JANB vs. DDFN

Last updated Jun 23, 2026

JANB (Aptus January Buffer ETF) and DDFN (Innovator Equity Dual Directional 15 Buffer ETF - November) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. JANB charges 0.25%/yr vs 0.79%/yr for DDFN.

Performance

JANB vs. DDFN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus January Buffer ETF (JANB) and Innovator Equity Dual Directional 15 Buffer ETF - November (DDFN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANB achieves a 5.85% return, which is significantly higher than DDFN's 4.62% return.

JANB

• 1D: -0.22%
• 1M: 0.35%
• YTD: 5.85%
• 6M: 6.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDFN

• 1D: -0.05%
• 1M: 0.58%
• YTD: 4.62%
• 6M: 4.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANB vs. DDFN - Yearly Performance Comparison

	2026 (YTD)	2025
JANB Aptus January Buffer ETF	5.85%	1.63%
DDFN Innovator Equity Dual Directional 15 Buffer ETF - November	4.62%	0.74%

Correlation

The correlation between JANB and DDFN is 0.90, 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 Nov 3, 2025	0.90

Return for Risk

JANB vs. DDFN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus January Buffer ETF (JANB) and Innovator Equity Dual Directional 15 Buffer ETF - November (DDFN). 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.

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

Drawdowns

JANB vs. DDFN - Drawdown Comparison

The maximum JANB drawdown since its inception was -6.52%, which is greater than DDFN's maximum drawdown of -3.40%. Use the drawdown chart below to compare losses from any high point for JANB and DDFN.

Drawdown Indicators

	JANB	DDFN	Difference
Max Drawdown Largest peak-to-trough decline	-6.52%	-3.40%	-3.12%
Current Drawdown Current decline from peak	-0.48%	-0.37%	-0.11%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.46%	-0.64%

Volatility

Volatility by Period

	JANB	DDFN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.50%	5.32%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.50%	5.32%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.50%	5.32%	+2.18%

JANB vs. DDFN - Expense Ratio Comparison

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

Dividends

JANB vs. DDFN - Dividend Comparison

Neither JANB nor DDFN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANB and DDFN in my portfolio?

With a correlation of 0.90, JANB and DDFN 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 DDFN?

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 DDFN?

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

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

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

What is the main difference between JANB and DDFN?

They also come from different issuers: Aptus Capital Advisors and Innovator. Their fees differ too: 0.25% for JANB and 0.79% for DDFN.