XBFR vs. JANB

Last updated Jun 6, 2026

XBFR (Innovator Equity Managed 10 Buffer ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. XBFR charges 0.79%/yr vs 0.25%/yr for JANB.

Performance

XBFR vs. JANB - Performance Comparison

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

Returns By Period

XBFR

• 1D: -2.13%
• 1M: 1.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -1.00%
• 1M: 0.53%
• YTD: 5.22%
• 6M: 6.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XBFR vs. JANB - Yearly Performance Comparison

	2026 (YTD)
XBFR Innovator Equity Managed 10 Buffer ETF	4.18%
JANB Aptus January Buffer ETF	4.41%

Correlation

The correlation between XBFR 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 Feb 25, 2026	0.87

Return for Risk

XBFR vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Managed 10 Buffer ETF (XBFR) 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.

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

Sharpe Ratios by Period

	XBFR	JANB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.97	1.73	+0.24

Drawdowns

XBFR vs. JANB - Drawdown Comparison

The maximum XBFR drawdown since its inception was -4.12%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for XBFR and JANB.

Drawdown Indicators

	XBFR	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-4.12%	-6.52%	+2.40%
Current Drawdown Current decline from peak	-2.13%	-1.03%	-1.10%
Average Drawdown Average peak-to-trough decline	-1.00%	-1.13%	+0.13%

Volatility

Volatility by Period

	XBFR	JANB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	8.00%	7.48%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.00%	7.48%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.00%	7.48%	+0.52%

XBFR vs. JANB - Expense Ratio Comparison

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

Dividends

XBFR vs. JANB - Dividend Comparison

XBFR's dividend yield for the trailing twelve months is around 0.03%, while JANB has not paid dividends to shareholders.

Position	TTM
JANB Aptus January Buffer ETF	0.00%
XBFR Innovator Equity Managed 10 Buffer ETF	0.03%

Frequently Asked Questions

Can I hold both XBFR and JANB in my portfolio?

XBFR 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, XBFR 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, XBFR or JANB?

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

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

XBFR has the higher dividend yield at 0.03%, compared with 0.00% for JANB.

What is the main difference between XBFR and JANB?

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