JANW vs. LAPR

Last updated Apr 1, 2026

Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) and Innovator Premium Income 15 Buffer ETF - April (LAPR).

JANW and LAPR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JANW is an actively managed fund by Allianz. It was launched on Dec 31, 2020. LAPR is an actively managed fund by Innovator. It was launched on Mar 28, 2024.

Performance

JANW vs. LAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) and Innovator Premium Income 15 Buffer ETF - April (LAPR). The values are adjusted to include any dividend payments, if applicable.

JANW vs. LAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF	-1.43%	10.05%	7.20%
LAPR Innovator Premium Income 15 Buffer ETF - April	0.84%	5.81%	4.82%

Returns By Period

In the year-to-date period, JANW achieves a -1.43% return, which is significantly lower than LAPR's 0.84% return.

JANW

• 1D: 1.42%
• 1M: -1.88%
• YTD: -1.43%
• 6M: 0.94%
• 1Y: 9.85%
• 3Y*: 9.76%
• 5Y*: 7.29%
• 10Y*: —

LAPR

• 1D: 0.05%
• 1M: 0.23%
• YTD: 0.84%
• 6M: 2.11%
• 1Y: 5.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANW vs. LAPR - Expense Ratio Comparison

JANW has a 0.74% expense ratio, which is lower than LAPR's 0.79% expense ratio.

LAPR

Innovator Premium Income 15 Buffer ETF - April

JANW

AllianzIM U.S. Large Cap Buffer20 Jan ETF

Return for Risk

JANW vs. LAPR — Risk / Return Rank

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

JANW

JANW Risk / Return Rank: 73
JANW Sharpe Ratio Rank: 68
JANW Sortino Ratio Rank: 71
JANW Omega Ratio Rank: 81
JANW Calmar Ratio Rank: 63
JANW Martin Ratio Rank: 82

LAPR

LAPR Risk / Return Rank: 77
LAPR Sharpe Ratio Rank: 70
LAPR Sortino Ratio Rank: 74
LAPR Omega Ratio Rank: 97
LAPR Calmar Ratio Rank: 56
LAPR Martin Ratio Rank: 87

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.

JANW vs. LAPR - 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 Innovator Premium Income 15 Buffer ETF - April (LAPR). 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.

	JANW	LAPR	Difference
Sharpe ratio Return per unit of total volatility	1.22	1.28	-0.06
Sortino ratio Return per unit of downside risk	1.84	1.92	-0.09
Omega ratio Gain probability vs. loss probability	1.32	1.55	-0.23
Calmar ratio Return relative to maximum drawdown	1.64	1.48	+0.16
Martin ratio Return relative to average drawdown	9.43	10.62	-1.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANW vs. LAPR - Sharpe Ratio Comparison

The current JANW Sharpe Ratio is 1.22, which is comparable to the LAPR Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of JANW and LAPR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JANW	LAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.28	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	1.71	-0.58

Correlation

The correlation between JANW and LAPR is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JANW vs. LAPR - Dividend Comparison

JANW has not paid dividends to shareholders, while LAPR's dividend yield for the trailing twelve months is around 5.36%.

	TTM	2025	2024
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF	0.00%	0.00%	0.00%
LAPR Innovator Premium Income 15 Buffer ETF - April	5.36%	5.40%	4.21%

Drawdowns

JANW vs. LAPR - Drawdown Comparison

The maximum JANW drawdown since its inception was -9.69%, which is greater than LAPR's maximum drawdown of -3.81%. Use the drawdown chart below to compare losses from any high point for JANW and LAPR.

Drawdown Indicators

	JANW	LAPR	Difference
Max Drawdown Largest peak-to-trough decline	-9.69%	-3.81%	-5.88%
Max Drawdown (1Y) Largest decline over 1 year	-6.18%	-3.81%	-2.37%
Max Drawdown (5Y) Largest decline over 5 years	-9.69%	—	—
Current Drawdown Current decline from peak	-2.28%	0.00%	-2.28%
Average Drawdown Average peak-to-trough decline	-1.26%	-0.12%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.53%	+0.55%

Volatility

JANW vs. LAPR - Volatility Comparison

AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) has a higher volatility of 2.64% compared to Innovator Premium Income 15 Buffer ETF - April (LAPR) at 0.10%. This indicates that JANW's price experiences larger fluctuations and is considered to be riskier than LAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANW	LAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	0.10%	+2.54%
Volatility (6M) Calculated over the trailing 6-month period	3.63%	0.68%	+2.95%
Volatility (1Y) Calculated over the trailing 1-year period	8.11%	4.40%	+3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.77%	3.39%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.73%	3.39%	+3.34%