DJAN vs. SPD
DJAN (FT Cboe Vest U.S. Equity Deep Buffer ETF - January) and SPD (Simplify US Equity PLUS Downside Convexity ETF) are both exchange-traded funds - DJAN is a Options Trading fund actively managed by FT Vest, while SPD is a Large Cap Blend Equities fund actively managed by Simplify. Both are actively managed. Over the past 5 years, DJAN returned 7.74%/yr vs 7.54%/yr for SPD. Their correlation of 0.84 means they have usually moved in the same direction. DJAN charges 0.85%/yr vs 0.53%/yr for SPD.
Performance
DJAN vs. SPD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DJAN achieves a 6.02% return, which is significantly lower than SPD's 7.33% return.
DJAN
- 1D
- 0.44%
- 1M
- 1.16%
- 6M
- 5.04%
- YTD
- 6.02%
- 1Y
- 13.42%
- 3Y*
- 11.93%
- 5Y*
- 7.74%
- 10Y*
- —
- ALL TIME*
- 7.94%
SPD
- 1D
- 1.80%
- 1M
- 1.36%
- 6M
- 6.17%
- YTD
- 7.33%
- 1Y
- 13.84%
- 3Y*
- 16.41%
- 5Y*
- 7.54%
- 10Y*
- —
- ALL TIME*
- 10.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $494.74K | $463.23K | $645.97K | |
| $297.15K | $312.14K | $351.11K |
DJAN vs. SPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DJAN FT Cboe Vest U.S. Equity Deep Buffer ETF - January | 6.02% | 11.09% | 13.05% | 13.81% | -5.73% | 6.87% |
SPD Simplify US Equity PLUS Downside Convexity ETF | 7.33% | 18.86% | 17.49% | 20.94% | -25.96% | 24.40% |
Correlation
The correlation between DJAN and SPD is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2021 | 0.84 |
The correlation between DJAN and SPD has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DJAN vs. SPD — Risk / Return Rank
DJAN
SPD
DJAN vs. SPD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN) and Simplify US Equity PLUS Downside Convexity ETF (SPD). 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.
| DJAN | SPD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.18 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 1.17 | +1.99 |
| Martin ratioReturn relative to average drawdown | 15.25 | 3.68 | +11.57 |
Loading charts...
Drawdowns
DJAN vs. SPD - Drawdown Comparison
The maximum DJAN drawdown since its inception was -9.57%, smaller than the maximum SPD drawdown of -27.38%. Use the drawdown chart below to compare losses from any high point for DJAN and SPD.
Loading charts...
Drawdown Indicators
| DJAN | SPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -27.38% | +17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -11.90% | +7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -9.33% | -15.18% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -27.38% | +17.81% |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -7.56% | +5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 3.77% | -2.89% |
Volatility
DJAN vs. SPD - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN) is 1.60%, while Simplify US Equity PLUS Downside Convexity ETF (SPD) has a volatility of 4.12%. This indicates that DJAN experiences smaller price fluctuations and is considered to be less risky than SPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DJAN | SPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 4.12% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.74% | 9.54% | -4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 13.29% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.09% | 16.18% | -9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.91% | 15.95% | -9.04% |
DJAN vs. SPD - Expense Ratio Comparison
DJAN has a 0.85% expense ratio, which is higher than SPD's 0.53% expense ratio.
Dividends
DJAN vs. SPD - Dividend Comparison
DJAN has not paid dividends to shareholders, while SPD's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DJAN FT Cboe Vest U.S. Equity Deep Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPD Simplify US Equity PLUS Downside Convexity ETF | 0.95% | 0.97% | 1.14% | 1.91% | 1.64% | 0.88% | 0.43% |
Frequently Asked Questions
With a correlation of 0.92, DJAN and SPD 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.
SPD has higher volatility (4.12%) compared to DJAN (1.60%). In terms of maximum drawdown, DJAN dropped -9.57% vs SPD's -27.38%.
On 5-year performance, DJAN leads with 7.74% vs 7.54% for SPD. On fees, SPD is cheaper at 0.53% per year. On volatility, DJAN has been the lower-risk option at 1.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DJAN has performed better with a 7.74% return vs 7.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPD is cheaper with a 0.53% expense ratio, compared with 0.85% for DJAN.
SPD has the higher dividend yield at 0.95%, compared with 0.00% for DJAN.
DJAN is categorized as Options Trading, while SPD is Large Cap Blend Equities. They also come from different issuers: FT Vest and Simplify. Their fees differ too: 0.85% for DJAN and 0.53% for SPD.
DJAN currently has the higher Sharpe Ratio (2.30 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for DJAN and SPD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer