JANP vs. OCTT

Last updated Jun 25, 2026

JANP (PGIM US Large-Cap Buffer 12 ETF - January) and OCTT (AllianzIM U.S. Large Cap Buffer10 Oct ETF) are both Options Trading funds. Both are actively managed. Over the past year, JANP returned 15.16% vs 16.36% for OCTT. Their correlation of 0.93 suggests significant overlap in exposure. JANP charges 0.50%/yr vs 0.74%/yr for OCTT.

Performance

JANP vs. OCTT - 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 AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANP achieves a 5.25% return, which is significantly lower than OCTT's 5.87% return.

JANP

• 1D: -0.09%
• 1M: 0.29%
• YTD: 5.25%
• 6M: 5.30%
• 1Y: 15.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTT

• 1D: -0.20%
• 1M: -0.25%
• YTD: 5.87%
• 6M: 5.20%
• 1Y: 16.36%
• 3Y*: 13.21%
• 5Y*: 10.08%
• 10Y*: —

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

JANP vs. OCTT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JANP PGIM US Large-Cap Buffer 12 ETF - January	5.25%	13.33%	15.74%
OCTT AllianzIM U.S. Large Cap Buffer10 Oct ETF	5.87%	13.86%	11.87%

Correlation

The correlation between JANP and OCTT is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 2, 2024	0.93

The correlation between JANP and OCTT has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

JANP vs. OCTT — Risk / Return Rank

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

JANP

JANP Risk / Return Rank: 79
JANP Sharpe Ratio Rank: 80
JANP Sortino Ratio Rank: 82
JANP Omega Ratio Rank: 85
JANP Calmar Ratio Rank: 66
JANP Martin Ratio Rank: 83

OCTT

OCTT Risk / Return Rank: 75
OCTT Sharpe Ratio Rank: 75
OCTT Sortino Ratio Rank: 76
OCTT Omega Ratio Rank: 78
OCTT Calmar Ratio Rank: 65
OCTT Martin Ratio Rank: 80

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. OCTT - 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 AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT). 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	OCTT	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.09	+0.13
Sortino ratio: Return per unit of downside risk	3.16	2.96	+0.20
Omega ratio: Gain probability vs. loss probability	1.45	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	2.86	2.83	+0.04
Martin ratio: Return relative to average drawdown	14.69	13.79	+0.89

JANP vs. OCTT - Sharpe Ratio Comparison

The current JANP Sharpe Ratio is 2.21, which is comparable to the OCTT Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of JANP and OCTT, 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

JANP vs. OCTT - Drawdown Comparison

The maximum JANP drawdown since its inception was -12.18%, smaller than the maximum OCTT drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for JANP and OCTT.

Drawdown Indicators

	JANP	OCTT	Difference
Max Drawdown Largest peak-to-trough decline	-12.18%	-13.49%	+1.31%
Max Drawdown (1Y) Largest decline over 1 year	-5.32%	-5.81%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.49%	—
Current Drawdown Current decline from peak	-0.99%	-1.20%	+0.21%
Average Drawdown Average peak-to-trough decline	-0.89%	-2.02%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	1.19%	-0.16%

Volatility

JANP vs. OCTT - Volatility Comparison

PGIM US Large-Cap Buffer 12 ETF - January (JANP) and AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) have volatilities of 2.31% and 2.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANP	OCTT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.31%	2.38%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	5.86%	6.18%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	6.92%	7.91%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.06%	10.48%	-1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.06%	10.21%	-1.15%

JANP vs. OCTT - Expense Ratio Comparison

JANP has a 0.50% expense ratio, which is lower than OCTT's 0.74% expense ratio.

Dividends

JANP vs. OCTT - Dividend Comparison

Neither JANP nor OCTT has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANP and OCTT in my portfolio?

With a correlation of 0.96, JANP and OCTT 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 OCTT?

OCTT has higher volatility (2.38%) compared to JANP (2.31%). In terms of maximum drawdown, JANP dropped -12.18% vs OCTT's -13.49%.

Which ETF is better, JANP or OCTT?

On 1-year performance, OCTT leads with 16.36% vs 15.16% for JANP. On fees, JANP is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JANP or OCTT?

Over the 1-year period, OCTT has performed better with a 16.36% return vs 15.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANP or OCTT?

JANP is cheaper with a 0.50% expense ratio, compared with 0.74% for OCTT.

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

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

What is the main difference between JANP and OCTT?

They also come from different issuers: PGIM and Allianz. Their fees differ too: 0.50% for JANP and 0.74% for OCTT.

Which has better risk-adjusted returns?

JANP currently has the higher Sharpe Ratio (2.21 vs 2.09), 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.