IJAN vs. YSEP

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator International Developed Power Buffer ETF - January (IJAN) and FT Cboe Vest International Equity Buffer ETF - September (YSEP).

IJAN and YSEP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJAN is an actively managed fund by Innovator. It was launched on Dec 31, 2019. YSEP is an actively managed fund by FT Vest. It was launched on Sep 17, 2021.

Performance

IJAN vs. YSEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - January (IJAN) and FT Cboe Vest International Equity Buffer ETF - September (YSEP). The values are adjusted to include any dividend payments, if applicable.

IJAN vs. YSEP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IJAN Innovator International Developed Power Buffer ETF - January	0.33%	19.62%	-0.57%	13.82%	-2.52%	2.57%
YSEP FT Cboe Vest International Equity Buffer ETF - September	0.60%	19.88%	4.63%	15.48%	-9.75%	-0.50%

Returns By Period

In the year-to-date period, IJAN achieves a 0.33% return, which is significantly lower than YSEP's 0.60% return.

IJAN

• 1D: 1.79%
• 1M: -3.64%
• YTD: 0.33%
• 6M: 3.10%
• 1Y: 13.47%
• 3Y*: 8.44%
• 5Y*: 6.72%
• 10Y*: —

YSEP

• 1D: 1.55%
• 1M: -3.52%
• YTD: 0.60%
• 6M: 2.63%
• 1Y: 15.14%
• 3Y*: 10.81%
• 5Y*: —
• 10Y*: —

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

IJAN vs. YSEP - Expense Ratio Comparison

IJAN has a 0.85% expense ratio, which is lower than YSEP's 0.90% expense ratio.

YSEP

FT Cboe Vest International Equity Buffer ETF - September

IJAN

Innovator International Developed Power Buffer ETF - January

Return for Risk

IJAN vs. YSEP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IJAN

IJAN Risk / Return Rank: 76
IJAN Sharpe Ratio Rank: 74
IJAN Sortino Ratio Rank: 76
IJAN Omega Ratio Rank: 83
IJAN Calmar Ratio Rank: 70
IJAN Martin Ratio Rank: 77

YSEP

YSEP Risk / Return Rank: 84
YSEP Sharpe Ratio Rank: 82
YSEP Sortino Ratio Rank: 84
YSEP Omega Ratio Rank: 83
YSEP Calmar Ratio Rank: 85
YSEP Martin Ratio Rank: 86

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.

IJAN vs. YSEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - January (IJAN) and FT Cboe Vest International Equity Buffer ETF - September (YSEP). 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.

	IJAN	YSEP	Difference
Sharpe ratio Return per unit of total volatility	1.34	1.62	-0.28
Sortino ratio Return per unit of downside risk	1.93	2.26	-0.33
Omega ratio Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio Return relative to maximum drawdown	1.78	2.63	-0.84
Martin ratio Return relative to average drawdown	8.29	10.33	-2.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJAN vs. YSEP - Sharpe Ratio Comparison

The current IJAN Sharpe Ratio is 1.34, which is comparable to the YSEP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of IJAN and YSEP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IJAN	YSEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.62	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.53	-0.03

Correlation

The correlation between IJAN and YSEP is 0.93, 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

IJAN vs. YSEP - Dividend Comparison

Neither IJAN nor YSEP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IJAN vs. YSEP - Drawdown Comparison

The maximum IJAN drawdown since its inception was -22.68%, roughly equal to the maximum YSEP drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for IJAN and YSEP.

Drawdown Indicators

	IJAN	YSEP	Difference
Max Drawdown Largest peak-to-trough decline	-22.68%	-22.58%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-5.65%	-1.52%
Max Drawdown (5Y) Largest decline over 5 years	-16.71%	—	—
Current Drawdown Current decline from peak	-4.02%	-3.53%	-0.49%
Average Drawdown Average peak-to-trough decline	-3.00%	-4.28%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	1.44%	+0.10%

Volatility

IJAN vs. YSEP - Volatility Comparison

Innovator International Developed Power Buffer ETF - January (IJAN) has a higher volatility of 4.64% compared to FT Cboe Vest International Equity Buffer ETF - September (YSEP) at 4.11%. This indicates that IJAN's price experiences larger fluctuations and is considered to be riskier than YSEP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJAN	YSEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	4.11%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	5.61%	5.75%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	10.11%	9.37%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.21%	11.50%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.59%	11.50%	+1.09%