In this paper, we present the optimized performances of indium gallium arsenide (InGaAs)-based compound junctionless field-effect transistors (JLFETs) using an indium phosphide (InP) buffer layer. The proposed InGaAs-InP material combination with little lattice mismatch provides a significant improvement in current drivability securing various potential applications. Device optimization is performed in terms of primary dc parameters and characterization is investigated by two-dimensional (2D) technology computer-aided design simulations. The optimization variables were the channel doping concentration (N ch ), the buffer doping concentration (N bf ), and the channel thickness (T ch ). For the optimally designed InGaAs JLFET, on-state current (I on ) of 325 μA μm −1 , subthreshold swing (S) of 80 mV dec −1 , and current ratio (I on /I off ) of 10 9 were obtained. In the end, the results are compared with the data of silicon (Si)-based JL MOSFETs to confirm the improvements.