UJAN vs DSM

Comparison between Innovator U.S. Equity Ultra Buffer ETF - January (UJAN, ETF) and BNY Mellon Strategic Municipal Bond Fund Inc (DSM, ETF).

5-Year PerformanceUJAN has outperformed DSM, delivering a return of +7.8% compared to -1.3%

UJAN vs DSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UJAN(ETF)	DSM(ETF)
Net Assets	$321M	$322M
Expense Ratio	0.79%	N/A
Max Drawdown	13.69%	53.69%
Sharpe Ratio	1.68	1.01
5Y Beta	0.39	0.19
5Y Dividends CAGR	N/A	-4.00%

Net Assets

UJAN

$321M

Winner

DSM

$322M

Expense Ratio

UJAN

0.79%

DSM

N/A

Max Drawdown

Winner

UJAN

13.69%

DSM

53.69%

Sharpe Ratio

Winner

UJAN

1.68

DSM

1.01

5Y Beta

UJAN

0.39

Winner

DSM

0.19

5Y Dividends CAGR

UJAN

N/A

DSM

-4.00%

UJAN vs DSM - Historical Returns

Returns include dividend reinvestment.

Period	UJAN	DSM
1 month	+0.47%	+0.10%
3 months	+5.07%	+2.69%
6 months	+4.84%	+4.65%
1 year	+13.22%	+14.60%
5 years(CAGR)	+7.81%	-1.26%
10 years(CAGR)	N/A	+1.27%
Max(CAGR)	+8.11%	+5.18%

Winner

UJAN

+0.47%

DSM

+0.10%

Winner

UJAN

+5.07%

DSM

+2.69%

Winner

UJAN

+4.84%

DSM

+4.65%

UJAN

+13.22%

Winner

DSM

+14.60%

5Y(CAGR)

Winner

UJAN

+7.81%

DSM

-1.26%

10Y(CAGR)

UJAN

N/A

DSM

+1.27%

Max(CAGR)

Winner

UJAN

+8.11%

DSM

+5.18%

UJAN vs DSM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	UJAN	DSM
2026	+4.05%	+1.26%
2025	+11.15%	+10.70%
2024	+13.57%	+4.98%
2023	+16.04%	+3.00%
2022	-6.13%	-27.37%
2021	+6.36%	+11.90%
2020	+6.72%	+3.37%
2019	+10.23%	+18.05%
2018	N/A	-13.10%
2017	N/A	+12.39%
2016	N/A	+4.71%
2015	N/A	+7.30%
2014	N/A	+15.36%
2013	N/A	-16.99%
2012	N/A	+14.93%
2011	N/A	+24.19%
2010	N/A	+5.63%
2009	N/A	+45.32%
2008	N/A	-24.63%
2007	N/A	-13.34%
2006	N/A	+23.72%
2005	N/A	+1.31%
2004	N/A	+4.76%
2003	N/A	+18.37%
2002	N/A	+2.05%
2001	N/A	+3.76%
2000	N/A	+23.02%
1999	N/A	-6.54%

UJAN vs DSM Drawdown Comparison

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

The maximum drawdown for DSM was -49.10%, occurring on Oct 10, 2008. Recovery took 691 trading sessions.

The current UJAN drawdown is -0.63%. The current DSM drawdown is -11.28%.

Rank	UJAN	DSM
#1	-13.69% Feb 19, 2020 - Aug 5, 2020	-49.10% May 4, 2007 - Feb 1, 2010
#2	-9.03% Feb 19, 2025 - Jun 24, 2025	-38.73% Aug 3, 2021 - Oct 25, 2023
#3	-8.85% Jan 3, 2022 - May 18, 2023	-31.97% Nov 6, 2019 - May 5, 2021
#4	-4.84% Sep 14, 2023 - Nov 8, 2023	-23.32% Jan 9, 2013 - Dec 21, 2015
#5	-3.98% Feb 2, 2026 - Apr 14, 2026	-17.18% Oct 1, 2010 - Aug 31, 2011
#6	-3.25% Jul 16, 2024 - Aug 16, 2024	-16.59% Aug 2, 2017 - May 9, 2019
#7	-2.94% Oct 12, 2020 - Nov 6, 2020	-16.42% Feb 18, 2004 - Nov 3, 2004
#8	-2.51% Sep 2, 2020 - Oct 9, 2020	-13.68% Jul 8, 2005 - Aug 16, 2006
#9	-2.50% Mar 28, 2024 - May 9, 2024	-12.71% Sep 30, 2002 - Mar 4, 2003
#10	-2.01% Apr 30, 2019 - Jun 17, 2019	-12.32% Nov 12, 1999 - Jan 28, 2000
#11	-1.82% Jul 26, 2019 - Sep 11, 2019	-12.03% Aug 13, 2001 - Jul 1, 2002
#12	-1.43% Aug 30, 2024 - Sep 16, 2024	-11.60% Sep 28, 2016 - Jul 12, 2017
#13	-1.41% Jun 4, 2026 - Jun 10, 2026	-11.55% Jun 16, 2003 - Jan 7, 2004
#14	-1.38% Jul 31, 2023 - Aug 30, 2023	-8.87% Jan 28, 2000 - Apr 4, 2000
#15	-1.34% Nov 11, 2025 - Nov 25, 2025	-7.89% Sep 30, 2011 - Dec 6, 2011