QDEC vs. JANP

Last updated Jun 23, 2026

QDEC (FT Vest Nasdaq-100 Buffer ETF – December) and JANP (PGIM US Large-Cap Buffer 12 ETF - January) are both exchange-traded funds - QDEC is a Nasdaq-100 fund actively managed by FT Vest, while JANP is a Options Trading fund actively managed by PGIM. Both are actively managed. Over the past year, QDEC returned 25.39% vs 17.60% for JANP. Their correlation of 0.89 suggests significant overlap in exposure. QDEC charges 0.90%/yr vs 0.50%/yr for JANP.

Performance

QDEC vs. JANP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Nasdaq-100 Buffer ETF – December (QDEC) 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, QDEC achieves a 9.31% return, which is significantly higher than JANP's 5.97% return.

QDEC

• 1D: -0.06%
• 1M: 0.71%
• YTD: 9.31%
• 6M: 8.98%
• 1Y: 25.39%
• 3Y*: 17.13%
• 5Y*: 10.47%
• 10Y*: —

JANP

• 1D: -0.24%
• 1M: 0.98%
• YTD: 5.97%
• 6M: 6.17%
• 1Y: 17.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QDEC vs. JANP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QDEC FT Vest Nasdaq-100 Buffer ETF – December	9.31%	18.12%	16.40%
JANP PGIM US Large-Cap Buffer 12 ETF - January	5.97%	13.33%	15.74%

Correlation

The correlation between QDEC and JANP is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jan 2, 2024	0.89

The correlation between QDEC and JANP has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

QDEC vs. JANP — Risk / Return Rank

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

QDEC

QDEC Risk / Return Rank: 80
QDEC Sharpe Ratio Rank: 82
QDEC Sortino Ratio Rank: 84
QDEC Omega Ratio Rank: 83
QDEC Calmar Ratio Rank: 69
QDEC Martin Ratio Rank: 82

JANP

JANP Risk / Return Rank: 82
JANP Sharpe Ratio Rank: 83
JANP Sortino Ratio Rank: 85
JANP Omega Ratio Rank: 88
JANP Calmar Ratio Rank: 69
JANP Martin Ratio Rank: 85

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.

QDEC vs. JANP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Buffer ETF – December (QDEC) 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.

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.

	QDEC	JANP	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.56	-0.03
Sortino ratio: Return per unit of downside risk	3.55	3.65	-0.10
Omega ratio: Gain probability vs. loss probability	1.48	1.52	-0.05
Calmar ratio: Return relative to maximum drawdown	3.37	3.32	+0.04
Martin ratio: Return relative to average drawdown	15.85	17.11	-1.26

QDEC vs. JANP - Sharpe Ratio Comparison

The current QDEC Sharpe Ratio is 2.53, which is comparable to the JANP Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of QDEC 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.

Drawdowns

QDEC vs. JANP - Drawdown Comparison

The maximum QDEC drawdown since its inception was -25.25%, which is greater than JANP's maximum drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for QDEC and JANP.

Drawdown Indicators

	QDEC	JANP	Difference
Max Drawdown Largest peak-to-trough decline	-25.25%	-12.18%	-13.07%
Max Drawdown (1Y) Largest decline over 1 year	-7.58%	-5.32%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	-16.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.25%	—	—
Current Drawdown Current decline from peak	-0.42%	-0.31%	-0.11%
Average Drawdown Average peak-to-trough decline	-5.00%	-0.89%	-4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.03%	+0.58%

Volatility

QDEC vs. JANP - Volatility Comparison

FT Vest Nasdaq-100 Buffer ETF – December (QDEC) has a higher volatility of 3.01% compared to PGIM US Large-Cap Buffer 12 ETF - January (JANP) at 2.24%. This indicates that QDEC's price experiences larger fluctuations and is considered to be riskier than JANP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QDEC	JANP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.24%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	5.84%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	10.10%	6.92%	+3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	9.06%	+5.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.59%	9.06%	+5.53%

QDEC vs. JANP - Expense Ratio Comparison

QDEC has a 0.90% expense ratio, which is higher than JANP's 0.50% expense ratio.

Dividends

QDEC vs. JANP - Dividend Comparison

Neither QDEC nor JANP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QDEC and JANP in my portfolio?

With a correlation of 0.90, QDEC 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, QDEC or JANP?

QDEC has higher volatility (3.01%) compared to JANP (2.24%). In terms of maximum drawdown, QDEC dropped -25.25% vs JANP's -12.18%.

Which ETF is better, QDEC or JANP?

On 1-year performance, QDEC leads with 25.39% vs 17.60% for JANP. On fees, JANP is cheaper at 0.50% per year. On volatility, JANP has been the lower-risk option at 2.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QDEC or JANP?

Over the 1-year period, QDEC has performed better with a 25.39% return vs 17.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QDEC or JANP?

JANP is cheaper with a 0.50% expense ratio, compared with 0.90% for QDEC.

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

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

What is the main difference between QDEC and JANP?

QDEC is categorized as Nasdaq-100, while JANP is Options Trading. They also come from different issuers: FT Vest and PGIM. Their fees differ too: 0.90% for QDEC and 0.50% for JANP.

Which has better risk-adjusted returns?

JANP currently has the higher Sharpe Ratio (2.56 vs 2.53), 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.