DJAN vs. NJAN
Compare and contrast key facts about FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN) and Innovator Growth-100 Power Buffer ETF - January (NJAN).
DJAN and NJAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DJAN is an actively managed fund by FT Vest. It was launched on Jan 14, 2021. NJAN is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 1, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DJAN or NJAN.
Key characteristics
| DJAN | NJAN | |
|---|---|---|
| YTD Return | 9.43% | 9.64% |
| 1Y Return | 14.57% | 12.32% |
| 3Y Return (Ann) | 5.98% | 3.19% |
| Sharpe Ratio | 2.26 | 1.79 |
| Daily Std Dev | 6.36% | 6.90% |
| Max Drawdown | -9.57% | -20.70% |
| Current Drawdown | -0.17% | -0.50% |
Correlation
The correlation between DJAN and NJAN is 0.82, 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.
Performance
DJAN vs. NJAN - Performance Comparison
The year-to-date returns for both investments are quite close, with DJAN having a 9.43% return and NJAN slightly higher at 9.64%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DJAN vs. NJAN - Expense Ratio Comparison
DJAN has a 0.85% expense ratio, which is higher than NJAN's 0.79% expense ratio.
Risk-Adjusted Performance
DJAN vs. NJAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN) and Innovator Growth-100 Power Buffer ETF - January (NJAN). 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.
Dividends
DJAN vs. NJAN - Dividend Comparison
Neither DJAN nor NJAN has paid dividends to shareholders.
Drawdowns
DJAN vs. NJAN - Drawdown Comparison
The maximum DJAN drawdown since its inception was -9.57%, smaller than the maximum NJAN drawdown of -20.70%. Use the drawdown chart below to compare losses from any high point for DJAN and NJAN. For additional features, visit the drawdowns tool.
Volatility
DJAN vs. NJAN - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN) is 1.68%, while Innovator Growth-100 Power Buffer ETF - January (NJAN) has a volatility of 2.48%. This indicates that DJAN experiences smaller price fluctuations and is considered to be less risky than NJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.