SLTY vs. KJAN
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and KJAN (Innovator U.S. Small Cap Power Buffer ETF - January) are both exchange-traded funds - SLTY is a Derivative Income fund actively managed by YieldMax, while KJAN is a Defined Outcome fund tracking the iShares Russell 2000 ETF. SLTY is actively managed, while KJAN is passively managed. At a correlation of -0.65, they often move in opposite directions. SLTY charges 1.24%/yr vs 0.79%/yr for KJAN.
Performance
SLTY vs. KJAN - Performance Comparison
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Returns By Period
In the year-to-date period, SLTY achieves a -7.07% return, which is significantly lower than KJAN's 9.30% return.
SLTY
- 1D
- -2.48%
- 1M
- -1.42%
- YTD
- -7.07%
- 6M
- -5.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KJAN
- 1D
- -0.17%
- 1M
- 1.34%
- YTD
- 9.30%
- 6M
- 6.60%
- 1Y
- 21.16%
- 3Y*
- 13.31%
- 5Y*
- 7.66%
- 10Y*
- —
SLTY vs. KJAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -7.07% | -12.61% |
KJAN Innovator U.S. Small Cap Power Buffer ETF - January | 9.30% | 7.51% |
Correlation
The correlation between SLTY and KJAN is -0.65, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | -0.65 |
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Return for Risk
SLTY vs. KJAN — Risk / Return Rank
SLTY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KJAN
SLTY vs. KJAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) and Innovator U.S. Small Cap Power Buffer ETF - January (KJAN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLTY | KJAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.92 | — |
| Martin ratioReturn relative to average drawdown | — | 13.83 | — |
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Drawdowns
SLTY vs. KJAN - Drawdown Comparison
The maximum SLTY drawdown since its inception was -21.27%, smaller than the maximum KJAN drawdown of -28.94%. Use the drawdown chart below to compare losses from any high point for SLTY and KJAN.
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Drawdown Indicators
| SLTY | KJAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -28.94% | +7.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.83% | — |
Current DrawdownCurrent decline from peak | -18.80% | -0.36% | -18.44% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -4.08% | -10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.53% | — |
Volatility
SLTY vs. KJAN - Volatility Comparison
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Volatility by Period
| SLTY | KJAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 10.81% | +7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.26% | 13.06% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 15.38% | +2.88% |
SLTY vs. KJAN - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than KJAN's 0.79% expense ratio.
Dividends
SLTY vs. KJAN - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 79.09%, while KJAN has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
KJAN Innovator U.S. Small Cap Power Buffer ETF - January | 0.00% | 0.00% |
SLTY YieldMax Ultra Short Option Income Strategy ETF | 79.09% | 29.68% |
Frequently Asked Questions
SLTY and KJAN have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KJAN is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KJAN is cheaper with a 0.79% expense ratio, compared with 1.24% for SLTY.
SLTY has the higher dividend yield at 79.09%, compared with 0.00% for KJAN.
SLTY is categorized as Derivative Income, while KJAN is Defined Outcome. They also come from different issuers: YieldMax and Innovator. Their fees differ too: 1.24% for SLTY and 0.79% for KJAN.
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