UJAN vs SMB

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

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

UJAN vs SMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

UJAN

$314M

SMB

$314M

Expense Ratio

UJAN

0.79%

Winner

SMB

0.07%

Max Drawdown

UJAN

13.69%

Winner

SMB

12.64%

Sharpe Ratio

Winner

UJAN

1.44

SMB

-0.67

5Y Beta

UJAN

0.39

Winner

SMB

0.00

5Y Dividends CAGR

UJAN

N/A

SMB

14.83%

UJAN vs SMB - Historical Returns

Returns include dividend reinvestment.

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

Winner

UJAN

+0.73%

SMB

-0.25%

Winner

UJAN

+3.36%

SMB

+0.44%

Winner

UJAN

+5.02%

SMB

+0.53%

Winner

UJAN

+11.67%

SMB

+2.73%

5Y(CAGR)

Winner

UJAN

+8.02%

SMB

+1.11%

10Y(CAGR)

UJAN

N/A

SMB

+1.46%

Max(CAGR)

Winner

UJAN

+8.15%

SMB

+2.02%

UJAN vs SMB - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

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

UJAN vs SMB Drawdown Comparison

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

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

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

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