PJAN vs. BUFF
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF).
PJAN and BUFF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJAN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect January Series Index. It was launched on Jan 2, 2019. BUFF is a passively managed fund by Innovator that tracks the performance of the Refinitiv Laddered Power Buffer Strategy Index. It was launched on Oct 20, 2016. Both PJAN and BUFF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJAN or BUFF.
Correlation
The correlation between PJAN and BUFF is 0.79, 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.
Performance
PJAN vs. BUFF - Performance Comparison
Key characteristics
PJAN:
2.48
BUFF:
2.31
PJAN:
3.54
BUFF:
3.32
PJAN:
1.53
BUFF:
1.46
PJAN:
3.67
BUFF:
3.58
PJAN:
20.01
BUFF:
20.37
PJAN:
0.61%
BUFF:
0.57%
PJAN:
4.95%
BUFF:
5.05%
PJAN:
-21.25%
BUFF:
-46.23%
PJAN:
-0.89%
BUFF:
-0.74%
Returns By Period
In the year-to-date period, PJAN achieves a 1.42% return, which is significantly lower than BUFF's 1.69% return.
PJAN
1.42%
-0.28%
4.79%
11.30%
8.27%
N/A
BUFF
1.69%
0.24%
4.65%
11.25%
3.64%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PJAN vs. BUFF - Expense Ratio Comparison
PJAN has a 0.79% expense ratio, which is lower than BUFF's 0.99% expense ratio.
Risk-Adjusted Performance
PJAN vs. BUFF — Risk-Adjusted Performance Rank
PJAN
BUFF
PJAN vs. BUFF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF). 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.
Dividends
PJAN vs. BUFF - Dividend Comparison
Neither PJAN nor BUFF has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJAN Innovator U.S. Equity Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BUFF Innovator Laddered Fund of U.S. Equity Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.68% | 1.74% | 1.55% | 0.18% |
Drawdowns
PJAN vs. BUFF - Drawdown Comparison
The maximum PJAN drawdown since its inception was -21.25%, smaller than the maximum BUFF drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for PJAN and BUFF. For additional features, visit the drawdowns tool.
Volatility
PJAN vs. BUFF - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - January (PJAN) has a higher volatility of 1.66% compared to Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) at 1.27%. This indicates that PJAN's price experiences larger fluctuations and is considered to be riskier than BUFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.