TrueShares Structured Outcome (January) ETF (JANZ) Performance
JANZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.5% since Dec 31, 2025
- 1 year
- +9.8% total return
- 5 years
- +9.5% a year
- Since first price
- +11.2% a year since 2021
JANZ trailing returns vs SPY, QQQ, AGG
| Period | JANZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.2% | +2.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.4% | +5.4% | +7.8% | +8.4% | −1.5% |
| YTD | +8.5% | +8.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.8% | +8.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +59.0%+16.7%/yr | +49.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +57.7%+9.5%/yr | +41.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 4, 2021 | +84.8%+11.2%/yr | +65.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JANZ vs SPY
From Jan 4, 2021: JANZ grew to $18,476, SPY to $22,248.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JANZ returns by calendar year
3 of 4 full years positive. Best 2023 (+19.1%), worst 2022 (−11.4%). 2026 is year to date.
JANZ annual returns table
| Year | JANZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.5% | −6.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.5% | −14.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +18.1% | −6.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +19.1% | −7.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.4% | −17.9% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JANZ largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 29, 2021 | −18.1% | Oct 12, 2022 | Jul 18, 2023 | 9 months | 1.5 years |
| Feb 19, 2025 | −14.3% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JANZ risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +16.4% | +10.6% | +11.5% |
| Volatility (annualized) | 9.4% | 12.2% | 11.8% |
| Sharpe ratio | 1.22 | 0.59 | 0.72 |
| Sortino ratio | 2.47 | 0.94 | 1.15 |
| Best month | +7.7% | +7.7% | +7.7% |
| Worst month | −3.8% | −8.1% | −8.1% |
| Best 12 months | +27.8% | +27.8% | +27.8% |
| Worst 12 months | +6.2% | −11.4% | −11.4% |
| Positive months | 64% | 60% | 63% |
| Beta vs S&P 500 | 0.75 | 0.77 | — |
| Correlation with S&P 500 | 1.00 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JANZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 58 | −11.4% | +11.7% | +27.8% | 83% |
| 3-year (a year) | 34 | +6.8% | +11.8% | +18.5% | 100% |
| 5-year (a year) | 10 | +9.2% | +10.1% | +11.4% | 100% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
JANZ performance overview
TrueShares Structured Outcome (January) ETF (JANZ) returned +9.8% over the past year and +9.5% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +11.2% a year, turning $10,000 into about $18,476. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.1%, from Dec 29, 2021 to Oct 12, 2022, and it took 9 months to get back to the old high. JANZ finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+19.1%) and the worst 2022 (−11.4%). Volatility has been 11.8% a year.
Related: JANZ chart, JANZ dividends. See the JANZ overview for the latest quote and fund facts.
JANZ performance FAQ
What is the JANZ return over the past year?
JANZ returned +9.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.3%.
What is the average annual return of JANZ?
JANZ has returned +9.5% a year over 5 years, +11.2% a year since January 4, 2021 (total return, distributions reinvested).
How much would $10,000 invested in JANZ be worth?
$10,000 invested in JANZ at its first recorded close on January 4, 2021 would be worth about $18,476 on October 23, 2026 with distributions reinvested.
What was the worst year for JANZ?
The worst calendar year was 2022, with a total return of −11.4%. The best was 2023 at +19.1%.
What is the biggest drawdown of JANZ?
The largest peak-to-trough decline was −18.1% between December 29, 2021 and October 12, 2022. It recovered to the old high on July 18, 2023, 9 months after the bottom.
How volatile is JANZ?
Over the past 3 years JANZ had an annualized volatility of 9.4% and a Sharpe ratio of 1.22 (excess return over 1–3 month T-bills per unit of risk).