ZOCT vs. JANB
ZOCT (Innovator Equity Defined Protection ETF - 1 Yr October) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. ZOCT charges 0.79%/yr vs 0.25%/yr for JANB.
Performance
ZOCT vs. JANB - Performance Comparison
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Returns By Period
In the year-to-date period, ZOCT achieves a 2.61% return, which is significantly lower than JANB's 5.24% return.
ZOCT
- 1D
- -0.02%
- 1M
- 0.24%
- YTD
- 2.61%
- 6M
- 2.51%
- 1Y
- 6.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANB
- 1D
- -0.07%
- 1M
- -0.23%
- YTD
- 5.24%
- 6M
- 5.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZOCT vs. JANB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZOCT Innovator Equity Defined Protection ETF - 1 Yr October | 2.61% | 0.99% |
JANB Aptus January Buffer ETF | 5.24% | 2.76% |
Correlation
The correlation between ZOCT and JANB is 0.89, 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 | 0.89 |
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Return for Risk
ZOCT vs. JANB — Risk / Return Rank
ZOCT
JANB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ZOCT vs. JANB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr October (ZOCT) 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.
| ZOCT | JANB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.62 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.38 | — | — |
| Martin ratioReturn relative to average drawdown | 21.06 | — | — |
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Drawdowns
ZOCT vs. JANB - Drawdown Comparison
The maximum ZOCT drawdown since its inception was -3.18%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for ZOCT and JANB.
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Drawdown Indicators
| ZOCT | JANB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.18% | -6.52% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -1.04% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -1.10% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | — | — |
Volatility
ZOCT vs. JANB - Volatility Comparison
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Volatility by Period
| ZOCT | JANB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.20% | 7.49% | -5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.02% | 7.49% | -4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 7.49% | -4.47% |
ZOCT vs. JANB - Expense Ratio Comparison
ZOCT has a 0.79% expense ratio, which is higher than JANB's 0.25% expense ratio.
Dividends
ZOCT vs. JANB - Dividend Comparison
Neither ZOCT nor JANB has paid dividends to shareholders.
Frequently Asked Questions
ZOCT and JANB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
JANB is cheaper with a 0.25% expense ratio, compared with 0.79% for ZOCT.
ZOCT and JANB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Aptus Capital Advisors. Their fees differ too: 0.79% for ZOCT and 0.25% for JANB.
Find the right allocation for ZOCT and JANB
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