JANB vs. FLAO
JANB (Aptus January Buffer ETF) and FLAO (AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. JANB charges 0.25%/yr vs 0.74%/yr for FLAO.
Performance
JANB vs. FLAO - Performance Comparison
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Returns By Period
In the year-to-date period, JANB achieves a 5.85% return, which is significantly higher than FLAO's -0.69% return.
JANB
- 1D
- -0.22%
- 1M
- 0.35%
- YTD
- 5.85%
- 6M
- 6.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLAO
- 1D
- -0.00%
- 1M
- 0.39%
- YTD
- -0.69%
- 6M
- -0.80%
- 1Y
- 4.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANB vs. FLAO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JANB Aptus January Buffer ETF | 5.85% | 2.76% |
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF | -0.69% | 1.82% |
Correlation
The correlation between JANB and FLAO 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 |
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Return for Risk
JANB vs. FLAO — Risk / Return Rank
JANB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLAO
JANB vs. FLAO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aptus January Buffer ETF (JANB) and AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO). 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.
| JANB | FLAO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.56 | — |
| Martin ratioReturn relative to average drawdown | — | 2.28 | — |
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Drawdowns
JANB vs. FLAO - Drawdown Comparison
The maximum JANB drawdown since its inception was -6.52%, smaller than the maximum FLAO drawdown of -10.12%. Use the drawdown chart below to compare losses from any high point for JANB and FLAO.
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Drawdown Indicators
| JANB | FLAO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.52% | -10.12% | +3.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.60% | — |
Current DrawdownCurrent decline from peak | -0.48% | -1.91% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -1.91% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.86% | — |
Volatility
JANB vs. FLAO - Volatility Comparison
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Volatility by Period
| JANB | FLAO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 5.69% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.50% | 7.43% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.50% | 7.43% | +0.07% |
JANB vs. FLAO - Expense Ratio Comparison
JANB has a 0.25% expense ratio, which is lower than FLAO's 0.74% expense ratio.
Dividends
JANB vs. FLAO - Dividend Comparison
Neither JANB nor FLAO has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, JANB and FLAO 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.
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.
JANB is cheaper with a 0.25% expense ratio, compared with 0.74% for FLAO.
JANB and FLAO have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Aptus Capital Advisors and Allianz. Their fees differ too: 0.25% for JANB and 0.74% for FLAO.
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