FEBZ vs. JANB
FEBZ (TrueShares Structured Outcome (February) ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. FEBZ is passively managed, while JANB is actively managed. Their correlation of 0.94 suggests significant overlap in exposure. FEBZ charges 0.79%/yr vs 0.25%/yr for JANB.
Performance
FEBZ vs. JANB - Performance Comparison
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Returns By Period
In the year-to-date period, FEBZ achieves a 7.99% return, which is significantly higher than JANB's 6.08% return.
FEBZ
- 1D
- -0.49%
- 1M
- 4.07%
- YTD
- 7.99%
- 6M
- 7.75%
- 1Y
- 20.13%
- 3Y*
- 15.79%
- 5Y*
- 11.22%
- 10Y*
- —
JANB
- 1D
- -0.22%
- 1M
- 2.38%
- YTD
- 6.08%
- 6M
- 7.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FEBZ vs. JANB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FEBZ TrueShares Structured Outcome (February) ETF | 7.99% | 2.25% |
JANB Aptus January Buffer ETF | 6.08% | 2.69% |
Correlation
The correlation between FEBZ and JANB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.94 |
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Return for Risk
FEBZ vs. JANB — Risk / Return Rank
FEBZ
JANB
FEBZ vs. JANB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (February) ETF (FEBZ) and Aptus January Buffer ETF (JANB). 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.
| FEBZ | JANB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | — | — |
| Martin ratioReturn relative to average drawdown | 12.21 | — | — |
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
| FEBZ | JANB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.97 | -0.96 |
Drawdowns
FEBZ vs. JANB - Drawdown Comparison
The maximum FEBZ drawdown since its inception was -17.50%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for FEBZ and JANB.
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Drawdown Indicators
| FEBZ | JANB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.50% | -6.52% | -10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.50% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.22% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -1.14% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | — | — |
Volatility
FEBZ vs. JANB - Volatility Comparison
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Volatility by Period
| FEBZ | JANB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.34% | 7.41% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 7.41% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.35% | 7.41% | +4.94% |
FEBZ vs. JANB - Expense Ratio Comparison
FEBZ has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.
Dividends
FEBZ vs. JANB - Dividend Comparison
FEBZ's dividend yield for the trailing twelve months is around 2.96%, while JANB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FEBZ TrueShares Structured Outcome (February) ETF | 2.96% | 3.20% | 3.88% | 6.81% |
JANB Aptus January Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, FEBZ and JANB 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.
On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for FEBZ.
FEBZ has the higher dividend yield at 2.96%, compared with 0.00% for JANB.
They also come from different issuers: TrueShares and Aptus Capital Advisors. Their fees differ too: 0.79% for FEBZ and 0.25% for JANB.
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