QBSF vs. JANU

Last updated Jun 4, 2026

QBSF (AllianzIM U.S. Equity Buffer15 ETF) and JANU (AllianzIM U.S. 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. QBSF charges 0.64%/yr vs 0.74%/yr for JANU.

Performance

QBSF vs. JANU - Performance Comparison

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

Returns By Period

In the year-to-date period, QBSF achieves a 2.29% return, which is significantly lower than JANU's 8.05% return.

QBSF

• 1D: -0.13%
• 1M: 0.54%
• YTD: 2.29%
• 6M: 3.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANU

• 1D: -0.51%
• 1M: 4.14%
• YTD: 8.05%
• 6M: 7.44%
• 1Y: 20.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBSF vs. JANU - Yearly Performance Comparison

	2026 (YTD)	2025
QBSF AllianzIM U.S. Equity Buffer15 ETF	2.29%	4.75%
JANU AllianzIM U.S. Equity Buffer15 Uncapped Jan ETF	8.05%	8.29%

Correlation

The correlation between QBSF and JANU 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 Jul 2, 2025	0.82

Return for Risk

QBSF vs. JANU — Risk / Return Rank

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

JANU

JANU Risk / Return Rank: 67
JANU Sharpe Ratio Rank: 65
JANU Sortino Ratio Rank: 65
JANU Omega Ratio Rank: 65
JANU Calmar Ratio Rank: 69
JANU Martin Ratio Rank: 72

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. JANU - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	QBSF	JANU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.85	1.31	+1.53

Drawdowns

QBSF vs. JANU - Drawdown Comparison

The maximum QBSF drawdown since its inception was -1.58%, smaller than the maximum JANU drawdown of -11.84%. Use the drawdown chart below to compare losses from any high point for QBSF and JANU.

Drawdown Indicators

	QBSF	JANU	Difference
Max Drawdown Largest peak-to-trough decline	-1.58%	-11.84%	+10.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.98%	—
Current Drawdown Current decline from peak	-0.20%	-0.51%	+0.31%
Average Drawdown Average peak-to-trough decline	-0.22%	-1.87%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.53%	—

Volatility

Volatility by Period

	QBSF	JANU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.74%	9.55%	-6.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.74%	11.43%	-8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.74%	11.43%	-8.69%

QBSF vs. JANU - Expense Ratio Comparison

QBSF has a 0.64% expense ratio, which is lower than JANU's 0.74% expense ratio.

Dividends

QBSF vs. JANU - Dividend Comparison

Neither QBSF nor JANU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QBSF and JANU in my portfolio?

QBSF and JANU 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, QBSF or JANU?

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 JANU?

QBSF is cheaper with a 0.64% expense ratio, compared with 0.74% for JANU.

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

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

What is the main difference between QBSF and JANU?

Their fees differ too: 0.64% for QBSF and 0.74% for JANU.