TSJA vs. DBJA
Compare and contrast key facts about Innovator Triple Stacker ETF - January (TSJA) and Innovator Double Stacker 9 Buffer ETF - January (DBJA).
TSJA and DBJA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSJA is an actively managed fund by Innovator. It was launched on Jan 4, 2021. DBJA is an actively managed fund by Innovator. It was launched on Jan 4, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSJA or DBJA.
Key characteristics
| TSJA | DBJA |
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Correlation
The correlation between TSJA and DBJA is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSJA vs. DBJA - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSJA vs. DBJA - Expense Ratio Comparison
Both TSJA and DBJA have an expense ratio of 0.79%.
Risk-Adjusted Performance
TSJA vs. DBJA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Triple Stacker ETF - January (TSJA) and Innovator Double Stacker 9 Buffer ETF - January (DBJA). 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.
Dividends
TSJA vs. DBJA - Dividend Comparison
Neither TSJA nor DBJA has paid dividends to shareholders.
Drawdowns
TSJA vs. DBJA - Drawdown Comparison
Volatility
TSJA vs. DBJA - Volatility Comparison
Innovator Triple Stacker ETF - January (TSJA) has a higher volatility of 1.16% compared to Innovator Double Stacker 9 Buffer ETF - January (DBJA) at 0.38%. This indicates that TSJA's price experiences larger fluctuations and is considered to be riskier than DBJA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.