JANB vs. RB

Last updated Jun 23, 2026

JANB (Aptus January Buffer ETF) and RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) are both Defined Outcome funds. JANB is actively managed, while RB is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. JANB charges 0.25%/yr vs 0.58%/yr for RB.

Performance

JANB vs. RB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus January Buffer ETF (JANB) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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 lower than RB's 8.48% return.

JANB

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

RB

• 1D: 0.70%
• 1M: 1.98%
• YTD: 8.48%
• 6M: 8.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANB vs. RB - Yearly Performance Comparison

	2026 (YTD)	2025
JANB Aptus January Buffer ETF	5.85%	2.76%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	8.48%	6.96%

Correlation

The correlation between JANB and RB is 0.58, 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	0.58

Return for Risk

JANB vs. RB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus January Buffer ETF (JANB) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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. RB - Drawdown Comparison

The maximum JANB drawdown since its inception was -6.52%, which is greater than RB's maximum drawdown of -2.09%. Use the drawdown chart below to compare losses from any high point for JANB and RB.

Drawdown Indicators

	JANB	RB	Difference
Max Drawdown Largest peak-to-trough decline	-6.52%	-2.09%	-4.43%
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.44%	-0.66%

Volatility

Volatility by Period

	JANB	RB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.50%	6.56%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.50%	6.56%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.50%	6.56%	+0.94%

JANB vs. RB - Expense Ratio Comparison

JANB has a 0.25% expense ratio, which is lower than RB's 0.58% expense ratio.

Dividends

JANB vs. RB - Dividend Comparison

JANB has not paid dividends to shareholders, while RB's dividend yield for the trailing twelve months is around 1.96%.

Position	TTM	2025
JANB Aptus January Buffer ETF	0.00%	0.00%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	1.96%	1.78%

Frequently Asked Questions

Can I hold both JANB and RB in my portfolio?

JANB and RB have a correlation of 0.58, 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 RB?

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 RB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.58% for RB.

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

RB has the higher dividend yield at 1.96%, compared with 0.00% for JANB.

What is the main difference between JANB and RB?

They also come from different issuers: Aptus Capital Advisors and ProShares. Their fees differ too: 0.25% for JANB and 0.58% for RB.