OCTB vs. JANZ

Last updated Aug 1, 2026

OCTB (Aptus October Buffer ETF) and JANZ (TrueShares Structured Outcome (January) ETF) are both Defined Outcome funds. Both are actively managed. Their 0.96 correlation means they have historically moved very closely together. OCTB charges 0.25%/yr vs 0.79%/yr for JANZ.

Performance

OCTB vs. JANZ - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with OCTB having a 7.27% return and JANZ slightly higher at 7.35%.

OCTB

• 1D: 0.58%
• 1M: 0.86%
• 6M: 6.48%
• YTD: 7.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

JANZ

• 1D: 0.71%
• 1M: 0.20%
• 6M: 6.49%
• YTD: 7.35%
• 1Y: 15.58%
• 3Y*: 13.92%
• 5Y*: 9.89%
• 10Y*: —
• ALL TIME*: 11.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JANZ TrueShares Structured Outcome (January) ETF	$139.93K	$79.26K	$602.93K
OCTB Aptus October Buffer ETF	$58.52K	$94.12K	$66.59K

OCTB vs. JANZ - Yearly Performance Comparison

	2026 (YTD)	2025
OCTB Aptus October Buffer ETF	7.27%	2.37%
JANZ TrueShares Structured Outcome (January) ETF	7.35%	2.23%

Correlation

The correlation between OCTB and JANZ is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.96

Return for Risk

OCTB vs. JANZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OCTB

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

JANZ

JANZ Risk / Return Rank: 58
JANZ Sharpe Ratio Rank: 56
JANZ Sortino Ratio Rank: 55
JANZ Omega Ratio Rank: 53
JANZ Calmar Ratio Rank: 58
JANZ Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	—	1.36	—
Sortino ratio: Return per unit of downside risk	—	1.93	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	2.09	—
Martin ratio: Return relative to average drawdown	—	8.30	—

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.

Drawdown Indicators

	OCTB	JANZ	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	-1.37%	+1.37%
Average Drawdown Average peak-to-trough decline	-0.66%	-3.44%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.72%	—

Volatility

Volatility by Period

	OCTB	JANZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.16%	10.45%	-3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.16%	13.26%	-6.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.16%	12.97%	-5.81%

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

Can I hold both OCTB and JANZ in my portfolio?

With a correlation of 0.96, 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.

Which ETF is better, OCTB or JANZ?

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.

Which ETF is cheaper, OCTB or JANZ?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.79% for JANZ.

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

JANZ has the higher dividend yield at 1.32%, compared with 0.00% for OCTB.

What is the main difference between OCTB and JANZ?

They also come from different issuers: Aptus and TrueShares. Their fees differ too: 0.25% for OCTB and 0.79% for JANZ.