EJAN vs. QLVE
Compare and contrast key facts about Innovator Emerging Markets Power Buffer ETF January (EJAN) and FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE).
EJAN and QLVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EJAN is a passively managed fund by Innovator that tracks the performance of the MSCI Emerging Markets Index. It was launched on Jan 1, 2020. QLVE is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Emerging Markets Quality Low Volatility Index. It was launched on Jul 15, 2019. Both EJAN and QLVE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EJAN vs. QLVE - Performance Comparison
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EJAN vs. QLVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EJAN Innovator Emerging Markets Power Buffer ETF January | 0.23% | 14.78% | 2.69% | 5.37% | -8.01% | -1.53% | 10.46% |
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 0.22% | 21.87% | 10.17% | 8.53% | -13.10% | 0.90% | 2.85% |
Returns By Period
The year-to-date returns for both stocks are quite close, with EJAN having a 0.23% return and QLVE slightly lower at 0.22%.
EJAN
- 1D
- -0.62%
- 1M
- -1.00%
- YTD
- 0.23%
- 6M
- 1.80%
- 1Y
- 11.91%
- 3Y*
- 6.37%
- 5Y*
- 2.13%
- 10Y*
- —
QLVE
- 1D
- -1.07%
- 1M
- -3.08%
- YTD
- 0.22%
- 6M
- 2.69%
- 1Y
- 18.83%
- 3Y*
- 12.35%
- 5Y*
- 4.27%
- 10Y*
- —
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EJAN vs. QLVE - Expense Ratio Comparison
EJAN has a 0.89% expense ratio, which is higher than QLVE's 0.40% expense ratio.
Return for Risk
EJAN vs. QLVE — Risk / Return Rank
EJAN
QLVE
EJAN vs. QLVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF January (EJAN) and FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE). 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.
| EJAN | QLVE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.16 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.79 | 1.70 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.67 | -0.08 |
Martin ratioReturn relative to average drawdown | 7.40 | 6.79 | +0.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EJAN | QLVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.16 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.33 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.33 | -0.05 |
Correlation
The correlation between EJAN and QLVE is 0.86, 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.
Dividends
EJAN vs. QLVE - Dividend Comparison
EJAN has not paid dividends to shareholders, while QLVE's dividend yield for the trailing twelve months is around 2.85%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EJAN Innovator Emerging Markets Power Buffer ETF January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fund | 2.85% | 3.14% | 3.11% | 3.00% | 2.48% | 2.57% | 1.66% | 1.27% |
Drawdowns
EJAN vs. QLVE - Drawdown Comparison
The maximum EJAN drawdown since its inception was -22.23%, smaller than the maximum QLVE drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for EJAN and QLVE.
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Drawdown Indicators
| EJAN | QLVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.23% | -29.96% | +7.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -11.60% | +4.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -24.04% | +2.04% |
Current DrawdownCurrent decline from peak | -4.43% | -9.25% | +4.82% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -8.45% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.85% | -1.25% |
Volatility
EJAN vs. QLVE - Volatility Comparison
The current volatility for Innovator Emerging Markets Power Buffer ETF January (EJAN) is 5.20%, while FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) has a volatility of 7.95%. This indicates that EJAN experiences smaller price fluctuations and is considered to be less risky than QLVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EJAN | QLVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 7.95% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 6.49% | 13.09% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.87% | 16.29% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.05% | 13.09% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.77% | 15.62% | -2.85% |