IAUG vs. JANB

Last updated Aug 4, 2026

IAUG (Innovator International Developed Power Buffer ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their 0.71 correlation means they have sometimes moved together and sometimes differently. IAUG charges 0.85%/yr vs 0.25%/yr for JANB.

Performance

IAUG vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF (IAUG) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IAUG having a 7.52% return and JANB slightly higher at 7.57%.

IAUG

• 1D: 0.39%
• 1M: 1.22%
• 6M: 5.03%
• YTD: 7.52%
• 1Y: 13.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.10%

JANB

• 1D: 0.58%
• 1M: 1.38%
• 6M: 6.24%
• YTD: 7.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IAUG Innovator International Developed Power Buffer ETF	$1.28M	$757.29K	$377.09K
JANB Aptus January Buffer ETF	$166.17K	$159.93K	$575.10K

IAUG vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
IAUG Innovator International Developed Power Buffer ETF	7.52%	2.71%
JANB Aptus January Buffer ETF	7.57%	2.76%

Correlation

The correlation between IAUG and JANB is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.71

Return for Risk

IAUG vs. JANB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IAUG

IAUG Risk / Return Rank: 84
IAUG Sharpe Ratio Rank: 86
IAUG Sortino Ratio Rank: 87
IAUG Omega Ratio Rank: 88
IAUG Calmar Ratio Rank: 77
IAUG Martin Ratio Rank: 84

JANB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IAUG vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF (IAUG) 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.

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.

	IAUG	JANB	Difference
Sharpe ratio: Return per unit of total volatility	2.18	—	—
Sortino ratio: Return per unit of downside risk	3.15	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.95	—	—
Martin ratio: Return relative to average drawdown	12.60	—	—

Drawdowns

IAUG vs. JANB - Drawdown Comparison

The maximum IAUG drawdown since its inception was -8.03%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for IAUG and JANB.

Drawdown Indicators

	IAUG	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-8.03%	-6.52%	-1.51%
Max Drawdown (1Y) Largest decline over 1 year	-4.75%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.53%	-1.01%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	—	—

Volatility

Volatility by Period

	IAUG	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.44%	7.38%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.75%	7.38%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.75%	7.38%	+1.37%

IAUG vs. JANB - Expense Ratio Comparison

IAUG has a 0.85% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

IAUG vs. JANB - Dividend Comparison

Neither IAUG nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IAUG and JANB in my portfolio?

IAUG and JANB have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IAUG or JANB?

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.

Which ETF is cheaper, IAUG or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.85% for IAUG.

Which ETF pays a higher dividend yield, IAUG or JANB?

IAUG and JANB have nearly identical dividend yields, around 0.00%.

What is the main difference between IAUG and JANB?

They also come from different issuers: Innovator and Aptus. Their fees differ too: 0.85% for IAUG and 0.25% for JANB.