JANB vs. JANU
JANB (Aptus January Buffer ETF) and JANU (AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. JANB charges 0.25%/yr vs 0.74%/yr for JANU.
Performance
JANB vs. JANU - Performance Comparison
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Returns By Period
In the year-to-date period, JANB achieves a 5.32% return, which is significantly lower than JANU's 5.79% return.
JANB
- 1D
- -0.50%
- 1M
- -0.15%
- YTD
- 5.32%
- 6M
- 5.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANU
- 1D
- -0.91%
- 1M
- -1.09%
- YTD
- 5.79%
- 6M
- 4.88%
- 1Y
- 17.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANB vs. JANU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JANB Aptus January Buffer ETF | 5.32% | 2.76% |
JANU AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF | 5.79% | 2.32% |
Correlation
The correlation between JANB and JANU is 0.93, 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 | 0.93 |
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Return for Risk
JANB vs. JANU — Risk / Return Rank
JANB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JANU
JANB vs. JANU - 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 Buffer15 Uncapped Jan ETF (JANU). 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 | JANU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.86 | — |
| Martin ratioReturn relative to average drawdown | — | 10.69 | — |
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Drawdowns
JANB vs. JANU - Drawdown Comparison
The maximum JANB drawdown since its inception was -6.52%, smaller than the maximum JANU drawdown of -11.84%. Use the drawdown chart below to compare losses from any high point for JANB and JANU.
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Drawdown Indicators
| JANB | JANU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.52% | -11.84% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.98% | — |
Current DrawdownCurrent decline from peak | -0.97% | -2.59% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -1.87% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.60% | — |
Volatility
JANB vs. JANU - Volatility Comparison
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Volatility by Period
| JANB | JANU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 10.10% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.51% | 11.61% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 11.61% | -4.10% |
JANB vs. JANU - Expense Ratio Comparison
JANB has a 0.25% expense ratio, which is lower than JANU's 0.74% expense ratio.
Dividends
JANB vs. JANU - Dividend Comparison
Neither JANB nor JANU has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, JANB and JANU 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 JANU.
JANB and JANU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Aptus Capital Advisors and AllianzIM. Their fees differ too: 0.25% for JANB and 0.74% for JANU.
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