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ETFs

AllianzIM U.S. Large Cap Buffer20 Jan ETF

JANW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 31 2020
Expense Ratio
0.74%
Type
US Equities
Fund Owner
AllianzIM
Volume (1m avg. daily)
$956,871
AUM
$101,219,510
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
SPY 12/29/2023 2.87 C
101.53%
n/a
SPY 12/29/2023 382.47 P
0.68%
Cash&Other
Cash&Other
0.16%
n/a
SPY 12/29/2023 305.94 P
-0.11%
n/a
SPY 12/29/2023 441.71 C
-2.26%
Invest with JANW

What is JANW?

The AllianzIM U.S. Large Cap Buffer20 Jan ETF (the "Fund") seeks to match the returns of the S&P 500 Index up to a stated upside Cap, while providing a Buffer against the first 20% of the S&P 500 Index losses for the currently effective Outcome Period from January 1, 2021 to December 31, 2021.

ETFs related toJANW

ETFs correlated to JANW include GAUG, PJAN, DECZ

JANW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Jan ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
PJAN
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - January
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
FNOV
First Trust Exchange-Traded Fund VIII - First Trust Cboe Vest U.S. Equity Buffer ETF - November

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

JANW is a US Equities ETF. The AllianzIM U.S. Large Cap Buffer20 Jan ETF (the "Fund") seeks to match the returns of the S&P 500 Index up to a stated upside Cap, while providing a Buffer against the first 20% of the S&P 500 Index losses for the currently effective Outcome Period from January 1, 2021 to December 31, 2021.

JANW tracks the SPDR S&P 500 ETF Trust.

No, JANW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JANW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JANW is 0.0017%. This is the percent change in the value of JANW over the most recent 1-month period. The 3-month return on JANW is 0.0117%. This is the percent change in the value of JANW over the most recent 3-month period.

The standard deviation of JANW for the past year is 0.0688%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JANW include DAUG, FAUG, and FFEB.

ETFs correlated to JANW include GAUG, PJAN, and DECZ.

ETFs that are inversely correlated to JANW include SPDN, SPXU, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.