BJAN vs UAUG
Innovator US Equity Buffer ETF - January vs Innovator US Equity Ultra Buffer ETF - August
Which is better, BJAN or UAUG?
BJAN has been ahead.
BJAN led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92.
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 | UAUG |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $351M | $248M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 24 |
| YTD Return | +10.65%Best | +8.01% |
| 1Y Return | +15.29%Best | +10.28% |
| 3Y Return (annualized) | +17.60%Best | +14.19% |
| 5Y Return (annualized) | +10.73%Best | +8.49% |
| Volatility (annualized) | 11.7% | 7.7%Best |
| Max Drawdown | -26.9% | -13.9%Best |
| $10,000 over 5 years | $16,647Best | $15,030 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 31, 2018 | Jul 31, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 1, 2019 to Oct 14, 2026 (7.2 years).
BJAN vs UAUG 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 7.2 years both funds cover.
BJAN vs UAUG Performance
Innovator US Equity Buffer ETF - January (BJAN) is an ETF from Innovator ETFs Trust and Innovator US Equity Ultra Buffer ETF - August (UAUG) is an ETF from Innovator ETFs Trust. Over the past year BJAN returned +15.29% while UAUG returned +10.28%. Year to date, BJAN is up 10.65% versus a gain of 8.01% for UAUG.
Over three years, BJAN compounded at +17.60% per year against +14.19% for UAUG; over five years the annualized figures are +10.73% and +8.49% respectively. Across the full 7-year window we track, BJAN has the edge at +11.60% annualized vs +7.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BJAN has been the more volatile fund, with annualized monthly volatility of 11.7% compared with 7.7% for UAUG. 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 -26.9% for BJAN and -13.9% for UAUG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BJAN charges 0.79% per year while UAUG charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, BJAN currently yields 0.00% against 0.00% for UAUG.
You are not choosing between two funds in isolation.
Whichever of BJAN and UAUG 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 UAUG?
BJAN has an expense ratio of 0.79% while UAUG charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, BJAN or UAUG?
Over the past year BJAN returned +15.29% vs +10.28% for UAUG, so BJAN leads on 1-year performance. Over the longest common window we track (7 years), BJAN annualized +11.60% vs +7.98% for UAUG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BJAN or UAUG?
BJAN has been the more volatile fund at 11.7% annualized versus 7.7% for UAUG. Worst drawdown: BJAN -26.9% vs UAUG -13.9%.
Should I hold both BJAN and UAUG?
BJAN and UAUG have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, BJAN or UAUG?
BJAN yields 0.00% while UAUG yields 0.00%, so UAUG currently pays the higher dividend yield.
Is UAUG better than BJAN?
BJAN led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. Which one suits a particular account depends on what it is for. This is information, not a recommendation.