JANU vs. NVDO

Last updated Jun 5, 2026

JANU (AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. JANU charges 0.74%/yr vs 0.77%/yr for NVDO.

Performance

JANU vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF (JANU) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANU achieves a 8.40% return, which is significantly lower than NVDO's 20.98% return.

JANU

• 1D: 0.32%
• 1M: 3.78%
• YTD: 8.40%
• 6M: 8.36%
• 1Y: 20.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: 1.80%
• 1M: 17.25%
• YTD: 20.98%
• 6M: 29.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANU vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
JANU AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF	8.40%	4.90%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	20.98%	11.12%

Correlation

The correlation between JANU and NVDO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.53

Return for Risk

JANU vs. NVDO — Risk / Return Rank

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

JANU

JANU Risk / Return Rank: 69
JANU Sharpe Ratio Rank: 66
JANU Sortino Ratio Rank: 67
JANU Omega Ratio Rank: 66
JANU Calmar Ratio Rank: 71
JANU Martin Ratio Rank: 73

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.

JANU vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF (JANU) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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.

	JANU	NVDO	Difference
Sharpe ratio: Return per unit of total volatility	2.17	—	—
Sortino ratio: Return per unit of downside risk	3.03	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	3.46	—	—
Martin ratio: Return relative to average drawdown	13.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JANU	NVDO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.39	-0.06

Drawdowns

JANU vs. NVDO - Drawdown Comparison

The maximum JANU drawdown since its inception was -11.84%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for JANU and NVDO.

Drawdown Indicators

	JANU	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-11.84%	-16.25%	+4.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.98%	—	—
Current Drawdown Current decline from peak	-0.19%	-0.93%	+0.74%
Average Drawdown Average peak-to-trough decline	-1.87%	-4.97%	+3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	—	—

Volatility

Volatility by Period

	JANU	NVDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.55%	31.91%	-22.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.42%	31.91%	-20.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.42%	31.91%	-20.49%

JANU vs. NVDO - Expense Ratio Comparison

JANU has a 0.74% expense ratio, which is lower than NVDO's 0.77% expense ratio.

Dividends

JANU vs. NVDO - Dividend Comparison

JANU has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 13.77%.

Position	TTM	2025
JANU AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	13.77%	16.66%

Frequently Asked Questions

Can I hold both JANU and NVDO in my portfolio?

JANU and NVDO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JANU or NVDO?

On fees, JANU 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, JANU or NVDO?

JANU is cheaper with a 0.74% expense ratio, compared with 0.77% for NVDO.

Which ETF pays a higher dividend yield, JANU or NVDO?

NVDO has the higher dividend yield at 13.77%, compared with 0.00% for JANU.

What is the main difference between JANU and NVDO?

They also come from different issuers: AllianzIM and Leverage Shares. Their fees differ too: 0.74% for JANU and 0.77% for NVDO.