JANZ vs. ZJUN
JANZ (TrueShares Structured Outcome (January) ETF) and ZJUN (Innovator Equity Defined Protection ETF - 1 Yr June) are both Defined Outcome funds. Both are actively managed. Over the past year, JANZ returned 21.71% vs 6.47% for ZJUN. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.
Performance
JANZ vs. ZJUN - Performance Comparison
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Returns By Period
In the year-to-date period, JANZ achieves a 8.83% return, which is significantly higher than ZJUN's 2.42% return.
JANZ
- 1D
- 0.13%
- 1M
- 4.41%
- YTD
- 8.83%
- 6M
- 9.05%
- 1Y
- 21.71%
- 3Y*
- 16.39%
- 5Y*
- 10.97%
- 10Y*
- —
ZJUN
- 1D
- 0.04%
- 1M
- 0.59%
- YTD
- 2.42%
- 6M
- 3.00%
- 1Y
- 6.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANZ vs. ZJUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JANZ TrueShares Structured Outcome (January) ETF | 8.83% | 11.83% |
ZJUN Innovator Equity Defined Protection ETF - 1 Yr June | 2.42% | 3.95% |
Correlation
The correlation between JANZ and ZJUN is 0.77, 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 Jun 3, 2025 | 0.77 |
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Return for Risk
JANZ vs. ZJUN — Risk / Return Rank
JANZ
ZJUN
JANZ vs. ZJUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (January) ETF (JANZ) and Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN). 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.
| JANZ | ZJUN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | — | — |
Sortino ratioReturn per unit of downside risk | 3.23 | — | — |
Omega ratioGain probability vs. loss probability | 1.42 | — | — |
Calmar ratioReturn relative to maximum drawdown | 3.21 | — | — |
Martin ratioReturn relative to average drawdown | 14.27 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JANZ | ZJUN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 3.55 | -2.61 |
Drawdowns
JANZ vs. ZJUN - Drawdown Comparison
The maximum JANZ drawdown since its inception was -18.11%, which is greater than ZJUN's maximum drawdown of -1.08%. Use the drawdown chart below to compare losses from any high point for JANZ and ZJUN.
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Drawdown Indicators
| JANZ | ZJUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -1.08% | -17.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -1.08% | -5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -0.08% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | — | — |
Volatility
JANZ vs. ZJUN - Volatility Comparison
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Volatility by Period
| JANZ | ZJUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.40% | 1.83% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 1.83% | +11.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 1.83% | +11.15% |
JANZ vs. ZJUN - Expense Ratio Comparison
Both JANZ and ZJUN have an expense ratio of 0.79%.
Dividends
JANZ vs. ZJUN - Dividend Comparison
JANZ's dividend yield for the trailing twelve months is around 1.31%, while ZJUN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JANZ TrueShares Structured Outcome (January) ETF | 1.31% | 1.42% | 2.70% | 2.58% | 0.21% | 4.52% |
ZJUN Innovator Equity Defined Protection ETF - 1 Yr June | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JANZ and ZJUN have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, JANZ leads with 21.71% vs 6.47% for ZJUN. Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JANZ has performed better with a 21.71% return vs 6.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JANZ and ZJUN have the same expense ratio: 0.79% per year.
JANZ has the higher dividend yield at 1.31%, compared with 0.00% for ZJUN.
They also come from different issuers: TrueShares and Innovator.
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