NVBU vs. JANI

Last updated Jun 4, 2026

NVBU (AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF) and JANI (AllianzIM International Equity Buffer15 Uncapped Jan ETF) are both Defined Outcome funds from AllianzIM. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. NVBU charges 0.74%/yr vs 0.79%/yr for JANI.

Performance

NVBU vs. JANI - Performance Comparison

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

Returns By Period

NVBU

• 1D: -0.55%
• 1M: 4.02%
• YTD: 7.60%
• 6M: 6.96%
• 1Y: 20.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANI

• 1D: -0.52%
• 1M: 2.36%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVBU vs. JANI - Yearly Performance Comparison

	2026 (YTD)
NVBU AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF	6.42%
JANI AllianzIM International Equity Buffer15 Uncapped Jan ETF	1.62%

Correlation

The correlation between NVBU and JANI is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 3, 2026	0.82

Return for Risk

NVBU vs. JANI — Risk / Return Rank

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

NVBU

NVBU Risk / Return Rank: 74
NVBU Sharpe Ratio Rank: 71
NVBU Sortino Ratio Rank: 72
NVBU Omega Ratio Rank: 71
NVBU Calmar Ratio Rank: 77
NVBU Martin Ratio Rank: 80

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.

NVBU vs. JANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) 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.

	NVBU	JANI	Difference
Sharpe ratio: Return per unit of total volatility	2.29	—	—
Sortino ratio: Return per unit of downside risk	3.22	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	3.86	—	—
Martin ratio: Return relative to average drawdown	15.42	—	—
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

	NVBU	JANI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.36	+0.97

Drawdowns

NVBU vs. JANI - Drawdown Comparison

The maximum NVBU drawdown since its inception was -11.97%, which is greater than JANI's maximum drawdown of -7.50%. Use the drawdown chart below to compare losses from any high point for NVBU and JANI.

Drawdown Indicators

	NVBU	JANI	Difference
Max Drawdown Largest peak-to-trough decline	-11.97%	-7.50%	-4.47%
Max Drawdown (1Y) Largest decline over 1 year	-5.38%	—	—
Current Drawdown Current decline from peak	-0.55%	-1.23%	+0.68%
Average Drawdown Average peak-to-trough decline	-1.78%	-2.54%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	—	—

Volatility

Volatility by Period

	NVBU	JANI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.08%	13.66%	-4.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.05%	13.66%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.05%	13.66%	-2.61%

NVBU vs. JANI - Expense Ratio Comparison

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

Dividends

NVBU vs. JANI - Dividend Comparison

Neither NVBU nor JANI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NVBU and JANI in my portfolio?

NVBU and JANI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVBU or JANI?

On fees, NVBU 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, NVBU or JANI?

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

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

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

What is the main difference between NVBU and JANI?

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