PJAN vs. VTI
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Vanguard Total Stock Market ETF (VTI).
PJAN and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001. Both PJAN and VTI 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 VTI.
Key characteristics
| PJAN | VTI | |
|---|---|---|
| YTD Return | 6.26% | 11.10% |
| 1Y Return | 18.26% | 31.05% |
| 3Y Return (Ann) | 7.24% | 8.44% |
| 5Y Return (Ann) | 7.71% | 14.27% |
| Sharpe Ratio | 2.78 | 2.51 |
| Daily Std Dev | 6.39% | 11.98% |
| Max Drawdown | -21.25% | -55.45% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PJAN and VTI is 0.90, 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. VTI - Performance Comparison
In the year-to-date period, PJAN achieves a 6.26% return, which is significantly lower than VTI's 11.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PJAN vs. VTI - Expense Ratio Comparison
PJAN has a 0.79% expense ratio, which is higher than VTI's 0.03% expense ratio.
Risk-Adjusted Performance
PJAN vs. VTI - 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 Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
PJAN has not paid dividends to shareholders, while VTI's dividend yield for the trailing twelve months is around 1.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VTI Vanguard Total Stock Market ETF | 1.35% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% | 1.74% |
Drawdowns
PJAN vs. VTI - Drawdown Comparison
The maximum PJAN drawdown since its inception was -21.25%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PJAN and VTI. For additional features, visit the drawdowns tool.
Volatility
PJAN vs. VTI - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - January (PJAN) is 1.68%, while Vanguard Total Stock Market ETF (VTI) has a volatility of 3.52%. This indicates that PJAN experiences smaller price fluctuations and is considered to be less risky than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.