FT Vest U.S. Equity Moderate Buffer ETF - January
$46.46+0.01 (+0.02%)
- 0.85%
- $443M
- +12.4%
- 0M sh
- $46.46
- low $41.07high $46.53
The ETF.net GJAN Grade
C
Score 41 out of 100
- 37 of 61
Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F13 out of 100Rank 47 of 61Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 24 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 12 of 59Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 12 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 14 of 61
Our read on GJAN
CA 15% shock absorber on the S&P 500, running on a January clock. GJAN is built to absorb the reference ETF's first 15% of price losses over each one-year outcome period, and to trade away gains above a cap set when that period begins.
The Fund seeks to provide returns matching the price return of the stated S&P 500 ETF, before fees and expenses, subject to an upside cap. It also protects against the first 15% of losses during the specified outcome period.
Why people hold it
- The deal is written down before you commit: the first 15% of the reference S&P 500 ETF's price decline is absorbed over the outcome period, with an upside cap fixed at the start.
- Resets every January, and it is one month in a full calendar of identical siblings (GAPR, GJUL, GOCT and the rest), so laddering across start dates stays inside one lineup.
- The thing being buffered is the SPDR S&P 500 ETF Trust itself, not a bespoke index, and this January cycle has been turning since the 2023 launch.
Worth knowing
- 0.85% a year sits above cohort rivals PJAN and PJUL at 0.79%, and well above the laddered BUFF at 0.10%.
- Buffer and cap are stated before fees and expenses, so the 0.85% comes out of your slice, and the cap means strong rallies get left on the table.
- Bought mid-period, your own cushion and cap differ from the headline terms. Daily volume is on the lighter side, so the spread is worth a look.
GJAN Holdings
- Other
- 3
- 104%
- 2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.94
Sectors
- Technology40.1%
- Financials11.3%
- Communication9.9%
- Health Care9.4%
- Consumer Discretionary8.7%
- Industrials7.6%
- Consumer Staples4.4%
- Energy3.4%
- Utilities1.9%
- Real Estate1.7%
- Materials1.6%
GJAN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
GJAN$11,242
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GJAN |
|---|---|
| Year to date | +8.6% |
| 1 month | +1.1% |
| 3 months | +2.7% |
| 1 year | +12.4% |
| 3 years | +12.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GJAN |
|---|---|---|
| 2026 YTD | +8.6% | |
| 2025 | +10.7% | |
| 2024 | +12.1% | |
| 2023 | +13.4% |
GJAN in the news
GJAN Dividends
No distributions in the last 12 months.
GJAN Risk
- 6.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.25
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −10.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.47
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GJAN Cost
0.85%
GJAN0.85%
- The middle half of S&P 500 Buffer 15% funds
- Median 0.79%
36 of the 51 S&P 500 Buffer 15% funds charge less.
Other funds in S&P 500 Buffer 15%
- CGAUGFT Vest U.S. Equity Moderate Buffer ETF - AugustExpense ratio 0.85%1 year return +11.4%
- CGFEBFT Vest U.S. Equity Moderate Buffer ETF - FebruaryExpense ratio 0.85%1 year return +12.8%
- CARLUAIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Apr ETFExpense ratio 0.74%1 year return +12.4%
- CCJULCorgi ETF Trust I - Corgi U.S. Equities 15% Structured Buffer ETF - July SeriesExpense ratio 0.30%1 year return —
- CCJUNCorgi ETF Trust I - Corgi U.S. Equities 15% Structured Buffer ETF - June SeriesExpense ratio 0.30%1 year return —