QBSF vs. JANI

Last updated Jul 11, 2026

QBSF (AllianzIM U.S. Equity Buffer15 ETF) and JANI (AllianzIM International Equity Buffer15 Uncapped Jan ETF) are both Defined Outcome funds from AllianzIM. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. QBSF charges 0.64%/yr vs 0.79%/yr for JANI.

Performance

QBSF vs. JANI - Performance Comparison

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

Returns By Period

QBSF

• 1D: 0.15%
• 1M: 0.67%
• 6M: 2.89%
• YTD: 3.18%
• 1Y: 7.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANI

• 1D: 0.47%
• 1M: 0.55%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBSF vs. JANI - Yearly Performance Comparison

	2026 (YTD)
QBSF AllianzIM U.S. Equity Buffer15 ETF	2.71%
JANI AllianzIM International Equity Buffer15 Uncapped Jan ETF	2.71%

Correlation

The correlation between QBSF and JANI is 0.59, 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	0.59

Return for Risk

QBSF vs. JANI — Risk / Return Rank

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

QBSF

QBSF Risk / Return Rank: 94
QBSF Sharpe Ratio Rank: 95
QBSF Sortino Ratio Rank: 96
QBSF Omega Ratio Rank: 96
QBSF Calmar Ratio Rank: 93
QBSF Martin Ratio Rank: 93

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.

QBSF vs. JANI - Risk-Adjusted Trends Comparison

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

	QBSF	JANI	Difference
Sharpe ratio: Return per unit of total volatility	2.92	—	—
Sortino ratio: Return per unit of downside risk	4.51	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	4.96	—	—
Martin ratio: Return relative to average drawdown	19.02	—	—

Drawdowns

QBSF vs. JANI - Drawdown Comparison

The maximum QBSF drawdown since its inception was -1.58%, smaller than the maximum JANI drawdown of -7.50%. Use the drawdown chart below to compare losses from any high point for QBSF and JANI.

Drawdown Indicators

	QBSF	JANI	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-7.50%	+5.92%
Max Drawdown (1Y) Largest decline over 1 year	-1.58%	—	—
Current Drawdown Current decline from peak	0.00%	-0.71%	+0.71%
Average Drawdown Average peak-to-trough decline	-0.20%	-2.18%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	—	—

Volatility

Volatility by Period

	QBSF	JANI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.69%	13.34%	-10.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.68%	13.34%	-10.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.68%	13.34%	-10.66%

QBSF vs. JANI - Expense Ratio Comparison

QBSF has a 0.64% expense ratio, which is lower than JANI's 0.79% expense ratio.

Dividends

QBSF vs. JANI - Dividend Comparison

Neither QBSF nor JANI has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QBSF and JANI in my portfolio?

QBSF and JANI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBSF or JANI?

On fees, QBSF is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QBSF or JANI?

QBSF is cheaper with a 0.64% expense ratio, compared with 0.79% for JANI.

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

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

What is the main difference between QBSF and JANI?

Their fees differ too: 0.64% for QBSF and 0.79% for JANI.