PQJL vs. JANB

Last updated Jul 16, 2026

PQJL (PGIM Nasdaq-100 Buffer 12 ETF - July) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. PQJL charges 0.50%/yr vs 0.25%/yr for JANB.

Performance

PQJL vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Nasdaq-100 Buffer 12 ETF - July (PQJL) 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, PQJL achieves a 6.01% return, which is significantly lower than JANB's 7.01% return.

PQJL

• 1D: -0.27%
• 1M: -1.19%
• 6M: 5.52%
• YTD: 6.01%
• 1Y: 13.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: 0.16%
• 1M: 0.73%
• 6M: 6.29%
• YTD: 7.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PQJL vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
PQJL PGIM Nasdaq-100 Buffer 12 ETF - July	6.01%	2.59%
JANB Aptus January Buffer ETF	7.01%	2.76%

Correlation

The correlation between PQJL and JANB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.84

Return for Risk

PQJL vs. JANB — Risk / Return Rank

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

PQJL

PQJL Risk / Return Rank: 65
PQJL Sharpe Ratio Rank: 61
PQJL Sortino Ratio Rank: 61
PQJL Omega Ratio Rank: 67
PQJL Calmar Ratio Rank: 57
PQJL Martin Ratio Rank: 77

JANB

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

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.

PQJL vs. JANB - Risk-Adjusted Trends Comparison

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

	PQJL	JANB	Difference
Sharpe ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.34	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.35	—	—
Martin ratio: Return relative to average drawdown	11.68	—	—

Drawdowns

PQJL vs. JANB - Drawdown Comparison

The maximum PQJL drawdown since its inception was -12.32%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for PQJL and JANB.

Drawdown Indicators

	PQJL	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-12.32%	-6.52%	-5.80%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	—	—
Current Drawdown Current decline from peak	-1.44%	0.00%	-1.44%
Average Drawdown Average peak-to-trough decline	-1.25%	-1.05%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	PQJL	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.31%	7.37%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.69%	7.37%	+4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.69%	7.37%	+4.32%

PQJL vs. JANB - Expense Ratio Comparison

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

Dividends

PQJL vs. JANB - Dividend Comparison

PQJL's dividend yield for the trailing twelve months is around 0.01%, while JANB has not paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PQJL and JANB in my portfolio?

PQJL and JANB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PQJL 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, PQJL or JANB?

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

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

PQJL has the higher dividend yield at 0.01%, compared with 0.00% for JANB.

What is the main difference between PQJL and JANB?

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