JANP vs. APRP
JANP (PGIM US Large-Cap Buffer 12 ETF - January) and APRP (PGIM US Large-Cap Buffer 12 ETF - April) are both Options Trading funds from PGIM. Both are actively managed. Over the past year, JANP returned 17.60% vs 17.66% for APRP. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
JANP vs. APRP - Performance Comparison
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Returns By Period
In the year-to-date period, JANP achieves a 5.97% return, which is significantly lower than APRP's 9.31% return.
JANP
- 1D
- -0.24%
- 1M
- 0.98%
- YTD
- 5.97%
- 6M
- 6.17%
- 1Y
- 17.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRP
- 1D
- -0.08%
- 1M
- 0.89%
- YTD
- 9.31%
- 6M
- 9.51%
- 1Y
- 17.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JANP vs. APRP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JANP PGIM US Large-Cap Buffer 12 ETF - January | 5.97% | 13.33% | 9.12% |
APRP PGIM US Large-Cap Buffer 12 ETF - April | 9.31% | 7.80% | 10.06% |
Correlation
The correlation between JANP and APRP 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 (All Time) Calculated using the full available price history since Apr 1, 2024 | 0.92 |
The correlation between JANP and APRP has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
JANP vs. APRP — Risk / Return Rank
JANP
APRP
JANP vs. APRP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM US Large-Cap Buffer 12 ETF - January (JANP) and PGIM US Large-Cap Buffer 12 ETF - April (APRP). 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.
| JANP | APRP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.98 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 12.58 | -9.25 |
| Martin ratioReturn relative to average drawdown | 17.11 | 64.06 | -46.95 |
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Drawdowns
JANP vs. APRP - Drawdown Comparison
The maximum JANP drawdown since its inception was -12.18%, smaller than the maximum APRP drawdown of -13.66%. Use the drawdown chart below to compare losses from any high point for JANP and APRP.
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Drawdown Indicators
| JANP | APRP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.18% | -13.66% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.32% | -1.41% | -3.91% |
Current DrawdownCurrent decline from peak | -0.31% | -0.25% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -1.22% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.28% | +0.75% |
Volatility
JANP vs. APRP - Volatility Comparison
PGIM US Large-Cap Buffer 12 ETF - January (JANP) has a higher volatility of 2.24% compared to PGIM US Large-Cap Buffer 12 ETF - April (APRP) at 1.81%. This indicates that JANP's price experiences larger fluctuations and is considered to be riskier than APRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JANP | APRP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 1.81% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 5.84% | 3.70% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.92% | 4.46% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.06% | 9.44% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.06% | 9.44% | -0.38% |
JANP vs. APRP - Expense Ratio Comparison
Both JANP and APRP have an expense ratio of 0.50%.
Dividends
JANP vs. APRP - Dividend Comparison
Neither JANP nor APRP has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, JANP and APRP 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.
JANP has higher volatility (2.24%) compared to APRP (1.81%). In terms of maximum drawdown, JANP dropped -12.18% vs APRP's -13.66%.
On 1-year performance, APRP leads with 17.66% vs 17.60% for JANP. Both ETFs have the same 0.50% expense ratio. On volatility, APRP has been the lower-risk option at 1.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, APRP has performed better with a 17.66% return vs 17.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JANP and APRP have the same expense ratio: 0.50% per year.
JANP and APRP have nearly identical dividend yields, around 0.00%.
APRP currently has the higher Sharpe Ratio (3.98 vs 2.56), 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.
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