JUNW vs. JANW

Last updated Jun 24, 2026

JUNW (AllianzIM U.S. Equity Buffer20 Jun ETF) and JANW (AllianzIM U.S. Large Cap Buffer20 Jan ETF) are both exchange-traded funds - JUNW is a Defined Outcome fund actively managed by Allianz, while JANW is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past 3 years, JUNW returned 10.11%/yr vs 10.35%/yr for JANW. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

JUNW vs. JANW - 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 Buffer20 Jan ETF (JANW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUNW achieves a 2.07% return, which is significantly lower than JANW's 3.90% return.

JUNW

• 1D: -0.58%
• 1M: -0.92%
• YTD: 2.07%
• 6M: 2.08%
• 1Y: 8.26%
• 3Y*: 10.11%
• 5Y*: —
• 10Y*: —

JANW

• 1D: -0.35%
• 1M: -0.01%
• YTD: 3.90%
• 6M: 4.02%
• 1Y: 11.63%
• 3Y*: 10.35%
• 5Y*: 7.97%
• 10Y*: —

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

JUNW vs. JANW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	2.07%	11.18%	11.12%	7.93%
JANW AllianzIM U.S. Large Cap Buffer20 Jan ETF	3.90%	10.05%	10.99%	7.96%

Correlation

The correlation between JUNW and JANW is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 1, 2023	0.82

The correlation between JUNW and JANW has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

JUNW vs. JANW — Risk / Return Rank

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

JUNW

JUNW Risk / Return Rank: 80
JUNW Sharpe Ratio Rank: 72
JUNW Sortino Ratio Rank: 76
JUNW Omega Ratio Rank: 86
JUNW Calmar Ratio Rank: 76
JUNW Martin Ratio Rank: 90

JANW

JANW Risk / Return Rank: 84
JANW Sharpe Ratio Rank: 84
JANW Sortino Ratio Rank: 88
JANW Omega Ratio Rank: 90
JANW Calmar Ratio Rank: 69
JANW Martin Ratio Rank: 87

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.

JUNW vs. JANW - 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 Buffer20 Jan ETF (JANW). 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	JANW	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.50	-0.41
Sortino ratio: Return per unit of downside risk	3.07	3.70	-0.64
Omega ratio: Gain probability vs. loss probability	1.47	1.53	-0.07
Calmar ratio: Return relative to maximum drawdown	3.60	3.20	+0.39
Martin ratio: Return relative to average drawdown	18.86	17.37	+1.48

JUNW vs. JANW - Sharpe Ratio Comparison

The current JUNW Sharpe Ratio is 2.09, which is comparable to the JANW Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of JUNW and JANW, 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. JANW - Drawdown Comparison

The maximum JUNW drawdown since its inception was -8.57%, smaller than the maximum JANW drawdown of -9.69%. Use the drawdown chart below to compare losses from any high point for JUNW and JANW.

Drawdown Indicators

	JUNW	JANW	Difference
Max Drawdown Largest peak-to-trough decline	-8.57%	-9.69%	+1.12%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-3.65%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	-8.57%	-8.66%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-9.69%	—
Current Drawdown Current decline from peak	-1.23%	-0.63%	-0.60%
Average Drawdown Average peak-to-trough decline	-0.55%	-1.22%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.44%	0.67%	-0.23%

Volatility

JUNW vs. JANW - Volatility Comparison

AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) has a higher volatility of 2.05% compared to AllianzIM U.S. Large Cap Buffer20 Jan ETF (JANW) at 1.48%. This indicates that JUNW's price experiences larger fluctuations and is considered to be riskier than JANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUNW	JANW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	1.48%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	3.37%	3.91%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	3.98%	4.69%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.47%	6.80%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.47%	6.67%	-0.20%

JUNW vs. JANW - Expense Ratio Comparison

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

Dividends

JUNW vs. JANW - Dividend Comparison

Neither JUNW nor JANW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JUNW and JANW in my portfolio?

JUNW and JANW have a correlation of 0.83, 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 JANW?

JUNW has higher volatility (2.05%) compared to JANW (1.48%). In terms of maximum drawdown, JUNW dropped -8.57% vs JANW's -9.69%.

Which ETF is better, JUNW or JANW?

On 3-year performance, JANW leads with 10.35% vs 10.11% for JUNW. Both ETFs have the same 0.74% expense ratio. On volatility, JANW has been the lower-risk option at 1.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUNW or JANW?

Over the 3-year period, JANW has performed better with a 10.35% return vs 10.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUNW or JANW?

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

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

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

What is the main difference between JUNW and JANW?

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

Which has better risk-adjusted returns?

JANW currently has the higher Sharpe Ratio (2.50 vs 2.09), 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.