NJAN vs. DJAN
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF - January (NJAN) and FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN).
NJAN and DJAN 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. DJAN is an actively managed fund by FT Vest. It was launched on Jan 14, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NJAN or DJAN.
Correlation
The correlation between NJAN and DJAN is 0.81, 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.
Performance
NJAN vs. DJAN - Performance Comparison
Key characteristics
NJAN:
2.16
DJAN:
2.57
NJAN:
3.03
DJAN:
3.63
NJAN:
1.45
DJAN:
1.54
NJAN:
2.98
DJAN:
3.78
NJAN:
14.71
DJAN:
19.00
NJAN:
1.06%
DJAN:
0.66%
NJAN:
7.20%
DJAN:
4.85%
NJAN:
-20.70%
DJAN:
-9.57%
NJAN:
-0.10%
DJAN:
-0.28%
Returns By Period
In the year-to-date period, NJAN achieves a 2.79% return, which is significantly higher than DJAN's 1.46% return.
NJAN
2.79%
1.31%
8.43%
16.09%
6.65%
N/A
DJAN
1.46%
0.61%
5.42%
12.63%
N/A
N/A
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NJAN vs. DJAN - Expense Ratio Comparison
NJAN has a 0.79% expense ratio, which is lower than DJAN's 0.85% expense ratio.
Risk-Adjusted Performance
NJAN vs. DJAN — Risk-Adjusted Performance Rank
NJAN
DJAN
NJAN vs. DJAN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - January (NJAN) and FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN). 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.
Dividends
NJAN vs. DJAN - Dividend Comparison
Neither NJAN nor DJAN has paid dividends to shareholders.
Drawdowns
NJAN vs. DJAN - Drawdown Comparison
The maximum NJAN drawdown since its inception was -20.70%, which is greater than DJAN's maximum drawdown of -9.57%. Use the drawdown chart below to compare losses from any high point for NJAN and DJAN. For additional features, visit the drawdowns tool.
Volatility
NJAN vs. DJAN - Volatility Comparison
Innovator Growth-100 Power Buffer ETF - January (NJAN) has a higher volatility of 2.30% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN) at 1.42%. This indicates that NJAN's price experiences larger fluctuations and is considered to be riskier than DJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.