BBDC vs. JANW
BBDC (Barings BDC, Inc.) is a stock, while JANW (AllianzIM U.S. Large Cap Buffer20 Jan ETF) is Options Trading fund actively managed by Allianz. Over the past 5 years, BBDC returned 6.45%/yr vs 8.08%/yr for JANW. At a 0.39 correlation, their price movements are largely independent.
Performance
BBDC vs. JANW - Performance Comparison
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Returns By Period
In the year-to-date period, BBDC achieves a -2.86% return, which is significantly lower than JANW's 4.00% return.
BBDC
- 1D
- 0.00%
- 1M
- 0.43%
- YTD
- -2.86%
- 6M
- -1.25%
- 1Y
- 4.66%
- 3Y*
- 14.63%
- 5Y*
- 6.45%
- 10Y*
- —
JANW
- 1D
- 0.18%
- 1M
- 0.23%
- YTD
- 4.00%
- 6M
- 4.45%
- 1Y
- 12.31%
- 3Y*
- 10.44%
- 5Y*
- 8.08%
- 10Y*
- —
BBDC vs. JANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BBDC Barings BDC, Inc. | -2.86% | 8.84% | 23.86% | 18.53% | -18.59% | 29.31% |
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF | 4.00% | 10.05% | 10.99% | 14.56% | -0.60% | 6.31% |
Correlation
The correlation between BBDC and JANW is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.39 |
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Return for Risk
BBDC vs. JANW — Risk / Return Rank
BBDC
JANW
BBDC vs. JANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings BDC, Inc. (BBDC) and AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW). 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.
| BBDC | JANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.54 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 3.23 | -2.90 |
| Martin ratioReturn relative to average drawdown | 0.73 | 17.55 | -16.82 |
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Drawdowns
BBDC vs. JANW - Drawdown Comparison
The maximum BBDC drawdown since its inception was -48.45%, which is greater than JANW's maximum drawdown of -9.69%. Use the drawdown chart below to compare losses from any high point for BBDC and JANW.
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Drawdown Indicators
| BBDC | JANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -9.69% | -38.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -3.65% | -8.63% |
Max Drawdown (3Y)Largest decline over 3 years | -24.51% | -8.66% | -15.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.55% | -9.69% | -17.86% |
Current DrawdownCurrent decline from peak | -6.42% | -0.54% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -1.23% | -6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 0.67% | +4.92% |
Volatility
BBDC vs. JANW - Volatility Comparison
Barings BDC, Inc. (BBDC) has a higher volatility of 6.34% compared to AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) at 1.31%. This indicates that BBDC's price experiences larger fluctuations and is considered to be riskier than JANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBDC | JANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 1.31% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.12% | 3.83% | +11.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 4.71% | +13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.39% | 6.79% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.21% | 6.67% | +17.54% |
Dividends
BBDC vs. JANW - Dividend Comparison
BBDC's dividend yield for the trailing twelve months is around 12.99%, while JANW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBDC Barings BDC, Inc. | 12.99% | 12.96% | 10.87% | 11.89% | 11.66% | 7.44% | 7.07% | 5.25% | 21.24% |
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBDC and JANW have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBDC has higher volatility (6.34%) compared to JANW (1.31%). In terms of maximum drawdown, BBDC dropped -48.45% vs JANW's -9.69%.
JANW currently has the higher Sharpe Ratio (2.50 vs 0.22), 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.
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