Correlation
The correlation between UJAN and BALT is 0.78, 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.
UJAN vs. BALT
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - January (UJAN) and Innovator Defined Wealth Shield ETF (BALT).
UJAN and BALT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UJAN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 30% (-5% to -35%) Buffer Protect January Series Index. It was launched on Jan 2, 2019. BALT is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UJAN or BALT.
Performance
UJAN vs. BALT - Performance Comparison
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Key characteristics
UJAN:
0.99
BALT:
1.71
UJAN:
1.35
BALT:
2.36
UJAN:
1.22
BALT:
1.41
UJAN:
0.84
BALT:
1.60
UJAN:
3.33
BALT:
8.03
UJAN:
2.27%
BALT:
0.98%
UJAN:
8.26%
BALT:
4.96%
UJAN:
-13.69%
BALT:
-4.89%
UJAN:
-1.22%
BALT:
-0.03%
Returns By Period
In the year-to-date period, UJAN achieves a 1.09% return, which is significantly lower than BALT's 1.46% return.
UJAN
1.09%
2.92%
1.61%
7.73%
9.69%
7.43%
N/A
BALT
1.46%
1.24%
1.59%
8.10%
7.36%
N/A
N/A
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UJAN vs. BALT - Expense Ratio Comparison
UJAN has a 0.79% expense ratio, which is higher than BALT's 0.69% expense ratio.
Risk-Adjusted Performance
UJAN vs. BALT — Risk-Adjusted Performance Rank
UJAN
BALT
UJAN vs. BALT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - January (UJAN) and Innovator Defined Wealth Shield ETF (BALT). 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.
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Dividends
UJAN vs. BALT - Dividend Comparison
Neither UJAN nor BALT has paid dividends to shareholders.
Drawdowns
UJAN vs. BALT - Drawdown Comparison
The maximum UJAN drawdown since its inception was -13.69%, which is greater than BALT's maximum drawdown of -4.89%. Use the drawdown chart below to compare losses from any high point for UJAN and BALT.
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Volatility
UJAN vs. BALT - Volatility Comparison
Innovator U.S. Equity Ultra Buffer ETF - January (UJAN) has a higher volatility of 2.37% compared to Innovator Defined Wealth Shield ETF (BALT) at 0.74%. This indicates that UJAN's price experiences larger fluctuations and is considered to be riskier than BALT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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