JANZ vs. QB
JANZ (TrueShares Structured Outcome (January) ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. JANZ is actively managed, while QB is passively managed. Over the past year, JANZ returned 15.56% vs 18.28% for QB. A 0.77 correlation means they provide meaningful diversification when combined. JANZ charges 0.79%/yr vs 0.58%/yr for QB.
Performance
JANZ vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, JANZ achieves a 7.59% return, which is significantly lower than QB's 12.15% return.
JANZ
- 1D
- -0.68%
- 1M
- 0.89%
- 6M
- 6.02%
- YTD
- 7.59%
- 1Y
- 15.56%
- 3Y*
- 14.54%
- 5Y*
- 10.02%
- 10Y*
- —
QB
- 1D
- -0.14%
- 1M
- 3.02%
- 6M
- 10.85%
- YTD
- 12.15%
- 1Y
- 18.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANZ vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JANZ TrueShares Structured Outcome (January) ETF | 7.59% | 9.80% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 6.10% |
Correlation
The correlation between JANZ and QB is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.77 |
The correlation between JANZ and QB has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
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Return for Risk
JANZ vs. QB — Risk / Return Rank
JANZ
QB
JANZ vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (January) ETF (JANZ) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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 | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.62 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 5.28 | -3.00 |
| Martin ratioReturn relative to average drawdown | 9.38 | 25.48 | -16.09 |
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Drawdowns
JANZ vs. QB - Drawdown Comparison
The maximum JANZ drawdown since its inception was -18.11%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for JANZ and QB.
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Drawdown Indicators
| JANZ | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.11% | -3.47% | -14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -3.47% | -3.36% |
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 | -1.15% | -0.31% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -0.42% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 0.72% | +0.94% |
Volatility
JANZ vs. QB - Volatility Comparison
TrueShares Structured Outcome (January) ETF (JANZ) has a higher volatility of 3.71% compared to ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) at 3.05%. This indicates that JANZ's price experiences larger fluctuations and is considered to be riskier than QB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JANZ | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 3.05% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 5.83% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.19% | 7.03% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.26% | 6.93% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 6.93% | +6.06% |
JANZ vs. QB - Expense Ratio Comparison
JANZ has a 0.79% expense ratio, which is higher than QB's 0.58% expense ratio.
Dividends
JANZ vs. QB - Dividend Comparison
JANZ's dividend yield for the trailing twelve months is around 1.32%, more than QB's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JANZ TrueShares Structured Outcome (January) ETF | 1.32% | 1.42% | 2.70% | 2.58% | 0.21% | 4.52% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.78% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JANZ and QB have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JANZ has higher volatility (3.71%) compared to QB (3.05%). In terms of maximum drawdown, JANZ dropped -18.11% vs QB's -3.47%.
On 1-year performance, QB leads with 18.28% vs 15.56% for JANZ. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QB has performed better with a 18.28% return vs 15.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QB is cheaper with a 0.58% expense ratio, compared with 0.79% for JANZ.
JANZ has the higher dividend yield at 1.32%, compared with 0.78% for QB.
They also come from different issuers: TrueShares and ProShares. Their fees differ too: 0.79% for JANZ and 0.58% for QB.
QB currently has the higher Sharpe Ratio (2.62 vs 1.54), 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.
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