UJAN vs PMO

Comparison between Innovator U.S. Equity Ultra Buffer ETF - January (UJAN, ETF) and Putnam Municipal Opportunities Trust (PMO, ETF).

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

UJAN vs PMO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UJAN(ETF)	PMO(ETF)
Net Assets	$314M	$315M
Expense Ratio	0.79%	N/A
Max Drawdown	13.69%	44.44%
Sharpe Ratio	1.44	0.99
5Y Beta	0.39	0.18
5Y Dividends CAGR	N/A	-6.84%

Net Assets

UJAN

$314M

Winner

PMO

$315M

Expense Ratio

UJAN

0.79%

PMO

N/A

Max Drawdown

Winner

UJAN

13.69%

PMO

44.44%

Sharpe Ratio

Winner

UJAN

1.44

PMO

0.99

5Y Beta

UJAN

0.39

Winner

PMO

0.18

5Y Dividends CAGR

UJAN

N/A

PMO

-6.84%

UJAN vs PMO - Historical Returns

Returns include dividend reinvestment.

Period	UJAN	PMO
1 month	+0.73%	-0.55%
3 months	+3.36%	+2.02%
6 months	+5.02%	+2.79%
1 year	+11.67%	+13.25%
5 years(CAGR)	+8.02%	-1.12%
10 years(CAGR)	N/A	+2.51%
Max(CAGR)	+8.15%	+5.19%

Winner

UJAN

+0.73%

PMO

-0.55%

Winner

UJAN

+3.36%

PMO

+2.02%

Winner

UJAN

+5.02%

PMO

+2.79%

UJAN

+11.67%

Winner

PMO

+13.25%

5Y(CAGR)

Winner

UJAN

+8.02%

PMO

-1.12%

10Y(CAGR)

UJAN

N/A

PMO

+2.51%

Max(CAGR)

Winner

UJAN

+8.15%

PMO

+5.19%

UJAN vs PMO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	UJAN	PMO
2026	+5.22%	+1.73%
2025	+11.15%	+9.91%
2024	+13.57%	+2.45%
2023	+16.04%	-3.28%
2022	-6.13%	-19.78%
2021	+6.36%	+9.37%
2020	+6.72%	+9.03%
2019	+10.23%	+21.21%
2018	N/A	-4.43%
2017	N/A	+8.53%
2016	N/A	+2.30%
2015	N/A	+8.40%
2014	N/A	+18.82%
2013	N/A	-14.31%
2012	N/A	+12.61%
2011	N/A	+22.64%
2010	N/A	+4.65%
2009	N/A	+34.84%
2008	N/A	-17.87%
2007	N/A	-1.05%
2006	N/A	+10.34%
2005	N/A	-0.56%
2004	N/A	+0.91%
2003	N/A	+15.65%
2002	N/A	+1.00%
2001	N/A	+3.07%
2000	N/A	+18.39%
1999	N/A	-11.15%

UJAN vs PMO Drawdown Comparison

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

The maximum drawdown for PMO was -36.47%, occurring on Oct 23, 2023. This drawdown has not yet recovered.

The current UJAN drawdown is -0.06%. The current PMO drawdown is -12.15%.

Rank	UJAN	PMO
#1	-13.69% Feb 19, 2020 - Aug 5, 2020	-36.47% Dec 23, 2021 - Oct 23, 2023
#2	-9.03% Feb 19, 2025 - Jun 24, 2025	-30.16% Apr 3, 2007 - Sep 3, 2009
#3	-8.85% Jan 3, 2022 - May 18, 2023	-26.06% Feb 25, 2020 - Jul 17, 2020
#4	-4.84% Sep 14, 2023 - Nov 8, 2023	-22.27% Nov 30, 2012 - Jan 15, 2015
#5	-3.98% Feb 2, 2026 - Apr 14, 2026	-15.92% Oct 18, 2010 - Aug 17, 2011
#6	-3.25% Jul 16, 2024 - Aug 16, 2024	-14.04% Aug 22, 2016 - Feb 14, 2019
#7	-2.94% Oct 12, 2020 - Nov 6, 2020	-13.12% Apr 1, 2004 - Oct 27, 2006
#8	-2.51% Sep 2, 2020 - Oct 9, 2020	-12.90% Nov 5, 1999 - Jul 11, 2000
#9	-2.50% Mar 28, 2024 - May 9, 2024	-10.47% Oct 7, 2002 - May 6, 2003
#10	-2.01% Apr 30, 2019 - Jun 17, 2019	-10.09% Sep 18, 2001 - Sep 4, 2002
#11	-1.82% Jul 26, 2019 - Sep 11, 2019	-8.71% Aug 18, 2021 - Dec 20, 2021
#12	-1.43% Aug 30, 2024 - Sep 16, 2024	-7.75% Jul 7, 2003 - Dec 18, 2003
#13	-1.41% Jun 4, 2026 - Jul 6, 2026	-7.05% Aug 5, 2020 - Dec 15, 2020
#14	-1.38% Jul 31, 2023 - Aug 30, 2023	-6.52% Feb 2, 2015 - Oct 21, 2015
#15	-1.34% Nov 11, 2025 - Nov 25, 2025	-5.79% Jul 8, 2016 - Aug 17, 2016