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Launched

AllianzIM U.S. Equity Buffer20 Jan ETF

JANWCboeAllianzIMC

$39.52−0.07 (−0.18%)

At close: Nov 2, 2026, 4:00 PM ET

C53/ 100

Rank 9 of 24 in S&P 500 Buffer 20%

C53/100Rank 9 of 24inS&P 500 Buffer 20%
Intraday session: down, 78 prints from 39.59 to 39.52. Range 39.52 to 39.77. Use the arrow keys to read each point.39.5539.6539.7039.7510 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$255M
1Y total return
+8.5%
Yield · Last 12 months
No data
Holdings
2
Avg volume · 30D
49.1K sh
52W range
low $35.89high $39.86
Launched

The ETF.net JANW Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
S&P 500 Buffer 20%⁠
Rank
9 of 24
Six-pillar profile for JANW. Scores out of 100: Cost 37, Risk 47, Mission not scored, Tradability 89, Holdings 52, Durability 69. Strongest: Tradability (89). Weakest: Cost (37). Based on 5 of 6 pillars.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D37 out of 100
    Rank 10 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 13 of 23

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A89 out of 100
    Rank 1 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C52 out of 100
    Rank 11 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 4 of 24

Our read on JANW

ETF.net Research

In short

CA 20% cushion on the S&P 500 that runs on the calendar. JANW resets every January 1 and settles December 31, trading away upside above a cap set at each reset in exchange for absorbing the first 20% of the reference ETF's decline.

Stated mandate

The Fund is designed to match the Underlying ETF’s share-price return through the outcome period up to a specified upside cap, while limiting downside losses with a 20% buffer before fees and expenses.

Why people hold it

  • The outcome period runs January 1 to December 31, so the hedge lines up with the calendar year instead of some odd mid-month anniversary.
  • A 20% buffer sits at the deep end of the category: it is designed to absorb the first 20% of the SPDR S&P 500 ETF Trust's price decline over the period, before fees.
  • AllianzIM runs the same Buffer20 structure with other start months (MAYW, JUNW, AUGW, DECW), so a January reset is a choice and laddering across months is possible.
  • Launched at the end of 2020, it has rolled through the reset cycle for years and holds a few hundred million in assets, not a launch-week experiment.

Worth knowing

  • Buffer and cap are period math, before fees. Buy mid-year and you get whatever cushion and upside remain, not the terms printed each January.
  • The 0.74% fee matches the deep-buffer median but runs above cohort peers PSFJ and PSFM at 0.49% and PBFR at 0.50%.
  • Thinly traded next to the biggest buffer funds, which can mean wider spreads, and it has not been paying distributions.

JANW Performance

Launched Dec 31, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
JANW$10,851
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. JANW $10,851. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for JANW. Periods over one year show the average yearly return.
PeriodJANW
Year to date+6.8%
1 month−0.4%
3 months+1.5%
1 year+8.5%
3 yearsper year+10.7%
5 yearsper year+8.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for JANW
YearReturn barJANW
2026 YTD+6.8%
2025+10.1%
2024+11.0%
2023+14.6%
2022−0.6%
2021+7.0%

History from Jan 4, 2021

JANW in the news

JANW Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

JANW Risk

Risk pillarC47 out of 100Rank 13 of 23 in S&P 500 Buffer 20%
How much the fund’s monthly returns vary, scaled to a year.
4.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.40
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−9.7%
Trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.35
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

JANW Cost

Compare JANW and PSFD

Overpaying vs PSFD, tied cheapest in S&P 500 Buffer 20%

$4,515

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JANW 0.74%

    $14,307

  • PSFD 0.49% Tied cheapest

    $9,792

$10,000
30 years

Cost over time

  • JANW 0.74%
  • PSFD 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530JANW $14,307PSFD $9,792

Year by year

YearJANWPSFDOverpaying
10$1,319$883$436
20$5,015$3,394$1,621
30$14,307$9,792$4,515

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