TFJL vs. AIOO

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO).

TFJL and AIOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFJL is an actively managed fund by Innovator. It was launched on Aug 17, 2020. AIOO is an actively managed fund by Allianz. It was launched on Jun 30, 2025.

Performance

TFJL vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

TFJL vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly	-0.83%	-1.32%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	-0.07%	2.67%

Returns By Period

In the year-to-date period, TFJL achieves a -0.83% return, which is significantly lower than AIOO's -0.07% return.

TFJL

• 1D: -0.47%
• 1M: -3.40%
• YTD: -0.83%
• 6M: -2.91%
• 1Y: -5.99%
• 3Y*: -2.44%
• 5Y*: -3.58%
• 10Y*: —

AIOO

• 1D: -0.08%
• 1M: -0.35%
• YTD: -0.07%
• 6M: 0.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TFJL vs. AIOO - Expense Ratio Comparison

TFJL has a 0.79% expense ratio, which is higher than AIOO's 0.64% expense ratio.

TFJL

Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly

AIOO

AllianzIM U.S. Equity Buffer100 Protection ETF

Return for Risk

TFJL vs. AIOO — Risk / Return Rank

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

TFJL

TFJL Risk / Return Rank: 3
TFJL Sharpe Ratio Rank: 2
TFJL Sortino Ratio Rank: 2
TFJL Omega Ratio Rank: 2
TFJL Calmar Ratio Rank: 2
TFJL Martin Ratio Rank: 4

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.

TFJL vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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.

	TFJL	AIOO	Difference
Sharpe ratio Return per unit of total volatility	-0.70	—	—
Sortino ratio Return per unit of downside risk	-0.93	—	—
Omega ratio Gain probability vs. loss probability	0.90	—	—
Calmar ratio Return relative to maximum drawdown	-0.65	—	—
Martin ratio Return relative to average drawdown	-0.98	—	—
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

	TFJL	AIOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.70	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	1.76	-2.22

Correlation

The correlation between TFJL and AIOO is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TFJL vs. AIOO - Dividend Comparison

Neither TFJL nor AIOO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TFJL vs. AIOO - Drawdown Comparison

The maximum TFJL drawdown since its inception was -25.45%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for TFJL and AIOO.

Drawdown Indicators

	TFJL	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-25.45%	-0.74%	-24.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.45%	—	—
Current Drawdown Current decline from peak	-21.64%	-0.52%	-21.12%
Average Drawdown Average peak-to-trough decline	-14.79%	-0.19%	-14.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	—	—

Volatility

Volatility by Period

	TFJL	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	1.98%	+6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.29%	1.98%	+7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.10%	1.98%	+7.12%