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

ETF · Currency in USD · Last updated Jun 4, 2026

The PGIM S&P 500 Max Buffer ETF - February seeks returns that match the price return of the SPDR S&P 500 ETF Trust up to a cap while seeking to maximize downside protection against SPY losses over a one-year target outcome period.

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%.

SymbolNameExpense RatioAUMInception
JANB
Aptus January Buffer ETF0.25%—Oct 2025PMFB vs JANB
APRB
Aptus April Buffer ETF0.25%—Oct 2025PMFB vs APRB
OCTB
Aptus October Buffer ETF0.25%—Oct 2025PMFB vs OCTB
JULB
Aptus July Buffer ETF0.25%—Oct 2025PMFB vs JULB
FBUF
Fidelity Dynamic Buffered Equity ETF0.48%—Apr 2024PMFB vs FBUF

Best Risk-Adjusted Alternatives to PMFB

PMFB has a PortfoliosLab risk / return rank of 95. There are 30 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.

SymbolNameRisk / Return RankAUMInception
PMAP
PGIM S&P 500 Max Buffer ETF - April
99
—Mar 2025PMFB vs PMAP
APXM
FT Vest U.S. Equity Max Buffer ETF - April
99
—Apr 2025PMFB vs APXM
MMAX
iShares Large Cap Max Buffer Mar ETF
99
—Mar 2025PMFB vs MMAX
PMMY
PGIM S&P 500 Max Buffer ETF - May
98
—Apr 2025PMFB vs PMMY
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
98
18.90MApr 2025PMFB vs CPSP

Top Performing PMFB Alternatives (YTD)

PMFB is at 2.56% YTD. There are 219 ETFs in the Defined Outcome category with higher YTD returns, going as high as 18.85%.

SymbolNameYTD ReturnAUMInception
NVDO
Leverage Shares 2x Capped Accelerated NVDA Monthly...
18.85%
—Aug 2025PMFB vs NVDO
TMAR
FT Vest Emerging Markets Buffer ETF - March
14.45%
—Mar 2025PMFB vs TMAR
QMAR
FT Cboe Vest Nasdaq-100 Buffer ETF - March
13.06%
557.94MMar 2021PMFB vs QMAR
PQAP
PGIM Nasdaq-100 Buffer 12 ETF - April
12.09%
7.34MDec 2024PMFB vs PQAP
UXJL
FT Vest U.S. Equity Uncapped Accelerator ETF - Jul...
11.78%
—Jul 2025PMFB vs UXJL

Lowest Volatility Alternatives to PMFB

PMFB has 2.12% 1-year volatility. There are 22 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.

SymbolNameVolatility 1YAUMInception
APXM
FT Vest U.S. Equity Max Buffer ETF - April1.01%—Apr 2025PMFB vs APXM
PMMY
PGIM S&P 500 Max Buffer ETF - May1.12%—Apr 2025PMFB vs PMMY
PMAP
PGIM S&P 500 Max Buffer ETF - April1.15%—Mar 2025PMFB vs PMAP
MMAX
iShares Large Cap Max Buffer Mar ETF1.39%—Mar 2025PMFB vs MMAX
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...1.42%18.90MApr 2025PMFB vs CPSP

Lowest Drawdown Alternatives to PMFB

PMFB has a 1-year max drawdown of -1.34%. There are 29 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.

SymbolNameMax Drawdown 1YAUMInception
APXM
FT Vest U.S. Equity Max Buffer ETF - April
-0.27%
—Apr 2025PMFB vs APXM
PMAP
PGIM S&P 500 Max Buffer ETF - April
-0.34%
—Mar 2025PMFB vs PMAP
MMAX
iShares Large Cap Max Buffer Mar ETF
-0.34%
—Mar 2025PMFB vs MMAX
PMMY
PGIM S&P 500 Max Buffer ETF - May
-0.36%
—Apr 2025PMFB vs PMMY
CPSP
Calamos S&P 500 Structured Alt Protection ETF - Ap...
-0.37%
18.90MApr 2025PMFB vs CPSP

