BUFB vs. JANB
BUFB (Innovator Laddered Allocation Buffer ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. BUFB is passively managed, while JANB is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. BUFB charges 0.89%/yr vs 0.25%/yr for JANB.
Performance
BUFB vs. JANB - Performance Comparison
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Returns By Period
In the year-to-date period, BUFB achieves a 5.97% return, which is significantly higher than JANB's 5.24% return.
BUFB
- 1D
- -0.31%
- 1M
- -0.43%
- YTD
- 5.97%
- 6M
- 5.58%
- 1Y
- 16.02%
- 3Y*
- 14.83%
- 5Y*
- —
- 10Y*
- —
JANB
- 1D
- -0.07%
- 1M
- -0.23%
- YTD
- 5.24%
- 6M
- 5.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUFB vs. JANB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BUFB Innovator Laddered Allocation Buffer ETF | 5.97% | 2.99% |
JANB Aptus January Buffer ETF | 5.24% | 2.76% |
Correlation
The correlation between BUFB and JANB is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.91 |
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Return for Risk
BUFB vs. JANB — Risk / Return Rank
BUFB
JANB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BUFB vs. JANB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Laddered Allocation Buffer ETF (BUFB) and Aptus January Buffer ETF (JANB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BUFB | JANB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | — | — |
| Martin ratioReturn relative to average drawdown | 16.22 | — | — |
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Drawdowns
BUFB vs. JANB - Drawdown Comparison
The maximum BUFB drawdown since its inception was -14.88%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for BUFB and JANB.
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Drawdown Indicators
| BUFB | JANB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.88% | -6.52% | -8.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.75% | — | — |
Current DrawdownCurrent decline from peak | -1.32% | -1.04% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -1.10% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | — | — |
Volatility
BUFB vs. JANB - Volatility Comparison
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Volatility by Period
| BUFB | JANB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 7.49% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.98% | 7.49% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.98% | 7.49% | +4.49% |
BUFB vs. JANB - Expense Ratio Comparison
BUFB has a 0.89% expense ratio, which is higher than JANB's 0.25% expense ratio.
Dividends
BUFB vs. JANB - Dividend Comparison
Neither BUFB nor JANB has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, BUFB and JANB 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.
On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JANB is cheaper with a 0.25% expense ratio, compared with 0.89% for BUFB.
BUFB and JANB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.89% for BUFB and 0.25% for JANB.
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