NJAN vs. SPD
Compare and contrast key facts about Innovator Growth-100 Power Buffer ETF - January (NJAN) and Simplify US Equity PLUS Downside Convexity ETF (SPD).
NJAN and SPD 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. SPD is an actively managed fund by Simplify Asset Management Inc.. It was launched on Sep 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NJAN or SPD.
Correlation
The correlation between NJAN and SPD is 1.00, 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. SPD - Performance Comparison
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Key characteristics
NJAN:
8.53%
SPD:
8.36%
NJAN:
-0.68%
SPD:
-0.76%
NJAN:
0.00%
SPD:
-0.38%
Returns By Period
NJAN
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SPD
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NJAN vs. SPD - Expense Ratio Comparison
NJAN has a 0.79% expense ratio, which is higher than SPD's 0.28% expense ratio.
Risk-Adjusted Performance
NJAN vs. SPD — Risk-Adjusted Performance Rank
NJAN
SPD
NJAN vs. SPD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - January (NJAN) and Simplify US Equity PLUS Downside Convexity ETF (SPD). 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. SPD - Dividend Comparison
NJAN has not paid dividends to shareholders, while SPD's dividend yield for the trailing twelve months is around 1.03%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
NJAN Innovator Growth-100 Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPD Simplify US Equity PLUS Downside Convexity ETF | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NJAN vs. SPD - Drawdown Comparison
The maximum NJAN drawdown since its inception was -0.68%, smaller than the maximum SPD drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for NJAN and SPD. For additional features, visit the drawdowns tool.
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Volatility
NJAN vs. SPD - Volatility Comparison
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