Correlation
The correlation between NJAN and BUFF 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. BUFF
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF - January (NJAN) and Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF).
NJAN and BUFF 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. BUFF is a passively managed fund by Innovator that tracks the performance of the Refinitiv Laddered Power Buffer Strategy Index. It was launched on Oct 20, 2016. Both NJAN and BUFF 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 BUFF.
Performance
NJAN vs. BUFF - Performance Comparison
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Key characteristics
NJAN:
0.81
BUFF:
0.79
NJAN:
1.24
BUFF:
1.13
NJAN:
1.20
BUFF:
1.18
NJAN:
0.81
BUFF:
0.76
NJAN:
3.38
BUFF:
3.33
NJAN:
3.13%
BUFF:
2.34%
NJAN:
13.29%
BUFF:
10.49%
NJAN:
-20.70%
BUFF:
-46.23%
NJAN:
-0.61%
BUFF:
-0.76%
Returns By Period
In the year-to-date period, NJAN achieves a 2.27% return, which is significantly higher than BUFF's 1.67% return.
NJAN
2.27%
5.13%
3.19%
10.74%
9.44%
6.46%
N/A
BUFF
1.67%
4.06%
1.26%
8.20%
9.90%
9.37%
N/A
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NJAN vs. BUFF - Expense Ratio Comparison
NJAN has a 0.79% expense ratio, which is lower than BUFF's 0.99% expense ratio.
Risk-Adjusted Performance
NJAN vs. BUFF — Risk-Adjusted Performance Rank
NJAN
BUFF
NJAN vs. BUFF - 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 Laddered Fund of U.S. Equity Power Buffer ETF (BUFF). 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. BUFF - Dividend Comparison
Neither NJAN nor BUFF has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
NJAN Innovator Growth-100 Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BUFF Innovator Laddered Fund of U.S. Equity Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.68% | 1.74% | 1.55% | 0.18% |
Drawdowns
NJAN vs. BUFF - Drawdown Comparison
The maximum NJAN drawdown since its inception was -20.70%, smaller than the maximum BUFF drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for NJAN and BUFF.
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Volatility
NJAN vs. BUFF - Volatility Comparison
The current volatility for Innovator Growth-100 Power Buffer ETF - January (NJAN) is 3.04%, while Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) has a volatility of 3.20%. This indicates that NJAN experiences smaller price fluctuations and is considered to be less risky than BUFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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