JANZ vs. OCTB

Last updated Aug 2, 2026

JANZ (TrueShares Structured Outcome (January) ETF) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their 0.96 correlation means they have historically moved very closely together. JANZ charges 0.79%/yr vs 0.25%/yr for OCTB.

Performance

JANZ vs. OCTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (January) ETF (JANZ) 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 stocks are quite close, with JANZ having a 7.35% return and OCTB slightly lower at 7.27%.

JANZ

• 1D: 0.71%
• 1M: 0.20%
• 6M: 6.49%
• YTD: 7.35%
• 1Y: 15.58%
• 3Y*: 13.92%
• 5Y*: 9.89%
• 10Y*: —
• ALL TIME*: 11.44%

OCTB

• 1D: 0.58%
• 1M: 0.86%
• 6M: 6.48%
• YTD: 7.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
JANZ TrueShares Structured Outcome (January) ETF	$139.93K	$79.26K	$602.93K
OCTB Aptus October Buffer ETF	$58.52K	$94.12K	$66.59K

JANZ vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
JANZ TrueShares Structured Outcome (January) ETF	7.35%	2.23%
OCTB Aptus October Buffer ETF	7.27%	2.37%

Correlation

The correlation between JANZ and OCTB is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.96

Return for Risk

JANZ vs. OCTB — Risk / Return Rank

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

JANZ

JANZ Risk / Return Rank: 58
JANZ Sharpe Ratio Rank: 56
JANZ Sortino Ratio Rank: 55
JANZ Omega Ratio Rank: 53
JANZ Calmar Ratio Rank: 58
JANZ Martin Ratio Rank: 68

OCTB

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

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.

JANZ vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (January) ETF (JANZ) 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.

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.

	JANZ	OCTB	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	1.93	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.09	—	—
Martin ratio: Return relative to average drawdown	8.30	—	—

Drawdowns

JANZ vs. OCTB - Drawdown Comparison

The maximum JANZ drawdown since its inception was -18.11%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for JANZ and OCTB.

Drawdown Indicators

	JANZ	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-4.79%	-13.32%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.11%	—	—
Current Drawdown Current decline from peak	-1.37%	0.00%	-1.37%
Average Drawdown Average peak-to-trough decline	-3.44%	-0.66%	-2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	—	—

Volatility

Volatility by Period

	JANZ	OCTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.45%	7.16%	+3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	7.16%	+6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.97%	7.16%	+5.81%

JANZ vs. OCTB - Expense Ratio Comparison

JANZ has a 0.79% expense ratio, which is higher than OCTB's 0.25% expense ratio.

Dividends

JANZ vs. OCTB - Dividend Comparison

JANZ's dividend yield for the trailing twelve months is around 1.32%, while OCTB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
JANZ TrueShares Structured Outcome (January) ETF	1.32%	1.42%	2.70%	2.58%	0.21%	4.52%
OCTB Aptus October Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JANZ and OCTB in my portfolio?

With a correlation of 0.96, JANZ 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, JANZ or OCTB?

On fees, OCTB 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, JANZ or OCTB?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for JANZ.

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

JANZ has the higher dividend yield at 1.32%, compared with 0.00% for OCTB.

What is the main difference between JANZ and OCTB?

They also come from different issuers: TrueShares and Aptus. Their fees differ too: 0.79% for JANZ and 0.25% for OCTB.