JANB vs. FLAO

Last updated Aug 1, 2026

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 0.91 means they have usually moved in the same direction. JANB charges 0.25%/yr vs 0.74%/yr for FLAO.

Performance

JANB vs. FLAO - Performance Comparison

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

Returns By Period

In the year-to-date period, JANB achieves a 6.95% return, which is significantly higher than FLAO's 0.06% return.

JANB

• 1D: 0.48%
• 1M: 0.80%
• 6M: 6.06%
• YTD: 6.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FLAO

• 1D: 0.21%
• 1M: 0.60%
• 6M: -0.80%
• YTD: 0.06%
• 1Y: 3.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.66%

*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)
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF	$18.66K	$10.04K	$5.64K
JANB Aptus January Buffer ETF	$172.70K	$156.00K	$568.29K

JANB vs. FLAO - Yearly Performance Comparison

	2026 (YTD)	2025
JANB Aptus January Buffer ETF	6.95%	2.76%
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF	0.06%	1.82%

Correlation

The correlation between JANB and FLAO is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.91

Return for Risk

JANB vs. FLAO — Risk / Return Rank

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

JANB

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

FLAO

FLAO Risk / Return Rank: 22
FLAO Sharpe Ratio Rank: 24
FLAO Sortino Ratio Rank: 21
FLAO Omega Ratio Rank: 26
FLAO Calmar Ratio Rank: 18
FLAO Martin Ratio Rank: 22

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.

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 ratio: Return per unit of total volatility	—	0.53	—
Sortino ratio: Return per unit of downside risk	—	0.75	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	0.40	—
Martin ratio: Return relative to average drawdown	—	1.56	—

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.

Drawdown Indicators

	JANB	FLAO	Difference
Max Drawdown Largest peak-to-trough decline	-6.52%	-10.12%	+3.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.60%	—
Current Drawdown Current decline from peak	-0.06%	-1.17%	+1.11%
Average Drawdown Average peak-to-trough decline	-1.02%	-1.89%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.94%	—

Volatility

Volatility by Period

	JANB	FLAO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.38%	5.67%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.38%	7.26%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.38%	7.26%	+0.12%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANB and FLAO in my portfolio?

With a correlation of 0.91, 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.

Which ETF is better, JANB or FLAO?

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, JANB or FLAO?

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

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

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

What is the main difference between JANB and FLAO?

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