JANI vs QBIF

JANICAllianzIM International Equity Buffer15 Uncapped Jan ETF

QBIFBAllianzIM International Equity Buffer15 ETF

In short

JANI Most buffer ETFs cap your upside. JANI swaps the cap for a spread: it buffers the first 15% of losses on developed-market stocks, then participates in whatever the reference ETF returns above a set hurdle, with no ceiling on top.

QBIF —No data

Stated mandate

JANI At the end of the current Outcome Period, the Fund seeks returns above the Spread when the iShares MSCI EAFE ETF has positive returns exceeding the Spread, while buffering its first 15% of losses.

QBIF —No data

Why people hold it

• JANI No cap. Once the reference ETF clears the spread, JANI is designed to keep participating, unlike buffer funds that stop at a stated ceiling.
• 0.79% expense ratio, below the 0.85% charged by the Innovator international buffer funds (IJUL, IMAR, IAPR) it competes with.
• Points the buffer at developed international equities, keyed to the iShares MSCI EAFE ETF, rather than the crowded S&P 500 version of this trade.
• Standard 1940 Act fund structure holding an options basket on the reference ETF, not a note backed by a bank's credit.

QBIF —No data

Worth knowing

• JANI The spread is the price of no cap: gains below that hurdle don't reach you, so a mildly positive year for EAFE can land close to flat.
• The 15% buffer is measured across the full outcome period. Buy in mid-period and your actual cushion and upside differ from the headline terms.
• Launched in 2026, small and thinly traded so far, which can widen bid-ask spreads. It hasn't paid distributions.

QBIF —No data

Full JANI profile⁠

Full QBIF profile⁠