SNOV vs. JANB

Last updated Jun 24, 2026

SNOV (FT Vest U.S. Small Cap Moderate Buffer ETF - November) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. SNOV charges 0.90%/yr vs 0.25%/yr for JANB.

Performance

SNOV vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNOV achieves a 8.80% return, which is significantly higher than JANB's 5.32% return.

SNOV

• 1D: -0.32%
• 1M: 1.40%
• YTD: 8.80%
• 6M: 7.97%
• 1Y: 17.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -0.50%
• 1M: -0.15%
• YTD: 5.32%
• 6M: 5.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SNOV vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
SNOV FT Vest U.S. Small Cap Moderate Buffer ETF - November	8.80%	-0.80%
JANB Aptus January Buffer ETF	5.32%	2.76%

Correlation

The correlation between SNOV and JANB is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.75

Return for Risk

SNOV vs. JANB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNOV

SNOV Risk / Return Rank: 54
SNOV Sharpe Ratio Rank: 53
SNOV Sortino Ratio Rank: 55
SNOV Omega Ratio Rank: 53
SNOV Calmar Ratio Rank: 50
SNOV Martin Ratio Rank: 60

JANB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNOV vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) and Aptus January Buffer ETF (JANB). 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.

	SNOV	JANB	Difference
Sharpe ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.41	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.27	—	—
Martin ratio: Return relative to average drawdown	9.77	—	—

Drawdowns

SNOV vs. JANB - Drawdown Comparison

The maximum SNOV drawdown since its inception was -15.36%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for SNOV and JANB.

Drawdown Indicators

	SNOV	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-15.36%	-6.52%	-8.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.97%	+0.65%
Average Drawdown Average peak-to-trough decline	-1.99%	-1.10%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	—	—

Volatility

Volatility by Period

	SNOV	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.85%	7.51%	+3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	7.51%	+3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.08%	7.51%	+3.57%

SNOV vs. JANB - Expense Ratio Comparison

SNOV has a 0.90% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

SNOV vs. JANB - Dividend Comparison

Neither SNOV nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SNOV and JANB in my portfolio?

SNOV and JANB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNOV or JANB?

On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNOV or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.90% for SNOV.

Which ETF pays a higher dividend yield, SNOV or JANB?

SNOV and JANB have nearly identical dividend yields, around 0.00%.

What is the main difference between SNOV and JANB?

They also come from different issuers: First Trust and Aptus Capital Advisors. Their fees differ too: 0.90% for SNOV and 0.25% for JANB.