareholders.
| 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% |
ZDEK Innovator Equity Defined Protection ETF - 1 Yr December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BJAN vs. ZDEK - Drawdown Comparison
The maximum BJAN drawdown since its inception was -26.86%, which is greater than ZDEK's maximum drawdown of -3.40%. Use the drawdown chart below to compare losses from any high point for BJAN and ZDEK.
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Drawdown Indicators
| BJAN | ZDEK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.86% | -3.40% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -1.57% | -7.81% |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | — | — |
Current DrawdownCurrent decline from peak | -3.72% | -0.87% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -0.50% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 0.39% | +1.42% |
Volatility
BJAN vs. ZDEK - Volatility Comparison
Innovator U.S. Equity Buffer ETF - January (BJAN) has a higher volatility of 3.97% compared to Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) at 0.97%. This indicates that BJAN's price experiences larger fluctuations and is considered to be riskier than ZDEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BJAN | ZDEK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 0.97% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 2.01% | +4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 3.33% | +9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.00% | 3.45% | +8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.19% | 3.45% | +10.74% |