UJAN vs. VOO
Compare and contrast key facts about Innovator U.S. Equity Ultra Buffer ETF - January (UJAN) and Vanguard S&P 500 ETF (VOO).
UJAN and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both UJAN and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UJAN or VOO.
Key characteristics
| UJAN | VOO | |
|---|---|---|
| YTD Return | 7.78% | 15.27% |
| 1Y Return | 13.38% | 24.61% |
| 3Y Return (Ann) | 6.24% | 10.04% |
| 5Y Return (Ann) | 6.41% | 14.88% |
| Sharpe Ratio | 2.49 | 2.38 |
| Daily Std Dev | 5.70% | 11.17% |
| Max Drawdown | -13.69% | -33.99% |
| Current Drawdown | -0.03% | -0.47% |
Correlation
The correlation between UJAN and VOO is 0.85, 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
UJAN vs. VOO - Performance Comparison
In the year-to-date period, UJAN achieves a 7.78% return, which is significantly lower than VOO's 15.27% return. 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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UJAN vs. VOO - Expense Ratio Comparison
UJAN has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
UJAN vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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
UJAN vs. VOO - Dividend Comparison
UJAN has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UJAN Innovator U.S. Equity Ultra Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
UJAN vs. VOO - Drawdown Comparison
The maximum UJAN drawdown since its inception was -13.69%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for UJAN and VOO. For additional features, visit the drawdowns tool.
Volatility
UJAN vs. VOO - Volatility Comparison
The current volatility for Innovator U.S. Equity Ultra Buffer ETF - January (UJAN) is 0.75%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.09%. This indicates that UJAN experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.