PJAN vs. XYLG
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Global X S&P 500 Covered Call & Growth ETF (XYLG).
PJAN and XYLG 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. XYLG is a passively managed fund by Global X that tracks the performance of the Cboe S&P 500 Half BuyWrite Index. It was launched on Sep 18, 2020. Both PJAN and XYLG 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. XYLG - Performance Comparison
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PJAN vs. XYLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PJAN Innovator U.S. Equity Power Buffer ETF - January | -1.66% | 11.29% | 13.45% | 18.18% | -5.29% | 8.80% | 5.64% |
XYLG Global X S&P 500 Covered Call & Growth ETF | -2.15% | 12.93% | 22.31% | 18.16% | -15.46% | 23.81% | 12.13% |
Returns By Period
In the year-to-date period, PJAN achieves a -1.66% return, which is significantly higher than XYLG's -2.15% return.
PJAN
- 1D
- 0.24%
- 1M
- -2.16%
- YTD
- -1.66%
- 6M
- 0.95%
- 1Y
- 11.31%
- 3Y*
- 11.66%
- 5Y*
- 7.86%
- 10Y*
- —
XYLG
- 1D
- 0.88%
- 1M
- -3.11%
- YTD
- -2.15%
- 6M
- 2.08%
- 1Y
- 14.74%
- 3Y*
- 14.46%
- 5Y*
- 9.42%
- 10Y*
- —
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PJAN vs. XYLG - Expense Ratio Comparison
PJAN has a 0.79% expense ratio, which is higher than XYLG's 0.35% expense ratio.
Return for Risk
PJAN vs. XYLG — Risk / Return Rank
PJAN
XYLG
PJAN vs. XYLG - 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 Global X S&P 500 Covered Call & Growth ETF (XYLG). 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 | XYLG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 0.90 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.41 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.32 | +0.25 |
Martin ratioReturn relative to average drawdown | 8.42 | 7.20 | +1.22 |
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 | XYLG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.90 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.68 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.86 | -0.05 |
Correlation
The correlation between PJAN and XYLG 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.
Dividends
PJAN vs. XYLG - Dividend Comparison
PJAN has not paid dividends to shareholders, while XYLG's dividend yield for the trailing twelve months is around 14.65%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PJAN Innovator U.S. Equity Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLG Global X S&P 500 Covered Call & Growth ETF | 14.65% | 13.94% | 23.65% | 4.90% | 6.43% | 7.40% | 1.39% |
Drawdowns
PJAN vs. XYLG - Drawdown Comparison
The maximum PJAN drawdown since its inception was -21.25%, roughly equal to the maximum XYLG drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for PJAN and XYLG.
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Drawdown Indicators
| PJAN | XYLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.25% | -21.30% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -11.39% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -11.93% | -21.30% | +9.37% |
Current DrawdownCurrent decline from peak | -2.71% | -3.84% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -4.21% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.08% | -0.71% |
Volatility
PJAN vs. XYLG - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - January (PJAN) is 3.24%, while Global X S&P 500 Covered Call & Growth ETF (XYLG) has a volatility of 4.85%. This indicates that PJAN experiences smaller price fluctuations and is considered to be less risky than XYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PJAN | XYLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 4.85% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.60% | 7.74% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.87% | 16.40% | -6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 14.02% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 13.98% | -3.29% |