EJAN vs. IBID
EJAN (Innovator Emerging Markets Power Buffer ETF January) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - EJAN is a Volatility Hedged Equity fund tracking the MSCI Emerging Markets Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, EJAN returned 15.14% vs 4.04% for IBID. At a 0.04 correlation, their price movements are largely independent. EJAN charges 0.89%/yr vs 0.10%/yr for IBID.
Performance
EJAN vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, EJAN achieves a 7.00% return, which is significantly higher than IBID's 1.99% return.
EJAN
- 1D
- 0.01%
- 1M
- 1.47%
- YTD
- 7.00%
- 6M
- 7.31%
- 1Y
- 15.14%
- 3Y*
- 8.66%
- 5Y*
- 3.21%
- 10Y*
- —
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EJAN vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EJAN Innovator Emerging Markets Power Buffer ETF January | 7.00% | 14.78% | 2.69% | 2.34% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between EJAN and IBID is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.04 |
The correlation between EJAN and IBID shifts across timeframes, from -0.12 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EJAN vs. IBID — Risk / Return Rank
EJAN
IBID
EJAN vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF January (EJAN) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.
| EJAN | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.75 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 8.22 | -5.93 |
| Martin ratioReturn relative to average drawdown | 10.51 | 30.99 | -20.48 |
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Drawdowns
EJAN vs. IBID - Drawdown Comparison
The maximum EJAN drawdown since its inception was -22.23%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for EJAN and IBID.
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Drawdown Indicators
| EJAN | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.23% | -1.28% | -20.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -0.49% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.49% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -0.22% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 0.13% | +1.31% |
Volatility
EJAN vs. IBID - Volatility Comparison
Innovator Emerging Markets Power Buffer ETF January (EJAN) has a higher volatility of 2.93% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that EJAN's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EJAN | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 0.35% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 0.86% | +6.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.17% | 1.23% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.13% | 2.24% | +8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 2.24% | +10.44% |
EJAN vs. IBID - Expense Ratio Comparison
EJAN has a 0.89% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
EJAN vs. IBID - Dividend Comparison
EJAN has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 3.68%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EJAN Innovator Emerging Markets Power Buffer ETF January | 0.00% | 0.00% | 0.00% | 0.00% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% |
Frequently Asked Questions
EJAN and IBID have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EJAN has higher volatility (2.93%) compared to IBID (0.35%). In terms of maximum drawdown, EJAN dropped -22.23% vs IBID's -1.28%.
On 1-year performance, EJAN leads with 15.14% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EJAN has performed better with a 15.14% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.89% for EJAN.
IBID has the higher dividend yield at 3.68%, compared with 0.00% for EJAN.
EJAN is categorized as Volatility Hedged Equity, while IBID is Inflation-Protected Bonds. EJAN tracks MSCI Emerging Markets Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Innovator and iShares. Their fees differ too: 0.89% for EJAN and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.29 vs 1.86), 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.
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