JULP vs. JANB

Last updated Aug 1, 2026

JULP (PGIM S&P 500 Buffer 12 ETF - July) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.89 means they have usually moved in the same direction. JULP charges 0.50%/yr vs 0.25%/yr for JANB.

Performance

JULP vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Buffer 12 ETF - July (JULP) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JULP achieves a 6.29% return, which is significantly lower than JANB's 6.95% return.

JULP

• 1D: 0.56%
• 1M: 0.51%
• 6M: 5.44%
• YTD: 6.29%
• 1Y: 13.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.86%

JANB

• 1D: 0.48%
• 1M: 0.80%
• 6M: 6.06%
• YTD: 6.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JANB Aptus January Buffer ETF	$172.70K	$156.00K	$568.29K
JULP PGIM S&P 500 Buffer 12 ETF - July	$451.20K	$497.16K	$328.07K

JULP vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
JULP PGIM S&P 500 Buffer 12 ETF - July	6.29%	2.49%
JANB Aptus January Buffer ETF	6.95%	2.76%

Correlation

The correlation between JULP and JANB is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.89

Return for Risk

JULP vs. JANB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JULP

JULP Risk / Return Rank: 80
JULP Sharpe Ratio Rank: 76
JULP Sortino Ratio Rank: 77
JULP Omega Ratio Rank: 83
JULP Calmar Ratio Rank: 76
JULP Martin Ratio Rank: 90

JANB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JULP vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - July (JULP) and Aptus January Buffer ETF (JANB). 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.

	JULP	JANB	Difference
Sharpe ratio: Return per unit of total volatility	1.74	—	—
Sortino ratio: Return per unit of downside risk	2.52	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	2.72	—	—
Martin ratio: Return relative to average drawdown	14.52	—	—

Drawdowns

JULP vs. JANB - Drawdown Comparison

The maximum JULP drawdown since its inception was -12.36%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for JULP and JANB.

Drawdown Indicators

	JULP	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-12.36%	-6.52%	-5.84%
Max Drawdown (1Y) Largest decline over 1 year	-4.47%	—	—
Current Drawdown Current decline from peak	-0.33%	-0.06%	-0.27%
Average Drawdown Average peak-to-trough decline	-1.03%	-1.02%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	—	—

Volatility

Volatility by Period

	JULP	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.99%	7.38%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.72%	7.38%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.72%	7.38%	+2.34%

JULP vs. JANB - Expense Ratio Comparison

JULP has a 0.50% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

JULP vs. JANB - Dividend Comparison

Neither JULP nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JULP and JANB in my portfolio?

JULP and JANB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JULP or JANB?

On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULP or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.50% for JULP.

Which ETF pays a higher dividend yield, JULP or JANB?

JULP and JANB have nearly identical dividend yields, around 0.00%.

What is the main difference between JULP and JANB?

They also come from different issuers: PGIM and Aptus. Their fees differ too: 0.50% for JULP and 0.25% for JANB.