DDFD vs. JANB

Last updated Jun 6, 2026

DDFD (Innovator Equity Dual Directional 15 Buffer ETF - December) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. DDFD is passively managed, while JANB is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. DDFD charges 0.79%/yr vs 0.25%/yr for JANB.

Performance

DDFD vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Dual Directional 15 Buffer ETF - December (DDFD) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDFD achieves a 3.55% return, which is significantly lower than JANB's 5.22% return.

DDFD

• 1D: -0.53%
• 1M: 0.35%
• YTD: 3.55%
• 6M: 4.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -1.00%
• 1M: 0.53%
• YTD: 5.22%
• 6M: 6.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDFD vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
DDFD Innovator Equity Dual Directional 15 Buffer ETF - December	3.55%	0.64%
JANB Aptus January Buffer ETF	5.22%	1.21%

Correlation

The correlation between DDFD and JANB is 0.89, 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 Dec 2, 2025	0.89

Return for Risk

DDFD vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - December (DDFD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DDFD	JANB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.66	1.73	-0.06

Drawdowns

DDFD vs. JANB - Drawdown Comparison

The maximum DDFD drawdown since its inception was -3.10%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for DDFD and JANB.

Drawdown Indicators

	DDFD	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-3.10%	-6.52%	+3.42%
Current Drawdown Current decline from peak	-0.53%	-1.03%	+0.50%
Average Drawdown Average peak-to-trough decline	-0.43%	-1.13%	+0.70%

Volatility

Volatility by Period

	DDFD	JANB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.11%	7.48%	-2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.11%	7.48%	-2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.11%	7.48%	-2.37%

DDFD vs. JANB - Expense Ratio Comparison

DDFD has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

DDFD vs. JANB - Dividend Comparison

Neither DDFD nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DDFD and JANB in my portfolio?

DDFD and JANB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDFD or JANB?

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.

Which ETF is cheaper, DDFD or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for DDFD.

Which ETF pays a higher dividend yield, DDFD or JANB?

DDFD and JANB have nearly identical dividend yields, around 0.00%.

What is the main difference between DDFD and JANB?

They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for DDFD and 0.25% for JANB.