FJUL vs. JANP

Last updated Jun 5, 2026

FJUL (FT Cboe Vest U.S. Equity Buffer ETF - July) and JANP (PGIM US Large-Cap Buffer 12 ETF - January) are both Options Trading funds. FJUL is passively managed, while JANP is actively managed. Over the past year, FJUL returned 18.52% vs 17.90% for JANP. Their correlation of 0.94 suggests significant overlap in exposure. FJUL charges 0.85%/yr vs 0.50%/yr for JANP.

Performance

FJUL vs. JANP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) and PGIM US Large-Cap Buffer 12 ETF - January (JANP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJUL achieves a 5.95% return, which is significantly lower than JANP's 6.28% return.

FJUL

• 1D: 0.12%
• 1M: 1.72%
• YTD: 5.95%
• 6M: 6.62%
• 1Y: 18.52%
• 3Y*: 16.57%
• 5Y*: 11.43%
• 10Y*: —

JANP

• 1D: 0.18%
• 1M: 2.17%
• YTD: 6.28%
• 6M: 7.29%
• 1Y: 17.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FJUL vs. JANP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FJUL FT Cboe Vest U.S. Equity Buffer ETF - July	5.95%	14.19%	18.28%
JANP PGIM US Large-Cap Buffer 12 ETF - January	6.28%	13.33%	15.74%

Correlation

The correlation between FJUL and JANP is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 3, 2024	0.94

The correlation between FJUL and JANP has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

FJUL vs. JANP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FJUL

FJUL Risk / Return Rank: 83
FJUL Sharpe Ratio Rank: 82
FJUL Sortino Ratio Rank: 86
FJUL Omega Ratio Rank: 87
FJUL Calmar Ratio Rank: 74
FJUL Martin Ratio Rank: 88

JANP

JANP Risk / Return Rank: 82
JANP Sharpe Ratio Rank: 83
JANP Sortino Ratio Rank: 86
JANP Omega Ratio Rank: 89
JANP Calmar Ratio Rank: 69
JANP Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FJUL vs. JANP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) and PGIM US Large-Cap Buffer 12 ETF - January (JANP). 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.

	FJUL	JANP	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.66	-0.03
Sortino ratio: Return per unit of downside risk	3.81	3.82	-0.01
Omega ratio: Gain probability vs. loss probability	1.52	1.55	-0.03
Calmar ratio: Return relative to maximum drawdown	3.65	3.38	+0.27
Martin ratio: Return relative to average drawdown	19.15	17.62	+1.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FJUL vs. JANP - Sharpe Ratio Comparison

The current FJUL Sharpe Ratio is 2.63, which is comparable to the JANP Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of FJUL and JANP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FJUL	JANP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.66	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	1.63	-0.50

Drawdowns

FJUL vs. JANP - Drawdown Comparison

The maximum FJUL drawdown since its inception was -13.08%, which is greater than JANP's maximum drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for FJUL and JANP.

Drawdown Indicators

	FJUL	JANP	Difference
Max Drawdown Largest peak-to-trough decline	-13.08%	-12.18%	-0.90%
Max Drawdown (1Y) Largest decline over 1 year	-5.10%	-5.32%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-13.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.08%	—	—
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-1.87%	-0.90%	-0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	1.02%	-0.05%

Volatility

FJUL vs. JANP - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Buffer ETF - July (FJUL) is 0.69%, while PGIM US Large-Cap Buffer 12 ETF - January (JANP) has a volatility of 1.36%. This indicates that FJUL experiences smaller price fluctuations and is considered to be less risky than JANP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJUL	JANP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	1.36%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	5.12%	5.53%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	7.08%	6.76%	+0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.95%	9.06%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.56%	9.06%	+1.50%

FJUL vs. JANP - Expense Ratio Comparison

FJUL has a 0.85% expense ratio, which is higher than JANP's 0.50% expense ratio.

Dividends

FJUL vs. JANP - Dividend Comparison

Neither FJUL nor JANP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FJUL and JANP in my portfolio?

With a correlation of 0.95, FJUL and JANP 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.

Which is riskier, FJUL or JANP?

JANP has higher volatility (1.36%) compared to FJUL (0.69%). In terms of maximum drawdown, FJUL dropped -13.08% vs JANP's -12.18%.

Which ETF is better, FJUL or JANP?

On 1-year performance, FJUL leads with 18.52% vs 17.90% for JANP. On fees, JANP is cheaper at 0.50% per year. On volatility, FJUL has been the lower-risk option at 0.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FJUL or JANP?

Over the 1-year period, FJUL has performed better with a 18.52% return vs 17.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FJUL or JANP?

JANP is cheaper with a 0.50% expense ratio, compared with 0.85% for FJUL.

Which ETF pays a higher dividend yield, FJUL or JANP?

FJUL and JANP have nearly identical dividend yields, around 0.00%.

What is the main difference between FJUL and JANP?

They also come from different issuers: FT Vest and PGIM. Their fees differ too: 0.85% for FJUL and 0.50% for JANP.

Which has better risk-adjusted returns?

JANP currently has the higher Sharpe Ratio (2.66 vs 2.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.