PJAN vs. KAPR
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Innovator Russell 2000 Power Buffer ETF - April (KAPR).
PJAN and KAPR 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. KAPR is a passively managed fund by Innovator that tracks the performance of the Russell 2000 Index. It was launched on Mar 31, 2020. Both PJAN and KAPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PJAN vs. KAPR - Performance Comparison
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PJAN vs. KAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PJAN Innovator U.S. Equity Power Buffer ETF - January | -1.89% | 11.29% | 13.45% | 18.18% | -5.29% | 8.80% | 25.59% |
KAPR Innovator Russell 2000 Power Buffer ETF - April | 3.19% | 7.42% | 12.10% | 15.36% | -8.14% | 2.48% | 21.17% |
Returns By Period
In the year-to-date period, PJAN achieves a -1.89% return, which is significantly lower than KAPR's 3.19% return.
PJAN
- 1D
- 1.72%
- 1M
- -2.47%
- YTD
- -1.89%
- 6M
- 0.73%
- 1Y
- 11.24%
- 3Y*
- 11.58%
- 5Y*
- 7.81%
- 10Y*
- —
KAPR
- 1D
- 0.62%
- 1M
- 1.14%
- YTD
- 3.19%
- 6M
- 5.99%
- 1Y
- 17.50%
- 3Y*
- 10.87%
- 5Y*
- 6.01%
- 10Y*
- —
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PJAN vs. KAPR - Expense Ratio Comparison
Both PJAN and KAPR have an expense ratio of 0.79%.
Return for Risk
PJAN vs. KAPR — Risk / Return Rank
PJAN
KAPR
PJAN vs. KAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Innovator Russell 2000 Power Buffer ETF - April (KAPR). 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.
| PJAN | KAPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.72 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.73 | 2.47 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.10 | -0.53 |
Martin ratioReturn relative to average drawdown | 8.51 | 12.86 | -4.35 |
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
| PJAN | KAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.72 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.51 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.73 | +0.08 |
Correlation
The correlation between PJAN and KAPR is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PJAN vs. KAPR - Dividend Comparison
Neither PJAN nor KAPR has paid dividends to shareholders.
Drawdowns
PJAN vs. KAPR - Drawdown Comparison
The maximum PJAN drawdown since its inception was -21.25%, which is greater than KAPR's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for PJAN and KAPR.
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Drawdown Indicators
| PJAN | KAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.25% | -16.91% | -4.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -8.39% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -11.93% | -16.91% | +4.98% |
Current DrawdownCurrent decline from peak | -2.95% | 0.00% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -4.02% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 1.37% | -0.01% |
Volatility
PJAN vs. KAPR - Volatility Comparison
Innovator U.S. Equity Power Buffer ETF - January (PJAN) has a higher volatility of 3.24% compared to Innovator Russell 2000 Power Buffer ETF - April (KAPR) at 1.70%. This indicates that PJAN's price experiences larger fluctuations and is considered to be riskier than KAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJAN | KAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 1.70% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.59% | 3.93% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.87% | 10.19% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 11.77% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 11.72% | -1.03% |