NJAN vs. NVDO

Last updated Jun 5, 2026

NJAN (Innovator Growth-100 Power Buffer ETF - January) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. NJAN is passively managed, while NVDO is actively managed. A 0.59 correlation means they provide meaningful diversification when combined. NJAN charges 0.79%/yr vs 0.77%/yr for NVDO.

Performance

NJAN vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - January (NJAN) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NJAN achieves a 7.27% return, which is significantly lower than NVDO's 20.98% return.

NJAN

• 1D: -0.07%
• 1M: 2.16%
• YTD: 7.27%
• 6M: 8.25%
• 1Y: 18.67%
• 3Y*: 14.29%
• 5Y*: 8.15%
• 10Y*: —

NVDO

• 1D: 1.80%
• 1M: 17.25%
• YTD: 20.98%
• 6M: 29.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NJAN vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
NJAN Innovator Growth-100 Power Buffer ETF - January	7.27%	5.10%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	20.98%	11.12%

Correlation

The correlation between NJAN and NVDO is 0.59, 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 Aug 14, 2025	0.59

Return for Risk

NJAN vs. NVDO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NJAN

NJAN Risk / Return Rank: 80
NJAN Sharpe Ratio Rank: 83
NJAN Sortino Ratio Rank: 86
NJAN Omega Ratio Rank: 87
NJAN Calmar Ratio Rank: 65
NJAN Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NJAN vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - January (NJAN) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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.

	NJAN	NVDO	Difference
Sharpe ratio: Return per unit of total volatility	2.67	—	—
Sortino ratio: Return per unit of downside risk	3.81	—	—
Omega ratio: Gain probability vs. loss probability	1.54	—	—
Calmar ratio: Return relative to maximum drawdown	3.18	—	—
Martin ratio: Return relative to average drawdown	15.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NJAN	NVDO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.39	-0.75

Drawdowns

NJAN vs. NVDO - Drawdown Comparison

The maximum NJAN drawdown since its inception was -20.70%, which is greater than NVDO's maximum drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for NJAN and NVDO.

Drawdown Indicators

	NJAN	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-20.70%	-16.25%	-4.45%
Max Drawdown (1Y) Largest decline over 1 year	-5.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.70%	—	—
Current Drawdown Current decline from peak	-0.22%	-0.93%	+0.71%
Average Drawdown Average peak-to-trough decline	-3.82%	-4.97%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	—	—

Volatility

Volatility by Period

	NJAN	NVDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.03%	31.91%	-24.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	31.91%	-19.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.92%	31.91%	-18.99%

NJAN vs. NVDO - Expense Ratio Comparison

NJAN has a 0.79% expense ratio, which is higher than NVDO's 0.77% expense ratio.

Dividends

NJAN vs. NVDO - Dividend Comparison

NJAN has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 13.77%.

Position	TTM	2025
NJAN Innovator Growth-100 Power Buffer ETF - January	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	13.77%	16.66%

Frequently Asked Questions

Can I hold both NJAN and NVDO in my portfolio?

NJAN and NVDO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NJAN or NVDO?

On fees, NVDO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NJAN or NVDO?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.79% for NJAN.

Which ETF pays a higher dividend yield, NJAN or NVDO?

NVDO has the higher dividend yield at 13.77%, compared with 0.00% for NJAN.

What is the main difference between NJAN and NVDO?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for NJAN and 0.77% for NVDO.