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GJAN vs PSMO

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

GJANCCboe

Pacer Swan SOS Moderate (October) ETF

PSMOBCboe

Overlap

0.0%by weight

Expense ratio

PSMO −0.36pt a year

GJAN0.85%PSMO0.49%

Avg volume · 30D

GJAN 1.6×the volume

GJAN11.5KPSMO7.3K

3Y return · a year

GJAN +0.4pt

GJAN+12.3%PSMO+11.9%

GJAN vs PSMO Performance

Oct 31, 2025 – Nov 2, 2026

+9.5%GJAN+9.7%PSMO

Oct 31, 2025 to Nov 2, 2026. GJAN +9.5%. PSMO +9.7%. Use the arrow keys to read each point.0%2.5%5%Oct 2025May 2026Nov 2026
Expense ratio
GJAN 0.85%
PSMO 0.49%, better
Fund size
GJAN $433M
PSMO $116M
1Y total return
GJAN +9.5%
PSMO +9.7%, better
Holdings
GJAN 3
PSMO 3
Avg volume (30D)
GJAN 11.5K sh, better
PSMO 7.3K sh
NAV per share
GJAN $46.07
PSMO $33.50
52W range

ETF.net Grade

GJAN: Cost 13, Risk 54, Mission not scored, Tradability 65, Holdings 59, Durability 76. PSMO: Cost 70, Risk 54, Mission 95, Tradability 65, Holdings not scored, Durability 66.
Pillar letters and Scores for GJAN, PSMO, with each pillar’s weight
PillarGJANPSMO
Cost30% weightF13A70Higher
Mission25% weightNot scoredA95
Risk15% weightC54C54
Tradability15% weightB65B65
Holdings10% weightB59Not scored
Durability5% weightA76HigherB66

Rank among S&P 500 Buffer 15% funds

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

Same Category. GJAN and PSMO are both graded against the same 51 S&P 500 Buffer 15% funds, so their Grades compare head to head.

S&P 500 Buffer 15%⁠

Category · 51 funds
See all 51 ›

PSMO ranks 1st and GJAN 30th of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 1BPSMOPacer Swan SOS Moderate (October) ETFScore 64
  2. Rank 2BPSMJPacer Swan SOS Moderate (July) ETFScore 59
  3. Rank 30CGFEBFT Vest U.S. Equity Moderate Buffer ETF - FebruaryScore 41
  4. Rank 30CGJANFT Vest U.S. Equity Moderate Buffer ETF - JanuaryScore 41
  5. Rank 33CCAUGCorgi U.S. Equities 15% Structured Buffer ETF - August SeriesScore 40

Our read on each fund

ETF.net Research

GJANCFT Vest U.S. Equity Moderate Buffer ETF - January

PSMOBPacer Swan SOS Moderate (October) ETF

In short

GJAN A 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.

PSMO A 15% cushion against SPY's first losses, reset every October, for 0.49% a year. Most defined-outcome funds charge more, and the trade is a cap on the upside that gets set fresh at the start of each period.

Stated mandate

GJAN 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.

PSMO The fund seeks to track the returns of the SPDR S&P 500 ETF Trust up to a stated cap while buffering the first 15% of losses during an approximately one-year outcome period.

Why people hold it

  • GJAN 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.
  • PSMO Charges 0.49% a year versus a 0.79% median across its 15%-buffer peer group, one of the lower-cost ways to own this structure.
  • Pacer's moderate SOS funds (PSMD, PSMR, PSMJ) all price at 0.49%, while the Innovator power-buffer lineup (POCT, PJUL, PJAN) runs 0.79%.
  • The reference asset is the SPDR S&P 500 ETF Trust itself, not an abstract index, so what's being buffered is a fund you can watch tick by tick.paceretfs.com

Worth knowing

  • GJAN 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.
  • PSMO Buffer and cap are engineered for the full one-year outcome period running October through September. Buy or sell mid-period and you may get neither in full.paceretfs.com
  • Upside stops at a cap reset each October. A runaway rally in the S&P 500 is the scenario this structure hands back in exchange for the 15% cushion.paceretfs.com
  • One of the quieter tickers in the buffer aisle, so spreads and order type matter more here than with the category's household names.

Full GJAN profile⁠

Full PSMO profile⁠

GJAN vs PSMO Holdings

How GJAN and PSMO differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of GJAN and 0.0% of PSMO.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors97.4%
  • Countryby domicile100%

Sector

Sector weights in GJAN and PSMO, widest gap first
SectorMore in GJANMore in PSMO
Consumer DiscretionaryPSMO +1.2 points
TechnologyGJAN +1.0 points
Health CareGJAN +1.1 points
CommunicationPSMO +0.7 points
EnergyGJAN +0.3 points
FinancialsGJAN +0.2 points
UtilitiesPSMO +0.2 points
IndustrialsPSMO +0.2 points
Consumer StaplesPSMO +0.1 points
Real EstatePSMO +0.1 points
MaterialsPSMO +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in GJAN and PSMO, widest gap first
CountryMore in GJANMore in PSMO
United StatesSame weight
SwitzerlandSame weight
ChinaSame weight
MexicoSame weight
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • GJAN102.2%
  • PSMO105.5%

Securities held

  • GJAN2
  • PSMO2

Asset class

GJAN
Multi-Asset
PSMO
Equity

Holdings

  • Only in GJAN2
  • In both0
  • Only in PSMO2

Only in GJAN

2 securities, 100% of GJAN by weight

  • 2027-01-15 State Street® SPDR® S&P 500® ETF Trust C 6.94100.82%
  • 2027-01-15 State Street® SPDR® S&P 500® ETF Trust P 691.680.94%

Only in PSMO

2 securities, 100% of PSMO by weight

  • Spy 09/30/2027 8.47 C97.65%
  • Spy 09/30/2027 762.71 P5.36%

Weight gaps

GJAN and PSMO share no securities.

All 4 GJAN holdings⁠All 6 PSMO holdings⁠

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.

GJAN vs PSMO Cost

Overpaying GJAN vs PSMO

$6,407

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

  • GJAN 0.85%

    $16,199

  • PSMO 0.49%

    $9,792

$10,000
30 years

Cost over time

  • GJAN 0.85%
  • PSMO 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$20K051015202530GJAN $16,199PSMO $9,792

Year by year

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

Expense ratio

  • 0.85%GJAN
  • 0.49%PSMO, cheaper
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

PSMO 5th cheapest of 51 funds

GJAN 37th cheapest of 51 funds

GJAN vs PSMO Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
GJAN None
PSMO None

Distribution history

GJANAll GJAN payments⁠

No distribution history available.

PSMOAll PSMO payments⁠

No distribution history available.

GJAN vs PSMO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GJAN 6.0%PSMO 5.9%, better
Return per unit of riskSharpe ratio, 3 years
GJAN 1.37, betterPSMO 1.31
Worst fallMax drawdown, 5 years
GJAN −10.6%since Jan 2023PSMO −9.8%
Market sensitivityBeta, 5 years
GJAN 0.45PSMO 0.41

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