BUYW vs JANJ
Main BuyWrite ETF vs Innovator Premium Income 30 Barrier ETF - January
Which is better, BUYW or JANJ?
BUYW has been ahead.
JANJ has a lower expense ratio. BUYW led over 1Y 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 | BUYW | JANJ |
|---|---|---|
| Expense Ratio | 0.99% | 0.79%Best |
| AUM | $1.5B | $14M |
| Dividend Yield | 5.97% | 5.03% |
| Holdings | 44 | 19 |
| YTD Return | +2.17%Best | +0.61% |
| 1Y Return | +3.56%Best | +0.08% |
| 3Y Return (annualized) | +7.50% | - |
| Volatility (annualized) | 3.2% | 3.0%Best |
| Max Drawdown | -9.4% | -7.6%Best |
| $10,000 over 2.8 years | $12,159Best | $10,079 |
| Fund Family | Main Management Fund Advisors, LLC | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 29, 2015 | Jan 2, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Jan 2, 2024 to Oct 14, 2026 (2.8 years).
BUYW vs JANJ 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 2.8 years both funds cover.
BUYW vs JANJ Performance
Main BuyWrite ETF (BUYW) is an ETF from Main Management Fund Advisors, LLC and Innovator Premium Income 30 Barrier ETF - January (JANJ) is an ETF from Innovator ETFs Trust. Over the past year BUYW returned +3.56% while JANJ returned +0.08%. Year to date, BUYW is up 2.17% versus a gain of 0.61% for JANJ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BUYW has been the more volatile fund, with annualized monthly volatility of 3.2% compared with 3.0% for JANJ. 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 -9.4% for BUYW and -7.6% for JANJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BUYW charges 0.99% per year while JANJ charges 0.79%. On a $10,000 position that is $99 vs $79 annually, a gap of $20 per year that compounds over a long holding period. On income, BUYW currently yields 5.97% against 5.03% for JANJ.
You are not choosing between two funds in isolation.
Whichever of BUYW and JANJ 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, BUYW or JANJ?
BUYW has an expense ratio of 0.99% while JANJ charges 0.79%. JANJ is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, BUYW or JANJ?
Over the past year BUYW returned +3.56% vs +0.08% for JANJ, so BUYW leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUYW or JANJ?
BUYW has been the more volatile fund at 3.2% annualized versus 3.0% for JANJ. Worst drawdown: BUYW -9.4% vs JANJ -7.6%.
Should I hold both BUYW and JANJ?
BUYW and JANJ have a monthly-return correlation of 0.66, 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, BUYW or JANJ?
BUYW yields 5.97% while JANJ yields 5.03%, so BUYW currently pays the higher dividend yield.
Is JANJ better than BUYW?
JANJ has a lower expense ratio. BUYW led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.