NJAN vs NOCT
Innovator Growth 100 Power Buffer ETF - January vs Innovator Growth-100 Power Buffer ETF - October
Which is better, NJAN or NOCT?
Each has led over a different period.
NJAN led over 1Y and 3Y, NOCT over 5Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | NJAN | NOCT |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $340M | $314M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 18 |
| YTD Return | +10.68% | +10.90%Best |
| 1Y Return | +14.40%Best | +13.40% |
| 3Y Return (annualized) | +14.14%Best | +14.09% |
| 5Y Return (annualized) | +7.84% | +10.19%Best |
| Volatility (annualized) | 10.0% | 9.2%Best |
| Max Drawdown | -20.7% | -16.2%Best |
| $10,000 over 5 years | $14,585 | $16,245Best |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jan 1, 2020 | Oct 1, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 2, 2020 to Oct 14, 2026 (6.8 years).
NJAN vs NOCT 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 6.8 years both funds cover.
NJAN vs NOCT Performance
Innovator Growth 100 Power Buffer ETF - January (NJAN) is an ETF from Innovator ETFs Trust and Innovator Growth-100 Power Buffer ETF - October (NOCT) is an ETF from Innovator ETFs Trust. Over the past year NJAN returned +14.40% while NOCT returned +13.40%. Year to date, NJAN is up 10.68% versus a gain of 10.90% for NOCT.
Over three years, NJAN compounded at +14.14% per year against +14.09% for NOCT; over five years the annualized figures are +7.84% and +10.19% respectively. Across the full 7-year window we track, NOCT has the edge at +10.54% annualized vs +8.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NJAN has been the more volatile fund, with annualized monthly volatility of 10.0% compared with 9.2% for NOCT. 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 -20.7% for NJAN and -16.2% for NOCT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NJAN charges 0.79% per year while NOCT charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, NJAN currently yields 0.00% against 0.00% for NOCT.
You are not choosing between two funds in isolation.
Whichever of NJAN and NOCT 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, NJAN or NOCT?
NJAN has an expense ratio of 0.79% while NOCT charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, NJAN or NOCT?
Over the past year NJAN returned +14.40% vs +13.40% for NOCT, so NJAN leads on 1-year performance. Over the longest common window we track (7 years), NJAN annualized +8.38% vs +10.54% for NOCT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NJAN or NOCT?
NJAN has been the more volatile fund at 10.0% annualized versus 9.2% for NOCT. Worst drawdown: NJAN -20.7% vs NOCT -16.2%.
Should I hold both NJAN and NOCT?
NJAN and NOCT have a monthly-return correlation of 0.93, 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, NJAN or NOCT?
NJAN yields 0.00% while NOCT yields 0.00%, so NOCT currently pays the higher dividend yield.
Is NOCT better than NJAN?
NJAN led over 1Y and 3Y, NOCT over 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.