JANT vs. NVBT

Last updated Jun 23, 2026

JANT (AllianzIM U.S. Large Cap Buffer10 Jan ETF) and NVBT (Allianzim U.S. Large Cap Buffer10 Nov ETF) are both Options Trading funds from Allianz. Both are actively managed. Over the past 3 years, JANT returned 15.73%/yr vs 12.19%/yr for NVBT. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

JANT vs. NVBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) and Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANT achieves a 6.39% return, which is significantly lower than NVBT's 7.15% return.

JANT

• 1D: -0.19%
• 1M: 0.43%
• YTD: 6.39%
• 6M: 6.79%
• 1Y: 19.32%
• 3Y*: 15.73%
• 5Y*: 10.11%
• 10Y*: —

NVBT

• 1D: -0.22%
• 1M: 0.47%
• YTD: 7.15%
• 6M: 6.95%
• 1Y: 18.19%
• 3Y*: 12.19%
• 5Y*: —
• 10Y*: —

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

JANT vs. NVBT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JANT AllianzIM U.S. Large Cap Buffer10 Jan ETF	6.39%	14.30%	16.01%	22.92%	-0.25%
NVBT Allianzim U.S. Large Cap Buffer10 Nov ETF	7.15%	12.84%	12.03%	16.28%	-0.56%

Correlation

The correlation between JANT and NVBT is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 1, 2022	0.94

The correlation between JANT and NVBT has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

Return for Risk

JANT vs. NVBT — Risk / Return Rank

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

JANT

JANT Risk / Return Rank: 81
JANT Sharpe Ratio Rank: 82
JANT Sortino Ratio Rank: 85
JANT Omega Ratio Rank: 87
JANT Calmar Ratio Rank: 67
JANT Martin Ratio Rank: 84

NVBT

NVBT Risk / Return Rank: 73
NVBT Sharpe Ratio Rank: 73
NVBT Sortino Ratio Rank: 75
NVBT Omega Ratio Rank: 77
NVBT Calmar Ratio Rank: 61
NVBT Martin Ratio Rank: 77

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.

JANT vs. NVBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) and Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT). 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.

	JANT	NVBT	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.26	+0.29
Sortino ratio: Return per unit of downside risk	3.65	3.22	+0.43
Omega ratio: Gain probability vs. loss probability	1.51	1.44	+0.07
Calmar ratio: Return relative to maximum drawdown	3.27	2.94	+0.32
Martin ratio: Return relative to average drawdown	16.84	14.33	+2.50

JANT vs. NVBT - Sharpe Ratio Comparison

The current JANT Sharpe Ratio is 2.55, which is comparable to the NVBT Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of JANT and NVBT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JANT vs. NVBT - Drawdown Comparison

The maximum JANT drawdown since its inception was -16.18%, which is greater than NVBT's maximum drawdown of -12.90%. Use the drawdown chart below to compare losses from any high point for JANT and NVBT.

Drawdown Indicators

	JANT	NVBT	Difference
Max Drawdown Largest peak-to-trough decline	-16.18%	-12.90%	-3.28%
Max Drawdown (1Y) Largest decline over 1 year	-5.94%	-6.21%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-12.90%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	-16.18%	—	—
Current Drawdown Current decline from peak	-0.51%	-0.68%	+0.17%
Average Drawdown Average peak-to-trough decline	-2.66%	-1.35%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	1.27%	-0.12%

Volatility

JANT vs. NVBT - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) is 2.35%, while Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT) has a volatility of 2.77%. This indicates that JANT experiences smaller price fluctuations and is considered to be less risky than NVBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANT	NVBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	2.77%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	6.31%	6.72%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	7.62%	8.10%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.35%	10.36%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.09%	10.36%	+0.73%

JANT vs. NVBT - Expense Ratio Comparison

Both JANT and NVBT have an expense ratio of 0.74%.

Dividends

JANT vs. NVBT - Dividend Comparison

Neither JANT nor NVBT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANT and NVBT in my portfolio?

With a correlation of 0.97, JANT and NVBT 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 is riskier, JANT or NVBT?

NVBT has higher volatility (2.77%) compared to JANT (2.35%). In terms of maximum drawdown, JANT dropped -16.18% vs NVBT's -12.90%.

Which ETF is better, JANT or NVBT?

On 3-year performance, JANT leads with 15.73% vs 12.19% for NVBT. Both ETFs have the same 0.74% expense ratio. On volatility, JANT has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JANT or NVBT?

Over the 3-year period, JANT has performed better with a 15.73% return vs 12.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANT or NVBT?

JANT and NVBT have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, JANT or NVBT?

JANT and NVBT have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

JANT currently has the higher Sharpe Ratio (2.55 vs 2.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.