PMFB Alternatives & Similar ETFs

PGIM S&P 500 Max Buffer ETF - February (PMFB) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PMFB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to PMFB

PMFB charges 0.50% annually. There are 5 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.

Symbol	Name	Expense Ratio	AUM	Inception
JANB	Aptus January Buffer ETF	0.25%	—	Oct 2025	PMFB vs JANB
OCTB	Aptus October Buffer ETF	0.25%	—	Oct 2025	PMFB vs OCTB
JULB	Aptus July Buffer ETF	0.25%	—	Oct 2025	PMFB vs JULB
APRB	Aptus April Buffer ETF	0.25%	—	Oct 2025	PMFB vs APRB
FBUF	Fidelity Dynamic Buffered Equity ETF	0.48%	—	Apr 2024	PMFB vs FBUF

Best Risk-Adjusted Alternatives to PMFB

PMFB has a PortfoliosLab risk / return rank of 96. There are 26 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.

Symbol	Name	Risk / Return Rank	AUM	Inception
PMAP	PGIM S&P 500 Max Buffer ETF - April	99	—	Mar 2025	PMFB vs PMAP
MMAX	iShares Large Cap Max Buffer Mar ETF	98	—	Mar 2025	PMFB vs MMAX
CPSP	Calamos S&P 500 Structured Alt Protection ETF - Ap...	98	21.00M	Apr 2025	PMFB vs CPSP
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	98	—	Apr 2025	PMFB vs ZAPR
XBAP	Innovator U.S. Equity Accelerated 9 Buffer ETF - A...	98	132.07M	Mar 2021	PMFB vs XBAP

Top Performing PMFB Alternatives (YTD)

PMFB is at 3.58% YTD. There are 235 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.

Symbol	Name	YTD Return	AUM	Inception
NVDO	Leverage Shares 2x Capped Accelerated NVDA Monthly...	16.35%	—	Aug 2025	PMFB vs NVDO
QB	ProShares Nasdaq-100 Dynamic Daily Buffer ETF	15.42%	2.87M	Jun 2025	PMFB vs QB
KFEB	Innovator U.S. Small Cap Power Buffer ETF - Februa...	15.11%	—	Jan 2025	PMFB vs KFEB
KAPR	Innovator Russell 2000 Power Buffer ETF - April	14.23%	214.27M	Mar 2020	PMFB vs KAPR
UXJA	FT Vest U.S. Equity Uncapped Accelerator ETF - Jan...	14.20%	—	Jan 2025	PMFB vs UXJA

Lowest Volatility Alternatives to PMFB

PMFB has 2.06% 1-year volatility. There are 17 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.18%.

Symbol	Name	Volatility 1Y	AUM	Inception
PMAP	PGIM S&P 500 Max Buffer ETF - April	1.18%	—	Mar 2025	PMFB vs PMAP
APXM	FT Vest U.S. Equity Max Buffer ETF - April	1.36%	—	Apr 2025	PMFB vs APXM
CPSP	Calamos S&P 500 Structured Alt Protection ETF - Ap...	1.39%	21.00M	Apr 2025	PMFB vs CPSP
PMMY	PGIM S&P 500 Max Buffer ETF - May	1.41%	—	Apr 2025	PMFB vs PMMY
MMAX	iShares Large Cap Max Buffer Mar ETF	1.44%	—	Mar 2025	PMFB vs MMAX

Lowest Drawdown Alternatives to PMFB

PMFB has a 1-year max drawdown of -1.34%. There are 27 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
PMAP	PGIM S&P 500 Max Buffer ETF - April	-0.35%	—	Mar 2025	PMFB vs PMAP
CPSP	Calamos S&P 500 Structured Alt Protection ETF - Ap...	-0.37%	21.00M	Apr 2025	PMFB vs CPSP
ZAPR	Innovator Equity Defined Protection ETF - 1 Yr Apr...	-0.40%	—	Apr 2025	PMFB vs ZAPR
MMAX	iShares Large Cap Max Buffer Mar ETF	-0.46%	—	Mar 2025	PMFB vs MMAX
CPSM	Calamos S&P 500 Structured Alt Protection ETF - Ma...	-0.49%	56.60M	May 2024	PMFB vs CPSM

