OCTZ vs. JANB
OCTZ (TrueShares Structured Outcome (October) ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. OCTZ charges 0.79%/yr vs 0.25%/yr for JANB.
Performance
OCTZ vs. JANB - Performance Comparison
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Returns By Period
In the year-to-date period, OCTZ achieves a 8.27% return, which is significantly higher than JANB's 6.08% return.
OCTZ
- 1D
- -0.44%
- 1M
- 4.25%
- YTD
- 8.27%
- 6M
- 8.27%
- 1Y
- 20.60%
- 3Y*
- 16.44%
- 5Y*
- 11.10%
- 10Y*
- —
JANB
- 1D
- -0.22%
- 1M
- 2.38%
- YTD
- 6.08%
- 6M
- 7.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OCTZ vs. JANB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OCTZ TrueShares Structured Outcome (October) ETF | 8.27% | 2.37% |
JANB Aptus January Buffer ETF | 6.08% | 2.69% |
Correlation
The correlation between OCTZ and JANB is 0.96 - 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 15, 2025 | 0.96 |
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Return for Risk
OCTZ vs. JANB — Risk / Return Rank
OCTZ
JANB
OCTZ vs. JANB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (October) ETF (OCTZ) 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.
| OCTZ | JANB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | — | — |
| Martin ratioReturn relative to average drawdown | 12.00 | — | — |
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
| OCTZ | JANB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.97 | -0.90 |
Drawdowns
OCTZ vs. JANB - Drawdown Comparison
The maximum OCTZ drawdown since its inception was -15.82%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for OCTZ and JANB.
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Drawdown Indicators
| OCTZ | JANB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -6.52% | -9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.22% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -1.14% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | — | — |
Volatility
OCTZ vs. JANB - Volatility Comparison
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Volatility by Period
| OCTZ | JANB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.39% | 7.41% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.40% | 7.41% | +4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.37% | 7.41% | +4.96% |
OCTZ vs. JANB - Expense Ratio Comparison
OCTZ has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.
Dividends
OCTZ vs. JANB - Dividend Comparison
OCTZ's dividend yield for the trailing twelve months is around 3.69%, while JANB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JANB Aptus January Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OCTZ TrueShares Structured Outcome (October) ETF | 3.69% | 3.99% | 1.26% | 3.28% | 0.67% |
Frequently Asked Questions
With a correlation of 0.96, OCTZ 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.
On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for OCTZ.
OCTZ has the higher dividend yield at 3.69%, compared with 0.00% for JANB.
They also come from different issuers: TrueShares and Aptus Capital Advisors. Their fees differ too: 0.79% for OCTZ and 0.25% for JANB.
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