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DJAN vs PSCX

FT Vest U.S. Equity Deep Buffer ETF - January

DJANCCboe

Pacer Swan SOS Conservative (January) ETF

PSCXBCboe

Overlap

Expense ratio

PSCX −0.36pt a year

DJAN0.85%PSCX0.49%

Avg volume · 30D

DJAN 18.1×the volume

DJAN18.1KPSCX998

5Y return · a year

PSCX +0.8pt

DJAN+7.7%PSCX+8.5%

DJAN vs PSCX Performance

Oct 29, 2021 – Oct 30, 2026

+45.2%DJAN+50.6%PSCX

Oct 29, 2021 to Oct 30, 2026. DJAN +45.2%. PSCX +50.6%. Use the arrow keys to read each point.0%10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
DJAN 0.85%
PSCX 0.49%, better
Fund size
DJAN $459M
PSCX $47M
1Y total return
DJAN +9.5%
PSCX +10.2%, better
Holdings
DJAN 3
PSCX 3
Avg volume (30D)
DJAN 18.1K sh, better
PSCX 998 sh
NAV per share
DJAN $46.60
PSCX $33.53
52W range

ETF.net Grade

DJAN: Cost 31, Risk 51, Mission not scored, Tradability 79, Holdings 59, Durability 60. PSCX: Cost 81, Risk 56, Mission not scored, Tradability 47, Holdings not scored, Durability 28.
Pillar letters and Scores for DJAN, PSCX, with each pillar’s weight
PillarDJANPSCX
Cost30% weightD31A81Higher
Mission25% weightNot scoredNot scored
Risk15% weightC51B56Higher
Tradability15% weightA79HigherC47
Holdings10% weightB59Not scored
Durability5% weightB60HigherD28

Rank among S&P 500 Deep Buffer 25-30% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DJAN and PSCX are both graded against the same 19 S&P 500 Deep Buffer 25-30% funds, so their Grades compare head to head.

S&P 500 Deep Buffer 25-30%⁠

Category · 19 funds
See all 19 ›

PSCX ranks 1st and DJAN 6th of 19 funds in the S&P 500 Deep Buffer 25-30% Category.

  1. Rank 1BPSCXPacer Swan SOS Conservative (January) ETFScore 63
  2. Rank 1BUFEBInnovator U.S. Equity Ultra Buffer ETFScore 63
  3. Rank 4CPSCWPacer Swan SOS Conservative (April) ETFScore 54
  4. Rank 6CDJANFT Vest U.S. Equity Deep Buffer ETF - JanuaryScore 50
  5. Rank 6CDNOVFT Vest U.S. Equity Deep Buffer ETF - NovemberScore 50

Our read on each fund

ETF.net Research

DJANCFT Vest U.S. Equity Deep Buffer ETF - January

PSCXBPacer Swan SOS Conservative (January) ETF

In short

DJAN A deep buffer with a deliberate gap: DJAN wears the first 5% of an S&P 500 slide, then cushions the next 25 points, in exchange for a cap reset every January. Crash cushion, not dip cushion.

PSCX A 25% deep buffer against the S&P 500, reset every January, for 0.49% a year, well under the typical fee in its deep-buffer group. The trade-off: a cap on the upside, set fresh each outcome period.

Stated mandate

DJAN The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust, before fees and expenses, up to a predetermined upside cap while buffering losses in the underlying ETF's -5% to -30% range during January 20, 2026 through January 15, 2027.

PSCX The fund seeks to match the pre-fee returns of the SPDR S&P 500 ETF Trust up to a predetermined cap while providing a downside buffer over approximately one year.

