JANW vs. SCHF

Last updated Jun 13, 2026

JANW (AllianzIM U.S. Large Cap Buffer20 Jan ETF) and SCHF (Schwab International Equity ETF) are both exchange-traded funds - JANW is a Options Trading fund actively managed by Allianz, while SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. JANW is actively managed, while SCHF is passively managed. Over the past 5 years, JANW returned 8.08%/yr vs 9.76%/yr for SCHF. A 0.71 correlation means they provide meaningful diversification when combined. JANW charges 0.74%/yr vs 0.06%/yr for SCHF.

Performance

JANW vs. SCHF - 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 Schwab International Equity ETF (SCHF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANW achieves a 4.00% return, which is significantly lower than SCHF's 15.39% return.

JANW

• 1D: 0.18%
• 1M: 0.23%
• YTD: 4.00%
• 6M: 4.45%
• 1Y: 12.31%
• 3Y*: 10.44%
• 5Y*: 8.08%
• 10Y*: —

SCHF

• 1D: 0.29%
• 1M: 1.69%
• YTD: 15.39%
• 6M: 17.24%
• 1Y: 31.75%
• 3Y*: 19.18%
• 5Y*: 9.76%
• 10Y*: 10.82%

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

JANW vs. SCHF - 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%
SCHF Schwab International Equity ETF	15.39%	34.55%	3.28%	18.35%	-14.80%	11.40%

Correlation

The correlation between JANW and SCHF is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 4, 2021	0.71

The correlation between JANW and SCHF has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

JANW vs. SCHF - Sectors Allocation Comparison

Sectors	JANW	SCHF
Technology	36.2%	21.4%
Financial Services	11.9%	24.0%
Communication Services	10.9%	1.8%
Consumer Cyclical	10.1%	4.4%
Healthcare	8.4%	7.3%
Industrials	8.1%	8.9%
Consumer Defensive	4.9%	4.5%
Energy	3.5%	5.5%
Utilities	2.3%	1.0%
Real Estate	1.9%	0.2%
Basic Materials	1.8%	5.8%

Return for Risk

JANW vs. SCHF — Risk / Return Rank

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

JANW

JANW Risk / Return Rank: 86
JANW Sharpe Ratio Rank: 87
JANW Sortino Ratio Rank: 90
JANW Omega Ratio Rank: 91
JANW Calmar Ratio Rank: 72
JANW Martin Ratio Rank: 89

SCHF

SCHF Risk / Return Rank: 63
SCHF Sharpe Ratio Rank: 64
SCHF Sortino Ratio Rank: 62
SCHF Omega Ratio Rank: 63
SCHF Calmar Ratio Rank: 61
SCHF Martin Ratio Rank: 64

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. SCHF - 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 Schwab International Equity ETF (SCHF). 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	SCHF	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.82	+0.68
Sortino ratio: Return per unit of downside risk	3.71	2.52	+1.19
Omega ratio: Gain probability vs. loss probability	1.54	1.33	+0.21
Calmar ratio: Return relative to maximum drawdown	3.23	2.64	+0.59
Martin ratio: Return relative to average drawdown	17.55	10.14	+7.41

JANW vs. SCHF - Sharpe Ratio Comparison

The current JANW Sharpe Ratio is 2.50, which is higher than the SCHF Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of JANW and SCHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JANW vs. SCHF - Drawdown Comparison

The maximum JANW drawdown since its inception was -9.69%, smaller than the maximum SCHF drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for JANW and SCHF.

Drawdown Indicators

	JANW	SCHF	Difference
Max Drawdown Largest peak-to-trough decline	-9.69%	-34.87%	+25.18%
Max Drawdown (1Y) Largest decline over 1 year	-3.65%	-11.48%	+7.83%
Max Drawdown (3Y) Largest decline over 3 years	-8.66%	-13.41%	+4.75%
Max Drawdown (5Y) Largest decline over 5 years	-9.69%	-29.14%	+19.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.87%	—
Current Drawdown Current decline from peak	-0.54%	-1.00%	+0.46%
Average Drawdown Average peak-to-trough decline	-1.23%	-7.37%	+6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	2.99%	-2.32%

Volatility

JANW vs. SCHF - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) is 1.31%, while Schwab International Equity ETF (SCHF) has a volatility of 6.91%. This indicates that JANW experiences smaller price fluctuations and is considered to be less risky than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANW	SCHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	6.91%	-5.60%
Volatility (6M) Calculated over the trailing 6-month period	3.83%	14.42%	-10.59%
Volatility (1Y) Calculated over the trailing 1-year period	4.71%	16.67%	-11.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.79%	16.56%	-9.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.67%	17.24%	-10.57%

JANW vs. SCHF - Expense Ratio Comparison

JANW has a 0.74% expense ratio, which is higher than SCHF's 0.06% expense ratio.

Dividends

JANW vs. SCHF - Dividend Comparison

JANW has not paid dividends to shareholders, while SCHF's dividend yield for the trailing twelve months is around 2.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
SCHF Schwab International Equity ETF	2.96%	3.42%	3.26%	2.97%	2.80%	3.19%	2.08%	2.95%	3.06%	2.35%	2.58%	2.26%

Frequently Asked Questions

Can I hold both JANW and SCHF in my portfolio?

JANW and SCHF have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JANW or SCHF?

SCHF has higher volatility (6.91%) compared to JANW (1.31%). In terms of maximum drawdown, JANW dropped -9.69% vs SCHF's -34.87%.

Which ETF is better, JANW or SCHF?

On 5-year performance, SCHF leads with 9.76% vs 8.08% for JANW. On fees, SCHF is cheaper at 0.06% per year. On volatility, JANW has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JANW or SCHF?

Over the 5-year period, SCHF has performed better with a 9.76% return vs 8.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANW or SCHF?

SCHF is cheaper with a 0.06% expense ratio, compared with 0.74% for JANW.

Which ETF pays a higher dividend yield, JANW or SCHF?

SCHF has the higher dividend yield at 2.96%, compared with 0.00% for JANW.

What is the main difference between JANW and SCHF?

JANW is categorized as Options Trading, while SCHF is Foreign Large Cap Equities. They also come from different issuers: Allianz and Charles Schwab. Their fees differ too: 0.74% for JANW and 0.06% for SCHF.

Which has better risk-adjusted returns?

JANW currently has the higher Sharpe Ratio (2.50 vs 1.82), 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.