UJUN vs. JANB

Last updated Jul 17, 2026

UJUN (Innovator U.S. Equity Ultra Buffer ETF - June) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. UJUN is passively managed, while JANB is actively managed. Their correlation of 0.87 suggests significant overlap in exposure. UJUN charges 0.79%/yr vs 0.25%/yr for JANB.

Performance

UJUN vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UJUN achieves a 3.41% return, which is significantly lower than JANB's 6.78% return.

UJUN

• 1D: -0.08%
• 1M: 0.46%
• 6M: 2.94%
• YTD: 3.41%
• 1Y: 8.30%
• 3Y*: 10.31%
• 5Y*: 6.19%
• 10Y*: —

JANB

• 1D: -0.22%
• 1M: 0.40%
• 6M: 5.92%
• YTD: 6.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UJUN vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	3.41%	2.00%
JANB Aptus January Buffer ETF	6.78%	2.76%

Correlation

The correlation between UJUN and JANB is 0.87, 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 14, 2025	0.87

Return for Risk

UJUN vs. JANB — Risk / Return Rank

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

UJUN

UJUN Risk / Return Rank: 78
UJUN Sharpe Ratio Rank: 70
UJUN Sortino Ratio Rank: 74
UJUN Omega Ratio Rank: 85
UJUN Calmar Ratio Rank: 73
UJUN Martin Ratio Rank: 87

JANB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

UJUN vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - June (UJUN) 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.

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.

	UJUN	JANB	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.67	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.94	—	—
Martin ratio: Return relative to average drawdown	14.35	—	—

Drawdowns

UJUN vs. JANB - Drawdown Comparison

The maximum UJUN drawdown since its inception was -13.73%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for UJUN and JANB.

Drawdown Indicators

	UJUN	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-13.73%	-6.52%	-7.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.96%	—	—
Current Drawdown Current decline from peak	-0.21%	-0.22%	+0.01%
Average Drawdown Average peak-to-trough decline	-2.05%	-1.04%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	—	—

Volatility

Volatility by Period

	UJUN	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.62%	7.36%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.39%	7.36%	+1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.74%	7.36%	+1.38%

UJUN vs. JANB - Expense Ratio Comparison

UJUN has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

UJUN vs. JANB - Dividend Comparison

Neither UJUN nor JANB has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JANB Aptus January Buffer ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UJUN Innovator U.S. Equity Ultra Buffer ETF - June	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.89%

Frequently Asked Questions

Can I hold both UJUN and JANB in my portfolio?

UJUN and JANB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UJUN or JANB?

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.

Which ETF is cheaper, UJUN or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for UJUN.

Which ETF pays a higher dividend yield, UJUN or JANB?

UJUN and JANB have nearly identical dividend yields, around 0.00%.

What is the main difference between UJUN and JANB?

They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for UJUN and 0.25% for JANB.