DECP vs. JANB
DECP (PGIM S&P 500 Buffer 12 ETF - December) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. DECP charges 0.50%/yr vs 0.25%/yr for JANB.
Performance
DECP vs. JANB - Performance Comparison
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Returns By Period
In the year-to-date period, DECP achieves a 5.59% return, which is significantly higher than JANB's 5.19% return.
DECP
- 1D
- 0.07%
- 1M
- -0.60%
- YTD
- 5.59%
- 6M
- 4.92%
- 1Y
- 17.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANB
- 1D
- -0.05%
- 1M
- -0.52%
- YTD
- 5.19%
- 6M
- 5.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DECP vs. JANB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DECP PGIM S&P 500 Buffer 12 ETF - December | 5.59% | 3.91% |
JANB Aptus January Buffer ETF | 5.19% | 2.76% |
Correlation
The correlation between DECP and JANB is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.92 |
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Return for Risk
DECP vs. JANB — Risk / Return Rank
DECP
JANB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DECP vs. JANB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - December (DECP) and Aptus January Buffer ETF (JANB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DECP | JANB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | — | — |
| Martin ratioReturn relative to average drawdown | 15.30 | — | — |
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Drawdowns
DECP vs. JANB - Drawdown Comparison
The maximum DECP drawdown since its inception was -12.12%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for DECP and JANB.
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Drawdown Indicators
| DECP | JANB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -6.52% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -1.10% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -1.10% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | — | — |
Volatility
DECP vs. JANB - Volatility Comparison
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Volatility by Period
| DECP | JANB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.15% | 7.47% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.90% | 7.47% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.90% | 7.47% | +2.43% |
DECP vs. JANB - Expense Ratio Comparison
DECP has a 0.50% expense ratio, which is higher than JANB's 0.25% expense ratio.
Dividends
DECP vs. JANB - Dividend Comparison
Neither DECP nor JANB has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, DECP and JANB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JANB is cheaper with a 0.25% expense ratio, compared with 0.50% for DECP.
DECP and JANB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: PGIM and Aptus Capital Advisors. Their fees differ too: 0.50% for DECP and 0.25% for JANB.
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