SMYY vs. AJAN
SMYY (GraniteShares YieldBOOST SMCI ETF) and AJAN (Innovator Equity Defined Protection ETF - 2 Yr To January 2026) are both Options Trading funds. Both are actively managed. Their 0.38 correlation means their historical movements had little consistent relationship. SMYY charges 1.07%/yr vs 0.79%/yr for AJAN.
Performance
SMYY vs. AJAN - Performance Comparison
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Returns By Period
In the year-to-date period, SMYY achieves a -6.99% return, which is significantly lower than AJAN's 2.19% return.
SMYY
- 1D
- 0.08%
- 1M
- -3.11%
- 6M
- -7.72%
- YTD
- -6.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AJAN
- 1D
- 0.28%
- 1M
- 0.22%
- 6M
- 1.71%
- YTD
- 2.19%
- 1Y
- 4.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $57.65K | $63.63K | $78.33K | |
| $170.95K | $180.38K | $260.75K |
SMYY vs. AJAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMYY GraniteShares YieldBOOST SMCI ETF | -6.99% | -27.35% |
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026 | 2.19% | 1.31% |
Correlation
The correlation between SMYY and AJAN is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.38 |
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Return for Risk
SMYY vs. AJAN — Risk / Return Rank
SMYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AJAN
SMYY vs. AJAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST SMCI ETF (SMYY) 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.
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.
| SMYY | AJAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.09 | — |
| Martin ratioReturn relative to average drawdown | — | 10.04 | — |
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Drawdowns
SMYY vs. AJAN - Drawdown Comparison
The maximum SMYY drawdown since its inception was -38.26%, which is greater than AJAN's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for SMYY and AJAN.
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Drawdown Indicators
| SMYY | AJAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.26% | -4.11% | -34.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.24% | — |
Current DrawdownCurrent decline from peak | -37.89% | -0.07% | -37.82% |
Average DrawdownAverage peak-to-trough decline | -26.88% | -0.30% | -26.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.47% | — |
Volatility
SMYY vs. AJAN - Volatility Comparison
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Volatility by Period
| SMYY | AJAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.77% | 2.56% | +28.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.77% | 3.77% | +27.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.77% | 3.77% | +27.00% |
SMYY vs. AJAN - Expense Ratio Comparison
SMYY has a 1.07% expense ratio, which is higher than AJAN's 0.79% expense ratio.
Dividends
SMYY vs. AJAN - Dividend Comparison
SMYY's dividend yield for the trailing twelve months is around 215.24%, while AJAN has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026 | 0.00% | 0.00% |
SMYY GraniteShares YieldBOOST SMCI ETF | 215.24% | 53.33% |
Frequently Asked Questions
SMYY and AJAN have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AJAN is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AJAN is cheaper with a 0.79% expense ratio, compared with 1.07% for SMYY.
SMYY has the higher dividend yield at 215.24%, compared with 0.00% for AJAN.
They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.07% for SMYY and 0.79% for AJAN.
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