TWOX vs. JANB
TWOX (iShares Large Cap Accelerated Outcome ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. TWOX charges 0.50%/yr vs 0.25%/yr for JANB.
Performance
TWOX vs. JANB - Performance Comparison
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Returns By Period
In the year-to-date period, TWOX achieves a 2.15% return, which is significantly lower than JANB's 6.08% return.
TWOX
- 1D
- 0.00%
- 1M
- 1.50%
- YTD
- 2.15%
- 6M
- 3.54%
- 1Y
- 16.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANB
- 1D
- -0.22%
- 1M
- 2.38%
- YTD
- 6.08%
- 6M
- 7.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TWOX vs. JANB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TWOX iShares Large Cap Accelerated Outcome ETF | 2.15% | 5.36% |
JANB Aptus January Buffer ETF | 6.08% | 2.69% |
Correlation
The correlation between TWOX and JANB is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.90 |
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Return for Risk
TWOX vs. JANB — Risk / Return Rank
TWOX
JANB
TWOX vs. JANB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Accelerated Outcome ETF (TWOX) 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.
| TWOX | JANB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | — | — |
| Martin ratioReturn relative to average drawdown | 8.04 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TWOX | JANB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.97 | -1.29 |
Drawdowns
TWOX vs. JANB - Drawdown Comparison
The maximum TWOX drawdown since its inception was -19.35%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for TWOX and JANB.
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Drawdown Indicators
| TWOX | JANB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.35% | -6.52% | -12.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.22% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -1.14% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | — | — |
Volatility
TWOX vs. JANB - Volatility Comparison
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Volatility by Period
| TWOX | JANB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 7.41% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 7.41% | +9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 7.41% | +9.37% |
TWOX vs. JANB - Expense Ratio Comparison
TWOX has a 0.50% expense ratio, which is higher than JANB's 0.25% expense ratio.
Dividends
TWOX vs. JANB - Dividend Comparison
TWOX's dividend yield for the trailing twelve months is around 0.55%, while JANB has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
JANB Aptus January Buffer ETF | 0.00% | 0.00% |
TWOX iShares Large Cap Accelerated Outcome ETF | 0.55% | 0.57% |
Frequently Asked Questions
With a correlation of 0.90, TWOX and JANB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
JANB is cheaper with a 0.25% expense ratio, compared with 0.50% for TWOX.
TWOX has the higher dividend yield at 0.55%, compared with 0.00% for JANB.
They also come from different issuers: iShares and Aptus Capital Advisors. Their fees differ too: 0.50% for TWOX and 0.25% for JANB.
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