PJAN vs. BUFR
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - January (PJAN) and FT Cboe Vest Fund of Buffer ETFs (BUFR).
PJAN and BUFR 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. BUFR is an actively managed fund by First Trust. It was launched on Aug 10, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PJAN or BUFR.
Key characteristics
| PJAN | BUFR | |
|---|---|---|
| YTD Return | 6.26% | 6.96% |
| 1Y Return | 18.26% | 20.83% |
| 3Y Return (Ann) | 7.24% | 7.95% |
| Sharpe Ratio | 2.78 | 2.59 |
| Daily Std Dev | 6.39% | 7.82% |
| Max Drawdown | -21.25% | -13.73% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PJAN and BUFR is 0.87, 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. BUFR - Performance Comparison
In the year-to-date period, PJAN achieves a 6.26% return, which is significantly lower than BUFR's 6.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. BUFR - Expense Ratio Comparison
PJAN has a 0.79% expense ratio, which is lower than BUFR's 1.05% expense ratio.
Risk-Adjusted Performance
PJAN vs. BUFR - 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 FT Cboe Vest Fund of Buffer ETFs (BUFR). 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. BUFR - Dividend Comparison
Neither PJAN nor BUFR has paid dividends to shareholders.
Drawdowns
PJAN vs. BUFR - Drawdown Comparison
The maximum PJAN drawdown since its inception was -21.25%, which is greater than BUFR's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for PJAN and BUFR. For additional features, visit the drawdowns tool.
Volatility
PJAN vs. BUFR - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - January (PJAN) is 1.68%, while FT Cboe Vest Fund of Buffer ETFs (BUFR) has a volatility of 1.94%. This indicates that PJAN experiences smaller price fluctuations and is considered to be less risky than BUFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.