EJAN vs SPY
Innovator Emerging Markets Power Buffer ETF - January vs State Street SPDR S&P 500 ETF Trust
Which is better, EJAN or SPY?
Option Writing against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
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 | EJAN | SPY |
|---|---|---|
| Expense Ratio | 0.89% | 0.09%Best |
| AUM | $150M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 12 | 505 |
| YTD Return | +8.55% | +12.09%Best |
| 1Y Return | +11.84% | +16.29%Best |
| 3Y Return (annualized) | +10.05% | +21.20%Best |
| 5Y Return (annualized) | +4.46% | +13.37%Best |
| Volatility (annualized) | 11.1%Best | 17.0% |
| Max Drawdown | -22.2%Best | -34.1% |
| $10,000 over 5 years | $12,438 | $18,728Best |
| Fund Family | Innovator ETFs Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Option Writing | Large Cap Blend |
| Inception | Jan 1, 2020 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 2, 2020 to Sep 18, 2026 (6.7 years).
EJAN vs SPY 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 6.7 years both funds cover.
EJAN vs SPY Performance
Innovator Emerging Markets Power Buffer ETF - January (EJAN) is an ETF from Innovator ETFs Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EJAN returned +11.84% while SPY returned +16.29%. Year to date, EJAN is up 8.55% versus a gain of 12.09% for SPY.
Over three years, EJAN compounded at +10.05% per year against +21.20% for SPY; over five years the annualized figures are +4.46% and +13.37% respectively. Across the full 7-year window we track, SPY has the edge at +14.80% annualized vs +4.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 17.0% compared with 11.1% for EJAN. 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 -22.2% for EJAN and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EJAN charges 0.89% per year while SPY charges 0.09%. On a $10,000 position that is $89 vs $9 annually, a gap of $80 per year that compounds over a long holding period. On income, EJAN currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of EJAN and SPY 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, EJAN or SPY?
EJAN has an expense ratio of 0.89% while SPY charges 0.09%. SPY is the cheaper option, by $80 a year on a $10,000 investment.
Which performed better, EJAN or SPY?
Over the past year EJAN returned +11.84% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), EJAN annualized +4.74% vs +14.80% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EJAN or SPY?
SPY has been the more volatile fund at 17.0% annualized versus 11.1% for EJAN. Worst drawdown: EJAN -22.2% vs SPY -34.1%.
Should I hold both EJAN and SPY?
EJAN and SPY have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EJAN or SPY?
EJAN yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than EJAN?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.