JANT vs. MRCP

Last updated Jun 5, 2026

JANT (AllianzIM U.S. Large Cap Buffer10 Jan ETF) and MRCP (PGIM US Large-Cap Buffer 12 ETF - March) are both Options Trading funds. Both are actively managed. Over the past year, JANT returned 19.82% vs 18.22% for MRCP. Their correlation of 0.94 suggests significant overlap in exposure. JANT charges 0.74%/yr vs 0.50%/yr for MRCP.

Performance

JANT vs. MRCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) and PGIM US Large-Cap Buffer 12 ETF - March (MRCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANT achieves a 6.90% return, which is significantly lower than MRCP's 7.46% return.

JANT

• 1D: 0.27%
• 1M: 2.50%
• YTD: 6.90%
• 6M: 8.26%
• 1Y: 19.82%
• 3Y*: 16.53%
• 5Y*: 10.32%
• 10Y*: —

MRCP

• 1D: 0.18%
• 1M: 2.10%
• YTD: 7.46%
• 6M: 8.49%
• 1Y: 18.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JANT vs. MRCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JANT AllianzIM U.S. Large Cap Buffer10 Jan ETF	6.90%	14.30%	10.92%
MRCP PGIM US Large-Cap Buffer 12 ETF - March	7.46%	14.13%	11.42%

Correlation

The correlation between JANT and MRCP 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 Mar 4, 2024	0.94

The correlation between JANT and MRCP has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

JANT vs. MRCP — Risk / Return Rank

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

JANT

JANT Risk / Return Rank: 83
JANT Sharpe Ratio Rank: 83
JANT Sortino Ratio Rank: 87
JANT Omega Ratio Rank: 88
JANT Calmar Ratio Rank: 69
JANT Martin Ratio Rank: 86

MRCP

MRCP Risk / Return Rank: 88
MRCP Sharpe Ratio Rank: 89
MRCP Sortino Ratio Rank: 92
MRCP Omega Ratio Rank: 93
MRCP Calmar Ratio Rank: 76
MRCP Martin Ratio Rank: 91

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.

JANT vs. MRCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) and PGIM US Large-Cap Buffer 12 ETF - March (MRCP). 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.

	JANT	MRCP	Difference
Sharpe ratio: Return per unit of total volatility	2.67	2.94	-0.26
Sortino ratio: Return per unit of downside risk	3.88	4.33	-0.45
Omega ratio: Gain probability vs. loss probability	1.54	1.62	-0.08
Calmar ratio: Return relative to maximum drawdown	3.35	3.80	-0.45
Martin ratio: Return relative to average drawdown	17.58	21.81	-4.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANT vs. MRCP - Sharpe Ratio Comparison

The current JANT Sharpe Ratio is 2.67, which is comparable to the MRCP Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of JANT and MRCP, 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

	JANT	MRCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.94	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.61	-0.60

Drawdowns

JANT vs. MRCP - Drawdown Comparison

The maximum JANT drawdown since its inception was -16.18%, which is greater than MRCP's maximum drawdown of -10.73%. Use the drawdown chart below to compare losses from any high point for JANT and MRCP.

Drawdown Indicators

	JANT	MRCP	Difference
Max Drawdown Largest peak-to-trough decline	-16.18%	-10.73%	-5.45%
Max Drawdown (1Y) Largest decline over 1 year	-5.94%	-4.81%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.18%	—	—
Current Drawdown Current decline from peak	-0.03%	-0.04%	+0.01%
Average Drawdown Average peak-to-trough decline	-2.67%	-0.77%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	0.84%	+0.29%

Volatility

JANT vs. MRCP - Volatility Comparison

AllianzIM U.S. Large Cap Buffer10 Jan ETF (JANT) and PGIM US Large-Cap Buffer 12 ETF - March (MRCP) have volatilities of 1.33% and 1.34%, 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

	JANT	MRCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	1.34%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	5.96%	4.96%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	7.44%	6.23%	+1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.31%	9.26%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.10%	9.26%	+1.84%

JANT vs. MRCP - Expense Ratio Comparison

JANT has a 0.74% expense ratio, which is higher than MRCP's 0.50% expense ratio.

Dividends

JANT vs. MRCP - Dividend Comparison

Neither JANT nor MRCP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JANT and MRCP in my portfolio?

With a correlation of 0.95, JANT and MRCP 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, JANT or MRCP?

MRCP has higher volatility (1.34%) compared to JANT (1.33%). In terms of maximum drawdown, JANT dropped -16.18% vs MRCP's -10.73%.

Which ETF is better, JANT or MRCP?

On 1-year performance, JANT leads with 19.82% vs 18.22% for MRCP. On fees, MRCP 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, JANT or MRCP?

Over the 1-year period, JANT has performed better with a 19.82% return vs 18.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JANT or MRCP?

MRCP is cheaper with a 0.50% expense ratio, compared with 0.74% for JANT.

Which ETF pays a higher dividend yield, JANT or MRCP?

JANT and MRCP have nearly identical dividend yields, around 0.00%.

What is the main difference between JANT and MRCP?

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

Which has better risk-adjusted returns?

MRCP currently has the higher Sharpe Ratio (2.94 vs 2.67), 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.