JANZ vs. AIOO

Last updated Apr 1, 2026

Compare and contrast key facts about TrueShares Structured Outcome (January) ETF (JANZ) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO).

JANZ and AIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JANZ is an actively managed fund by TrueShares. It was launched on Dec 31, 2020. AIOO is an actively managed fund by Allianz. It was launched on Jun 30, 2025.

Performance

JANZ vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (January) ETF (JANZ) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

JANZ vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
JANZ TrueShares Structured Outcome (January) ETF	-3.53%	8.32%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.01%	2.67%

Returns By Period

In the year-to-date period, JANZ achieves a -3.53% return, which is significantly lower than AIOO's 0.01% return.

JANZ

• 1D: 2.03%
• 1M: -3.67%
• YTD: -3.53%
• 6M: -1.79%
• 1Y: 12.03%
• 3Y*: 13.03%
• 5Y*: 9.05%
• 10Y*: —

AIOO

• 1D: 0.08%
• 1M: -0.25%
• YTD: 0.01%
• 6M: 0.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANZ vs. AIOO - Expense Ratio Comparison

JANZ has a 0.79% expense ratio, which is higher than AIOO's 0.64% expense ratio.

JANZ

TrueShares Structured Outcome (January) ETF

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF

Return for Risk

JANZ vs. AIOO — Risk / Return Rank

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

JANZ

JANZ Risk / Return Rank: 52
JANZ Sharpe Ratio Rank: 47
JANZ Sortino Ratio Rank: 48
JANZ Omega Ratio Rank: 49
JANZ Calmar Ratio Rank: 52
JANZ Martin Ratio Rank: 63

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.

JANZ vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (January) ETF (JANZ) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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.

	JANZ	AIOO	Difference
Sharpe ratio Return per unit of total volatility	0.86	—	—
Sortino ratio Return per unit of downside risk	1.33	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.35	—	—
Martin ratio Return relative to average drawdown	6.37	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JANZ	AIOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.82	-1.06

Correlation

The correlation between JANZ and AIOO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JANZ vs. AIOO - Dividend Comparison

JANZ's dividend yield for the trailing twelve months is around 1.47%, while AIOO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
JANZ TrueShares Structured Outcome (January) ETF	1.47%	1.42%	2.70%	2.58%	0.21%	4.52%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JANZ vs. AIOO - Drawdown Comparison

The maximum JANZ drawdown since its inception was -18.11%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for JANZ and AIOO.

Drawdown Indicators

	JANZ	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-18.11%	-0.74%	-17.37%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.11%	—	—
Current Drawdown Current decline from peak	-4.94%	-0.45%	-4.49%
Average Drawdown Average peak-to-trough decline	-3.58%	-0.19%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	—	—

Volatility

Volatility by Period

	JANZ	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	1.99%	+12.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	1.99%	+11.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.09%	1.99%	+11.10%