OCTB vs. JANZ
OCTB (Aptus October Buffer ETF) and JANZ (TrueShares Structured Outcome (January) ETF) are both Defined Outcome funds. Both are actively managed. With a 0.95 correlation, they move nearly in lockstep. OCTB charges 0.25%/yr vs 0.79%/yr for JANZ.
Performance
OCTB vs. JANZ - Performance Comparison
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Returns By Period
In the year-to-date period, OCTB achieves a 6.11% return, which is significantly lower than JANZ's 7.23% return.
OCTB
- 1D
- -0.15%
- 1M
- 0.56%
- YTD
- 6.11%
- 6M
- 6.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANZ
- 1D
- -0.35%
- 1M
- 0.06%
- YTD
- 7.23%
- 6M
- 6.71%
- 1Y
- 19.50%
- 3Y*
- 15.42%
- 5Y*
- 10.40%
- 10Y*
- —
OCTB vs. JANZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OCTB Aptus October Buffer ETF | 6.11% | 2.37% |
JANZ TrueShares Structured Outcome (January) ETF | 7.23% | 2.23% |
Correlation
The correlation between OCTB and JANZ is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.95 |
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Return for Risk
OCTB vs. JANZ — Risk / Return Rank
OCTB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JANZ
OCTB vs. JANZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus October Buffer ETF (OCTB) and TrueShares Structured Outcome (January) ETF (JANZ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OCTB | JANZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.87 | — |
| Martin ratioReturn relative to average drawdown | — | 12.22 | — |
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Drawdowns
OCTB vs. JANZ - Drawdown Comparison
The maximum OCTB drawdown since its inception was -4.79%, smaller than the maximum JANZ drawdown of -18.11%. Use the drawdown chart below to compare losses from any high point for OCTB and JANZ.
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Drawdown Indicators
| OCTB | JANZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.79% | -18.11% | +13.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.83% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.33% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.11% | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.47% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -3.47% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.60% | — |
Volatility
OCTB vs. JANZ - Volatility Comparison
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Volatility by Period
| OCTB | JANZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.24% | 9.95% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.24% | 13.22% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.24% | 13.00% | -5.76% |
OCTB vs. JANZ - Expense Ratio Comparison
OCTB has a 0.25% expense ratio, which is lower than JANZ's 0.79% expense ratio.
Dividends
OCTB vs. JANZ - Dividend Comparison
OCTB has not paid dividends to shareholders, while JANZ's dividend yield for the trailing twelve months is around 1.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JANZ TrueShares Structured Outcome (January) ETF | 1.32% | 1.42% | 2.70% | 2.58% | 0.21% | 4.52% |
OCTB Aptus October Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, OCTB and JANZ 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.
On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for JANZ.
JANZ has the higher dividend yield at 1.32%, compared with 0.00% for OCTB.
They also come from different issuers: Aptus Capital Advisors and TrueShares. Their fees differ too: 0.25% for OCTB and 0.79% for JANZ.
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