Why people hold it

  • DJAN Built from FLEX options on the SPDR S&P 500 ETF Trust: declines in that fund between -5% and -30% are buffered across the outcome period, before fees and expenses.ftportfolios.com
  • One rung of a full ladder. First Trust runs a deep buffer fund for every reset month (DMAR, DJUL, DDEC and the rest), so staggering start dates is a simple build.
  • The 0.85% expense ratio sits right at the median for deep buffer funds built on the same reference, so you pay the category's going rate for the options machinery.
  • PSCX At 0.49%, one of the cheaper ways to buy a deep buffer: cohort peers DMAR (0.85%) and UFEB (0.79%) charge more for a similar job.
  • The cushion is deep. The structure aims to absorb the first 25% of SPDR S&P 500 ETF Trust losses over an approximately one-year outcome period.paceretfs.com
  • Pacer runs the same recipe on a quarterly calendar (PSCW in April, PSCQ in October), so the January reset is a choice of start date, not the only option.
  • Live since 2020, so the strategy has cycled through several full outcome periods, not one flattering stretch.

Worth knowing

  • DJAN Protection is paid for with a ceiling: upside stops at a cap set fresh each January. A roaring S&P year leaves part of the rally on the table.
  • The first 5% of decline is yours, and the terms are designed to work over the full period. Buy mid-period and your cap and remaining buffer differ from the headline.ftportfolios.com
  • Cheaper cousins exist in the same deep buffer cohort: Pacer's Swan SOS Conservative funds (PSCX, PSCW) charge 0.49%. DJAN also trades lightly, so limit orders earn their keep.
  • PSCX Upside is capped. A new cap is set at the start of each outcome period, and a deeper buffer generally comes with a lower ceiling.paceretfs.com
  • Buffer and cap are measured over the full outcome period and stated before fees. Buy mid-period and your own cushion and ceiling differ from the headline terms.paceretfs.com
  • A small, thinly traded fund, so bid-ask spreads can run wider than on mainstream index ETFs.

Full DJAN profile⁠

Full PSCX profile⁠

DJAN vs PSCX Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DJAN vs PSCX Cost

Overpaying DJAN vs PSCX

$6,407

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DJAN 0.85%

    $16,199

  • PSCX 0.49%

    $9,792

$10,000
30 years

Cost over time

  • DJAN 0.85%
  • PSCX 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DJAN $16,199PSCX $9,792

Year by year

YearDJANPSCXOverpaying
10$1,508$883$625
20$5,706$3,394$2,312
30$16,199$9,792$6,407

Expense ratio

  • 0.85%DJAN
  • 0.49%PSCX, cheaper
  • Middle half of S&P 500 Deep Buffer 25-30% funds
  • Median 0.85%

PSCX 3rd cheapest of 19 funds

DJAN 8th cheapest of 19 funds

DJAN vs PSCX Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
DJAN None
PSCX None

Distribution history

DJANAll DJAN payments⁠

No distribution history available.

PSCXAll PSCX payments⁠

No distribution history available.

DJAN vs PSCX Risk

Fall from peak · 5 years

  • DJAN
  • PSCX
Oct 29, 2021 to Oct 30, 2026. Worst fall: DJAN −9.6% · Jun 2022. Use the arrow keys to read each point.−4%−3%−2%−1%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DJAN 6.1%PSCX 6.0%, better
Return per unit of riskSharpe ratio, 3 years
DJAN 1.39PSCX 1.45, better
Worst fallMax drawdown, 5 years
DJAN −9.6%, betterPSCX −10.2%
Market sensitivityBeta, 5 years
DJAN 0.48PSCX 0.46

Popular comparisons

  • DJANCvsUFEBB

    FT Vest U.S. Equity Deep Buffer ETF - January · Innovator U.S. Equity Ultra Buffer ETF

    Expense ratio
    0.85% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCXBvsUFEBB

    Pacer Swan SOS Conservative (January) ETF · Innovator U.S. Equity Ultra Buffer ETF

    Expense ratio
    0.49% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DJANCvsPSCQB

    FT Vest U.S. Equity Deep Buffer ETF - January · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.85% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCXBvsPSCQB

    Pacer Swan SOS Conservative (January) ETF · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.49% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DJANCvsDFEBC

    FT Vest U.S. Equity Deep Buffer ETF - January · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCXBvsDFEBC

    Pacer Swan SOS Conservative (January) ETF · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.49% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.