Data as of Nov 4, 2026.
JANT vs ZJAN: Cap, Buffer & Days Left
As of Nov 4, 2026 JANT can fall 10.4% before its buffer engages and ZJAN 5.0%.
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Net assets: $55m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan, and $106m on Nov 4, 2026 for Innovator Equity Defined Protection ETF - 1 Yr January.
JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.
JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.ZJAN: reference +12.4% since period start, fund +4.6%; buffer Floor; cap +6.5%; At its cap. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
JANT costs 0.05 points a year less; their one-year returns differ by 7.8 points; ZJAN is 1.9 times larger.
Points (pts) are percentage points.
| Measure | JANT | ZJAN |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.6% | +5.8% |
| Drawdown | ||
| Index fall to the buffer | 11.1% | 11.0% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.74% | 0.79% |
| Net assets, as of Nov 3, 2026 | $55m | $106m |
| Holdings | ||
| Holdings in common | not published | |
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | JANT | ZJAN | JANT | ZJAN |
| 3 months | +1.4% | +1.2% | +1.8 pts | +1.6 pts |
| 6 months | +5.2% | +2.6% | +0.7 pts | −1.9 pts |
| 1 year | +13.6% | +5.8% | 0.0 pts | −7.8 pts |
| 3 years | +59.7% | – | −16.7 pts | – |
| Since launchNot the same days: JANT Jan 2021 · ZJAN Jan 2025 | +83.6% | +11.6% | −24.3 pts | −19.6 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
These are two different products. ZJAN is a floor fund, which caps how far a holder can fall. JANT is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.
ZJAN is already at its cap, so more rise in the index adds nothing to it before the period ends.
Where each one stands today
JANT resets first, on Dec 31, 2026, 57 days from now; ZJAN runs to Dec 31, 2026, 57 days. JANT can still gain 3.8% before its cap, ZJAN 1.2%. A fall from here reaches JANT’s buffer after 10.4% and ZJAN’s after 5.0%. Both track SPY, so what separates them is where each is in its own period.
JANT
From its price on Nov 4, 2026, the fund can gain about 3.8% more before it reaches its cap. The fund's price can fall 10.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.1% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.
ZJAN
SPY had already risen past this fund's cap of +6.5% for the period on Nov 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 1.2% as the period runs out. The fund's price can fall 5.0% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.0% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.
Questions people ask
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How this is computed
ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, JANT against ZJAN, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/jant-vs-zjan
ETFIQ. (Nov 4, 2026). JANT against ZJAN. Retrieved from https://etfiq.com/compare/buffer/jant-vs-zjan
[JANT against ZJAN (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/jant-vs-zjan)
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