IJUL vs. JANB

Last updated Jun 24, 2026

IJUL (Innovator International Developed Power Buffer ETF - July) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. IJUL is passively managed, while JANB is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. IJUL charges 0.85%/yr vs 0.25%/yr for JANB.

Performance

IJUL vs. JANB - Performance Comparison

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

Returns By Period

In the year-to-date period, IJUL achieves a 6.52% return, which is significantly higher than JANB's 5.32% return.

IJUL

• 1D: -0.39%
• 1M: 1.28%
• YTD: 6.52%
• 6M: 6.64%
• 1Y: 15.14%
• 3Y*: 11.57%
• 5Y*: 7.89%
• 10Y*: —

JANB

• 1D: -0.50%
• 1M: -0.15%
• YTD: 5.32%
• 6M: 5.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IJUL vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
IJUL Innovator International Developed Power Buffer ETF - July	6.52%	2.79%
JANB Aptus January Buffer ETF	5.32%	2.76%

Correlation

The correlation between IJUL and JANB is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.78

Return for Risk

IJUL vs. JANB — Risk / Return Rank

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

IJUL

IJUL Risk / Return Rank: 66
IJUL Sharpe Ratio Rank: 64
IJUL Sortino Ratio Rank: 67
IJUL Omega Ratio Rank: 67
IJUL Calmar Ratio Rank: 62
IJUL Martin Ratio Rank: 69

JANB

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

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.

IJUL vs. JANB - Risk-Adjusted Trends Comparison

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

	IJUL	JANB	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.84	—	—
Martin ratio: Return relative to average drawdown	11.59	—	—

Drawdowns

IJUL vs. JANB - Drawdown Comparison

The maximum IJUL drawdown since its inception was -21.09%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for IJUL and JANB.

Drawdown Indicators

	IJUL	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-21.09%	-6.52%	-14.57%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.59%	—	—
Current Drawdown Current decline from peak	-0.39%	-0.97%	+0.58%
Average Drawdown Average peak-to-trough decline	-2.53%	-1.10%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	—	—

Volatility

Volatility by Period

	IJUL	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.96%	7.51%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.88%	7.51%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.06%	7.51%	+3.55%

IJUL vs. JANB - Expense Ratio Comparison

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

Dividends

IJUL vs. JANB - Dividend Comparison

Neither IJUL nor JANB has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IJUL Innovator International Developed Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.99%
JANB Aptus January Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IJUL and JANB in my portfolio?

IJUL and JANB 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.

Which ETF is better, IJUL 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, IJUL or JANB?

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

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

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

What is the main difference between IJUL and JANB?

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