OCTT vs. JANP

Last updated Jun 4, 2026

OCTT (AllianzIM U.S. Large Cap Buffer10 Oct ETF) and JANP (PGIM US Large-Cap Buffer 12 ETF - January) are both Options Trading funds. Both are actively managed. Over the past year, OCTT returned 19.21% vs 17.69% for JANP. Their correlation of 0.93 suggests significant overlap in exposure. OCTT charges 0.74%/yr vs 0.50%/yr for JANP.

Performance

OCTT vs. JANP - Performance Comparison

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

Returns By Period

In the year-to-date period, OCTT achieves a 6.89% return, which is significantly higher than JANP's 6.08% return.

OCTT

• 1D: -0.24%
• 1M: 2.77%
• YTD: 6.89%
• 6M: 7.45%
• 1Y: 19.21%
• 3Y*: 14.15%
• 5Y*: 10.41%
• 10Y*: —

JANP

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

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

OCTT vs. JANP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OCTT AllianzIM U.S. Large Cap Buffer10 Oct ETF	6.89%	13.86%	12.22%
JANP PGIM US Large-Cap Buffer 12 ETF - January	6.08%	13.33%	15.74%

Correlation

The correlation between OCTT and JANP 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 3, 2024	0.93

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

Return for Risk

OCTT vs. JANP — Risk / Return Rank

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

OCTT

OCTT Risk / Return Rank: 78
OCTT Sharpe Ratio Rank: 77
OCTT Sortino Ratio Rank: 79
OCTT Omega Ratio Rank: 82
OCTT Calmar Ratio Rank: 68
OCTT Martin Ratio Rank: 82

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

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.

OCTT vs. JANP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) and PGIM US Large-Cap Buffer 12 ETF - January (JANP). 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.

	OCTT	JANP	Difference
Sharpe ratio: Return per unit of total volatility	2.49	2.63	-0.14
Sortino ratio: Return per unit of downside risk	3.54	3.78	-0.24
Omega ratio: Gain probability vs. loss probability	1.49	1.55	-0.06
Calmar ratio: Return relative to maximum drawdown	3.32	3.34	-0.02
Martin ratio: Return relative to average drawdown	16.48	17.41	-0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCTT vs. JANP - Sharpe Ratio Comparison

The current OCTT Sharpe Ratio is 2.49, which is comparable to the JANP Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of OCTT and JANP, 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

	OCTT	JANP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	2.63	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	1.63	-0.49

Drawdowns

OCTT vs. JANP - Drawdown Comparison

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

Drawdown Indicators

	OCTT	JANP	Difference
Max Drawdown Largest peak-to-trough decline	-13.49%	-12.18%	-1.31%
Max Drawdown (1Y) Largest decline over 1 year	-5.81%	-5.32%	-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	-0.24%	-0.20%	-0.04%
Average Drawdown Average peak-to-trough decline	-2.03%	-0.90%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	1.02%	+0.15%

Volatility

OCTT vs. JANP - Volatility Comparison

The current volatility for AllianzIM U.S. Large Cap Buffer10 Oct ETF (OCTT) is 1.27%, while PGIM US Large-Cap Buffer 12 ETF - January (JANP) has a volatility of 1.39%. This indicates that OCTT experiences smaller price fluctuations and is considered to be less risky than JANP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTT	JANP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	1.39%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	5.94%	5.52%	+0.42%
Volatility (1Y) Calculated over the trailing 1-year period	7.77%	6.77%	+1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.43%	9.07%	+1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.22%	9.07%	+1.15%

OCTT vs. JANP - Expense Ratio Comparison

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

Dividends

OCTT vs. JANP - Dividend Comparison

Neither OCTT nor JANP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OCTT and JANP in my portfolio?

With a correlation of 0.96, OCTT and JANP 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, OCTT or JANP?

JANP has higher volatility (1.39%) compared to OCTT (1.27%). In terms of maximum drawdown, OCTT dropped -13.49% vs JANP's -12.18%.

Which ETF is better, OCTT or JANP?

On 1-year performance, OCTT leads with 19.21% vs 17.69% for JANP. On fees, JANP is cheaper at 0.50% per year. On volatility, OCTT has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTT or JANP?

Over the 1-year period, OCTT has performed better with a 19.21% return vs 17.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTT or JANP?

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

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

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

What is the main difference between OCTT and JANP?

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

Which has better risk-adjusted returns?

JANP currently has the higher Sharpe Ratio (2.63 vs 2.49), 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.