JANM vs SSO
FT Vest US Equity Max Buffer ETF - January vs ProShares Ultra S&P500
Which is better, JANM or SSO?
SSO has been ahead.
SSO has a lower expense ratio. SSO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94.
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 | JANM | SSO |
|---|---|---|
| Expense Ratio | 0.85% | 0.84%Best |
| AUM | $37M | $9.2B |
| Dividend Yield | 0.00% | 0.69% |
| Holdings | 10 | 521 |
| YTD Return | +4.46% | +21.98%Best |
| 1Y Return | +6.35% | +28.56%Best |
| 3Y Return (annualized) | - | +37.60% |
| 5Y Return (annualized) | - | +17.88% |
| Volatility (annualized) | 2.5%Best | 26.0% |
| Max Drawdown | -2.8%Best | -35.2% |
| $10,000 over 1.7 years | $11,032 | $14,558Best |
| Fund Family | First Trust Portfolios (US) | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jan 17, 2025 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 21, 2025 to Oct 14, 2026 (1.7 years).
JANM vs SSO 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 1.7 years both funds cover.
JANM vs SSO Performance
FT Vest US Equity Max Buffer ETF - January (JANM) is an ETF from First Trust Portfolios (US) and ProShares Ultra S&P500 (SSO) is an ETF from ProShares. Over the past year JANM returned +6.35% while SSO returned +28.56%. Year to date, JANM is up 4.46% versus a gain of 21.98% for SSO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SSO has been the more volatile fund, with annualized monthly volatility of 26.0% compared with 2.5% for JANM. 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 -2.8% for JANM and -35.2% for SSO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JANM charges 0.85% per year while SSO charges 0.84%. On a $10,000 position that is $85 vs $84 annually, a gap of $1 per year that compounds over a long holding period. On income, JANM currently yields 0.00% against 0.69% for SSO.
You are not choosing between two funds in isolation.
Whichever of JANM and SSO 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, JANM or SSO?
JANM has an expense ratio of 0.85% while SSO charges 0.84%. SSO is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, JANM or SSO?
Over the past year JANM returned +6.35% vs +28.56% for SSO, so SSO leads on 1-year performance. Over the longest common window we track (2 years), JANM annualized +5.95% vs +24.72% for SSO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JANM or SSO?
SSO has been the more volatile fund at 26.0% annualized versus 2.5% for JANM. Worst drawdown: JANM -2.8% vs SSO -35.2%.
Should I hold both JANM and SSO?
JANM and SSO have a monthly-return correlation of 0.94, 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, JANM or SSO?
JANM yields 0.00% while SSO yields 0.69%, so SSO currently pays the higher dividend yield.
Is SSO better than JANM?
SSO has a lower expense ratio. SSO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.