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 Dec 31, 2019. SPD is an actively managed fund by Simplify. It was launched on Sep 3, 2020.
Performance
NJAN vs. SPD - Performance Comparison
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NJAN vs. SPD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NJAN Innovator Growth-100 Power Buffer ETF - January | -2.82% | 14.20% | 15.35% | 20.95% | -18.92% | 11.55% | 2.52% |
SPD Simplify US Equity PLUS Downside Convexity ETF | -7.11% | 18.86% | 17.49% | 20.94% | -25.96% | 24.81% | 8.75% |
Returns By Period
In the year-to-date period, NJAN achieves a -2.82% return, which is significantly higher than SPD's -7.11% return.
NJAN
- 1D
- 1.72%
- 1M
- -2.59%
- YTD
- -2.82%
- 6M
- 0.34%
- 1Y
- 15.09%
- 3Y*
- 12.08%
- 5Y*
- 6.38%
- 10Y*
- —
SPD
- 1D
- 1.62%
- 1M
- -5.89%
- YTD
- -7.11%
- 6M
- -7.47%
- 1Y
- 18.82%
- 3Y*
- 14.02%
- 5Y*
- 6.49%
- 10Y*
- —
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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.
Return for Risk
NJAN vs. SPD — Risk / Return Rank
NJAN
SPD
NJAN vs. SPD - Risk-Adjusted Trends 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.
| NJAN | SPD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.80 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.87 | 1.66 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.81 | 1.61 | +0.20 |
Martin ratioReturn relative to average drawdown | 9.34 | 5.34 | +4.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NJAN | SPD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.80 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.41 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.53 | 0.00 |
Correlation
The correlation between NJAN and SPD is 0.76, 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.
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 1.10%.
| TTM | 2025 | 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% | 0.00% |
SPD Simplify US Equity PLUS Downside Convexity ETF | 1.10% | 0.97% | 1.14% | 1.91% | 1.64% | 0.88% | 0.43% |
Drawdowns
NJAN vs. SPD - Drawdown Comparison
The maximum NJAN drawdown since its inception was -20.70%, smaller than the maximum SPD drawdown of -27.38%. Use the drawdown chart below to compare losses from any high point for NJAN and SPD.
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Drawdown Indicators
| NJAN | SPD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.70% | -27.38% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -11.90% | +3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.70% | -27.38% | +6.68% |
Current DrawdownCurrent decline from peak | -4.29% | -10.47% | +6.18% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -7.87% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.59% | -1.99% |
Volatility
NJAN vs. SPD - Volatility Comparison
Innovator Growth-100 Power Buffer ETF - January (NJAN) has a higher volatility of 3.72% compared to Simplify US Equity PLUS Downside Convexity ETF (SPD) at 3.25%. This indicates that NJAN's price experiences larger fluctuations and is considered to be riskier than SPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NJAN | SPD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 3.25% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.74% | 9.45% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 23.76% | -11.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.34% | 16.09% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 16.08% | -3.02% |