PSEP vs XBJA
Innovator U.S. Equity Power Buffer ETF - September vs Innovator US Equity Accelerated 9 Buffer ETF - January
Which is better, PSEP or XBJA?
Each has led over a different period.
PSEP led over 3Y and the full window, XBJA over 1Y. The two have moved almost in lockstep, correlation 0.91.
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 | PSEP | XBJA |
|---|---|---|
| Expense Ratio | 0.79%Tie | 0.79%Tie |
| AUM | $1.2B | $94M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 12 | 21 |
| YTD Return | +7.66% | +8.88%Best |
| 1Y Return | +10.18% | +11.38%Best |
| 3Y Return (annualized) | +12.76%Best | +11.68% |
| 5Y Return (annualized) | +9.76% | - |
| Volatility (annualized) | 8.0%Best | 9.9% |
| Max Drawdown | -9.9%Best | -17.4% |
| $10,000 over 4.8 years | $15,480Best | $14,062 |
| Fund Family | Innovator ETFs Trust | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Aug 30, 2019 | Dec 31, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Jan 3, 2022 to Oct 14, 2026 (4.8 years).
PSEP vs XBJA 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 4.8 years both funds cover.
PSEP vs XBJA Performance
Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an ETF from Innovator ETFs Trust and Innovator US Equity Accelerated 9 Buffer ETF - January (XBJA) is an ETF from Innovator ETFs Trust. Over the past year PSEP returned +10.18% while XBJA returned +11.38%. Year to date, PSEP is up 7.66% versus a gain of 8.88% for XBJA.
Over three years, PSEP compounded at +12.76% per year against +11.68% for XBJA.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XBJA has been the more volatile fund, with annualized monthly volatility of 9.9% compared with 8.0% for PSEP. 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 -9.9% for PSEP and -17.4% for XBJA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PSEP charges 0.79% per year while XBJA charges 0.79%. On a $10,000 position that is $79 vs $79 annually. On income, PSEP currently yields 0.00% against 0.00% for XBJA.
You are not choosing between two funds in isolation.
Whichever of PSEP and XBJA 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, PSEP or XBJA?
PSEP has an expense ratio of 0.79% while XBJA charges 0.79%. At the precision these are quoted to, they cost the same.
Which performed better, PSEP or XBJA?
Over the past year PSEP returned +10.18% vs +11.38% for XBJA, so XBJA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSEP or XBJA?
XBJA has been the more volatile fund at 9.9% annualized versus 8.0% for PSEP. Worst drawdown: PSEP -9.9% vs XBJA -17.4%.
Should I hold both PSEP and XBJA?
PSEP and XBJA have a monthly-return correlation of 0.91, 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, PSEP or XBJA?
PSEP yields 0.00% while XBJA yields 0.00%, so XBJA currently pays the higher dividend yield.
Is XBJA better than PSEP?
PSEP led over 3Y and the full window, XBJA over 1Y. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.