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 January Buffer ETF | 0.25% | — | Oct 2025 | PMMY vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | PMMY vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | PMMY vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | PMMY vs JULB | |
| 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 3 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 | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | PMMY vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | PMMY vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | PMMY vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | PMMY vs ZAPR |
Top Performing PMMY Alternatives (YTD)
PMMY is at 2.19% YTD. There are 243 ETFs in the Defined Outcome category with higher YTD returns, going as high as 18.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 18.85% | — | Aug 2025 | PMMY vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 14.45% | — | Mar 2025 | PMMY vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.06% | 557.94M | Mar 2021 | PMMY vs QMAR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 12.09% | 7.34M | Dec 2024 | PMMY vs PQAP | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 11.78% | — | Jul 2025 | PMMY vs UXJL |
Lowest Volatility Alternatives to PMMY
PMMY has 1.12% 1-year volatility. There is 1 ETF in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | PMMY vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | PMMY vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | PMMY vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | PMMY vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr May | 1.45% | — | May 2025 | PMMY vs ZMAY |
Lowest Drawdown Alternatives to PMMY
PMMY has a 1-year max drawdown of -0.36%. There are 3 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | PMMY vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | PMMY vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | PMMY vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | PMMY vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr May | -0.39% | — | May 2025 | PMMY vs ZMAY |
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.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM AAA CLO ETF | CLO | 99 | 2.03% | 10.16B | Jul 2023 | PMMY vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 100 | 1.73% | 16.31B | Apr 2018 | PMMY vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 91 | 1.96% | 116.67M | May 2022 | PMMY vs PFRL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 89 | 1.23% | — | Jul 2023 | PMMY vs PSDM | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 88 | 1.32% | 97.02M | Jun 2024 | PMMY vs PUSH | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 86 | 6.23% | 183.97M | Jun 2024 | PMMY vs BUFP | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 71 | 1.88% | 161.26M | Dec 2023 | PMMY vs PSH | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 90 | 4.52% | 154.43M | Jun 2024 | PMMY vs PBFR | |
| PGIM Total Return Bond ETF | Intermediate Core-Plus Bond | 40 | 0.34% | 978.28M | Dec 2021 | PMMY vs PTRB | |
| PGIM Jennison Focused Growth ETF | Large Cap Growth Equities | 28 | 6.64% | 154.47M | Dec 2022 | PMMY vs PJFG |
Often Compared With PMMY
Investors most often compare PMMY with XBJL, PQOC, CPSU. 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