FLAO vs. JANB

Last updated Jun 24, 2026

FLAO (AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. FLAO charges 0.74%/yr vs 0.25%/yr for JANB.

Performance

FLAO vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLAO achieves a -0.91% return, which is significantly lower than JANB's 5.32% return.

FLAO

• 1D: -0.21%
• 1M: 0.18%
• YTD: -0.91%
• 6M: -1.19%
• 1Y: 3.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -0.50%
• 1M: -0.15%
• YTD: 5.32%
• 6M: 5.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLAO vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF	-0.91%	1.82%
JANB Aptus January Buffer ETF	5.32%	2.76%

Correlation

The correlation between FLAO and JANB is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.92

Return for Risk

FLAO vs. JANB — Risk / Return Rank

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

FLAO

FLAO Risk / Return Rank: 18
FLAO Sharpe Ratio Rank: 20
FLAO Sortino Ratio Rank: 17
FLAO Omega Ratio Rank: 22
FLAO Calmar Ratio Rank: 14
FLAO Martin Ratio Rank: 18

JANB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FLAO vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) and Aptus January Buffer ETF (JANB). 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.

	FLAO	JANB	Difference
Sharpe ratio: Return per unit of total volatility	0.64	—	—
Sortino ratio: Return per unit of downside risk	0.89	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.48	—	—
Martin ratio: Return relative to average drawdown	1.95	—	—

Drawdowns

FLAO vs. JANB - Drawdown Comparison

The maximum FLAO drawdown since its inception was -10.12%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for FLAO and JANB.

Drawdown Indicators

	FLAO	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-10.12%	-6.52%	-3.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	—	—
Current Drawdown Current decline from peak	-2.12%	-0.97%	-1.15%
Average Drawdown Average peak-to-trough decline	-1.91%	-1.10%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	—	—

Volatility

Volatility by Period

	FLAO	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.68%	7.51%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.42%	7.51%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.42%	7.51%	-0.09%

FLAO vs. JANB - Expense Ratio Comparison

FLAO has a 0.74% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

FLAO vs. JANB - Dividend Comparison

Neither FLAO nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FLAO and JANB in my portfolio?

With a correlation of 0.92, FLAO and JANB 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 ETF is better, FLAO or JANB?

On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLAO or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.74% for FLAO.

Which ETF pays a higher dividend yield, FLAO or JANB?

FLAO and JANB have nearly identical dividend yields, around 0.00%.

What is the main difference between FLAO and JANB?

They also come from different issuers: Allianz and Aptus Capital Advisors. Their fees differ too: 0.74% for FLAO and 0.25% for JANB.