Data as of Oct 28, 2026.

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Across categories

JANU vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, JANU returned +8.0% to VOO's +13.7%, and VOO charges 0.03% to JANU's 0.74%.

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Net assets: $79m on Oct 27, 2026 for AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jan, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

At a glance
+8.0%
JANU total return, 1 year
+13.7%
VOO total return, 1 year
0.74%
JANU expense ratio
0.03%
VOO expense ratio

Pair scorecard

VOO costs 0.71 points a year less; their one-year returns differ by 5.7 points.

JANU vs VOO: Differences, Returns & Fees
MeasureJANUVOO
Return
Total return, 1 year+8.0%+13.7%
Drawdown
Index fall to the buffer11.7%
Fund price fall to the buffer9.1%
Benchmark
What it tracksSPYS&P 500 Index
The outcome period
Buffer left, in index points15.0% of 15.0%
Days left in the period64
Period endsDec 31, 2026
Cost and size
Expense ratio0.74%0.03%
Net assets, JANU as of Oct 27, 2026 and VOO as of Sep 30, 2026$79m$1.0tn
Holdings
Holdings in commonnot published
In the S&P 500, by weight100%
Top ten holdings, share of the fund39.1%

Method

Side by side

JANU AllianzIM U.S. Equity Buffer15 Uncapped ETF - Jan VOO Vanguard S&P 500 ETF
Where it sits Buffer ETF Stock ETF
What it is Defined outcome, 15% on SPY Tracks the S&P 500
Total return, 1 year +8.0% +13.7%
Its benchmark over the same days +12.4% (SPY) +13.7% (IVV)
Gap to its benchmark −4.4 pts vs SPY 0.0 pts vs IVV
Expense ratio 0.74% 0.03%
Holdings not read by ETFIQ 507
Net assets, JANU as of Oct 27, 2026 and VOO as of Sep 30, 2026 $79m $1.0tn

JANU and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
JANU

This fund has no cap. It takes a share of any further rise in SPY. The fund's price can fall 9.1% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.7% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's SPY level. 64 days remained on Oct 28, 2026. On Dec 31, 2026 the period ends and new terms are set.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Are JANU and VOO in the same category?
JANU is a buffer ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, JANU or VOO?
In the year to Oct 28, 2026, with distributions reinvested, JANU returned +8.0% and VOO +13.7%.
Which is cheaper, JANU or VOO?
VOO is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, JANU against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/janu-vs-voo

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