KMAR vs. JANB

Last updated Aug 5, 2026

KMAR (Innovator U.S. Small Cap Power Buffer ETF - March) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. KMAR is passively managed, while JANB is actively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. KMAR charges 0.79%/yr vs 0.25%/yr for JANB.

Performance

KMAR vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Small Cap Power Buffer ETF - March (KMAR) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KMAR achieves a 13.38% return, which is significantly higher than JANB's 8.23% return.

KMAR

• 1D: 0.56%
• 1M: 1.35%
• 6M: 10.08%
• YTD: 13.38%
• 1Y: 23.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.90%

JANB

• 1D: 0.61%
• 1M: 2.00%
• 6M: 7.35%
• YTD: 8.23%
• 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)
JANB Aptus January Buffer ETF	$389.21K	$262.23K	$613.36K
KMAR Innovator U.S. Small Cap Power Buffer ETF - March	$119.64K	$74.39K	$163.01K

KMAR vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
KMAR Innovator U.S. Small Cap Power Buffer ETF - March	13.38%	2.52%
JANB Aptus January Buffer ETF	8.23%	2.76%

Correlation

The correlation between KMAR and JANB is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.78

Return for Risk

KMAR vs. JANB — Risk / Return Rank

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

KMAR

KMAR Risk / Return Rank: 93
KMAR Sharpe Ratio Rank: 92
KMAR Sortino Ratio Rank: 94
KMAR Omega Ratio Rank: 93
KMAR Calmar Ratio Rank: 93
KMAR Martin Ratio Rank: 94

JANB

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.

KMAR vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - March (KMAR) and Aptus January Buffer ETF (JANB). 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.

	KMAR	JANB	Difference
Sharpe ratio: Return per unit of total volatility	2.61	—	—
Sortino ratio: Return per unit of downside risk	3.84	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	4.86	—	—
Martin ratio: Return relative to average drawdown	20.55	—	—

Drawdowns

KMAR vs. JANB - Drawdown Comparison

The maximum KMAR drawdown since its inception was -11.32%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for KMAR and JANB.

Drawdown Indicators

	KMAR	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-11.32%	-6.52%	-4.80%
Max Drawdown (1Y) Largest decline over 1 year	-4.89%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.26%	-1.01%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	—	—

Volatility

Volatility by Period

	KMAR	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.16%	7.39%	+1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.77%	7.39%	+4.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.77%	7.39%	+4.38%

KMAR vs. JANB - Expense Ratio Comparison

KMAR has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

KMAR vs. JANB - Dividend Comparison

Neither KMAR nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KMAR and JANB in my portfolio?

KMAR and JANB 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.

Which ETF is better, KMAR or JANB?

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, KMAR or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for KMAR.

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

KMAR and JANB have nearly identical dividend yields, around 0.00%.

What is the main difference between KMAR and JANB?

They also come from different issuers: Innovator and Aptus. Their fees differ too: 0.79% for KMAR and 0.25% for JANB.