GJAN vs. FFEB

Last updated Jun 23, 2026

GJAN (FT Vest U.S. Equity Moderate Buffer ETF - January) and FFEB (FT Vest U.S. Equity Buffer ETF - February) are both Defined Outcome funds from FT Vest. GJAN is passively managed, while FFEB is actively managed. Over the past 3 years, GJAN returned 11.75%/yr vs 15.80%/yr for FFEB. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

GJAN vs. FFEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN) and FT Vest U.S. Equity Buffer ETF - February (FFEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GJAN achieves a 4.88% return, which is significantly lower than FFEB's 7.48% return.

GJAN

• 1D: -0.13%
• 1M: 0.27%
• YTD: 4.88%
• 6M: 5.01%
• 1Y: 14.69%
• 3Y*: 11.75%
• 5Y*: —
• 10Y*: —

FFEB

• 1D: -0.21%
• 1M: 0.39%
• YTD: 7.48%
• 6M: 7.57%
• 1Y: 19.35%
• 3Y*: 15.80%
• 5Y*: 11.01%
• 10Y*: —

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

GJAN vs. FFEB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GJAN FT Vest U.S. Equity Moderate Buffer ETF - January	4.88%	10.71%	12.09%	13.83%
FFEB FT Vest U.S. Equity Buffer ETF - February	7.48%	13.76%	16.64%	17.07%

Correlation

The correlation between GJAN and FFEB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023	0.90

The correlation between GJAN and FFEB has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

GJAN vs. FFEB - Sectors Allocation Comparison

Sectors	GJAN	FFEB
Technology	39.0%	39.0%
Financial Services	11.1%	11.1%
Communication Services	10.6%	10.6%
Consumer Cyclical	9.9%	9.9%
Healthcare	8.3%	8.3%
Industrials	7.8%	7.8%
Consumer Defensive	4.5%	4.5%
Energy	3.1%	3.1%
Utilities	2.1%	2.1%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.7%

Return for Risk

GJAN vs. FFEB — Risk / Return Rank

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

GJAN

GJAN Risk / Return Rank: 80
GJAN Sharpe Ratio Rank: 82
GJAN Sortino Ratio Rank: 86
GJAN Omega Ratio Rank: 87
GJAN Calmar Ratio Rank: 65
GJAN Martin Ratio Rank: 82

FFEB

FFEB Risk / Return Rank: 84
FFEB Sharpe Ratio Rank: 86
FFEB Sortino Ratio Rank: 88
FFEB Omega Ratio Rank: 89
FFEB Calmar Ratio Rank: 70
FFEB Martin Ratio Rank: 87

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.

GJAN vs. FFEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN) and FT Vest U.S. Equity Buffer ETF - February (FFEB). 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.

	GJAN	FFEB	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.69	-0.17
Sortino ratio: Return per unit of downside risk	3.68	3.86	-0.18
Omega ratio: Gain probability vs. loss probability	1.52	1.54	-0.02
Calmar ratio: Return relative to maximum drawdown	3.13	3.39	-0.26
Martin ratio: Return relative to average drawdown	16.13	17.79	-1.66

GJAN vs. FFEB - Sharpe Ratio Comparison

The current GJAN Sharpe Ratio is 2.52, which is comparable to the FFEB Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of GJAN and FFEB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GJAN vs. FFEB - Drawdown Comparison

The maximum GJAN drawdown since its inception was -10.60%, smaller than the maximum FFEB drawdown of -23.14%. Use the drawdown chart below to compare losses from any high point for GJAN and FFEB.

Drawdown Indicators

	GJAN	FFEB	Difference
Max Drawdown Largest peak-to-trough decline	-10.60%	-23.14%	+12.54%
Max Drawdown (1Y) Largest decline over 1 year	-4.71%	-5.73%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-10.60%	-11.89%	+1.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.85%	—
Current Drawdown Current decline from peak	-0.36%	-0.46%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.78%	-2.41%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	1.09%	-0.18%

Volatility

GJAN vs. FFEB - Volatility Comparison

The current volatility for FT Vest U.S. Equity Moderate Buffer ETF - January (GJAN) is 1.63%, while FT Vest U.S. Equity Buffer ETF - February (FFEB) has a volatility of 2.20%. This indicates that GJAN experiences smaller price fluctuations and is considered to be less risky than FFEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GJAN	FFEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.63%	2.20%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	4.86%	5.88%	-1.02%
Volatility (1Y) Calculated over the trailing 1-year period	5.88%	7.25%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.60%	10.83%	-3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.60%	13.72%	-6.12%

GJAN vs. FFEB - Expense Ratio Comparison

Both GJAN and FFEB have an expense ratio of 0.85%.

Dividends

GJAN vs. FFEB - Dividend Comparison

Neither GJAN nor FFEB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GJAN and FFEB in my portfolio?

With a correlation of 0.94, GJAN and FFEB 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, GJAN or FFEB?

FFEB has higher volatility (2.20%) compared to GJAN (1.63%). In terms of maximum drawdown, GJAN dropped -10.60% vs FFEB's -23.14%.

Which ETF is better, GJAN or FFEB?

On 3-year performance, FFEB leads with 15.80% vs 11.75% for GJAN. Both ETFs have the same 0.85% expense ratio. On volatility, GJAN has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GJAN or FFEB?

Over the 3-year period, FFEB has performed better with a 15.80% return vs 11.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GJAN or FFEB?

GJAN and FFEB have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, GJAN or FFEB?

GJAN and FFEB have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

FFEB currently has the higher Sharpe Ratio (2.69 vs 2.52), 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.