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JANP vs SIXP

PGIM S&P 500 Buffer 12 ETF - January

JANPBCboe

AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF

SIXPBCboe

Overlap

Expense ratio

JANP −0.24pt a year

JANP0.50%SIXP0.74%

Avg volume · 30D

JANP 2.5×the volume

JANP9.46KSIXP3.84K

JANP vs SIXP Performance

Nov 7, 2025 – Nov 9, 2026

+11.9%JANP+11.2%SIXP

Nov 7, 2025 to Nov 9, 2026. JANP +11.9%. SIXP +11.2%. Use the arrow keys to read each point.−2.5%0%2.5%5%7.5%Nov 2025May 2026Nov 2026
Expense ratio
JANP 0.50%, better
SIXP 0.74%
Fund size
JANP $57M
SIXP $215M
1Y total return
JANP +11.9%, better
SIXP +11.2%
Holdings
JANP 4
SIXP 3
Avg volume (30D)
JANP 9.46K sh, better
SIXP 3.84K sh
NAV per share
JANP $35.06
SIXP $33.88
52W range

ETF.net Grade

JANP: Cost 91, Risk 60, Mission not scored, Tradability 28, Holdings not scored, Durability 46. SIXP: Cost 68, Risk 64, Mission not scored, Tradability 35, Holdings 56, Durability 56.
Pillar letters and Scores for JANP, SIXP, with each pillar’s weight
PillarJANPSIXP
Cost30% weightA91HigherB68
Mission25% weightNot scoredNot scored
Risk15% weightB60B64Higher
Tradability15% weightD28D35Higher
Holdings10% weightNot scoredB56
Durability5% weightC46B56Higher

Rank among S&P 500 Buffer 9-12% funds

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

Same Category. JANP and SIXP are both graded against the same 77 S&P 500 Buffer 9-12% funds, so their Grades compare head to head.

S&P 500 Buffer 9-12%⁠

Category · 77 funds
See all 77 ›

JANP ranks 4th and SIXP 18th of 77 funds in the S&P 500 Buffer 9-12% Category.

  1. Rank 1AZALTInnovator U.S. Equity 10 Buffer ETF - QuarterlyScore 76
  2. Rank 2BAUGPPGIM S&P 500 Buffer 12 ETF - AugustScore 66
  3. Rank 2BSIXJAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETFScore 66
  4. Rank 4BJANPPGIM S&P 500 Buffer 12 ETF - JanuaryScore 65
  5. Rank 4BOCTTAllianzIM U.S. Equity Buffer10 Oct ETFScore 65
  6. Rank 18BJULTAllianzIM U.S. Equity Buffer10 Jul ETFScore 58
  7. Rank 18BSIXPAllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETFScore 58
  8. Rank 22BBOCTInnovator U.S. Equity Buffer ETFScore 57

Our read on each fund

ETF.net Research

JANPBPGIM S&P 500 Buffer 12 ETF - January

SIXPBAllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF

In short

JANP No data

SIXP Ten percent of the downside absorbed, the upside capped, and the whole deal re-struck every six months instead of once a year. SIXP is the March/September dial in AllianzIM's semiannual buffer lineup.

Stated mandate

JANP No data

SIXP The Fund is designed to match the share-price return of the SPDR S&P 500 ETF Trust at the end of each six-month Outcome Period, subject to an upside Cap. It also seeks to absorb the first 10% of the reference ETF’s losses.

Why people hold it

JANP No data

  • SIXP Absorbs the first 10% of the reference S&P 500 ETF's decline over each six-month outcome period, with the upside capped.
  • Resets twice a year, in March and September, so the cap is re-struck against fresher pricing more often than in a standard 12-month buffer fund.
  • 0.74% a year, a shade under the typical fee among shallow-buffer funds.
  • A 1940 Act fund holding its own options package rather than a bank note, and it sits in the upper half of a crowded shallow-buffer field.

Worth knowing

JANP No data

  • SIXP The cap is the price of the cushion, and each new cap is set at the reset, moving with volatility and rates. Enter mid-period and your cushion and ceiling differ from the stated terms.
  • It targets the reference ETF's share-price return, so dividends aren't part of the deal, and this fund hasn't been paying distributions.
  • A small, lightly traded fund next to the biggest buffer names, so spreads can be wider.

Full JANP profile⁠

Full SIXP profile⁠

JANP vs SIXP 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.

JANP vs SIXP Cost

Overpaying SIXP vs JANP

$4,328

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

  • JANP 0.50%

    $9,979

  • SIXP 0.74%

    $14,307

$10,000
30 years

Cost over time

  • JANP 0.50%
  • SIXP 0.74%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SIXP $14,307JANP $9,979

Year by year

YearJANPSIXPOverpaying
10$900$1,319$419
20$3,460$5,015$1,555
30$9,979$14,307$4,328

Expense ratio

  • 0.50%JANP, cheaper
  • 0.74%SIXP
  • Middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

JANP 5th cheapest of 77 funds

SIXP 17th cheapest of 77 funds

JANP vs SIXP Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
JANP None
SIXP None

Distribution history

JANPAll JANP payments⁠

No distribution history available.

SIXPAll SIXP payments⁠

No distribution history available.

JANP vs SIXP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
JANP 6.3%since Feb 2024SIXP 6.0%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
JANP 1.33since Feb 2024SIXP 1.27since Apr 2024
Worst fallMax drawdown, 5 years
JANP −12.2%since Jan 2024SIXP −11.3%since Mar 2024
Market sensitivityBeta, 5 years
JANP 0.50SIXP 0.48

Popular comparisons

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    PGIM S&P 500 Buffer 12 ETF - January · Innovator U.S. Equity 10 Buffer ETF - Quarterly

    Expense ratio
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    Category
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  • SIXPBvsZALTA

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  • SIXPBvsAUGPB

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

  • SIXPBvsSIXJB

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    Expense ratio
    0.74% · 0.74%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.