DGJA vs. KMAR

Last updated Jul 2, 2026

DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and KMAR (Innovator U.S. Small Cap Power Buffer ETF - March) are both Defined Outcome funds. DGJA is actively managed, while KMAR is passively managed. Their correlation of 0.83 suggests significant overlap in exposure. DGJA charges 0.85%/yr vs 0.79%/yr for KMAR.

Performance

DGJA vs. KMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and Innovator U.S. Small Cap Power Buffer ETF - March (KMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DGJA

• 1D: 0.10%
• 1M: 0.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KMAR

• 1D: 0.05%
• 1M: 2.11%
• YTD: 12.18%
• 6M: 12.18%
• 1Y: 23.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGJA vs. KMAR - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	4.14%
KMAR Innovator U.S. Small Cap Power Buffer ETF - March	9.07%

Correlation

The correlation between DGJA and KMAR is 0.83, 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 Jan 20, 2026	0.83

Return for Risk

DGJA vs. KMAR — Risk / Return Rank

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

DGJA

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

KMAR

KMAR Risk / Return Rank: 90
KMAR Sharpe Ratio Rank: 89
KMAR Sortino Ratio Rank: 91
KMAR Omega Ratio Rank: 89
KMAR Calmar Ratio Rank: 90
KMAR Martin Ratio Rank: 92

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.

DGJA vs. KMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and Innovator U.S. Small Cap Power Buffer ETF - March (KMAR). 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.

	DGJA	KMAR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.49	—
Sortino ratio: Return per unit of downside risk	—	3.61	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	4.75	—
Martin ratio: Return relative to average drawdown	—	19.46	—

Drawdowns

DGJA vs. KMAR - Drawdown Comparison

The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum KMAR drawdown of -11.32%. Use the drawdown chart below to compare losses from any high point for DGJA and KMAR.

Drawdown Indicators

	DGJA	KMAR	Difference
Max Drawdown Largest peak-to-trough decline	-3.79%	-11.32%	+7.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.89%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.51%	-1.32%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.19%	—

Volatility

Volatility by Period

	DGJA	KMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.57%	9.36%	-3.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.57%	12.06%	-6.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.57%	12.06%	-6.49%

DGJA vs. KMAR - Expense Ratio Comparison

DGJA has a 0.85% expense ratio, which is higher than KMAR's 0.79% expense ratio.

Dividends

DGJA vs. KMAR - Dividend Comparison

Neither DGJA nor KMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DGJA and KMAR in my portfolio?

DGJA and KMAR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGJA or KMAR?

On fees, KMAR is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGJA or KMAR?

KMAR is cheaper with a 0.79% expense ratio, compared with 0.85% for DGJA.

Which ETF pays a higher dividend yield, DGJA or KMAR?

DGJA and KMAR have nearly identical dividend yields, around 0.00%.

What is the main difference between DGJA and KMAR?

They also come from different issuers: First Trust and Innovator. Their fees differ too: 0.85% for DGJA and 0.79% for KMAR.