JANZ vs. AIOO
JANZ (TrueShares Structured Outcome (January) ETF) and AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) are both Defined Outcome funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. JANZ charges 0.79%/yr vs 0.64%/yr for AIOO.
Performance
JANZ vs. AIOO - Performance Comparison
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Returns By Period
In the year-to-date period, JANZ achieves a 6.09% return, which is significantly higher than AIOO's 2.13% return.
JANZ
- 1D
- -1.06%
- 1M
- -1.00%
- YTD
- 6.09%
- 6M
- 5.48%
- 1Y
- 17.44%
- 3Y*
- 15.01%
- 5Y*
- 10.11%
- 10Y*
- —
AIOO
- 1D
- -0.13%
- 1M
- 0.05%
- YTD
- 2.13%
- 6M
- 1.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANZ vs. AIOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JANZ TrueShares Structured Outcome (January) ETF | 6.09% | 8.19% |
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF | 2.13% | 2.65% |
Correlation
The correlation between JANZ and AIOO is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.79 |
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Return for Risk
JANZ vs. AIOO — Risk / Return Rank
JANZ
AIOO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| JANZ | AIOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.31 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | — | — |
| Martin ratioReturn relative to average drawdown | 10.88 | — | — |
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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.
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Drawdown Indicators
| JANZ | AIOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -0.74% | -17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | — | — |
Current DrawdownCurrent decline from peak | -2.52% | -0.34% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -0.18% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | — | — |
Volatility
JANZ vs. AIOO - Volatility Comparison
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Volatility by Period
| JANZ | AIOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.00% | 2.06% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 2.06% | +11.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.01% | 2.06% | +10.95% |
JANZ vs. AIOO - Expense Ratio Comparison
JANZ has a 0.79% expense ratio, which is higher than AIOO's 0.64% expense ratio.
Dividends
JANZ vs. AIOO - Dividend Comparison
JANZ's dividend yield for the trailing twelve months is around 1.34%, while AIOO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JANZ TrueShares Structured Outcome (January) ETF | 1.34% | 1.42% | 2.70% | 2.58% | 0.21% | 4.52% |
Frequently Asked Questions
JANZ and AIOO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AIOO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AIOO is cheaper with a 0.64% expense ratio, compared with 0.79% for JANZ.
JANZ has the higher dividend yield at 1.34%, compared with 0.00% for AIOO.
They also come from different issuers: TrueShares and Allianz. Their fees differ too: 0.79% for JANZ and 0.64% for AIOO.
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