JUNW vs. FLJJ

Last updated Aug 2, 2026

JUNW (AllianzIM U.S. Equity Buffer20 Jun ETF) and FLJJ (Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF) are both exchange-traded funds - JUNW is a Defined Outcome fund actively managed by Allianz, while FLJJ is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past year, JUNW returned 7.67% vs 11.66% for FLJJ. Their correlation of 0.86 means they have usually moved in the same direction. Both charge a 0.74% expense ratio.

Performance

JUNW vs. FLJJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) and Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUNW achieves a 3.21% return, which is significantly lower than FLJJ's 5.93% return.

JUNW

• 1D: 0.35%
• 1M: 0.44%
• 6M: 2.68%
• YTD: 3.21%
• 1Y: 7.67%
• 3Y*: 9.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.62%

FLJJ

• 1D: 0.42%
• 1M: 0.48%
• 6M: 5.19%
• YTD: 5.93%
• 1Y: 11.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	$52.96K	$36.05K	$176.13K
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	$1.50M	$1.37M	$5.86M

JUNW vs. FLJJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	3.21%	11.18%	10.00%
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	5.93%	11.35%	14.40%

Correlation

The correlation between JUNW and FLJJ is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.86

The correlation between JUNW and FLJJ has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

JUNW vs. FLJJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JUNW

JUNW Risk / Return Rank: 82
JUNW Sharpe Ratio Rank: 75
JUNW Sortino Ratio Rank: 77
JUNW Omega Ratio Rank: 85
JUNW Calmar Ratio Rank: 83
JUNW Martin Ratio Rank: 91

FLJJ

FLJJ Risk / Return Rank: 89
FLJJ Sharpe Ratio Rank: 91
FLJJ Sortino Ratio Rank: 93
FLJJ Omega Ratio Rank: 92
FLJJ Calmar Ratio Rank: 80
FLJJ Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JUNW vs. FLJJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) and Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ). 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.

	JUNW	FLJJ	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.36	-0.63
Sortino ratio: Return per unit of downside risk	2.52	3.47	-0.95
Omega ratio: Gain probability vs. loss probability	1.37	1.46	-0.09
Calmar ratio: Return relative to maximum drawdown	3.15	2.88	+0.28
Martin ratio: Return relative to average drawdown	14.81	14.93	-0.12

JUNW vs. FLJJ - Sharpe Ratio Comparison

The current JUNW Sharpe Ratio is 1.73, which is comparable to the FLJJ Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of JUNW and FLJJ, 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

JUNW vs. FLJJ - Drawdown Comparison

The maximum JUNW drawdown since its inception was -8.57%, which is greater than FLJJ's maximum drawdown of -6.91%. Use the drawdown chart below to compare losses from any high point for JUNW and FLJJ.

Drawdown Indicators

	JUNW	FLJJ	Difference
Max Drawdown Largest peak-to-trough decline	-8.57%	-6.91%	-1.66%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-3.86%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-8.57%	—	—
Current Drawdown Current decline from peak	-0.17%	-0.30%	+0.13%
Average Drawdown Average peak-to-trough decline	-0.55%	-0.75%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	0.74%	-0.25%

Volatility

JUNW vs. FLJJ - Volatility Comparison

AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) and Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) have volatilities of 1.57% and 1.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUNW	FLJJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	1.56%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	3.67%	3.92%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	4.20%	4.71%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.42%	6.13%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.42%	6.13%	+0.29%

JUNW vs. FLJJ - Expense Ratio Comparison

Both JUNW and FLJJ have an expense ratio of 0.74%.

Dividends

JUNW vs. FLJJ - Dividend Comparison

Neither JUNW nor FLJJ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JUNW and FLJJ in my portfolio?

JUNW and FLJJ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUNW or FLJJ?

JUNW has higher volatility (1.57%) compared to FLJJ (1.56%). In terms of maximum drawdown, JUNW dropped -8.57% vs FLJJ's -6.91%.

Which ETF is better, JUNW or FLJJ?

On 1-year performance, FLJJ leads with 11.66% vs 7.67% for JUNW. Both ETFs have the same 0.74% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUNW or FLJJ?

Over the 1-year period, FLJJ has performed better with a 11.66% return vs 7.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUNW or FLJJ?

JUNW and FLJJ have the same expense ratio: 0.74% per year.

Which ETF pays a higher dividend yield, JUNW or FLJJ?

JUNW and FLJJ have nearly identical dividend yields, around 0.00%.

What is the main difference between JUNW and FLJJ?

JUNW is categorized as Defined Outcome, while FLJJ is Options Trading.

Which has better risk-adjusted returns?

FLJJ currently has the higher Sharpe Ratio (2.36 vs 1.73), 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.