JANT vs. QQQY

Last updated Jun 5, 2026

JANT (AllianzIM U.S. Large Cap Buffer10 Jan ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - JANT is a Options Trading fund actively managed by Allianz, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. Over the past year, JANT returned 19.82% vs 35.59% for QQQY. Their correlation of 0.84 suggests significant overlap in exposure. JANT charges 0.74%/yr vs 0.99%/yr for QQQY.

Performance

JANT vs. QQQY - 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 Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANT achieves a 6.90% return, which is significantly lower than QQQY's 18.85% return.

JANT

• 1D: 0.27%
• 1M: 2.50%
• YTD: 6.90%
• 6M: 8.26%
• 1Y: 19.82%
• 3Y*: 16.53%
• 5Y*: 10.32%
• 10Y*: —

QQQY

• 1D: -0.19%
• 1M: 7.95%
• YTD: 18.85%
• 6M: 18.67%
• 1Y: 35.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANT vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JANT AllianzIM U.S. Large Cap Buffer10 Jan ETF	6.90%	14.30%	16.01%	6.30%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	18.85%	14.96%	7.70%	7.22%

Correlation

The correlation between JANT and QQQY is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.84

The correlation between JANT and QQQY has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

JANT vs. QQQY — Risk / Return Rank

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

JANT

JANT Risk / Return Rank: 83
JANT Sharpe Ratio Rank: 83
JANT Sortino Ratio Rank: 87
JANT Omega Ratio Rank: 88
JANT Calmar Ratio Rank: 69
JANT Martin Ratio Rank: 86

QQQY

QQQY Risk / Return Rank: 75
QQQY Sharpe Ratio Rank: 82
QQQY Sortino Ratio Rank: 75
QQQY Omega Ratio Rank: 81
QQQY Calmar Ratio Rank: 65
QQQY Martin Ratio Rank: 74

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. QQQY - 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 Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.

	JANT	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	2.67	2.62	+0.06
Sortino ratio: Return per unit of downside risk	3.88	3.31	+0.57
Omega ratio: Gain probability vs. loss probability	1.54	1.48	+0.06
Calmar ratio: Return relative to maximum drawdown	3.35	3.21	+0.14
Martin ratio: Return relative to average drawdown	17.58	13.65	+3.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANT vs. QQQY - Sharpe Ratio Comparison

The current JANT Sharpe Ratio is 2.67, which is comparable to the QQQY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of JANT and QQQY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JANT	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.62	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.25	-0.23

Drawdowns

JANT vs. QQQY - Drawdown Comparison

The maximum JANT drawdown since its inception was -16.18%, smaller than the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for JANT and QQQY.

Drawdown Indicators

	JANT	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-16.18%	-19.05%	+2.87%
Max Drawdown (1Y) Largest decline over 1 year	-5.94%	-11.14%	+5.20%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.18%	—	—
Current Drawdown Current decline from peak	-0.03%	-0.55%	+0.52%
Average Drawdown Average peak-to-trough decline	-2.67%	-2.91%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	2.61%	-1.48%

Volatility

JANT vs. QQQY - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) is 1.33%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 4.14%. This indicates that JANT experiences smaller price fluctuations and is considered to be less risky than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANT	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	4.14%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	5.96%	11.30%	-5.34%
Volatility (1Y) Calculated over the trailing 1-year period	7.44%	13.66%	-6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.31%	14.74%	-3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.10%	14.74%	-3.64%

JANT vs. QQQY - Expense Ratio Comparison

JANT has a 0.74% expense ratio, which is lower than QQQY's 0.99% expense ratio.

Dividends

JANT vs. QQQY - Dividend Comparison

JANT has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 35.18%.

Position	TTM	2025	2024	2023
JANT AllianzIM U.S. Large Cap Buffer10 Jan ETF	0.00%	0.00%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.18%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both JANT and QQQY in my portfolio?

JANT and QQQY have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JANT or QQQY?

QQQY has higher volatility (4.14%) compared to JANT (1.33%). In terms of maximum drawdown, JANT dropped -16.18% vs QQQY's -19.05%.

Which ETF is better, JANT or QQQY?

On 1-year performance, QQQY leads with 35.59% vs 19.82% for JANT. On fees, JANT is cheaper at 0.74% per year. On volatility, JANT has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JANT or QQQY?

Over the 1-year period, QQQY has performed better with a 35.59% return vs 19.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANT or QQQY?

JANT is cheaper with a 0.74% expense ratio, compared with 0.99% for QQQY.

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

QQQY has the higher dividend yield at 35.18%, compared with 0.00% for JANT.

What is the main difference between JANT and QQQY?

JANT is categorized as Options Trading, while QQQY is Nasdaq-100. They also come from different issuers: Allianz and Defiance. Their fees differ too: 0.74% for JANT and 0.99% for QQQY.

Which has better risk-adjusted returns?

JANT currently has the higher Sharpe Ratio (2.67 vs 2.62), 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.