PJAN vs USEP
Innovator US Equity Power Buffer ETF - January vs Innovator U.S. Equity Ultra Buffer ETF - September
Which is better, PJAN or USEP?
PJAN has been ahead.
PJAN led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94.
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 | USEP |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $1.4B | $239M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 18 | 23 |
| YTD Return | +8.58%Best | +7.42% |
| 1Y Return | +11.69%Best | +9.56% |
| 3Y Return (annualized) | +13.07%Best | +12.59% |
| 5Y Return (annualized) | +9.18%Best | +8.51% |
| Volatility (annualized) | 8.6% | 7.0%Best |
| Max Drawdown | -21.3% | -13.4%Best |
| $10,000 over 5 years | $15,514Best | $15,043 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 31, 2018 | Aug 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 3, 2019 to Oct 14, 2026 (7.1 years).
PJAN vs USEP 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 7.1 years both funds cover.
PJAN vs USEP Performance
Innovator US Equity Power Buffer ETF - January (PJAN) is an ETF from Innovator ETFs Trust and Innovator U.S. Equity Ultra Buffer ETF - September (USEP) is an ETF from Innovator ETFs Trust. Over the past year PJAN returned +11.69% while USEP returned +9.56%. Year to date, PJAN is up 8.58% versus a gain of 7.42% for USEP.
Over three years, PJAN compounded at +13.07% per year against +12.59% for USEP; over five years the annualized figures are +9.18% and +8.51% respectively. Across the full 7-year window we track, PJAN has the edge at +9.08% annualized vs +7.99%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PJAN has been the more volatile fund, with annualized monthly volatility of 8.6% compared with 7.0% for USEP. 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 -21.3% for PJAN and -13.4% for USEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PJAN charges 0.79% per year while USEP charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PJAN currently yields 0.00% against 0.00% for USEP.
You are not choosing between two funds in isolation.
Whichever of PJAN and USEP 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 USEP?
PJAN has an expense ratio of 0.79% while USEP charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PJAN or USEP?
Over the past year PJAN returned +11.69% vs +9.56% for USEP, so PJAN leads on 1-year performance. Over the longest common window we track (7 years), PJAN annualized +9.08% vs +7.99% for USEP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PJAN or USEP?
PJAN has been the more volatile fund at 8.6% annualized versus 7.0% for USEP. Worst drawdown: PJAN -21.3% vs USEP -13.4%.
Should I hold both PJAN and USEP?
PJAN and USEP have a monthly-return correlation of 0.94, 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, PJAN or USEP?
PJAN yields 0.00% while USEP yields 0.00%, so USEP currently pays the higher dividend yield.
Is USEP better than PJAN?
PJAN led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.