ZJUN vs. AIOO

Last updated Jun 23, 2026

ZJUN (Innovator Equity Defined Protection ETF - 1 Yr June) and AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) are both Defined Outcome funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. ZJUN charges 0.79%/yr vs 0.64%/yr for AIOO.

Performance

ZJUN vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZJUN achieves a 1.90% return, which is significantly lower than AIOO's 2.26% return.

ZJUN

• 1D: -0.07%
• 1M: -0.16%
• YTD: 1.90%
• 6M: 2.01%
• 1Y: 5.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIOO

• 1D: -0.04%
• 1M: 0.19%
• YTD: 2.26%
• 6M: 2.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZJUN vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
ZJUN Innovator Equity Defined Protection ETF - 1 Yr June	1.90%	2.95%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.26%	2.65%

Correlation

The correlation between ZJUN and AIOO is 0.67, 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 Jul 1, 2025	0.67

Return for Risk

ZJUN vs. AIOO — Risk / Return Rank

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

ZJUN

ZJUN Risk / Return Rank: 92
ZJUN Sharpe Ratio Rank: 89
ZJUN Sortino Ratio Rank: 93
ZJUN Omega Ratio Rank: 94
ZJUN Calmar Ratio Rank: 90
ZJUN Martin Ratio Rank: 95

AIOO

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.

ZJUN vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr June (ZJUN) 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.

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.

	ZJUN	AIOO	Difference
Sharpe ratio: Return per unit of total volatility	2.81	—	—
Sortino ratio: Return per unit of downside risk	4.36	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	5.32	—	—
Martin ratio: Return relative to average drawdown	28.32	—	—

Drawdowns

ZJUN vs. AIOO - Drawdown Comparison

The maximum ZJUN drawdown since its inception was -1.08%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for ZJUN and AIOO.

Drawdown Indicators

	ZJUN	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-1.08%	-0.74%	-0.34%
Max Drawdown (1Y) Largest decline over 1 year	-1.08%	—	—
Current Drawdown Current decline from peak	-0.51%	-0.21%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.10%	-0.18%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	—	—

Volatility

Volatility by Period

	ZJUN	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.04%	2.06%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.03%	2.06%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.03%	2.06%	-0.03%

ZJUN vs. AIOO - Expense Ratio Comparison

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

Dividends

ZJUN vs. AIOO - Dividend Comparison

Neither ZJUN nor AIOO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ZJUN and AIOO in my portfolio?

ZJUN and AIOO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZJUN or AIOO?

On fees, AIOO 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, ZJUN or AIOO?

AIOO is cheaper with a 0.64% expense ratio, compared with 0.79% for ZJUN.

Which ETF pays a higher dividend yield, ZJUN or AIOO?

ZJUN and AIOO have nearly identical dividend yields, around 0.00%.

What is the main difference between ZJUN and AIOO?

They also come from different issuers: Innovator and Allianz. Their fees differ too: 0.79% for ZJUN and 0.64% for AIOO.