TJAN vs. BAMU

Last updated Jul 2, 2026

TJAN (Innovator Equity Defined Protection ETF - 2 Yr To January 2027) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - TJAN is a Options Trading fund actively managed by Innovator, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. Both are actively managed. Over the past year, TJAN returned 7.11% vs 2.89% for BAMU. At a correlation of -0.02, they often move in opposite directions. TJAN charges 0.79%/yr vs 1.09%/yr for BAMU.

Performance

TJAN vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Defined Protection ETF - 2 Yr To January 2027 (TJAN) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TJAN achieves a 3.04% return, which is significantly higher than BAMU's 1.24% return.

TJAN

• 1D: 0.07%
• 1M: 0.24%
• YTD: 3.04%
• 6M: 3.04%
• 1Y: 7.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAMU

• 1D: 0.00%
• 1M: 0.20%
• YTD: 1.24%
• 6M: 1.24%
• 1Y: 2.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TJAN vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025
TJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2027	3.04%	7.43%
BAMU Brookstone Ultra-Short Bond ETF	1.24%	3.21%

Correlation

The correlation between TJAN and BAMU is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Jan 2, 2025	-0.02

Return for Risk

TJAN vs. BAMU — Risk / Return Rank

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

TJAN

TJAN Risk / Return Rank: 89
TJAN Sharpe Ratio Rank: 91
TJAN Sortino Ratio Rank: 93
TJAN Omega Ratio Rank: 93
TJAN Calmar Ratio Rank: 78
TJAN Martin Ratio Rank: 91

BAMU

BAMU Risk / Return Rank: 99
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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.

TJAN vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 2 Yr To January 2027 (TJAN) and Brookstone Ultra-Short Bond ETF (BAMU). 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.

	TJAN	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	2.59	4.98	-2.40
Sortino ratio: Return per unit of downside risk	3.96	8.79	-4.83
Omega ratio: Gain probability vs. loss probability	1.52	2.43	-0.91
Calmar ratio: Return relative to maximum drawdown	3.39	24.55	-21.15
Martin ratio: Return relative to average drawdown	17.81	97.47	-79.66

TJAN vs. BAMU - Sharpe Ratio Comparison

The current TJAN Sharpe Ratio is 2.59, which is lower than the BAMU Sharpe Ratio of 4.98. The chart below compares the historical Sharpe Ratios of TJAN and BAMU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TJAN vs. BAMU - Drawdown Comparison

The maximum TJAN drawdown since its inception was -4.83%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for TJAN and BAMU.

Drawdown Indicators

	TJAN	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-4.83%	-0.36%	-4.47%
Max Drawdown (1Y) Largest decline over 1 year	-2.10%	-0.12%	-1.98%
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.43%	-0.02%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.40%	0.03%	+0.37%

Volatility

TJAN vs. BAMU - Volatility Comparison

Innovator Equity Defined Protection ETF - 2 Yr To January 2027 (TJAN) has a higher volatility of 0.76% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.08%. This indicates that TJAN's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TJAN	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	0.08%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	2.18%	0.38%	+1.80%
Volatility (1Y) Calculated over the trailing 1-year period	2.77%	0.58%	+2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.33%	0.86%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.33%	0.86%	+3.47%

TJAN vs. BAMU - Expense Ratio Comparison

TJAN has a 0.79% expense ratio, which is lower than BAMU's 1.09% expense ratio.

Dividends

TJAN vs. BAMU - Dividend Comparison

TJAN has not paid dividends to shareholders, while BAMU's dividend yield for the trailing twelve months is around 3.05%.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
TJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2027	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TJAN and BAMU in my portfolio?

TJAN and BAMU have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TJAN or BAMU?

TJAN has higher volatility (0.76%) compared to BAMU (0.08%). In terms of maximum drawdown, TJAN dropped -4.83% vs BAMU's -0.36%.

Which ETF is better, TJAN or BAMU?

On 1-year performance, TJAN leads with 7.11% vs 2.89% for BAMU. On fees, TJAN is cheaper at 0.79% per year. On volatility, BAMU has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TJAN or BAMU?

Over the 1-year period, TJAN has performed better with a 7.11% return vs 2.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TJAN or BAMU?

TJAN is cheaper with a 0.79% expense ratio, compared with 1.09% for BAMU.

Which ETF pays a higher dividend yield, TJAN or BAMU?

BAMU has the higher dividend yield at 3.05%, compared with 0.00% for TJAN.

What is the main difference between TJAN and BAMU?

TJAN is categorized as Options Trading, while BAMU is Ultrashort Bond. They also come from different issuers: Innovator and Brookstone. Their fees differ too: 0.79% for TJAN and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (4.98 vs 2.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.