KJAN vs. OCTB
KJAN (Innovator U.S. Small Cap Power Buffer ETF - January) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. KJAN is passively managed, while OCTB is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. KJAN charges 0.79%/yr vs 0.25%/yr for OCTB.
Performance
KJAN vs. OCTB - Performance Comparison
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Returns By Period
In the year-to-date period, KJAN achieves a 9.48% return, which is significantly higher than OCTB's 5.52% return.
KJAN
- 1D
- -0.20%
- 1M
- 1.51%
- YTD
- 9.48%
- 6M
- 6.97%
- 1Y
- 22.34%
- 3Y*
- 13.37%
- 5Y*
- 7.70%
- 10Y*
- —
OCTB
- 1D
- -0.56%
- 1M
- 0.00%
- YTD
- 5.52%
- 6M
- 5.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KJAN vs. OCTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KJAN Innovator U.S. Small Cap Power Buffer ETF - January | 9.48% | 1.78% |
OCTB Aptus October Buffer ETF | 5.52% | 2.37% |
Correlation
The correlation between KJAN and OCTB is 0.78, 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 | 0.78 |
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Return for Risk
KJAN vs. OCTB — Risk / Return Rank
KJAN
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KJAN vs. OCTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - January (KJAN) 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.
| KJAN | OCTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.38 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | — | — |
| Martin ratioReturn relative to average drawdown | 14.61 | — | — |
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Drawdowns
KJAN vs. OCTB - Drawdown Comparison
The maximum KJAN drawdown since its inception was -28.94%, which is greater than OCTB's maximum drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for KJAN and OCTB.
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Drawdown Indicators
| KJAN | OCTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.94% | -4.79% | -24.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.83% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.82% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.08% | -0.69% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | — | — |
Volatility
KJAN vs. OCTB - Volatility Comparison
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Volatility by Period
| KJAN | OCTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 7.26% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.06% | 7.26% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 7.26% | +8.12% |
KJAN vs. OCTB - Expense Ratio Comparison
KJAN has a 0.79% expense ratio, which is higher than OCTB's 0.25% expense ratio.
Dividends
KJAN vs. OCTB - Dividend Comparison
Neither KJAN nor OCTB has paid dividends to shareholders.
Frequently Asked Questions
KJAN and OCTB have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for KJAN.
KJAN and OCTB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for KJAN and 0.25% for OCTB.
Find the right allocation for KJAN and OCTB
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