OCTU vs. JANI

Last updated Jun 24, 2026

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

Performance

OCTU vs. JANI - Performance Comparison

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

Returns By Period

OCTU

• 1D: -1.00%
• 1M: -1.09%
• YTD: 5.55%
• 6M: 5.00%
• 1Y: 16.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANI

• 1D: -1.40%
• 1M: -0.08%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OCTU vs. JANI - Yearly Performance Comparison

	2026 (YTD)
OCTU AllianzIM U.S. Equity Buffer15 Uncapped Oct ETF	4.58%
JANI AllianzIM International Equity Buffer15 Uncapped Jan ETF	1.59%

Correlation

The correlation between OCTU 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 2, 2026	0.79

Return for Risk

OCTU vs. JANI — Risk / Return Rank

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

OCTU

OCTU Risk / Return Rank: 62
OCTU Sharpe Ratio Rank: 60
OCTU Sortino Ratio Rank: 60
OCTU Omega Ratio Rank: 57
OCTU Calmar Ratio Rank: 64
OCTU Martin Ratio Rank: 68

JANI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

OCTU vs. JANI - Risk-Adjusted Trends Comparison

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

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.

	OCTU	JANI	Difference
Sharpe ratio: Return per unit of total volatility	1.83	—	—
Sortino ratio: Return per unit of downside risk	2.55	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.87	—	—
Martin ratio: Return relative to average drawdown	11.37	—	—

Drawdowns

OCTU vs. JANI - Drawdown Comparison

The maximum OCTU drawdown since its inception was -11.24%, which is greater than JANI's maximum drawdown of -7.50%. Use the drawdown chart below to compare losses from any high point for OCTU and JANI.

Drawdown Indicators

	OCTU	JANI	Difference
Max Drawdown Largest peak-to-trough decline	-11.24%	-7.50%	-3.74%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	—	—
Current Drawdown Current decline from peak	-2.66%	-1.47%	-1.19%
Average Drawdown Average peak-to-trough decline	-1.69%	-2.33%	+0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	—	—

Volatility

Volatility by Period

	OCTU	JANI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.33%	13.74%	-4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.61%	13.74%	-3.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.61%	13.74%	-3.13%

OCTU vs. JANI - Expense Ratio Comparison

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

Dividends

OCTU vs. JANI - Dividend Comparison

Neither OCTU nor JANI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTU and JANI in my portfolio?

OCTU 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, OCTU or JANI?

On fees, OCTU 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, OCTU or JANI?

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

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

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

What is the main difference between OCTU and JANI?

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