AUGW vs. JANP

Last updated Jun 24, 2026

AUGW (AllianzIM U.S. Large Cap Buffer20 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, AUGW returned 12.17% vs 16.14% for JANP. Their correlation of 0.88 suggests significant overlap in exposure. AUGW charges 0.74%/yr vs 0.50%/yr for JANP.

Performance

AUGW vs. JANP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Aug ETF (AUGW) 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, AUGW achieves a 4.21% return, which is significantly lower than JANP's 5.34% return.

AUGW

• 1D: -0.22%
• 1M: 0.34%
• YTD: 4.21%
• 6M: 4.12%
• 1Y: 12.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANP

• 1D: -0.60%
• 1M: 0.38%
• YTD: 5.34%
• 6M: 5.50%
• 1Y: 16.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUGW vs. JANP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUGW AllianzIM U.S. Large Cap Buffer20 Aug ETF	4.21%	11.19%	13.19%
JANP PGIM US Large-Cap Buffer 12 ETF - January	5.34%	13.33%	15.74%

Correlation

The correlation between AUGW and JANP is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 2024	0.88

The correlation between AUGW and JANP has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

AUGW vs. JANP — Risk / Return Rank

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

AUGW

AUGW Risk / Return Rank: 89
AUGW Sharpe Ratio Rank: 90
AUGW Sortino Ratio Rank: 93
AUGW Omega Ratio Rank: 93
AUGW Calmar Ratio Rank: 80
AUGW Martin Ratio Rank: 92

JANP

JANP Risk / Return Rank: 80
JANP Sharpe Ratio Rank: 81
JANP Sortino Ratio Rank: 83
JANP Omega Ratio Rank: 86
JANP Calmar Ratio Rank: 67
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.

AUGW vs. JANP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Aug ETF (AUGW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AUGW	JANP	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.34	+0.36
Sortino ratio: Return per unit of downside risk	4.07	3.34	+0.72
Omega ratio: Gain probability vs. loss probability	1.57	1.48	+0.09
Calmar ratio: Return relative to maximum drawdown	3.82	3.05	+0.77
Martin ratio: Return relative to average drawdown	20.74	15.67	+5.08

AUGW vs. JANP - Sharpe Ratio Comparison

The current AUGW Sharpe Ratio is 2.70, which is comparable to the JANP Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of AUGW 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.

Drawdowns

AUGW vs. JANP - Drawdown Comparison

The maximum AUGW drawdown since its inception was -8.76%, smaller than the maximum JANP drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for AUGW and JANP.

Drawdown Indicators

	AUGW	JANP	Difference
Max Drawdown Largest peak-to-trough decline	-8.76%	-12.18%	+3.42%
Max Drawdown (1Y) Largest decline over 1 year	-3.20%	-5.32%	+2.12%
Current Drawdown Current decline from peak	-0.24%	-0.90%	+0.66%
Average Drawdown Average peak-to-trough decline	-0.73%	-0.89%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	1.03%	-0.44%

Volatility

AUGW vs. JANP - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 Aug ETF (AUGW) is 0.83%, while PGIM US Large-Cap Buffer 12 ETF - January (JANP) has a volatility of 2.33%. This indicates that AUGW experiences smaller price fluctuations and is considered to be less risky than JANP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUGW	JANP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	2.33%	-1.50%
Volatility (6M) Calculated over the trailing 6-month period	3.40%	5.86%	-2.46%
Volatility (1Y) Calculated over the trailing 1-year period	4.56%	6.94%	-2.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.71%	9.07%	-2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	9.07%	-2.36%

AUGW vs. JANP - Expense Ratio Comparison

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

Dividends

AUGW vs. JANP - Dividend Comparison

Neither AUGW nor JANP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AUGW and JANP in my portfolio?

With a correlation of 0.91, AUGW 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, AUGW or JANP?

JANP has higher volatility (2.33%) compared to AUGW (0.83%). In terms of maximum drawdown, AUGW dropped -8.76% vs JANP's -12.18%.

Which ETF is better, AUGW or JANP?

On 1-year performance, JANP leads with 16.14% vs 12.17% for AUGW. On fees, JANP is cheaper at 0.50% per year. On volatility, AUGW has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUGW or JANP?

Over the 1-year period, JANP has performed better with a 16.14% return vs 12.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUGW or JANP?

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

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

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

What is the main difference between AUGW and JANP?

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

Which has better risk-adjusted returns?

AUGW currently has the higher Sharpe Ratio (2.70 vs 2.34), 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.