JANB vs. OCTB

Last updated Jun 4, 2026

JANB (Aptus January Buffer ETF) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds from Aptus Capital Advisors. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

JANB vs. OCTB - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with JANB having a 6.08% return and OCTB slightly higher at 6.18%.

JANB

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

OCTB

• 1D: -0.17%
• 1M: 2.41%
• YTD: 6.18%
• 6M: 6.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANB vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
JANB Aptus January Buffer ETF	6.08%	2.69%
OCTB Aptus October Buffer ETF	6.18%	2.37%

Correlation

The correlation between JANB and OCTB is 0.94, 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	0.94

Return for Risk

JANB vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus January Buffer ETF (JANB) and Aptus October Buffer ETF (OCTB). 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	OCTB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	1.97	0.00

Drawdowns

JANB vs. OCTB - Drawdown Comparison

The maximum JANB drawdown since its inception was -6.52%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for JANB and OCTB.

Drawdown Indicators

	JANB	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-6.52%	-4.79%	-1.73%
Current Drawdown Current decline from peak	-0.22%	-0.17%	-0.05%
Average Drawdown Average peak-to-trough decline	-1.14%	-0.70%	-0.44%

Volatility

Volatility by Period

	JANB	OCTB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.41%	7.20%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.41%	7.20%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.41%	7.20%	+0.21%

JANB vs. OCTB - Expense Ratio Comparison

Both JANB and OCTB have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JANB vs. OCTB - Dividend Comparison

Neither JANB nor OCTB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANB and OCTB in my portfolio?

With a correlation of 0.94, JANB and OCTB 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 OCTB?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JANB or OCTB?

JANB and OCTB have the same expense ratio: 0.25% per year.

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

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