FLJJ vs. JULW

Last updated Aug 5, 2026

FLJJ (Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF) and JULW (AllianzIM U.S. Large Cap Buffer20 Jul ETF) are both Options Trading funds from Allianz. Both are actively managed. Over the past year, FLJJ returned 12.42% vs 10.31% for JULW. Their correlation of 0.92 means they have usually moved in the same direction. Both charge a 0.74% expense ratio.

Performance

FLJJ vs. JULW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) and AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLJJ achieves a 7.29% return, which is significantly higher than JULW's 5.85% return.

FLJJ

• 1D: 0.70%
• 1M: 1.76%
• 6M: 6.69%
• YTD: 7.29%
• 1Y: 12.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.28%

JULW

• 1D: 0.62%
• 1M: 1.67%
• 6M: 5.34%
• YTD: 5.85%
• 1Y: 10.31%
• 3Y*: 11.48%
• 5Y*: 9.23%
• 10Y*: —
• ALL TIME*: 9.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	$53.61K	$36.93K	$42.15K
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	$940.31K	$1.89M	$1.44M

FLJJ vs. JULW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	7.29%	11.35%	14.40%
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	5.85%	11.57%	11.00%

Correlation

The correlation between FLJJ and JULW is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.92

The correlation between FLJJ and JULW has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

FLJJ vs. JULW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLJJ

FLJJ Risk / Return Rank: 90
FLJJ Sharpe Ratio Rank: 93
FLJJ Sortino Ratio Rank: 94
FLJJ Omega Ratio Rank: 94
FLJJ Calmar Ratio Rank: 80
FLJJ Martin Ratio Rank: 91

JULW

JULW Risk / Return Rank: 90
JULW Sharpe Ratio Rank: 89
JULW Sortino Ratio Rank: 92
JULW Omega Ratio Rank: 93
JULW Calmar Ratio Rank: 84
JULW Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLJJ vs. JULW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) and AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW). 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.

	FLJJ	JULW	Difference
Sharpe ratio: Return per unit of total volatility	2.65	2.38	+0.26
Sortino ratio: Return per unit of downside risk	3.94	3.65	+0.29
Omega ratio: Gain probability vs. loss probability	1.53	1.51	+0.02
Calmar ratio: Return relative to maximum drawdown	3.23	3.50	-0.26
Martin ratio: Return relative to average drawdown	16.78	19.31	-2.53

FLJJ vs. JULW - Sharpe Ratio Comparison

The current FLJJ Sharpe Ratio is 2.65, which is comparable to the JULW Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of FLJJ and JULW, 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

FLJJ vs. JULW - Drawdown Comparison

The maximum FLJJ drawdown since its inception was -6.91%, smaller than the maximum JULW drawdown of -9.49%. Use the drawdown chart below to compare losses from any high point for FLJJ and JULW.

Drawdown Indicators

	FLJJ	JULW	Difference
Max Drawdown Largest peak-to-trough decline	-6.91%	-9.49%	+2.58%
Max Drawdown (1Y) Largest decline over 1 year	-3.86%	-2.96%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.49%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.75%	-0.89%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.54%	+0.20%

Volatility

FLJJ vs. JULW - Volatility Comparison

Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) and AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) have volatilities of 1.73% and 1.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLJJ	JULW	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	1.79%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	4.00%	3.52%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	4.38%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.15%	6.91%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.15%	6.49%	-0.34%

FLJJ vs. JULW - Expense Ratio Comparison

Both FLJJ and JULW have an expense ratio of 0.74%.

Dividends

FLJJ vs. JULW - Dividend Comparison

Neither FLJJ nor JULW has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.04%

Frequently Asked Questions

Can I hold both FLJJ and JULW in my portfolio?

With a correlation of 0.90, FLJJ and JULW 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, FLJJ or JULW?

JULW has higher volatility (1.79%) compared to FLJJ (1.73%). In terms of maximum drawdown, FLJJ dropped -6.91% vs JULW's -9.49%.

Which ETF is better, FLJJ or JULW?

On 1-year performance, FLJJ leads with 12.42% vs 10.31% for JULW. Both ETFs have the same 0.74% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLJJ or JULW?

Over the 1-year period, FLJJ has performed better with a 12.42% return vs 10.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLJJ or JULW?

FLJJ and JULW have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, FLJJ or JULW?

FLJJ and JULW have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

FLJJ currently has the higher Sharpe Ratio (2.65 vs 2.38), 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.