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Data as of Nov 4, 2026.

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Buffer ETFs

JANP vs JANT: Cap, Buffer & Days Left

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As of Nov 4, 2026 JANT can fall 10.4% before its buffer engages and JANP 9.6%.

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Net assets: $58m on Nov 4, 2026 for PGIM S&P 500 Buffer 12 ETF - January, and $55m on Nov 3, 2026 for AllianzIM U.S. Equity Buffer10 ETF - Jan.

JANP on its own →JANT on its own →
At a glance
9.6%
JANP can fall this far before its buffer
10.4%
JANT can fall this far before its buffer
3.1%
JANP can still gain
3.8%
JANT can still gain
JANP Between buffer and cap
Between buffer and capJANP: reference +12.4% since period start, fund +10.0%; buffer 0 to −12; cap +13.9%; Between buffer and cap. Data to Nov 4, 2026.12 pts of buffer+12.4% gain captured−12.0% floor0% period start+13.9% cap+1.5% more to the capTODAY · SPY +12.4%Between buffer and capJANP: reference +12.4% since period start, fund +10.0%; buffer 0 to −12; cap +13.9%; Between buffer and cap. Data to Nov 4, 2026.12 pts+12.4%−12.0% floor0% start+13.9% cap+1.5% more to the capTODAY · SPY +12.4%

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.
JANT Between buffer and cap
Between buffer and capJANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.10 pts of buffer+12.4% gain captured−10.0% floor0% period start+15.6% cap+3.2% more to the capTODAY · SPY +12.4%Between buffer and capJANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.10 pts+12.4%−10.0% floor0% start+15.6% cap+3.2% more to the capTODAY · SPY +12.4%

JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.

JANT: reference +12.4% since period start, fund +10.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

JANP costs 0.24 points a year less; their one-year returns differ by 1.0 point; JANP is 1.1 times larger.

Points (pts) are percentage points.

JANP vs JANT: Cap, Buffer & Days Left
MeasureJANPJANT
Return
Total return, 1 year+12.6%+13.6%
Drawdown
Index fall to the buffer11.1%
Benchmark
What it tracksSPYSPY
Cost and size
Expense ratio0.50%0.74%
Net assets, as of Nov 3, 2026$58m$55m
Holdings
Holdings in commonnot published
ETFIQ Downside Cover Score · JANP scores higher If the market falls into a bear market from here, how much does the buffer absorb?
IQ Buffer Score47.1JANP27.9JANT

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

0.3, the lowest in this set 99.7, the highest

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 →

Method

Window by window

Window by window: JANP vs JANT: Cap, Buffer & Days Left
Total returnGap to the reference's price return
WindowJANPJANTJANPJANT
3 months+1.6%+1.4%+2.0 pts+1.8 pts
6 months+5.0%+5.2%+0.6 pts+0.7 pts
1 year+12.6%+13.6%−0.9 pts0.0 pts
3 years–+59.7%–−16.7 pts
Since launchNot the same days: JANP Jan 2024 · JANT Jan 2021+44.3%+83.6%−18.0 pts−24.3 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

JANP PGIM S&P 500 Buffer 12 ETF - January · Absorbs the first 12% of loss on SPY and caps the gain at 13.9%, over a period ending Dec 31, 2026 JANT AllianzIM U.S. Equity Buffer10 ETF - Jan · Absorbs the first 10% of loss on SPY and caps the gain at 15.6%, over a period ending Dec 31, 2026
Issuer PGIM AllianzIM
Reference index SPY SPY
Buffer 12% 10%
Outcome period Jan 1, 2026 to Dec 31, 2026 Jan 1, 2026 to Dec 31, 2026
Days left 57 57
Starting cap +13.9% +15.6%
Can still gain 3.1% 3.8%
Fall before buffer 9.6% 10.4%
Protection left, index points 12.0% of 12.0% 10.0% of 10.0%
Index return this period +12.4% +12.4%
Fund return this period +10.0% +10.7%
State today Open Open
Expense ratio 0.50% 0.74%
Net assets, JANP as of Nov 4, 2026 and JANT as of Nov 3, 2026 $58m $55m

As of Nov 4, 2026. Source: ETFIQ.

Where each one stands today

JANP resets first, on Dec 31, 2026, 57 days from now; JANT runs to Dec 31, 2026, 57 days. JANP can still gain 3.1% before its cap, JANT 3.8%. A fall from here reaches JANP’s buffer after 9.6% and JANT’s after 10.4%. Both track SPY, so what separates them is where each is in its own period.

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About each fund
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.

JANT

From its price on Nov 4, 2026, the fund can gain about 3.8% 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. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, JANP or JANT?
From their prices on Nov 4, 2026, JANP can gain about 3.1% before its cap and JANT about 3.8%, so JANT has more room left this period.
Which resets first, JANP or JANT?
JANP ends its outcome period on Dec 31, 2026 and JANT on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, JANP or JANT?
JANP charges 0.50% a year and JANT charges 0.74%, so JANP is cheaper. Fees come from each fund's prospectus.
Other comparisons
JANP vs QBSVJANP vs PQXJANP vs PQXVJANP vs PQXXJANT vs QBSVJANT vs PQXJANT vs PQXVJANT vs PQXX
Where to next
SPDR S&P 500 ETF Trust →JANP on its own →JANT on its own →Method →Standards and sources →
Sources and dates
JANP filings on SEC EDGAR ↗
PGIM website ↗
JANT filings on SEC EDGAR ↗
AllianzIM page for JANT ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, JANP against JANT, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/janp-vs-jant

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.