JANB vs. MSOO

Last updated Jun 4, 2026

JANB (Aptus January Buffer ETF) and MSOO (Leverage Shares 2x Capped Accelerated MSTR Monthly ETF) are both Defined Outcome funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. JANB charges 0.25%/yr vs 0.78%/yr for MSOO.

Performance

JANB vs. MSOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus January Buffer ETF (JANB) and Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). 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 higher than MSOO's -23.81% return.

JANB

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

MSOO

• 1D: -6.75%
• 1M: -28.26%
• YTD: -23.81%
• 6M: -38.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANB vs. MSOO - Yearly Performance Comparison

	2026 (YTD)	2025
JANB Aptus January Buffer ETF	6.08%	2.69%
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	-23.81%	-50.09%

Correlation

The correlation between JANB and MSOO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.48

Return for Risk

JANB vs. MSOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus January Buffer ETF (JANB) and Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). 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	MSOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	-1.13	+3.09

Drawdowns

JANB vs. MSOO - Drawdown Comparison

The maximum JANB drawdown since its inception was -6.52%, smaller than the maximum MSOO drawdown of -72.39%. Use the drawdown chart below to compare losses from any high point for JANB and MSOO.

Drawdown Indicators

	JANB	MSOO	Difference
Max Drawdown Largest peak-to-trough decline	-6.52%	-72.39%	+65.87%
Current Drawdown Current decline from peak	-0.22%	-70.12%	+69.90%
Average Drawdown Average peak-to-trough decline	-1.14%	-47.41%	+46.27%

Volatility

Volatility by Period

	JANB	MSOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.41%	69.25%	-61.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.41%	69.25%	-61.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.41%	69.25%	-61.84%

JANB vs. MSOO - Expense Ratio Comparison

JANB has a 0.25% expense ratio, which is lower than MSOO's 0.78% expense ratio.

Dividends

JANB vs. MSOO - Dividend Comparison

JANB has not paid dividends to shareholders, while MSOO's dividend yield for the trailing twelve months is around 2.13%.

Position	TTM	2025
JANB Aptus January Buffer ETF	0.00%	0.00%
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	2.13%	1.63%

Frequently Asked Questions

Can I hold both JANB and MSOO in my portfolio?

JANB and MSOO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JANB or MSOO?

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 MSOO?

JANB is cheaper with a 0.25% expense ratio, compared with 0.78% for MSOO.

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

MSOO has the higher dividend yield at 2.13%, compared with 0.00% for JANB.

What is the main difference between JANB and MSOO?

They also come from different issuers: Aptus Capital Advisors and Leverage Shares. Their fees differ too: 0.25% for JANB and 0.78% for MSOO.