XDOC vs. AJAN

Last updated Jun 4, 2026

XDOC (Innovator U.S. Equity Accelerated ETF - October) and AJAN (Innovator Equity Defined Protection ETF - 2 Yr To January 2026) are both Options Trading funds from Innovator. Both are actively managed. Both charge a 0.79% expense ratio.

Performance

XDOC vs. AJAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated ETF - October (XDOC) and Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XDOC

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AJAN

• 1D: -0.11%
• 1M: 0.69%
• YTD: 1.94%
• 6M: 2.35%
• 1Y: 6.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDOC vs. AJAN - Yearly Performance Comparison

	2026 (YTD)
XDOC Innovator U.S. Equity Accelerated ETF - October	0.00%
AJAN Innovator Equity Defined Protection ETF - 2 Yr To January 2026	1.56%

Return for Risk

XDOC vs. AJAN — Risk / Return Rank

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

AJAN

AJAN Risk / Return Rank: 77
AJAN Sharpe Ratio Rank: 78
AJAN Sortino Ratio Rank: 88
AJAN Omega Ratio Rank: 89
AJAN Calmar Ratio Rank: 55
AJAN Martin Ratio Rank: 73

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.

XDOC vs. AJAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated ETF - October (XDOC) and Innovator Equity Defined Protection ETF - 2 Yr To January 2026 (AJAN). 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

	XDOC	AJAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.74	—

Drawdowns

XDOC vs. AJAN - Drawdown Comparison

The maximum XDOC drawdown since its inception was 0.00%, smaller than the maximum AJAN drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for XDOC and AJAN.

Drawdown Indicators

	XDOC	AJAN	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.11%	+4.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.24%	—
Current Drawdown Current decline from peak	0.00%	-0.18%	+0.18%
Average Drawdown Average peak-to-trough decline	0.00%	-0.29%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.44%	—

Volatility

Volatility by Period

	XDOC	AJAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.67%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	2.36%	-2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	3.80%	-3.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	3.80%	-3.80%

XDOC vs. AJAN - Expense Ratio Comparison

Both XDOC and AJAN have an expense ratio of 0.79%.

Dividends

XDOC vs. AJAN - Dividend Comparison

Neither XDOC nor AJAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, XDOC or AJAN?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDOC or AJAN?

XDOC and AJAN have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, XDOC or AJAN?

XDOC and AJAN have nearly identical dividend yields, around 0.00%.