JANI vs. NVBU

Last updated Jun 4, 2026

JANI (AllianzIM International Equity Buffer15 Uncapped Jan ETF) and NVBU (AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF) are both Defined Outcome funds from AllianzIM. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. JANI charges 0.79%/yr vs 0.74%/yr for NVBU.

Performance

JANI vs. NVBU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM International Equity Buffer15 Uncapped Jan ETF (JANI) and AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU). 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*: —

NVBU

• 1D: -0.55%
• 1M: 4.02%
• YTD: 7.60%
• 6M: 6.96%
• 1Y: 20.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANI vs. NVBU - Yearly Performance Comparison

	2026 (YTD)
JANI AllianzIM International Equity Buffer15 Uncapped Jan ETF	1.62%
NVBU AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF	6.42%

Correlation

The correlation between JANI and NVBU is 0.82, 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	0.82

Return for Risk

JANI vs. NVBU — Risk / Return Rank

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

NVBU

NVBU Risk / Return Rank: 74
NVBU Sharpe Ratio Rank: 71
NVBU Sortino Ratio Rank: 72
NVBU Omega Ratio Rank: 71
NVBU Calmar Ratio Rank: 77
NVBU Martin Ratio Rank: 80

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. NVBU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM International Equity Buffer15 Uncapped Jan ETF (JANI) and AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU). 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	NVBU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	1.33	-0.97

Drawdowns

JANI vs. NVBU - Drawdown Comparison

The maximum JANI drawdown since its inception was -7.50%, smaller than the maximum NVBU drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for JANI and NVBU.

Drawdown Indicators

	JANI	NVBU	Difference
Max Drawdown Largest peak-to-trough decline	-7.50%	-11.97%	+4.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.38%	—
Current Drawdown Current decline from peak	-1.23%	-0.55%	-0.68%
Average Drawdown Average peak-to-trough decline	-2.54%	-1.78%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.34%	—

Volatility

Volatility by Period

	JANI	NVBU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.66%	9.08%	+4.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	11.05%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	11.05%	+2.61%

JANI vs. NVBU - Expense Ratio Comparison

JANI has a 0.79% expense ratio, which is higher than NVBU's 0.74% expense ratio.

Dividends

JANI vs. NVBU - Dividend Comparison

Neither JANI nor NVBU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANI and NVBU in my portfolio?

JANI and NVBU have a correlation of 0.82, 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 NVBU?

On fees, NVBU is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JANI or NVBU?

NVBU is cheaper with a 0.74% expense ratio, compared with 0.79% for JANI.

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

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

What is the main difference between JANI and NVBU?

Their fees differ too: 0.79% for JANI and 0.74% for NVBU.