Which resets first, JANI or QBIV?

JANI ends its outcome period on Dec 31, 2026 and QBIV on Dec 31, 2026. A new cap is set the day after each.

Which is cheaper, JANI or QBIV?

JANI charges 0.79% a year and QBIV charges 0.74%, so QBIV is cheaper. Fees come from each fund's prospectus.

JANI vs QBIV: which one stands where?

As of Oct 1, 2026 JANI can fall 2.6% before its buffer engages and QBIV 0.2%. AllianzIM International Equity Buffer15 Uncapped ETF - Jan and AllianzIM International Equity Buffer5 ETF - Jan.

2.6%

JANI can fall this far before its buffer

0.2%

QBIV can fall this far before its buffer

uncapped

JANI can still gain

5.8%

QBIV can still gain

JANINo cap

JANI: reference +3.1% since period start, fund +1.9%; buffer 0 to −15; no cap; No cap.

QBIVBetween buffer and cap

QBIV: reference 0.0% since period start, fund 0.0%; buffer 0 to −5; cap +6.0%; Between buffer and cap.

ETFIQ Downside Cover Score · JANI scores higherIf the market falls into a bear market from here, how much does the buffer absorb?

JANI 83.8

QBIV 1.5

0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Both are AllianzIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

JANI resets first, on Dec 31, 2026, 92 days from now; QBIV runs to Dec 31, 2026, 92 days. A fall from here reaches JANI’s buffer after 2.6% and QBIV’s after 0.2%. Both track EFA, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

	Total return		Gap to the reference
Window	JANI	QBIV	JANI	QBIV
3 months	−0.4%	0.0%	−1.2 pts	−0.8 pts
6 months	+2.9%	+5.1%	−4.1 pts	−1.9 pts

JANI and QBIV over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

JANI

AllianzIM International Equity Buffer15 Uncapped ETF - Jan · Absorbs the first 15% of loss on EFA and does not cap the gain, over a period ending Dec 31, 2026

QBIV

AllianzIM International Equity Buffer5 ETF - Jan · Absorbs the first 5% of loss on EFA and caps the gain at 6.0%, over a period ending Dec 31, 2026

Issuer AllianzIM AllianzIM

Reference index EFA EFA

Buffer 15% 5%

Outcome period Feb 1, 2026 to Dec 31, 2026 Oct 1, 2026 to Dec 31, 2026

Days left 92 92

Starting cap uncapped +6.0%

Can still gain uncapped 5.8%

Fall before buffer 2.6% 0.2%

Protection left, index points 15.0% of 15.0% 5.0% of 5.0%

Index return this period +3.1% 0.0%

Fund return this period +1.9% 0.0%

State today Uncapped Open

Expense ratio 0.79% 0.74%

Net assets $24m $8m

JANI and QBIV on the same fields, as of Oct 1, 2026. Source: ETFIQ.

JANI in plain words

This fund has no cap. It takes a share of any further rise in EFA. The fund's price can fall 2.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EFA can fall 3.0% 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 EFA level. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

QBIV in plain words

From its price on Oct 1, 2026, the fund can gain about 5.8% more before it reaches its cap. The fund's price can fall 0.2% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EFA can fall 0.0% from today's level to the point where the buffer begins. Protection left, in index points: 5.0% of the 5.0% buffer still sits below today's EFA level.

Questions people ask

Which resets first, JANI or QBIV?: JANI ends its outcome period on Dec 31, 2026 and QBIV on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, JANI or QBIV?: JANI charges 0.79% a year and QBIV charges 0.74%, so QBIV is cheaper. Fees come from each fund's prospectus.

Other comparisons

JANI vs QBIF JANI vs IBUF JANI vs YDEC JANI vs IJAN QBIV vs IBUF QBIV vs YSEP QBIV vs QBIF QBIV vs YDEC

iShares® MSCI EAFE ETF →JANI on its own →QBIV on its own →How every figure is computed →Standards and sources →

Where these figures came from

JANI and QBIV filings on SEC EDGAR ↗AllianzIM page for JANI ↗AllianzIM page for QBIV ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, JANI against QBIV, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/jani-vs-qbiv

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.