JANB vs. ACIO

Last updated Jun 4, 2026

JANB (Aptus January Buffer ETF) and ACIO (Aptus Collared Income Opportunity ETF) are both exchange-traded funds - JANB is a Defined Outcome fund actively managed by Aptus Capital Advisors, while ACIO is a Diversified Portfolio fund actively managed by Aptus Capital Advisors. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. JANB charges 0.25%/yr vs 0.79%/yr for ACIO.

Performance

JANB vs. ACIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus January Buffer ETF (JANB) and Aptus Collared Income Opportunity ETF (ACIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANB achieves a 6.08% return, which is significantly lower than ACIO's 7.22% return.

JANB

• 1D: -0.22%
• 1M: 2.38%
• YTD: 6.08%
• 6M: 7.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACIO

• 1D: -0.55%
• 1M: 3.52%
• YTD: 7.22%
• 6M: 6.40%
• 1Y: 15.88%
• 3Y*: 15.97%
• 5Y*: 10.18%
• 10Y*: —

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

JANB vs. ACIO - Yearly Performance Comparison

	2026 (YTD)	2025
JANB Aptus January Buffer ETF	6.08%	2.69%
ACIO Aptus Collared Income Opportunity ETF	7.22%	0.65%

Correlation

The correlation between JANB and ACIO is 0.93, 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	0.93

Return for Risk

JANB vs. ACIO — Risk / Return Rank

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

ACIO

ACIO Risk / Return Rank: 53
ACIO Sharpe Ratio Rank: 56
ACIO Sortino Ratio Rank: 57
ACIO Omega Ratio Rank: 56
ACIO Calmar Ratio Rank: 44
ACIO Martin Ratio Rank: 52

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.

JANB vs. ACIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus January Buffer ETF (JANB) and Aptus Collared Income Opportunity ETF (ACIO). 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.

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

Sharpe Ratios by Period

	JANB	ACIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	0.90	+1.07

Drawdowns

JANB vs. ACIO - Drawdown Comparison

The maximum JANB drawdown since its inception was -6.52%, smaller than the maximum ACIO drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for JANB and ACIO.

Drawdown Indicators

	JANB	ACIO	Difference
Max Drawdown Largest peak-to-trough decline	-6.52%	-14.19%	+7.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.22%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.00%	—
Current Drawdown Current decline from peak	-0.22%	-0.64%	+0.42%
Average Drawdown Average peak-to-trough decline	-1.14%	-3.19%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.80%	—

Volatility

Volatility by Period

	JANB	ACIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.41%	8.26%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.41%	11.05%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.41%	11.64%	-4.23%

JANB vs. ACIO - Expense Ratio Comparison

JANB has a 0.25% expense ratio, which is lower than ACIO's 0.79% expense ratio.

Dividends

JANB vs. ACIO - Dividend Comparison

JANB has not paid dividends to shareholders, while ACIO's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ACIO Aptus Collared Income Opportunity ETF	0.38%	0.37%	0.44%	0.72%	1.51%	0.61%	1.02%	1.32%
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 JANB and ACIO in my portfolio?

With a correlation of 0.93, JANB and ACIO 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.

Which ETF is better, JANB or ACIO?

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, JANB or ACIO?

JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for ACIO.

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

ACIO has the higher dividend yield at 0.38%, compared with 0.00% for JANB.

What is the main difference between JANB and ACIO?

JANB is categorized as Defined Outcome, while ACIO is Diversified Portfolio. Their fees differ too: 0.25% for JANB and 0.79% for ACIO.