PMOC vs. JANB

Last updated Aug 1, 2026

PMOC (PGIM S&P 500 Max Buffer ETF - October) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.90 means they have usually moved in the same direction. PMOC charges 0.50%/yr vs 0.25%/yr for JANB.

Performance

PMOC vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Max Buffer ETF - October (PMOC) 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, PMOC achieves a 3.62% return, which is significantly lower than JANB's 6.95% return.

PMOC

• 1D: 0.17%
• 1M: 0.54%
• 6M: 3.17%
• YTD: 3.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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
PMOC PGIM S&P 500 Max Buffer ETF - October	$1.97K	$1.11K	$4.69K

PMOC vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
PMOC PGIM S&P 500 Max Buffer ETF - October	3.62%	1.04%
JANB Aptus January Buffer ETF	6.95%	2.76%

Correlation

The correlation between PMOC and JANB is 0.90, 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	0.90

Return for Risk

PMOC vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - October (PMOC) 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.

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

Drawdowns

PMOC vs. JANB - Drawdown Comparison

The maximum PMOC drawdown since its inception was -1.50%, smaller than the maximum JANB drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for PMOC and JANB.

Drawdown Indicators

	PMOC	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-1.50%	-6.52%	+5.02%
Current Drawdown Current decline from peak	0.00%	-0.06%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.19%	-1.02%	+0.83%

Volatility

Volatility by Period

	PMOC	JANB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.30%	7.38%	-5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.30%	7.38%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.30%	7.38%	-5.08%

PMOC vs. JANB - Expense Ratio Comparison

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

Dividends

PMOC vs. JANB - Dividend Comparison

Neither PMOC nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMOC and JANB in my portfolio?

PMOC and JANB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMOC 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, PMOC or JANB?

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

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

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

What is the main difference between PMOC and JANB?

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