PQJA vs. JANB

Last updated Aug 4, 2026

PQJA (PGIM Nasdaq-100 Buffer 12 ETF - January) 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. PQJA charges 0.50%/yr vs 0.25%/yr for JANB.

Performance

PQJA vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) 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, PQJA achieves a 8.36% return, which is significantly higher than JANB's 7.57% return.

PQJA

• 1D: 0.70%
• 1M: 0.65%
• 6M: 7.21%
• YTD: 8.36%
• 1Y: 17.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.59%

JANB

• 1D: 0.58%
• 1M: 1.38%
• 6M: 6.24%
• YTD: 7.57%
• 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	$166.17K	$159.93K	$575.10K
PQJA PGIM Nasdaq-100 Buffer 12 ETF - January	$48.64K	$72.90K	$142.55K

PQJA vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
PQJA PGIM Nasdaq-100 Buffer 12 ETF - January	8.36%	3.85%
JANB Aptus January Buffer ETF	7.57%	2.76%

Correlation

The correlation between PQJA 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

PQJA vs. JANB — Risk / Return Rank

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

PQJA

PQJA Risk / Return Rank: 80
PQJA Sharpe Ratio Rank: 81
PQJA Sortino Ratio Rank: 82
PQJA Omega Ratio Rank: 83
PQJA Calmar Ratio Rank: 70
PQJA Martin Ratio Rank: 83

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.

PQJA vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Nasdaq-100 Buffer 12 ETF - January (PQJA) 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.

	PQJA	JANB	Difference
Sharpe ratio: Return per unit of total volatility	2.03	—	—
Sortino ratio: Return per unit of downside risk	2.91	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	2.67	—	—
Martin ratio: Return relative to average drawdown	12.28	—	—

Drawdowns

PQJA vs. JANB - Drawdown Comparison

The maximum PQJA drawdown since its inception was -14.72%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for PQJA and JANB.

Drawdown Indicators

	PQJA	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-14.72%	-6.52%	-8.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.77%	—	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-1.58%	-1.01%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	—	—

Volatility

Volatility by Period

	PQJA	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.90%	7.38%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.15%	7.38%	+5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.15%	7.38%	+5.77%

PQJA vs. JANB - Expense Ratio Comparison

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

Dividends

PQJA vs. JANB - Dividend Comparison

Neither PQJA nor JANB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PQJA and JANB in my portfolio?

PQJA 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, PQJA 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, PQJA or JANB?

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

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

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

What is the main difference between PQJA and JANB?

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