JANB vs. PMOC

Last updated Jun 24, 2026

JANB (Aptus January Buffer ETF) and PMOC (PGIM S&P 500 Max Buffer ETF - October) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. JANB charges 0.25%/yr vs 0.50%/yr for PMOC.

Performance

JANB vs. PMOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus January Buffer ETF (JANB) and PGIM S&P 500 Max Buffer ETF - October (PMOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANB achieves a 5.32% return, which is significantly higher than PMOC's 2.77% return.

JANB

• 1D: -0.50%
• 1M: -0.15%
• YTD: 5.32%
• 6M: 5.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMOC

• 1D: -0.15%
• 1M: 0.25%
• YTD: 2.77%
• 6M: 2.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANB vs. PMOC - Yearly Performance Comparison

	2026 (YTD)	2025
JANB Aptus January Buffer ETF	5.32%	2.76%
PMOC PGIM S&P 500 Max Buffer ETF - October	2.77%	1.04%

Correlation

The correlation between JANB and PMOC is 0.91, 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	0.91

Return for Risk

JANB vs. PMOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus January Buffer ETF (JANB) and PGIM S&P 500 Max Buffer ETF - October (PMOC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

JANB vs. PMOC - Drawdown Comparison

The maximum JANB drawdown since its inception was -6.52%, which is greater than PMOC's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for JANB and PMOC.

Drawdown Indicators

	JANB	PMOC	Difference
Max Drawdown Largest peak-to-trough decline	-6.52%	-1.50%	-5.02%
Current Drawdown Current decline from peak	-0.97%	-0.19%	-0.78%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.21%	-0.89%

Volatility

Volatility by Period

	JANB	PMOC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	7.51%	2.40%	+5.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.51%	2.40%	+5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.51%	2.40%	+5.11%

JANB vs. PMOC - Expense Ratio Comparison

JANB has a 0.25% expense ratio, which is lower than PMOC's 0.50% expense ratio.

Dividends

JANB vs. PMOC - Dividend Comparison

Neither JANB nor PMOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANB and PMOC in my portfolio?

With a correlation of 0.91, JANB and PMOC 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 ETF is better, JANB or PMOC?

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.

Which ETF is cheaper, JANB or PMOC?

JANB is cheaper with a 0.25% expense ratio, compared with 0.50% for PMOC.

Which ETF pays a higher dividend yield, JANB or PMOC?

JANB and PMOC have nearly identical dividend yields, around 0.00%.

What is the main difference between JANB and PMOC?

They also come from different issuers: Aptus Capital Advisors and PGIM. Their fees differ too: 0.25% for JANB and 0.50% for PMOC.