Other ETFs from PGIM

The 10 most viewed PGIM ETFs shown here include PAAA, PULS, PFRL and span 10 categories. AUM among these funds goes as high as $16B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
PAAA
PGIM AAA CLO ETFCLO
99
2.03%
10.16BJul 2023PMFB vs PAAA
PULS
PGIM Ultra Short Bond ETFUltrashort Bond
100
1.73%
16.31BApr 2018PMFB vs PULS
PFRL
PGIM Floating Rate Income ETFBank Loan
91
1.96%
116.67MMay 2022PMFB vs PFRL
PSDM
PGIM Short Duration Multi-Sector Bond ETFMultisector Bonds
89
1.23%
—Jul 2023PMFB vs PSDM
PUSH
PGIM Ultra Short Municipal Bond ETFMunicipal Bonds
88
1.32%
97.02MJun 2024PMFB vs PUSH
BUFP
PGIM Laddered S&P 500 Buffer 12 ETFDefined Outcome, S&P 500
86
6.23%
183.97MJun 2024PMFB vs BUFP
PSH
PGIM Short Duration High Yield ETFHigh Yield Bonds
71
1.88%
161.26MDec 2023PMFB vs PSH
PBFR
PGIM Laddered S&P 500 Buffer 20 ETFDefined Outcome, S&P 500
90
4.52%
154.43MJun 2024PMFB vs PBFR
PTRB
PGIM Total Return Bond ETFIntermediate Core-Plus Bond
40
0.34%
978.28MDec 2021PMFB vs PTRB
PJFG
PGIM Jennison Focused Growth ETFLarge Cap Growth Equities
28
6.64%
154.47MDec 2022PMFB vs PJFG

Often Compared With PMFB

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

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
KFEB
Innovator U.S. Small Cap Power Buffer ETF - Februa...Defined Outcome
74
11.46%
—Jan 2025PMFB vs KFEB
VOO
Vanguard S&P 500 ETFS&P 500
70
10.91%
1.60TSep 2010PMFB vs VOO
JAJL
Innovator Equity Defined Protection ETF - 6 Mo Jan...Defined Outcome
95
2.52%
248.81MJun 2024PMFB vs JAJL
VOOG
Vanguard S&P 500 Growth ETFS&P 500, Large Cap Growth Equities
58
13.78%
24.20BSep 2010PMFB vs VOOG
CBXA
Calamos Bitcoin 90 Series Structured Alt Protectio...Defined Outcome
1
-20.06%
—Apr 2025PMFB vs CBXA
SPHQ
Invesco S&P 500 Quality ETFS&P 500, Large Cap Value Equities
54
15.48%
18.88BDec 2005PMFB vs SPHQ
SPXT
ProShares S&P 500 Ex-Technology ETFS&P 500
41
2.70%
267.81MSep 2015PMFB vs SPXT
SPYM
State Street SPDR Portfolio S&P 500 ETFS&P 500
70
10.98%
146.68BNov 2005PMFB vs SPYM
RWL
Invesco S&P 500 Revenue ETFS&P 500
81
11.07%
9.07BFeb 2008PMFB vs RWL
ZAPR
Innovator Equity Defined Protection ETF - 1 Yr Apr...Defined Outcome
98
3.25%
—Apr 2025PMFB vs ZAPR
EAPR
Innovator Emerging Markets Power Buffer ETF - Apri...Defined Outcome
94
11.39%
100.91MMar 2021PMFB vs EAPR
PQOC
PGIM Nasdaq-100 Buffer 12 ETF - OctoberDefined Outcome, Nasdaq-100
73
9.01%
6.88MDec 2024PMFB vs PQOC
IVV
iShares Core S&P 500 ETFS&P 500
70
10.85%
854.92BMay 2000PMFB vs IVV
XLG
Invesco S&P 500 Top 50 ETFS&P 500
56
7.57%
11.15BMay 2005PMFB vs XLG
XRLV
Invesco S&P 500 ex-Rate Sensitive Low Volatility E...S&P 500——29.20MApr 2015PMFB vs XRLV
PBAU
PGIM S&P 500 Buffer 20 ETF - AugustDefined Outcome
87
4.33%
—May 2024PMFB vs PBAU
CPSD
Calamos S&P 500 Structured Alt Protection ETF - De...Defined Outcome, S&P 500
94
2.55%
44.50MDec 2024PMFB vs CPSD
DMAX
iShares Large Cap Max Buffer December ETFDefined Outcome
94
2.34%
136.60MDec 2024PMFB vs DMAX
PMJN
PGIM S&P 500 Max Buffer ETF - JuneDefined Outcome, S&P 500
95
2.33%
—May 2025PMFB vs PMJN
BUFI
AB International Buffer ETFDefined Outcome, Foreign Large Cap Equities
47
4.92%
122.81MDec 2024PMFB vs BUFI

Compare PMFB with Any Fund or Stock

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

 

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