JANB vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricJANBSPYWinner
Expense Ratio0.25%0.09%
AUM$89M$789.1B
Dividend Yield0.00%1.01%
Holdings5505
YTD Return+8.19%+13.39%
1Y Return-+22.52%
3Y Return (annualized)-+21.36%
5Y Return (annualized)-+13.19%
Volatility (annualized)-15.3%
Max Drawdown-6.5%-56.5%
Fund FamilyAptus ETFsState Street Investment Management
CategoryAlternativeEquity
InceptionOct 13, 2025Jan 22, 1993

JANB vs SPY Performance

Aptus January Buffer ETF (JANB) is a ETF from Aptus ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, JANB is up 8.19% versus a gain of 13.39% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -6.5% for JANB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

JANB charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, JANB currently yields 0.00% against 1.01% for SPY.

Frequently Asked Questions

Which is cheaper, JANB or SPY?

JANB has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.

Which pays a higher dividend, JANB or SPY?

JANB yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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