AUGU vs. JANP

Last updated Jun 4, 2026

AUGU (AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF) and JANP (PGIM US Large-Cap Buffer 12 ETF - January) are both Options Trading funds. Both are actively managed. Over the past year, AUGU returned 21.60% vs 17.69% for JANP. Their correlation of 0.93 suggests significant overlap in exposure. AUGU charges 0.74%/yr vs 0.50%/yr for JANP.

Performance

AUGU vs. JANP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) and PGIM US Large-Cap Buffer 12 ETF - January (JANP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUGU achieves a 8.60% return, which is significantly higher than JANP's 6.08% return.

AUGU

• 1D: -0.65%
• 1M: 4.64%
• YTD: 8.60%
• 6M: 8.31%
• 1Y: 21.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANP

• 1D: -0.20%
• 1M: 2.35%
• YTD: 6.08%
• 6M: 7.23%
• 1Y: 17.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUGU vs. JANP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUGU AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF	8.60%	12.54%	5.68%
JANP PGIM US Large-Cap Buffer 12 ETF - January	6.08%	13.33%	5.56%

Correlation

The correlation between AUGU and JANP is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024	0.93

The correlation between AUGU and JANP has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

AUGU vs. JANP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUGU

AUGU Risk / Return Rank: 71
AUGU Sharpe Ratio Rank: 72
AUGU Sortino Ratio Rank: 74
AUGU Omega Ratio Rank: 70
AUGU Calmar Ratio Rank: 66
AUGU Martin Ratio Rank: 71

JANP

JANP Risk / Return Rank: 81
JANP Sharpe Ratio Rank: 81
JANP Sortino Ratio Rank: 85
JANP Omega Ratio Rank: 88
JANP Calmar Ratio Rank: 68
JANP Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUGU vs. JANP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) and PGIM US Large-Cap Buffer 12 ETF - January (JANP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AUGU	JANP	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.63	-0.31
Sortino ratio: Return per unit of downside risk	3.29	3.78	-0.49
Omega ratio: Gain probability vs. loss probability	1.41	1.55	-0.13
Calmar ratio: Return relative to maximum drawdown	3.23	3.34	-0.11
Martin ratio: Return relative to average drawdown	13.29	17.41	-4.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUGU vs. JANP - Sharpe Ratio Comparison

The current AUGU Sharpe Ratio is 2.32, which is comparable to the JANP Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of AUGU and JANP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUGU	JANP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.63	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	1.63	-0.26

Drawdowns

AUGU vs. JANP - Drawdown Comparison

The maximum AUGU drawdown since its inception was -12.17%, roughly equal to the maximum JANP drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for AUGU and JANP.

Drawdown Indicators

	AUGU	JANP	Difference
Max Drawdown Largest peak-to-trough decline	-12.17%	-12.18%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.72%	-5.32%	-1.40%
Current Drawdown Current decline from peak	-0.65%	-0.20%	-0.45%
Average Drawdown Average peak-to-trough decline	-1.80%	-0.90%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.02%	+0.61%

Volatility

AUGU vs. JANP - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped Aug ETF (AUGU) has a higher volatility of 2.79% compared to PGIM US Large-Cap Buffer 12 ETF - January (JANP) at 1.39%. This indicates that AUGU's price experiences larger fluctuations and is considered to be riskier than JANP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUGU	JANP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	1.39%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	7.02%	5.52%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	6.77%	+2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	9.07%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.06%	9.07%	+1.99%

AUGU vs. JANP - Expense Ratio Comparison

AUGU has a 0.74% expense ratio, which is higher than JANP's 0.50% expense ratio.

Dividends

AUGU vs. JANP - Dividend Comparison

Neither AUGU nor JANP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AUGU and JANP in my portfolio?

With a correlation of 0.95, AUGU and JANP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AUGU or JANP?

AUGU has higher volatility (2.79%) compared to JANP (1.39%). In terms of maximum drawdown, AUGU dropped -12.17% vs JANP's -12.18%.

Which ETF is better, AUGU or JANP?

On 1-year performance, AUGU leads with 21.60% vs 17.69% for JANP. On fees, JANP is cheaper at 0.50% per year. On volatility, JANP has been the lower-risk option at 1.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGU or JANP?

Over the 1-year period, AUGU has performed better with a 21.60% return vs 17.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGU or JANP?

JANP is cheaper with a 0.50% expense ratio, compared with 0.74% for AUGU.

Which ETF pays a higher dividend yield, AUGU or JANP?

AUGU and JANP have nearly identical dividend yields, around 0.00%.

What is the main difference between AUGU and JANP?

They also come from different issuers: Allianz and PGIM. Their fees differ too: 0.74% for AUGU and 0.50% for JANP.

Which has better risk-adjusted returns?

JANP currently has the higher Sharpe Ratio (2.63 vs 2.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.