DECP vs JANZ
PGIM S&P 500 Buffer 12 ETF - December vs TrueShares Structured Outcome (January) ETF
Which is better, DECP or JANZ?
Nearly the same fund. DECP costs less.
DECP has a lower expense ratio. DECP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DECP | JANZ |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.80% |
| AUM | $34M | $42M |
| Dividend Yield | 0.00% | 1.30% |
| Holdings | 14 | 32 |
| YTD Return | +10.38%Best | +9.88% |
| 1Y Return | +14.98%Best | +10.64% |
| 3Y Return (annualized) | - | +15.48% |
| 5Y Return (annualized) | - | +9.90% |
| Volatility (annualized) | 6.8%Best | 8.9% |
| Max Drawdown | -12.1%Best | -14.3% |
| $10,000 over 2.4 years | $13,426Best | $13,255 |
| Fund Family | PGIM Investments | TrueShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 24, 2024 | Dec 31, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 24, 2024 to Oct 14, 2026 (2.4 years).
DECP vs JANZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
DECP vs JANZ Performance
PGIM S&P 500 Buffer 12 ETF - December (DECP) is an ETF from PGIM Investments and TrueShares Structured Outcome (January) ETF (JANZ) is an ETF from TrueShares. Over the past year DECP returned +14.98% while JANZ returned +10.64%. Year to date, DECP is up 10.38% versus a gain of 9.88% for JANZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JANZ has been the more volatile fund, with annualized monthly volatility of 8.9% compared with 6.8% for DECP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -12.1% for DECP and -14.3% for JANZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DECP charges 0.50% per year while JANZ charges 0.80%. On a $10,000 position that is $50 vs $80 annually, a gap of $30 per year that compounds over a long holding period. On income, DECP currently yields 0.00% against 1.30% for JANZ.
You are not choosing between two funds in isolation.
Whichever of DECP and JANZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DECP or JANZ?
DECP has an expense ratio of 0.50% while JANZ charges 0.80%. DECP is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, DECP or JANZ?
Over the past year DECP returned +14.98% vs +10.64% for JANZ, so DECP leads on 1-year performance. Over the longest common window we track (2 years), DECP annualized +13.06% vs +12.46% for JANZ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DECP or JANZ?
JANZ has been the more volatile fund at 8.9% annualized versus 6.8% for DECP. Worst drawdown: DECP -12.1% vs JANZ -14.3%.
Should I hold both DECP and JANZ?
DECP and JANZ have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, DECP or JANZ?
DECP yields 0.00% while JANZ yields 1.30%, so JANZ currently pays the higher dividend yield.
Is JANZ better than DECP?
DECP has a lower expense ratio. DECP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.