Other ETFs from PGIM

The 10 most viewed PGIM ETFs shown here include PAAA, PULS, PFRL and span 9 categories. AUM among these funds goes as high as $18B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PAAA	PGIM AAA CLO ETF	CLO	99	2.80%	11.25B	Jul 2023	PMFB vs PAAA
PULS	PGIM Ultra Short Bond ETF	Ultrashort Bond	99	2.43%	18.30B	Apr 2018	PMFB vs PULS
PFRL	PGIM Floating Rate Income ETF	Bank Loan	93	3.12%	121.63M	May 2022	PMFB vs PFRL
PHYL	PGIM Active High Yield Bond ETF	High Yield Bonds	58	2.08%	1.39B	Sep 2018	PMFB vs PHYL
PSDM	PGIM Short Duration Multi-Sector Bond ETF	Multisector Bonds	89	1.75%	—	Jul 2023	PMFB vs PSDM
BUFP	PGIM Laddered S&P 500 Buffer 12 ETF	Defined Outcome, S&P 500	89	8.45%	223.70M	Jun 2024	PMFB vs BUFP
PBFR	PGIM Laddered S&P 500 Buffer 20 ETF	Defined Outcome, S&P 500	93	6.30%	203.06M	Jun 2024	PMFB vs PBFR
PUSH	PGIM Ultra Short Municipal Bond ETF	Municipal Bonds	90	1.64%	106.99M	Jun 2024	PMFB vs PUSH
PSH	PGIM Short Duration High Yield ETF	High Yield Bonds	76	2.71%	173.89M	Dec 2023	PMFB vs PSH
PJFV	PGIM Jennison Focused Value ETF	Large Cap Value Equities	93	22.66%	125.07M	Dec 2022	PMFB vs PJFV

Often Compared With PMFB

Investors most often compare PMFB with VOO, PQAP, TMAR. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VOO	Vanguard S&P 500 ETF	S&P 500	72	13.52%	1.70T	Sep 2010	PMFB vs VOO
PQAP	PGIM Nasdaq-100 Buffer 12 ETF - April	Defined Outcome, Nasdaq-100	97	12.70%	26.30M	Dec 2024	PMFB vs PQAP
TMAR	FT Vest Emerging Markets Buffer ETF - March	Defined Outcome	79	13.33%	—	Mar 2025	PMFB vs TMAR
VOOG	Vanguard S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	49	14.84%	26.40B	Sep 2010	PMFB vs VOOG
CBXA	Calamos Bitcoin 90 Series Structured Alt Protectio...	Defined Outcome	1	-20.14%	—	Apr 2025	PMFB vs CBXA
JAJL	Innovator Equity Defined Protection ETF - 6 Mo Jan...	Defined Outcome	97	3.85%	265.75M	Jun 2024	PMFB vs JAJL
RWL	Invesco S&P 500 Revenue ETF	S&P 500	95	17.78%	9.68B	Feb 2008	PMFB vs RWL
PBAU	PGIM S&P 500 Buffer 20 ETF - August	Defined Outcome	91	6.83%	—	May 2024	PMFB vs PBAU
SPHQ	Invesco S&P 500 Quality ETF	Quality Factor, S&P 500, Large Cap Blend Equities	62	16.16%	19.45B	Dec 2005	PMFB vs SPHQ
SPXT	ProShares S&P 500 Ex-Technology ETF	S&P 500	64	8.78%	283.57M	Sep 2015	PMFB vs SPXT
BUFY	FT Vest Laddered International Moderate Buffer ETF	Defined Outcome	79	7.46%	—	Sep 2024	PMFB vs BUFY
SPYM	State Street SPDR Portfolio S&P 500 ETF	S&P 500	72	13.55%	160.81B	Nov 2005	PMFB vs SPYM
IVV	iShares Core S&P 500 ETF	S&P 500	72	13.51%	869.20B	May 2000	PMFB vs IVV
LCOW	Pacer S&P 500 Quality FCF Aristocrats ETF	Quality Factor, S&P 500	60	11.52%	—	May 2025	PMFB vs LCOW
PQOC	PGIM Nasdaq-100 Buffer 12 ETF - October	Defined Outcome, Nasdaq-100	72	10.34%	22.24M	Dec 2024	PMFB vs PQOC
CPSD	Calamos S&P 500 Structured Alt Protection ETF - De...	Defined Outcome, S&P 500	95	3.55%	44.50M	Dec 2024	PMFB vs CPSD
XLG	Invesco S&P 500 Top 50 ETF	S&P 500	41	6.54%	10.56B	May 2005	PMFB vs XLG
QVMT	Invesco S&P S&P 500 Concentrated QVM ETF	S&P 500	85	16.69%	133.44M	Oct 2015	PMFB vs QVMT
PMJN	PGIM S&P 500 Max Buffer ETF - June	Defined Outcome, S&P 500	95	3.14%	—	May 2025	PMFB vs PMJN
MARM	FT Vest U.S. Equity Max Buffer ETF - March	Defined Outcome	98	4.04%	107.97M	Mar 2024	PMFB vs MARM

Compare PMFB with Any Fund or Stock

Compare PMFB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair PMFB with funds that move differently

PGIM S&P 500 Max Buffer ETF - February alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PMFB.

Explore PMFB Diversifiers

PGIM S&P 500 Max Buffer ETF - February (PMFB) Alternatives