JANT vs PQX: which one stands where?

As of Oct 1, 2026 JANT can fall 9.6% before its buffer engages and PQX 0.1%. AllianzIM U.S. Equity Buffer10 ETF - Jan and PGIM S&P 500 Quarterly Buffer 10 ETF.

9.6%
JANT can fall this far before its buffer
0.1%
PQX can fall this far before its buffer
4.7%
JANT can still gain
3.3%
PQX can still gain
JANTBetween buffer and cap
Between buffer and capJANT: reference +11.8% since period start, fund +9.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap.10 pts of buffer+11.8% gain captured−10.0% floor0% period start+15.6% capTODAY · SPY +11.8%Between buffer and capJANT: reference +11.8% since period start, fund +9.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap.10 pts+11.8% gained−10.0% floor0% start+15.6% capTODAY · SPY +11.8%

JANT: reference +11.8% since period start, fund +9.7%; buffer 0 to −10; cap +15.6%; Between buffer and cap.

PQXBetween buffer and cap
Between buffer and capPQX: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +3.5%; Between buffer and cap.10 pts of buffer−10.0% floor0% period start+3.5% capTODAY · SPY 0.0%Between buffer and capPQX: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +3.5%; Between buffer and cap.10 pts−10.0% floor0% start+3.5% capTODAY · SPY 0.0%

PQX: reference 0.0% since period start, fund 0.0%; buffer 0 to −10; cap +3.5%; Between buffer and cap.

ETFIQ Downside Cover Score · JANT scores higherIf the market falls into a bear market from here, how much does the buffer absorb?
0.2, the lowest in this set99.8, the highest

A percentile among the 293 buffer ETFs with a live outcome period. It is a position in a set, not a rating, and neither end of it is a recommendation. All buffer ETFs ranked by it → How it is computed →

Where each one stands today

JANT resets first, on Dec 31, 2026, 92 days from now; PQX runs to Dec 31, 2026, 92 days. JANT can still gain 4.7% before its cap, PQX 3.3%. A fall from here reaches JANT’s buffer after 9.6% and PQX’s after 0.1%. Both track SPY, so what separates them is where each is in its own period.

Every figure is ETFIQ’s own, from the issuer’s published outcome-period terms. A buffer ETF holds FLEX options on its reference index rather than shares, so there is no holdings overlap between two of them to report.

Performance, window by window

Total returnGap to the reference
WindowJANTPQXJANTPQX
3 months+2.8%+2.1%+0.3 pts−0.5 pts
6 months+12.1%not published−4.9 ptsnot published
1 year+13.7%not published−2.0 ptsnot published
3 years+60.9%not published−24.1 ptsnot published

JANT and PQX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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
PQX
PGIM S&P 500 Quarterly Buffer 10 ETF · Absorbs the first 10% of loss on SPY and caps the gain at 3.5%, over a period ending Dec 31, 2026
Issuer AllianzIM PGIM
Reference index SPY SPY
Buffer 10% 10%
Outcome period Jan 1, 2026 to Dec 31, 2026 Oct 1, 2026 to Dec 31, 2026
Days left 92 92
Starting cap +15.6% +3.5%
Can still gain 4.7% 3.3%
Fall before buffer 9.6% 0.1%
Protection left, index points 10.0% of 10.0% 10.0% of 10.0%
Index return this period +11.8% 0.0%
Fund return this period +9.7% 0.0%
State today Open Open
Expense ratio 0.74% 0.50%
Net assets $62m $5m

JANT and PQX on the same fields, as of Oct 1, 2026. Source: ETFIQ.

JANT in plain words

From its price on Oct 1, 2026, the fund can gain about 4.7% 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 figure. In index terms, SPY can fall 10.6% 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. 92 days remained on Oct 1, 2026. On Dec 31, 2026 the period ends and a new cap is set.

PQX in plain words

From its price on Oct 1, 2026, the fund can gain about 3.3% more before it reaches its cap. The fund's price can fall 0.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 0.0% from today's level to the point where the buffer begins.

Questions people ask

Which has more room to gain, JANT or PQX?
From their prices on Oct 1, 2026, JANT can gain about 4.7% before its cap and PQX about 3.3%, so JANT has more room left this period.
Which resets first, JANT or PQX?
JANT ends its outcome period on Dec 31, 2026 and PQX on Dec 31, 2026. A new cap is set the day after each.
Which is cheaper, JANT or PQX?
JANT charges 0.74% a year and PQX charges 0.50%, so PQX is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, JANT against PQX, data as of Oct 1, 2026. https://etfiq.com/compare/buffer/jant-vs-pqx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.