JANW vs. OBDC
JANW (AllianzIM U.S. Large Cap Buffer20 Jan ETF) is Options Trading fund actively managed by Allianz, while OBDC (Blue Owl Capital Corporation) is a stock. Over the past 5 years, JANW returned 8.08%/yr vs 5.43%/yr for OBDC. At a 0.45 correlation, their price movements are largely independent.
Performance
JANW vs. OBDC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JANW achieves a 4.00% return, which is significantly higher than OBDC's -6.89% return.
JANW
- 1D
- 0.18%
- 1M
- 0.23%
- YTD
- 4.00%
- 6M
- 4.45%
- 1Y
- 12.31%
- 3Y*
- 10.44%
- 5Y*
- 8.08%
- 10Y*
- —
OBDC
- 1D
- 0.09%
- 1M
- -0.71%
- YTD
- -6.89%
- 6M
- -8.67%
- 1Y
- -13.64%
- 3Y*
- 5.28%
- 5Y*
- 5.43%
- 10Y*
- —
JANW vs. OBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF | 4.00% | 10.05% | 10.99% | 14.56% | -0.60% | 6.31% |
OBDC Blue Owl Capital Corporation | -6.89% | -7.87% | 14.69% | 43.51% | -9.48% | 21.99% |
Correlation
The correlation between JANW and OBDC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021 | 0.45 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JANW vs. OBDC — Risk / Return Rank
JANW
OBDC
JANW vs. OBDC - 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 Blue Owl Capital Corporation (OBDC). 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 | OBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.14 | ||
| Sortino ratioReturn per unit of downside risk | +4.50 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 0.91 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | -0.61 | +3.84 |
| Martin ratioReturn relative to average drawdown | 17.55 | -1.03 | +18.58 |
Loading charts...
Drawdowns
JANW vs. OBDC - Drawdown Comparison
The maximum JANW drawdown since its inception was -9.69%, smaller than the maximum OBDC drawdown of -56.07%. Use the drawdown chart below to compare losses from any high point for JANW and OBDC.
Loading charts...
Drawdown Indicators
| JANW | OBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.69% | -56.07% | +46.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | -23.90% | +20.25% |
Max Drawdown (3Y)Largest decline over 3 years | -8.66% | -23.90% | +15.24% |
Max Drawdown (5Y)Largest decline over 5 years | -9.69% | -28.26% | +18.57% |
Current DrawdownCurrent decline from peak | -0.54% | -18.68% | +18.14% |
Average DrawdownAverage peak-to-trough decline | -1.23% | -10.67% | +9.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 14.20% | -13.53% |
Volatility
JANW vs. OBDC - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) is 1.31%, while Blue Owl Capital Corporation (OBDC) has a volatility of 6.58%. This indicates that JANW experiences smaller price fluctuations and is considered to be less risky than OBDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JANW | OBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 6.58% | -5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 18.87% | -15.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 23.15% | -18.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.79% | 20.77% | -13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 27.06% | -20.39% |
Dividends
JANW vs. OBDC - Dividend Comparison
JANW has not paid dividends to shareholders, while OBDC's dividend yield for the trailing twelve months is around 13.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OBDC Blue Owl Capital Corporation | 13.42% | 12.55% | 11.38% | 10.77% | 11.17% | 8.76% | 12.32% | 3.80% |
Frequently Asked Questions
JANW and OBDC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBDC has higher volatility (6.58%) compared to JANW (1.31%). In terms of maximum drawdown, JANW dropped -9.69% vs OBDC's -56.07%.
JANW currently has the higher Sharpe Ratio (2.50 vs -0.63), 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.
Find the right allocation for JANW and OBDC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer