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EJAN vs. XMLV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EJAN vs. XMLV

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator Emerging Markets Power Buffer ETF January (EJAN) and Invesco S&P MidCap Low Volatility ETF (XMLV).

EJAN and XMLV 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. XMLV is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Low Volatility Index. It was launched on Feb 15, 2013. Both EJAN and XMLV 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. XMLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Emerging Markets Power Buffer ETF January (EJAN) and Invesco S&P MidCap Low Volatility ETF (XMLV). The values are adjusted to include any dividend payments, if applicable.

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EJAN vs. XMLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
EJAN
Innovator Emerging Markets Power Buffer ETF January		0.86%14.78%2.69%5.37%-8.01%-1.53%10.46%
XMLV
Invesco S&P MidCap Low Volatility ETF		2.05%5.55%17.08%1.86%-6.55%23.00%-7.61%

Returns By Period

In the year-to-date period, EJAN achieves a 0.86% return, which is significantly lower than XMLV's 2.05% return.

EJAN

1D
0.44%
1M
-2.79%
YTD
0.86%
6M
2.62%
1Y
12.50%
3Y*
6.53%
5Y*
2.25%
10Y*
—

XMLV

1D
0.16%
1M
-5.34%
YTD
2.05%
6M
0.99%
1Y
4.82%
3Y*
9.21%
5Y*
5.94%
10Y*
7.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Innovator Emerging Markets Power Buffer ETF January

Invesco S&P MidCap Low Volatility ETF

Often compared with EJAN:
EJAN vs. LVHIEJAN vs. FDLOEJAN vs. LGLVEJAN vs. LVHDEJAN vs. HUSVEJAN vs. QLVEJAN vs. QLVD
Often compared with XMLV:
XMLV vs. SPLVXMLV vs. VOXMLV vs. VOOXMLV vs. USMVXMLV vs. OMFLXMLV vs. FTBFXXMLV vs. IWM

EJAN vs. XMLV - Expense Ratio Comparison

EJAN has a 0.89% expense ratio, which is higher than XMLV's 0.25% expense ratio.

EJAN
Innovator Emerging Markets Power Buffer ETF January
XMLV
Invesco S&P MidCap Low Volatility ETF

Return for Risk

EJAN vs. XMLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EJAN
EJAN Risk / Return Rank: 7070
Overall Rank
EJAN Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
EJAN Sortino Ratio Rank: 7171
Sortino Ratio Rank
EJAN Omega Ratio Rank: 8080
Omega Ratio Rank
EJAN Calmar Ratio Rank: 6060
Calmar Ratio Rank
EJAN Martin Ratio Rank: 7070
Martin Ratio Rank
XMLV
XMLV Risk / Return Rank: 2222
Overall Rank
XMLV Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
XMLV Sortino Ratio Rank: 2020
Sortino Ratio Rank
XMLV Omega Ratio Rank: 1919
Omega Ratio Rank
XMLV Calmar Ratio Rank: 2222
Calmar Ratio Rank
XMLV Martin Ratio Rank: 2626
Martin Ratio Rank
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.

EJAN vs. XMLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Emerging Markets Power Buffer ETF January (EJAN) and Invesco S&P MidCap Low Volatility ETF (XMLV). 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.

EJANXMLVDifference

Sharpe ratio

Return per unit of total volatility

1.27

0.35

+0.92

Sortino ratio

Return per unit of downside risk

1.88

0.59

+1.29

Omega ratio

Gain probability vs. loss probability

1.32

1.08

+0.25

Calmar ratio

Return relative to maximum drawdown

1.69

0.49

+1.20

Martin ratio

Return relative to average drawdown

8.03

2.11

+5.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EJAN vs. XMLV - Sharpe Ratio Comparison

The current EJAN Sharpe Ratio is 1.27, which is higher than the XMLV Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of EJAN and XMLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EJANXMLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.27

0.35

+0.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

0.41

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.60

-0.31

Correlation

The correlation between EJAN and XMLV is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EJAN vs. XMLV - Dividend Comparison

EJAN has not paid dividends to shareholders, while XMLV's dividend yield for the trailing twelve months is around 2.92%.

TTM20252024202320222021202020192018201720162015
EJAN
Innovator Emerging Markets Power Buffer ETF January		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XMLV
Invesco S&P MidCap Low Volatility ETF		2.92%2.87%2.23%2.34%2.05%1.14%1.93%2.02%2.13%1.74%1.72%1.85%

Drawdowns

EJAN vs. XMLV - Drawdown Comparison

The maximum EJAN drawdown since its inception was -22.23%, smaller than the maximum XMLV drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for EJAN and XMLV.

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Drawdown Indicators

EJANXMLVDifference

Max Drawdown

Largest peak-to-trough decline

-22.23%

-39.86%

+17.63%

Max Drawdown (1Y)

Largest decline over 1 year

-7.42%

-10.67%

+3.25%

Max Drawdown (5Y)

Largest decline over 5 years

-22.00%

-16.53%

-5.47%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.86%

—

Current Drawdown

Current decline from peak

-3.84%

-5.34%

+1.50%

Average Drawdown

Average peak-to-trough decline

-5.92%

-4.29%

-1.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.58%

2.50%

-0.92%

Volatility

EJAN vs. XMLV - Volatility Comparison

Innovator Emerging Markets Power Buffer ETF January (EJAN) has a higher volatility of 5.22% compared to Invesco S&P MidCap Low Volatility ETF (XMLV) at 3.34%. This indicates that EJAN's price experiences larger fluctuations and is considered to be riskier than XMLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EJANXMLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.22%

3.34%

+1.88%

Volatility (6M)

Calculated over the trailing 6-month period

6.46%

7.16%

-0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

9.85%

13.68%

-3.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.05%

14.44%

-3.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.78%

16.97%

-4.19%