PGIM S&P 500 Max Buffer ETF - May (PMMY) 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 PMMY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PMMY
PMMY 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 | |
|---|---|---|---|---|---|
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | PMMY vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | PMMY vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | PMMY vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | PMMY vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | PMMY vs FBUF |
Best Risk-Adjusted Alternatives to PMMY
PMMY has a PortfoliosLab risk / return rank of 98. There are 10 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | PMMY vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | PMMY vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | PMMY vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | PMMY vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | PMMY vs XBAP |
Top Performing PMMY Alternatives (YTD)
PMMY is at 2.42% YTD. There are 252 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | PMMY vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.68% | — | Jan 2025 | PMMY vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.02% | 214.51M | Mar 2020 | PMMY vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.77% | 568.10M | Mar 2021 | PMMY vs QMAR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.67% | 2.84M | Jun 2025 | PMMY vs QB |
Lowest Volatility Alternatives to PMMY
PMMY has 1.31% 1-year volatility. There are 2 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | PMMY vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | PMMY vs APXM | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | PMMY vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | PMMY vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 1.47% | — | Apr 2025 | PMMY vs ZAPR |
Lowest Drawdown Alternatives to PMMY
PMMY has a 1-year max drawdown of -0.60%. There are 6 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | PMMY vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | PMMY vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | PMMY vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | PMMY vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | PMMY vs CPSM |
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 $18B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM AAA CLO ETF | CLO | 99 | 2.51% | 10.35B | Jul 2023 | PMMY vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 99 | 2.15% | 17.62B | Apr 2018 | PMMY vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 93 | 2.75% | 118.91M | May 2022 | PMMY vs PFRL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 92 | 1.46% | — | Jul 2023 | PMMY vs PSDM | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 87 | 7.06% | 213.82M | Jun 2024 | PMMY vs BUFP | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 92 | 5.20% | 194.07M | Jun 2024 | PMMY vs PBFR | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 93 | 1.66% | 102.00M | Jun 2024 | PMMY vs PUSH | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 80 | 2.40% | 167.88M | Dec 2023 | PMMY vs PSH | |
| PGIM Total Return Bond ETF | Intermediate Core-Plus Bond | 37 | 0.17% | 1.07B | Dec 2021 | PMMY vs PTRB | |
| PGIM Jennison Focused Growth ETF | Large Cap Growth Equities | 22 | 5.37% | 148.08M | Dec 2022 | PMMY vs PJFG |
Often Compared With PMMY
Investors most often compare PMMY with PQOC, TMAR, XBJL. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare PMMY with Any Fund or Stock
Compare PMMY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PMMY with funds that move differently
PGIM S&P 500 Max Buffer ETF - May alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PMMY.
Explore PMMY Diversifiers