OCTB vs. JANB

Last updated Jun 4, 2026

OCTB (Aptus October Buffer ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds from Aptus Capital Advisors. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

OCTB vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus October Buffer ETF (OCTB) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with OCTB having a 6.18% return and JANB slightly lower at 6.08%.

OCTB

• 1D: -0.17%
• 1M: 2.41%
• YTD: 6.18%
• 6M: 6.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -0.22%
• 1M: 2.38%
• YTD: 6.08%
• 6M: 7.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTB vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
OCTB Aptus October Buffer ETF	6.18%	2.37%
JANB Aptus January Buffer ETF	6.08%	2.69%

Correlation

The correlation between OCTB and JANB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.94

Return for Risk

OCTB vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus October Buffer ETF (OCTB) and Aptus January Buffer ETF (JANB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	OCTB	JANB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	1.97	0.00

Drawdowns

OCTB vs. JANB - Drawdown Comparison

The maximum OCTB drawdown since its inception was -4.79%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for OCTB and JANB.

Drawdown Indicators

	OCTB	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-4.79%	-6.52%	+1.73%
Current Drawdown Current decline from peak	-0.17%	-0.22%	+0.05%
Average Drawdown Average peak-to-trough decline	-0.70%	-1.14%	+0.44%

Volatility

Volatility by Period

	OCTB	JANB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.20%	7.41%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.20%	7.41%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.20%	7.41%	-0.21%

OCTB vs. JANB - Expense Ratio Comparison

Both OCTB and JANB have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

OCTB vs. JANB - Dividend Comparison

Neither OCTB nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTB and JANB in my portfolio?

With a correlation of 0.94, OCTB and JANB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, OCTB or JANB?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OCTB or JANB?

OCTB and JANB have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, OCTB or JANB?

OCTB and JANB have nearly identical dividend yields, around 0.00%.