EVLU vs. EJAN
EVLU (iShares MSCI Emerging Markets Value Factor ETF) and EJAN (Innovator Emerging Markets Power Buffer ETF January) are both exchange-traded funds - EVLU is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value Factor Select Index (Net), while EJAN is a Defined Outcome fund tracking the MSCI Emerging Markets Index. Both are passively managed. Over the past year, EVLU returned 52.71% vs 11.50% for EJAN. Their correlation of 0.82 means they have usually moved in the same direction. EVLU charges 0.35%/yr vs 0.89%/yr for EJAN.
Performance
EVLU vs. EJAN - Performance Comparison
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Returns By Period
In the year-to-date period, EVLU achieves a 26.39% return, which is significantly higher than EJAN's 6.14% return.
EVLU
- 1D
- 0.12%
- 1M
- 0.50%
- 6M
- 16.81%
- YTD
- 26.39%
- 1Y
- 52.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.20%
EJAN
- 1D
- 0.42%
- 1M
- 0.75%
- 6M
- 3.18%
- YTD
- 6.14%
- 1Y
- 11.50%
- 3Y*
- 6.90%
- 5Y*
- 3.53%
- 10Y*
- —
- ALL TIME*
- 4.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $267.44K | $193.23K | $472.80K | |
| $154.42K | $144.62K | $121.49K |
EVLU vs. EJAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 26.39% | 38.54% | 1.21% |
EJAN Innovator Emerging Markets Power Buffer ETF January | 6.14% | 14.78% | -1.40% |
Correlation
The correlation between EVLU and EJAN is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.82 |
The correlation between EVLU and EJAN has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
EVLU vs. EJAN — Risk / Return Rank
EVLU
EJAN
EVLU vs. EJAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) and Innovator Emerging Markets Power Buffer ETF January (EJAN). 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.
| EVLU | EJAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 1.69 | +2.31 |
| Martin ratioReturn relative to average drawdown | 11.62 | 7.40 | +4.22 |
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Drawdowns
EVLU vs. EJAN - Drawdown Comparison
The maximum EVLU drawdown since its inception was -17.17%, smaller than the maximum EJAN drawdown of -22.23%. Use the drawdown chart below to compare losses from any high point for EVLU and EJAN.
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Drawdown Indicators
| EVLU | EJAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -22.23% | +5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -6.63% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.84% | — |
Current DrawdownCurrent decline from peak | -7.82% | -0.80% | -7.02% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -5.67% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 1.51% | +2.93% |
Volatility
EVLU vs. EJAN - Volatility Comparison
iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a higher volatility of 6.36% compared to Innovator Emerging Markets Power Buffer ETF January (EJAN) at 2.75%. This indicates that EVLU's price experiences larger fluctuations and is considered to be riskier than EJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EVLU | EJAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 2.75% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 18.46% | 8.21% | +10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.91% | 8.64% | +12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.37% | 11.15% | +9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.37% | 12.63% | +7.74% |
EVLU vs. EJAN - Expense Ratio Comparison
EVLU has a 0.35% expense ratio, which is lower than EJAN's 0.89% expense ratio.
Dividends
EVLU vs. EJAN - Dividend Comparison
EVLU's dividend yield for the trailing twelve months is around 3.85%, while EJAN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EJAN Innovator Emerging Markets Power Buffer ETF January | 0.00% | 0.00% | 0.00% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.85% | 5.20% | 1.03% |
Frequently Asked Questions
EVLU and EJAN have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (6.36%) compared to EJAN (2.75%). In terms of maximum drawdown, EVLU dropped -17.17% vs EJAN's -22.23%.
On 1-year performance, EVLU leads with 52.71% vs 11.50% for EJAN. On fees, EVLU is cheaper at 0.35% per year. On volatility, EJAN has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 52.71% return vs 11.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.89% for EJAN.
EVLU has the higher dividend yield at 3.85%, compared with 0.00% for EJAN.
EVLU is categorized as Emerging Markets Equities, while EJAN is Defined Outcome. EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net), while EJAN tracks MSCI Emerging Markets Index. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.35% for EVLU and 0.89% for EJAN.
EVLU currently has the higher Sharpe Ratio (2.47 vs 1.30), 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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