Correlation
The correlation between NJAN and BFEB is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
NJAN vs. BFEB
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF - January (NJAN) and Innovator S&P 500 Buffer ETF - February (BFEB).
NJAN and BFEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NJAN is a passively managed fund by Innovator that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 1, 2020. BFEB is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 Buffer Protect Index February Series. It was launched on Jan 31, 2020. Both NJAN and BFEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NJAN or BFEB.
Performance
NJAN vs. BFEB - Performance Comparison
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Key characteristics
NJAN:
0.81
BFEB:
0.66
NJAN:
1.24
BFEB:
1.00
NJAN:
1.20
BFEB:
1.17
NJAN:
0.81
BFEB:
0.58
NJAN:
3.38
BFEB:
2.48
NJAN:
3.13%
BFEB:
3.23%
NJAN:
13.29%
BFEB:
12.86%
NJAN:
-20.70%
BFEB:
-26.37%
NJAN:
-0.61%
BFEB:
-2.01%
Returns By Period
In the year-to-date period, NJAN achieves a 2.27% return, which is significantly higher than BFEB's 0.11% return.
NJAN
2.27%
5.13%
3.19%
10.74%
9.44%
6.46%
N/A
BFEB
0.11%
4.53%
0.48%
8.39%
12.19%
12.80%
N/A
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NJAN vs. BFEB - Expense Ratio Comparison
Both NJAN and BFEB have an expense ratio of 0.79%.
Risk-Adjusted Performance
NJAN vs. BFEB — Risk-Adjusted Performance Rank
NJAN
BFEB
NJAN vs. BFEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - January (NJAN) and Innovator S&P 500 Buffer ETF - February (BFEB). 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.
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Dividends
NJAN vs. BFEB - Dividend Comparison
Neither NJAN nor BFEB has paid dividends to shareholders.
Drawdowns
NJAN vs. BFEB - Drawdown Comparison
The maximum NJAN drawdown since its inception was -20.70%, smaller than the maximum BFEB drawdown of -26.37%. Use the drawdown chart below to compare losses from any high point for NJAN and BFEB.
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Volatility
NJAN vs. BFEB - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF - January (NJAN) is 3.04%, while Innovator S&P 500 Buffer ETF - February (BFEB) has a volatility of 3.38%. This indicates that NJAN experiences smaller price fluctuations and is considered to be less risky than BFEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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