JANU vs. QBSF

Last updated Jun 23, 2026

JANU (AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF) and QBSF (AllianzIM U.S. Equity Buffer15 ETF) are both Defined Outcome funds from AllianzIM. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. JANU charges 0.74%/yr vs 0.64%/yr for QBSF.

Performance

JANU vs. QBSF - 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 AllianzIM U.S. Equity Buffer15 ETF (QBSF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANU achieves a 6.77% return, which is significantly higher than QBSF's 2.67% return.

JANU

• 1D: -0.52%
• 1M: -0.18%
• YTD: 6.77%
• 6M: 6.31%
• 1Y: 18.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QBSF

• 1D: 0.04%
• 1M: 0.37%
• YTD: 2.67%
• 6M: 2.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANU vs. QBSF - Yearly Performance Comparison

	2026 (YTD)	2025
JANU AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF	6.77%	8.10%
QBSF AllianzIM U.S. Equity Buffer15 ETF	2.67%	4.79%

Correlation

The correlation between JANU and QBSF 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 Jul 1, 2025	0.81

Return for Risk

JANU vs. QBSF — Risk / Return Rank

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

JANU

JANU Risk / Return Rank: 60
JANU Sharpe Ratio Rank: 58
JANU Sortino Ratio Rank: 57
JANU Omega Ratio Rank: 56
JANU Calmar Ratio Rank: 65
JANU Martin Ratio Rank: 67

QBSF

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

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. QBSF - 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 AllianzIM U.S. Equity Buffer15 ETF (QBSF). 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.

	JANU	QBSF	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.62	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	3.17	—	—
Martin ratio: Return relative to average drawdown	11.91	—	—

Drawdowns

JANU vs. QBSF - Drawdown Comparison

The maximum JANU drawdown since its inception was -11.84%, which is greater than QBSF's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for JANU and QBSF.

Drawdown Indicators

	JANU	QBSF	Difference
Max Drawdown Largest peak-to-trough decline	-11.84%	-1.58%	-10.26%
Max Drawdown (1Y) Largest decline over 1 year	-5.98%	—	—
Current Drawdown Current decline from peak	-1.70%	0.00%	-1.70%
Average Drawdown Average peak-to-trough decline	-1.87%	-0.21%	-1.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	—	—

Volatility

Volatility by Period

	JANU	QBSF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.07%	2.67%	+7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.60%	2.67%	+8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.60%	2.67%	+8.93%

JANU vs. QBSF - Expense Ratio Comparison

JANU has a 0.74% expense ratio, which is higher than QBSF's 0.64% expense ratio.

Dividends

JANU vs. QBSF - Dividend Comparison

Neither JANU nor QBSF has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANU and QBSF in my portfolio?

JANU and QBSF 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, JANU or QBSF?

On fees, QBSF is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JANU or QBSF?

QBSF is cheaper with a 0.64% expense ratio, compared with 0.74% for JANU.

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

JANU and QBSF have nearly identical dividend yields, around 0.00%.

What is the main difference between JANU and QBSF?

Their fees differ too: 0.74% for JANU and 0.64% for QBSF.