JANP vs. GOCT

Last updated Jun 4, 2026

JANP (PGIM US Large-Cap Buffer 12 ETF - January) and GOCT (FT Cboe Vest U.S. Equity Moderate Buffer ETF - October) are both Options Trading funds. Both are actively managed. Over the past year, JANP returned 17.69% vs 16.05% for GOCT. Their correlation of 0.89 suggests significant overlap in exposure. JANP charges 0.50%/yr vs 0.85%/yr for GOCT.

Performance

JANP vs. GOCT - 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 Moderate Buffer ETF - October (GOCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANP achieves a 6.08% return, which is significantly higher than GOCT's 5.42% return.

JANP

• 1D: -0.20%
• 1M: 2.35%
• YTD: 6.08%
• 6M: 7.23%
• 1Y: 17.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOCT

• 1D: -0.13%
• 1M: 1.91%
• YTD: 5.42%
• 6M: 5.72%
• 1Y: 16.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANP vs. GOCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JANP PGIM US Large-Cap Buffer 12 ETF - January	6.08%	13.33%	15.74%
GOCT FT Cboe Vest U.S. Equity Moderate Buffer ETF - October	5.42%	12.29%	8.35%

Correlation

The correlation between JANP and GOCT is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Jan 3, 2024	0.89

The correlation between JANP and GOCT has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

Return for Risk

JANP vs. GOCT — Risk / Return Rank

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

JANP

JANP Risk / Return Rank: 81
JANP Sharpe Ratio Rank: 81
JANP Sortino Ratio Rank: 85
JANP Omega Ratio Rank: 88
JANP Calmar Ratio Rank: 68
JANP Martin Ratio Rank: 84

GOCT

GOCT Risk / Return Rank: 83
GOCT Sharpe Ratio Rank: 82
GOCT Sortino Ratio Rank: 87
GOCT Omega Ratio Rank: 87
GOCT Calmar Ratio Rank: 74
GOCT 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. GOCT - 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 Moderate Buffer ETF - October (GOCT). 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	GOCT	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.67	-0.04
Sortino ratio: Return per unit of downside risk	3.78	3.93	-0.15
Omega ratio: Gain probability vs. loss probability	1.55	1.54	+0.01
Calmar ratio: Return relative to maximum drawdown	3.34	3.66	-0.32
Martin ratio: Return relative to average drawdown	17.41	18.29	-0.88
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. GOCT - Sharpe Ratio Comparison

The current JANP Sharpe Ratio is 2.63, which is comparable to the GOCT Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of JANP and GOCT, 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	GOCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.67	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	1.71	-0.08

Drawdowns

JANP vs. GOCT - Drawdown Comparison

The maximum JANP drawdown since its inception was -12.18%, which is greater than GOCT's maximum drawdown of -10.47%. Use the drawdown chart below to compare losses from any high point for JANP and GOCT.

Drawdown Indicators

	JANP	GOCT	Difference
Max Drawdown Largest peak-to-trough decline	-12.18%	-10.47%	-1.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-4.40%	-0.92%
Current Drawdown Current decline from peak	-0.20%	-0.13%	-0.07%
Average Drawdown Average peak-to-trough decline	-0.90%	-0.70%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	0.88%	+0.14%

Volatility

JANP vs. GOCT - Volatility Comparison

PGIM US Large-Cap Buffer 12 ETF - January (JANP) has a higher volatility of 1.39% compared to FT Cboe Vest U.S. Equity Moderate Buffer ETF - October (GOCT) at 0.79%. This indicates that JANP's price experiences larger fluctuations and is considered to be riskier than GOCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANP	GOCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	0.79%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	5.52%	4.72%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	6.77%	6.05%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.07%	7.45%	+1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.07%	7.45%	+1.62%

JANP vs. GOCT - Expense Ratio Comparison

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

Dividends

JANP vs. GOCT - Dividend Comparison

Neither JANP nor GOCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANP and GOCT in my portfolio?

With a correlation of 0.95, JANP and GOCT 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 GOCT?

JANP has higher volatility (1.39%) compared to GOCT (0.79%). In terms of maximum drawdown, JANP dropped -12.18% vs GOCT's -10.47%.

Which ETF is better, JANP or GOCT?

On 1-year performance, JANP leads with 17.69% vs 16.05% for GOCT. On fees, JANP is cheaper at 0.50% per year. On volatility, GOCT has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JANP or GOCT?

Over the 1-year period, JANP has performed better with a 17.69% return vs 16.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANP or GOCT?

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

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

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

What is the main difference between JANP and GOCT?

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

Which has better risk-adjusted returns?

GOCT currently has the higher Sharpe Ratio (2.67 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.