Data as of Nov 4, 2026.
FDEC vs JANP: Cap, Buffer & Days Left
As of Nov 4, 2026 FDEC can fall 10.4% before its buffer engages and JANP 9.6%, and FDEC resets 13 days sooner.
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Net assets: $1.3bn on Nov 3, 2026 for FT Vest U.S. Equity Buffer ETF - December, and $58m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - January.
FDEC: reference +12.7% since period start, fund +10.6%; buffer 0 to −10; cap +14.8%; Between buffer and cap. Data to Nov 4, 2026.
FDEC: reference +12.7% since period start, fund +10.6%; buffer 0 to −10; cap +14.8%; Between buffer and cap. Data to Nov 4, 2026.JANP: reference +12.4% since period start, fund +10.0%; buffer 0 to −12; cap +13.9%; Between buffer and cap. Data to Nov 4, 2026.
JANP: reference +12.4% since period start, fund +10.0%; buffer 0 to −12; cap +13.9%; Between buffer and cap. Data to Nov 4, 2026.Pair scorecard
JANP costs 0.35 points a year less; their one-year returns differ by 0.9 points; FDEC is far larger, $1.3bn against $58m.
Points (pts) are percentage points.
| Measure | FDEC | JANP |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.5% | +12.6% |
| Drawdown | ||
| Index fall to the buffer | 11.2% | 11.1% |
| Benchmark | ||
| What it tracks | SPY | SPY |
| Cost and size | ||
| Expense ratio | 0.85% | 0.50% |
| Net assets, as of Nov 3, 2026 | $1.3bn | $58m |
| Holdings | ||
| Holdings in common | not published | |
How much of a bear-market fall the buffer would absorb from today's level, ranked against 292 buffer ETFs on stocks with a live outcome period. 100 is best. How it is computed
Today's position against one 20% fall; it ignores smaller falls, and stock buffers are never ranked against bond or commodity ones. All buffer ETFs ranked by it →
Window by window
| Total return | Gap to the reference's price return | |||
|---|---|---|---|---|
| Window | FDEC | JANP | FDEC | JANP |
| 3 months | +1.5% | +1.6% | +1.9 pts | +2.0 pts |
| 6 months | +5.1% | +5.0% | +0.6 pts | +0.6 pts |
| 1 year | +13.5% | +12.6% | −0.1 pts | −0.9 pts |
| 3 years | +58.0% | – | −18.4 pts | – |
| Since launchNot the same days: FDEC Dec 2020 · JANP Jan 2024 | +86.5% | +44.3% | −21.9 pts | −18.0 pts |
Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. – means no data for this window. Open this comparison in the app →
Side by side
As of Nov 4, 2026. Source: ETFIQ.
Where each one stands today
FDEC resets first, on Dec 18, 2026, 44 days from now; JANP runs to Dec 31, 2026, 57 days. FDEC can still gain 3.0% before its cap, JANP 3.1%. A fall from here reaches FDEC’s buffer after 10.4% and JANP’s after 9.6%. Both track SPY, so what separates them is where each is in its own period.
FDEC
From its price on Nov 4, 2026, the fund can gain about 3.0% more before it reaches its cap. The fund's price can fall 10.4% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.2% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 44 days remained on Nov 4, 2026. On Dec 18, 2026 the period ends and a new cap is set.
JANP
From its price on Nov 4, 2026, the fund can gain about 3.1% more before it reaches its cap. The fund's price can fall 9.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 11.1% from today's level to the point where the buffer begins. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 57 days remained on Nov 4, 2026. On Dec 31, 2026 the period ends and a new cap is set.
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, FDEC against JANP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/fdec-vs-janp
ETFIQ. (Nov 4, 2026). FDEC against JANP. Retrieved from https://etfiq.com/compare/buffer/fdec-vs-janp
[FDEC against JANP (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/buffer/fdec-vs-janp)
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