JANH vs. LITL

Last updated Aug 1, 2026

JANH (Innovator Premium Income 20 Barrier ETF - January) and LITL (Simplify Piper Sandler US Small-Cap PLUS Income ETF) are both exchange-traded funds - JANH is a Options Trading fund actively managed by Innovator, while LITL is a Small Cap Blend Equities fund actively managed by Simplify. Both are actively managed. Over the past year, JANH returned 7.02% vs 31.53% for LITL. Their 0.66 correlation means they have sometimes moved together and sometimes differently. JANH charges 0.79%/yr vs 0.91%/yr for LITL.

Performance

JANH vs. LITL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Premium Income 20 Barrier ETF - January (JANH) and Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANH achieves a 4.35% return, which is significantly lower than LITL's 15.04% return.

JANH

• 1D: 0.14%
• 1M: 0.54%
• 6M: 4.02%
• YTD: 4.35%
• 1Y: 7.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.99%

LITL

• 1D: 0.24%
• 1M: -2.40%
• 6M: 12.72%
• YTD: 15.04%
• 1Y: 31.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JANH Innovator Premium Income 20 Barrier ETF - January	$24.21K	$46.55K	$133.40K
LITL Simplify Piper Sandler US Small-Cap PLUS Income ETF	$92.88K	$67.65K	$57.85K

JANH vs. LITL - Yearly Performance Comparison

	2026 (YTD)	2025
JANH Innovator Premium Income 20 Barrier ETF - January	4.35%	7.17%
LITL Simplify Piper Sandler US Small-Cap PLUS Income ETF	15.04%	18.93%

Correlation

The correlation between JANH and LITL is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.66

The correlation between JANH and LITL has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.

Return for Risk

JANH vs. LITL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JANH

JANH Risk / Return Rank: 83
JANH Sharpe Ratio Rank: 82
JANH Sortino Ratio Rank: 87
JANH Omega Ratio Rank: 93
JANH Calmar Ratio Rank: 63
JANH Martin Ratio Rank: 88

LITL

LITL Risk / Return Rank: 72
LITL Sharpe Ratio Rank: 67
LITL Sortino Ratio Rank: 71
LITL Omega Ratio Rank: 63
LITL Calmar Ratio Rank: 82
LITL Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JANH vs. LITL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Premium Income 20 Barrier ETF - January (JANH) and Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL). 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.

	JANH	LITL	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.57	+0.36
Sortino ratio: Return per unit of downside risk	2.95	2.35	+0.60
Omega ratio: Gain probability vs. loss probability	1.50	1.27	+0.22
Calmar ratio: Return relative to maximum drawdown	2.24	3.05	-0.81
Martin ratio: Return relative to average drawdown	13.65	9.55	+4.09

JANH vs. LITL - Sharpe Ratio Comparison

The current JANH Sharpe Ratio is 1.93, which is comparable to the LITL Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of JANH and LITL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JANH vs. LITL - Drawdown Comparison

The maximum JANH drawdown since its inception was -8.00%, smaller than the maximum LITL drawdown of -9.32%. Use the drawdown chart below to compare losses from any high point for JANH and LITL.

Drawdown Indicators

	JANH	LITL	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-9.32%	+1.32%
Max Drawdown (1Y) Largest decline over 1 year	-3.04%	-9.32%	+6.28%
Current Drawdown Current decline from peak	0.00%	-2.98%	+2.98%
Average Drawdown Average peak-to-trough decline	-0.29%	-2.24%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	2.98%	-2.48%

Volatility

JANH vs. LITL - Volatility Comparison

The current volatility for Innovator Premium Income 20 Barrier ETF - January (JANH) is 0.58%, while Simplify Piper Sandler US Small-Cap PLUS Income ETF (LITL) has a volatility of 3.56%. This indicates that JANH experiences smaller price fluctuations and is considered to be less risky than LITL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANH	LITL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	3.56%	-2.98%
Volatility (6M) Calculated over the trailing 6-month period	3.36%	12.19%	-8.83%
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	18.20%	-14.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.21%	18.33%	-12.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	18.33%	-12.12%

JANH vs. LITL - Expense Ratio Comparison

JANH has a 0.79% expense ratio, which is lower than LITL's 0.91% expense ratio.

Dividends

JANH vs. LITL - Dividend Comparison

JANH's dividend yield for the trailing twelve months is around 6.19%, more than LITL's 1.67% yield.

Position	TTM	2025	2024
JANH Innovator Premium Income 20 Barrier ETF - January	6.19%	6.20%	6.71%
LITL Simplify Piper Sandler US Small-Cap PLUS Income ETF	1.67%	0.71%	0.00%

Frequently Asked Questions

Can I hold both JANH and LITL in my portfolio?

JANH and LITL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JANH or LITL?

LITL has higher volatility (3.56%) compared to JANH (0.58%). In terms of maximum drawdown, JANH dropped -8.00% vs LITL's -9.32%.

Which ETF is better, JANH or LITL?

On 1-year performance, LITL leads with 31.53% vs 7.02% for JANH. On fees, JANH is cheaper at 0.79% per year. On volatility, JANH has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JANH or LITL?

Over the 1-year period, LITL has performed better with a 31.53% return vs 7.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANH or LITL?

JANH is cheaper with a 0.79% expense ratio, compared with 0.91% for LITL.

Which ETF pays a higher dividend yield, JANH or LITL?

JANH has the higher dividend yield at 6.19%, compared with 1.67% for LITL.

What is the main difference between JANH and LITL?

JANH is categorized as Options Trading, while LITL is Small Cap Blend Equities. They also come from different issuers: Innovator and Simplify. Their fees differ too: 0.79% for JANH and 0.91% for LITL.

Which has better risk-adjusted returns?

JANH currently has the higher Sharpe Ratio (1.93 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.