JANW vs. IVVB
JANW (AllianzIM U.S. Large Cap Buffer20 Jan ETF) and IVVB (iShares Large Cap Deep Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past year, JANW returned 11.63% vs 12.68% for IVVB. Their correlation of 0.85 suggests significant overlap in exposure. JANW charges 0.74%/yr vs 0.50%/yr for IVVB.
Performance
JANW vs. IVVB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JANW having a 3.90% return and IVVB slightly lower at 3.81%.
JANW
- 1D
- -0.35%
- 1M
- -0.01%
- YTD
- 3.90%
- 6M
- 4.02%
- 1Y
- 11.63%
- 3Y*
- 10.35%
- 5Y*
- 7.97%
- 10Y*
- —
IVVB
- 1D
- -0.46%
- 1M
- -0.43%
- YTD
- 3.81%
- 6M
- 2.94%
- 1Y
- 12.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANW vs. IVVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF | 3.90% | 10.05% | 10.99% | 5.41% |
IVVB iShares Large Cap Deep Buffer ETF | 3.81% | 9.60% | 18.66% | 2.64% |
Correlation
The correlation between JANW and IVVB is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.85 |
The correlation between JANW and IVVB has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
JANW vs. IVVB — Risk / Return Rank
JANW
IVVB
JANW vs. IVVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) and iShares Large Cap Deep Buffer ETF (IVVB). 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.
| JANW | IVVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.32 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.22 | +0.99 |
| Martin ratioReturn relative to average drawdown | 17.37 | 9.43 | +7.94 |
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Drawdowns
JANW vs. IVVB - Drawdown Comparison
The maximum JANW drawdown since its inception was -9.69%, smaller than the maximum IVVB drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for JANW and IVVB.
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Drawdown Indicators
| JANW | IVVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.69% | -13.08% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -5.75% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -8.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.69% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -0.88% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -1.59% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.35% | -0.68% |
Volatility
JANW vs. IVVB - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) is 1.48%, while iShares Large Cap Deep Buffer ETF (IVVB) has a volatility of 1.74%. This indicates that JANW experiences smaller price fluctuations and is considered to be less risky than IVVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JANW | IVVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.74% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 3.91% | 5.49% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.69% | 7.40% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 9.25% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 9.25% | -2.58% |
JANW vs. IVVB - Expense Ratio Comparison
JANW has a 0.74% expense ratio, which is higher than IVVB's 0.50% expense ratio.
Dividends
JANW vs. IVVB - Dividend Comparison
JANW has not paid dividends to shareholders, while IVVB's dividend yield for the trailing twelve months is around 1.18%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IVVB iShares Large Cap Deep Buffer ETF | 1.18% | 1.22% | 0.87% |
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JANW and IVVB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVVB has higher volatility (1.74%) compared to JANW (1.48%). In terms of maximum drawdown, JANW dropped -9.69% vs IVVB's -13.08%.
On 1-year performance, IVVB leads with 12.68% vs 11.63% for JANW. On fees, IVVB is cheaper at 0.50% per year. On volatility, JANW has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVVB has performed better with a 12.68% return vs 11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVVB is cheaper with a 0.50% expense ratio, compared with 0.74% for JANW.
IVVB has the higher dividend yield at 1.18%, compared with 0.00% for JANW.
They also come from different issuers: Allianz and iShares. Their fees differ too: 0.74% for JANW and 0.50% for IVVB.
JANW currently has the higher Sharpe Ratio (2.50 vs 1.72), 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.
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