MARU vs. JANI

Last updated Jun 5, 2026

MARU (AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF) and JANI (AllianzIM International Equity Buffer15 Uncapped Jan ETF) are both Defined Outcome funds from AllianzIM. MARU is passively managed, while JANI is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. MARU charges 0.74%/yr vs 0.79%/yr for JANI.

Performance

MARU vs. JANI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF (MARU) and AllianzIM International Equity Buffer15 Uncapped Jan ETF (JANI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MARU

• 1D: 0.30%
• 1M: 3.79%
• YTD: 8.21%
• 6M: 7.97%
• 1Y: 19.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANI

• 1D: 0.54%
• 1M: 1.92%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MARU vs. JANI - Yearly Performance Comparison

	2026 (YTD)
MARU AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF	6.43%
JANI AllianzIM International Equity Buffer15 Uncapped Jan ETF	2.17%

Correlation

The correlation between MARU and JANI 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 Feb 3, 2026	0.79

Return for Risk

MARU vs. JANI — Risk / Return Rank

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

MARU

MARU Risk / Return Rank: 62
MARU Sharpe Ratio Rank: 62
MARU Sortino Ratio Rank: 61
MARU Omega Ratio Rank: 62
MARU Calmar Ratio Rank: 63
MARU Martin Ratio Rank: 65

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.

MARU vs. JANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF (MARU) and AllianzIM International Equity Buffer15 Uncapped Jan ETF (JANI). 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.

	MARU	JANI	Difference
Sharpe ratio: Return per unit of total volatility	2.04	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.05	—	—
Martin ratio: Return relative to average drawdown	11.71	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MARU	JANI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.49	+0.96

Drawdowns

MARU vs. JANI - Drawdown Comparison

The maximum MARU drawdown since its inception was -8.50%, which is greater than JANI's maximum drawdown of -7.50%. Use the drawdown chart below to compare losses from any high point for MARU and JANI.

Drawdown Indicators

	MARU	JANI	Difference
Max Drawdown Largest peak-to-trough decline	-8.50%	-7.50%	-1.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.56%	—	—
Current Drawdown Current decline from peak	-0.22%	-0.70%	+0.48%
Average Drawdown Average peak-to-trough decline	-1.34%	-2.52%	+1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	—	—

Volatility

Volatility by Period

	MARU	JANI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.80%	13.60%	-3.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.76%	13.60%	-1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.76%	13.60%	-1.84%

MARU vs. JANI - Expense Ratio Comparison

MARU has a 0.74% expense ratio, which is lower than JANI's 0.79% expense ratio.

Dividends

MARU vs. JANI - Dividend Comparison

Neither MARU nor JANI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MARU and JANI in my portfolio?

MARU and JANI 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.

Which ETF is better, MARU or JANI?

On fees, MARU is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MARU or JANI?

MARU is cheaper with a 0.74% expense ratio, compared with 0.79% for JANI.

Which ETF pays a higher dividend yield, MARU or JANI?

MARU and JANI have nearly identical dividend yields, around 0.00%.

What is the main difference between MARU and JANI?

Their fees differ too: 0.74% for MARU and 0.79% for JANI.