PJAN vs PYPY
Innovator US Equity Power Buffer ETF - January vs YieldMax PYPL Option Income Strategy ETF
Which is better, PJAN or PYPY?
PJAN has been ahead.
PJAN has a lower expense ratio. PJAN 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 | PJAN | PYPY |
|---|---|---|
| Expense Ratio | 0.79%Best | 1.31% |
| AUM | $1.4B | $12M |
| Dividend Yield | 0.00% | 65.20% |
| Holdings | 18 | 25 |
| YTD Return | +8.73%Best | -6.08% |
| 1Y Return | +11.72%Best | -18.20% |
| 3Y Return (annualized) | +13.11%Best | +0.70% |
| 5Y Return (annualized) | +9.18% | - |
| Volatility (annualized) | 6.3%Best | 30.8% |
| Max Drawdown | -10.5%Best | -53.6% |
| $10,000 over 3.1 years | $14,820Best | $9,991 |
| Fund Family | Innovator ETFs Trust | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 31, 2018 | Sep 25, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 26, 2023 to Oct 15, 2026 (3.1 years).
PJAN vs PYPY 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 3.1 years both funds cover.
PJAN vs PYPY Performance
Innovator US Equity Power Buffer ETF - January (PJAN) is an ETF from Innovator ETFs Trust and YieldMax PYPL Option Income Strategy ETF (PYPY) is an ETF from YieldMax ETF. Over the past year PJAN returned +11.72% while PYPY returned -18.20%. Year to date, PJAN is up 8.73% versus a loss of 6.08% for PYPY.
Over three years, PJAN compounded at +13.11% per year against +0.70% for PYPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PYPY has been the more volatile fund, with annualized monthly volatility of 30.8% compared with 6.3% for PJAN. 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 -10.5% for PJAN and -53.6% for PYPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PJAN charges 0.79% per year while PYPY charges 1.31%. On a $10,000 position that is $79 vs $131 annually, a gap of $52 per year that compounds over a long holding period. On income, PJAN currently yields 0.00% against 65.20% for PYPY.
You are not choosing between two funds in isolation.
Whichever of PJAN and PYPY 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, PJAN or PYPY?
PJAN has an expense ratio of 0.79% while PYPY charges 1.31%. PJAN is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, PJAN or PYPY?
Over the past year PJAN returned +11.72% vs -18.20% for PYPY, so PJAN leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJAN or PYPY?
PYPY has been the more volatile fund at 30.8% annualized versus 6.3% for PJAN. Worst drawdown: PJAN -10.5% vs PYPY -53.6%.
Should I hold both PJAN and PYPY?
PJAN and PYPY have a monthly-return correlation of 0.33, 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, PJAN or PYPY?
PJAN yields 0.00% while PYPY yields 65.20%, so PYPY currently pays the higher dividend yield.
Is PYPY better than PJAN?
PJAN has a lower expense ratio. PJAN 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.