JANI vs. BAPR

Last updated Jun 4, 2026

JANI (AllianzIM International Equity Buffer15 Uncapped Jan ETF) and BAPR (Innovator U.S. Equity Buffer ETF - April) are both Defined Outcome funds. JANI is actively managed, while BAPR is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

JANI vs. BAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM International Equity Buffer15 Uncapped Jan ETF (JANI) and Innovator U.S. Equity Buffer ETF - April (BAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JANI

• 1D: -0.52%
• 1M: 2.36%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BAPR

• 1D: -0.23%
• 1M: 2.21%
• YTD: 10.81%
• 6M: 11.74%
• 1Y: 20.12%
• 3Y*: 15.31%
• 5Y*: 11.17%
• 10Y*: —

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

JANI vs. BAPR - Yearly Performance Comparison

	2026 (YTD)
JANI AllianzIM International Equity Buffer15 Uncapped Jan ETF	1.62%
BAPR Innovator U.S. Equity Buffer ETF - April	9.85%

Correlation

The correlation between JANI and BAPR is 0.81, 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 Feb 3, 2026	0.81

JANI vs. BAPR - Sectors Allocation Comparison

Sectors	JANI	BAPR
Financial Services	24.7%	11.9%
Industrials	19.8%	8.1%
Healthcare	10.6%	8.4%
Technology	10.3%	36.2%
Consumer Cyclical	7.7%	10.1%
Consumer Defensive	6.7%	4.9%
Basic Materials	5.9%	1.8%
Communication Services	4.5%	10.9%
Energy	4.0%	3.5%
Utilities	4.0%	2.3%
Real Estate	1.9%	1.9%

Return for Risk

JANI vs. BAPR — Risk / Return Rank

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

BAPR

BAPR Risk / Return Rank: 96
BAPR Sharpe Ratio Rank: 94
BAPR Sortino Ratio Rank: 97
BAPR Omega Ratio Rank: 97
BAPR Calmar Ratio Rank: 97
BAPR Martin Ratio Rank: 98

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.

JANI vs. BAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM International Equity Buffer15 Uncapped Jan ETF (JANI) and Innovator U.S. Equity Buffer ETF - April (BAPR). 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.

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

Sharpe Ratios by Period

	JANI	BAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.84	-0.47

Drawdowns

JANI vs. BAPR - Drawdown Comparison

The maximum JANI drawdown since its inception was -7.50%, smaller than the maximum BAPR drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for JANI and BAPR.

Drawdown Indicators

	JANI	BAPR	Difference
Max Drawdown Largest peak-to-trough decline	-7.50%	-23.91%	+16.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.58%	—
Current Drawdown Current decline from peak	-1.23%	-0.23%	-1.00%
Average Drawdown Average peak-to-trough decline	-2.54%	-2.59%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	JANI	BAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.66%	5.64%	+8.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	11.49%	+2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	13.12%	+0.54%

JANI vs. BAPR - Expense Ratio Comparison

Both JANI and BAPR have an expense ratio of 0.79%.

Dividends

JANI vs. BAPR - Dividend Comparison

Neither JANI nor BAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANI and BAPR in my portfolio?

JANI and BAPR have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JANI or BAPR?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JANI or BAPR?

JANI and BAPR have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, JANI or BAPR?

JANI and BAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between JANI and BAPR?

They also come from different issuers: AllianzIM and Innovator.