JUNW vs. JULW

Last updated Jun 4, 2026

JUNW (AllianzIM U.S. Equity Buffer20 Jun ETF) and JULW (AllianzIM U.S. Large Cap Buffer20 Jul ETF) are both exchange-traded funds - JUNW is a Defined Outcome fund actively managed by Allianz, while JULW is a Options Trading fund actively managed by Allianz. Both are actively managed. Over the past 3 years, JUNW returned 10.79%/yr vs 11.69%/yr for JULW. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.74% expense ratio.

Performance

JUNW vs. JULW - 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 Jul ETF (JULW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUNW achieves a 3.15% return, which is significantly lower than JULW's 3.83% return.

JUNW

• 1D: -0.19%
• 1M: 0.53%
• YTD: 3.15%
• 6M: 3.90%
• 1Y: 9.91%
• 3Y*: 10.79%
• 5Y*: —
• 10Y*: —

JULW

• 1D: -0.04%
• 1M: 1.02%
• YTD: 3.83%
• 6M: 4.53%
• 1Y: 12.84%
• 3Y*: 11.69%
• 5Y*: 8.98%
• 10Y*: —

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

JUNW vs. JULW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	3.15%	11.18%	11.12%	7.28%
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	3.83%	11.57%	12.39%	7.88%

Correlation

The correlation between JUNW and JULW is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 2, 2023	0.87

The correlation between JUNW and JULW has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

JUNW vs. JULW - Sectors Allocation Comparison

Sectors	JUNW	JULW
Technology	36.2%	36.2%
Financial Services	11.9%	11.9%
Communication Services	10.9%	10.9%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	8.4%
Industrials	8.1%	8.1%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.3%	2.3%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

JUNW vs. JULW — Risk / Return Rank

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

JUNW

JUNW Risk / Return Rank: 89
JUNW Sharpe Ratio Rank: 85
JUNW Sortino Ratio Rank: 91
JUNW Omega Ratio Rank: 93
JUNW Calmar Ratio Rank: 82
JUNW Martin Ratio Rank: 94

JULW

JULW Risk / Return Rank: 89
JULW Sharpe Ratio Rank: 85
JULW Sortino Ratio Rank: 91
JULW Omega Ratio Rank: 92
JULW Calmar Ratio Rank: 82
JULW Martin Ratio Rank: 93

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. JULW - 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 Jul ETF (JULW). 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.

	JUNW	JULW	Difference
Sharpe ratio Return per unit of total volatility	2.78	2.77	+0.01
Sortino ratio Return per unit of downside risk	4.35	4.34	+0.01
Omega ratio Gain probability vs. loss probability	1.64	1.61	+0.03
Calmar ratio Return relative to maximum drawdown	4.31	4.35	-0.04
Martin ratio Return relative to average drawdown	26.43	24.47	+1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JUNW vs. JULW - Sharpe Ratio Comparison

The current JUNW Sharpe Ratio is 2.78, which is comparable to the JULW Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of JUNW and JULW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JUNW	JULW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	2.77	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	1.39	+0.33

Drawdowns

JUNW vs. JULW - Drawdown Comparison

The maximum JUNW drawdown since its inception was -8.57%, smaller than the maximum JULW drawdown of -9.49%. Use the drawdown chart below to compare losses from any high point for JUNW and JULW.

Drawdown Indicators

	JUNW	JULW	Difference
Max Drawdown Largest peak-to-trough decline	-8.57%	-9.49%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-2.96%	+0.65%
Max Drawdown (3Y) Largest decline over 3 years	-8.57%	-9.49%	+0.92%
Max Drawdown (5Y) Largest decline over 5 years	—	-9.49%	—
Current Drawdown Current decline from peak	-0.19%	-0.04%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.54%	-0.91%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	0.53%	-0.15%

Volatility

JUNW vs. JULW - Volatility Comparison

AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) has a higher volatility of 0.34% compared to AllianzIM U.S. Large Cap Buffer20 Jul ETF (JULW) at 0.30%. This indicates that JUNW's price experiences larger fluctuations and is considered to be riskier than JULW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUNW	JULW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	0.30%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	3.23%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	4.67%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.41%	6.88%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.41%	6.54%	-0.13%

JUNW vs. JULW - Expense Ratio Comparison

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

Dividends

JUNW vs. JULW - Dividend Comparison

Neither JUNW nor JULW has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
JULW AllianzIM U.S. Large Cap Buffer20 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.04%
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JUNW and JULW in my portfolio?

JUNW and JULW have a correlation of 0.89, 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 JULW?

JUNW has higher volatility (0.34%) compared to JULW (0.30%). In terms of maximum drawdown, JUNW dropped -8.57% vs JULW's -9.49%.

Which ETF is better, JUNW or JULW?

On 3-year performance, JULW leads with 11.69% vs 10.79% 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 JULW?

Over the 3-year period, JULW has performed better with a 11.69% return vs 10.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUNW or JULW?

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

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

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

What is the main difference between JUNW and JULW?

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

Which has better risk-adjusted returns?

JUNW currently has the higher Sharpe Ratio (2.78 vs 2.77), 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.