BJAN vs BUYW
Innovator US Equity Buffer ETF - January vs Main BuyWrite ETF
Which is better, BJAN or BUYW?
BJAN has been ahead.
BJAN has a lower expense ratio. BJAN led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BJAN | BUYW |
|---|---|---|
| Expense Ratio | 0.79%Best | 0.99% |
| AUM | $351M | $1.5B |
| Dividend Yield | 0.00% | 5.97% |
| Holdings | 18 | 44 |
| YTD Return | +10.65%Best | +2.17% |
| 1Y Return | +15.29%Best | +3.56% |
| 3Y Return (annualized) | +17.60%Best | +7.50% |
| 5Y Return (annualized) | +10.73% | - |
| Volatility (annualized) | 9.8% | 4.5%Best |
| Max Drawdown | -13.8% | -9.4%Best |
| $10,000 over 4.1 years | $17,698Best | $13,909 |
| Fund Family | Innovator ETFs Trust | Main Management Fund Advisors, LLC |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 31, 2018 | Dec 29, 2015 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Sep 12, 2022 to Oct 14, 2026 (4.1 years).
BJAN vs BUYW growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.1 years both funds cover.
BJAN vs BUYW Performance
Innovator US Equity Buffer ETF - January (BJAN) is an ETF from Innovator ETFs Trust and Main BuyWrite ETF (BUYW) is an ETF from Main Management Fund Advisors, LLC. Over the past year BJAN returned +15.29% while BUYW returned +3.56%. Year to date, BJAN is up 10.65% versus a gain of 2.17% for BUYW.
Over three years, BJAN compounded at +17.60% per year against +7.50% for BUYW. Across the full 4-year window we track, BJAN has the edge at +14.94% annualized vs +8.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BJAN has been the more volatile fund, with annualized monthly volatility of 9.8% compared with 4.5% for BUYW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.8% for BJAN and -9.4% for BUYW. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BJAN charges 0.79% per year while BUYW charges 0.99%. On a $10,000 position that is $79 vs $99 annually, a gap of $20 per year that compounds over a long holding period. On income, BJAN currently yields 0.00% against 5.97% for BUYW.
You are not choosing between two funds in isolation.
Whichever of BJAN and BUYW you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BJAN or BUYW?
BJAN has an expense ratio of 0.79% while BUYW charges 0.99%. BJAN is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, BJAN or BUYW?
Over the past year BJAN returned +15.29% vs +3.56% for BUYW, so BJAN leads on 1-year performance. Over the longest common window we track (4 years), BJAN annualized +14.94% vs +8.38% for BUYW. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BJAN or BUYW?
BJAN has been the more volatile fund at 9.8% annualized versus 4.5% for BUYW. Worst drawdown: BJAN -13.8% vs BUYW -9.4%.
Should I hold both BJAN and BUYW?
BJAN and BUYW have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BJAN or BUYW?
BJAN yields 0.00% while BUYW yields 5.97%, so BUYW currently pays the higher dividend yield.
Is BUYW better than BJAN?
BJAN has a lower expense ratio. BJAN led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.