SLQD vs. AJAN
Compare and contrast key facts about iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN).
SLQD and AJAN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLQD is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid Investment Grade 0-5 Index. It was launched on Oct 15, 2013. AJAN is an actively managed fund by Innovator. It was launched on Dec 29, 2023.
Performance
SLQD vs. AJAN - Performance Comparison
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SLQD vs. AJAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.32% | 6.27% | 5.15% |
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026 | -0.63% | 6.12% | 7.78% |
Returns By Period
In the year-to-date period, SLQD achieves a 0.32% return, which is significantly higher than AJAN's -0.63% return.
SLQD
- 1D
- 0.03%
- 1M
- -0.45%
- YTD
- 0.32%
- 6M
- 1.35%
- 1Y
- 4.71%
- 3Y*
- 5.23%
- 5Y*
- 2.53%
- 10Y*
- 2.68%
AJAN
- 1D
- 0.11%
- 1M
- -1.26%
- YTD
- -0.63%
- 6M
- 0.58%
- 1Y
- 5.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SLQD vs. AJAN - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than AJAN's 0.79% expense ratio.
Return for Risk
SLQD vs. AJAN — Risk / Return Rank
SLQD
AJAN
SLQD vs. AJAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) and Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN). 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.
| SLQD | AJAN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 1.18 | +1.29 |
Sortino ratioReturn per unit of downside risk | 3.67 | 1.77 | +1.90 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.34 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 4.49 | 1.56 | +2.93 |
Martin ratioReturn relative to average drawdown | 18.52 | 8.34 | +10.19 |
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
| SLQD | AJAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 1.18 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.53 | -0.69 |
Correlation
The correlation between SLQD and AJAN is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SLQD vs. AJAN - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.26%, while AJAN has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.26% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SLQD vs. AJAN - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, which is greater than AJAN's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for SLQD and AJAN.
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Drawdown Indicators
| SLQD | AJAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -4.11% | -8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -3.34% | +2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -1.46% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -0.30% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 0.63% | -0.37% |
Volatility
SLQD vs. AJAN - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.73%, while Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN) has a volatility of 1.38%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky than AJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLQD | AJAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.38% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 1.00% | 1.72% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 4.42% | -2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.43% | 3.86% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 3.86% | -0.72% |