JANP vs. DJAN

Last updated Jun 5, 2026

JANP (PGIM US Large-Cap Buffer 12 ETF - January) and DJAN (FT Cboe Vest U.S. Equity Deep Buffer ETF - January) are both Options Trading funds. Both are actively managed. Over the past year, JANP returned 17.90% vs 15.64% for DJAN. Their correlation of 0.92 suggests significant overlap in exposure. JANP charges 0.50%/yr vs 0.85%/yr for DJAN.

Performance

JANP vs. DJAN - Performance Comparison

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

Returns By Period

In the year-to-date period, JANP achieves a 6.28% return, which is significantly higher than DJAN's 5.04% return.

JANP

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

DJAN

• 1D: 0.19%
• 1M: 1.86%
• YTD: 5.04%
• 6M: 6.13%
• 1Y: 15.64%
• 3Y*: 12.57%
• 5Y*: 7.75%
• 10Y*: —

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

JANP vs. DJAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JANP PGIM US Large-Cap Buffer 12 ETF - January	6.28%	13.33%	15.74%
DJAN FT Cboe Vest U.S. Equity Deep Buffer ETF - January	5.04%	11.09%	13.08%

Correlation

The correlation between JANP and DJAN 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 Jan 3, 2024	0.92

The correlation between JANP and DJAN has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

JANP vs. DJAN — Risk / Return Rank

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

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

DJAN

DJAN Risk / Return Rank: 86
DJAN Sharpe Ratio Rank: 86
DJAN Sortino Ratio Rank: 90
DJAN Omega Ratio Rank: 90
DJAN Calmar Ratio Rank: 74
DJAN 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.

JANP vs. DJAN - 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 FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN). 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.

	JANP	DJAN	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.80	-0.14
Sortino ratio: Return per unit of downside risk	3.82	4.11	-0.29
Omega ratio: Gain probability vs. loss probability	1.55	1.58	-0.02
Calmar ratio: Return relative to maximum drawdown	3.38	3.68	-0.30
Martin ratio: Return relative to average drawdown	17.62	18.44	-0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANP vs. DJAN - Sharpe Ratio Comparison

The current JANP Sharpe Ratio is 2.66, which is comparable to the DJAN Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of JANP and DJAN, 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

	JANP	DJAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.80	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	1.16	+0.48

Drawdowns

JANP vs. DJAN - Drawdown Comparison

The maximum JANP drawdown since its inception was -12.18%, which is greater than DJAN's maximum drawdown of -9.57%. Use the drawdown chart below to compare losses from any high point for JANP and DJAN.

Drawdown Indicators

	JANP	DJAN	Difference
Max Drawdown Largest peak-to-trough decline	-12.18%	-9.57%	-2.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-4.27%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.33%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.57%	—
Current Drawdown Current decline from peak	-0.02%	-0.01%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.90%	-1.91%	+1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	0.85%	+0.17%

Volatility

JANP vs. DJAN - Volatility Comparison

PGIM US Large-Cap Buffer 12 ETF - January (JANP) has a higher volatility of 1.36% compared to FT Cboe Vest U.S. Equity Deep Buffer ETF - January (DJAN) at 0.96%. This indicates that JANP's price experiences larger fluctuations and is considered to be riskier than DJAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANP	DJAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	0.96%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	5.53%	4.26%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	6.76%	5.61%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.06%	7.01%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.06%	6.92%	+2.14%

JANP vs. DJAN - Expense Ratio Comparison

JANP has a 0.50% expense ratio, which is lower than DJAN's 0.85% expense ratio.

Dividends

JANP vs. DJAN - Dividend Comparison

Neither JANP nor DJAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANP and DJAN in my portfolio?

With a correlation of 0.94, JANP and DJAN 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, JANP or DJAN?

JANP has higher volatility (1.36%) compared to DJAN (0.96%). In terms of maximum drawdown, JANP dropped -12.18% vs DJAN's -9.57%.

Which ETF is better, JANP or DJAN?

On 1-year performance, JANP leads with 17.90% vs 15.64% for DJAN. On fees, JANP is cheaper at 0.50% per year. On volatility, DJAN has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JANP or DJAN?

Over the 1-year period, JANP has performed better with a 17.90% return vs 15.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANP or DJAN?

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

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

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

What is the main difference between JANP and DJAN?

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

Which has better risk-adjusted returns?

DJAN currently has the higher Sharpe Ratio (2.80 vs 2.66), 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.