SMB vs UJAN

Comparison between VANECK SHORT MUNI ETF (SMB, ETF) and Innovator U.S. Equity Ultra Buffer ETF - January (UJAN, ETF).

5-Year PerformanceUJAN has outperformed SMB, delivering a return of +8.0% compared to +1.1%

SMB vs UJAN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMB(ETF)	UJAN(ETF)
Net Assets	$314M	$314M
Expense Ratio	0.07%	0.79%
Max Drawdown	12.64%	13.69%
Sharpe Ratio	-0.67	1.44
5Y Beta	0.00	0.39
5Y Dividends CAGR	14.83%	N/A

Net Assets

SMB

$314M

Winner

UJAN

$314M

Expense Ratio

Winner

SMB

0.07%

UJAN

0.79%

Max Drawdown

Winner

SMB

12.64%

UJAN

13.69%

Sharpe Ratio

SMB

-0.67

Winner

UJAN

1.44

5Y Beta

Winner

SMB

0.00

UJAN

0.39

5Y Dividends CAGR

SMB

14.83%

UJAN

N/A

SMB vs UJAN - Historical Returns

Returns include dividend reinvestment.

Period	SMB	UJAN
1 month	-0.25%	+0.73%
3 months	+0.44%	+3.36%
6 months	+0.53%	+5.02%
1 year	+2.73%	+11.67%
5 years(CAGR)	+1.11%	+8.02%
10 years(CAGR)	+1.46%	N/A
Max(CAGR)	+2.02%	+8.15%

SMB

-0.25%

Winner

UJAN

+0.73%

SMB

+0.44%

Winner

UJAN

+3.36%

SMB

+0.53%

Winner

UJAN

+5.02%

SMB

+2.73%

Winner

UJAN

+11.67%

5Y(CAGR)

SMB

+1.11%

Winner

UJAN

+8.02%

10Y(CAGR)

SMB

+1.46%

UJAN

N/A

Max(CAGR)

SMB

+2.02%

Winner

UJAN

+8.15%

SMB vs UJAN - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	SMB	UJAN
2026	+0.48%	+5.22%
2025	+4.55%	+11.15%
2024	+2.47%	+13.57%
2023	+3.14%	+16.04%
2022	-4.35%	-6.13%
2021	+0.06%	+6.36%
2020	+3.36%	+6.72%
2019	+4.48%	+10.23%
2018	+1.75%	N/A
2017	+0.69%	N/A
2016	-0.39%	N/A
2015	+1.20%	N/A
2014	+1.09%	N/A
2013	+0.53%	N/A
2012	+1.47%	N/A
2011	+5.37%	N/A
2010	+1.32%	N/A
2009	+7.86%	N/A
2008	+2.14%	N/A

SMB vs UJAN Drawdown Comparison

The maximum drawdown for SMB was -12.64%, occurring on Mar 19, 2020. Recovery took 65 trading sessions.

The maximum drawdown for UJAN was -13.69%, occurring on Mar 20, 2020. Recovery took 117 trading sessions.

The current SMB drawdown is -0.35%. The current UJAN drawdown is -0.06%.

Rank	SMB	UJAN
#1	-12.64% Mar 9, 2020 - Jun 10, 2020	-13.69% Feb 19, 2020 - Aug 5, 2020
#2	-7.48% Jul 20, 2021 - Aug 20, 2024	-9.03% Feb 19, 2025 - Jun 24, 2025
#3	-5.58% Sep 11, 2008 - Jan 6, 2009	-8.85% Jan 3, 2022 - May 18, 2023
#4	-4.11% Aug 26, 2010 - May 17, 2011	-4.84% Sep 14, 2023 - Nov 8, 2023
#5	-4.10% Aug 2, 2016 - Aug 4, 2017	-3.98% Feb 2, 2026 - Apr 14, 2026
#6	-4.07% May 1, 2013 - Feb 14, 2014	-3.25% Jul 16, 2024 - Aug 16, 2024
#7	-3.84% Jan 29, 2009 - May 22, 2009	-2.94% Oct 12, 2020 - Nov 6, 2020
#8	-2.46% Aug 30, 2017 - Dec 24, 2018	-2.51% Sep 2, 2020 - Oct 9, 2020
#9	-2.37% Apr 10, 2008 - Aug 12, 2008	-2.50% Mar 28, 2024 - May 9, 2024
#10	-1.96% Oct 2, 2009 - Nov 27, 2009	-2.01% Apr 30, 2019 - Jun 17, 2019
#11	-1.80% Feb 28, 2025 - May 23, 2025	-1.82% Jul 26, 2019 - Sep 11, 2019
#12	-1.79% Feb 5, 2015 - Oct 16, 2015	-1.43% Aug 30, 2024 - Sep 16, 2024
#13	-1.62% May 22, 2009 - Jul 13, 2009	-1.41% Jun 4, 2026 - Jul 6, 2026
#14	-1.53% Jan 8, 2009 - Jan 12, 2009	-1.38% Jul 31, 2023 - Aug 30, 2023
#15	-1.49% Mar 12, 2010 - May 26, 2010	-1.34% Nov 11, 2025 - Nov 25, 2025