- Issuer
- PGIM
- Inception Date
- Oct 31, 2025
- Region
- North America (U.S.)
- Category
- Defined Outcome, S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- US
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $6M
Share Price Chart
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Performance
PMNV Performance Chart
PGIM S&P 500 Max Buffer ETF - November (PMNV) is up 2.6% since the beginning of the year. PMNV is currently trading at $26 per share.
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Returns By Period
PGIM S&P 500 Max Buffer ETF - November
- 1D
- -0.35%
- 1M
- 0.31%
- YTD
- 2.61%
- 6M
- 2.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMNV Monthly Returns History
Based on dividend-adjusted daily data since Nov 3, 2025, PMNV's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 75% of months were positive and 25% were negative. The best month was Apr 2026 with a return of +2.2%, while the worst month was Mar 2026 at -0.9%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, PMNV closed higher 61% of trading days. The best single day was Apr 8, 2026 with a return of +0.7%, while the worst single day was Jan 20, 2026 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 0.10% | -0.93% | 2.20% | 1.04% | -0.28% | 2.61% | ||||||
| 2025 | 0.18% | 0.36% | 0.54% |
Benchmark Metrics
PGIM S&P 500 Max Buffer ETF - November has an annualized alpha of 2.91%, beta of 0.18, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since November 04, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (17.30%) than losses (7.18%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.91% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.18 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.91%
- Beta
- 0.18
- R²
- 0.85
- Upside Capture
- 17.30%
- Downside Capture
- 7.18%
Expense Ratio
PMNV has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - November (PMNV) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
PGIM S&P 500 Max Buffer ETF - November provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.00 | $0.00 |
Dividend yield | 0.00% | 0.00% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM S&P 500 Max Buffer ETF - November. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM S&P 500 Max Buffer ETF - November. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM S&P 500 Max Buffer ETF - November was 1.65%, occurring on Mar 30, 2026. Recovery took 10 trading sessions.
The current PGIM S&P 500 Max Buffer ETF - November drawdown is 0.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -1.65%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2025 pullback2025 | -0.75%Nov 2025 | 8d | 8d | 16dNov 2025 - Nov 2025 |
2026 pullback2026 | -0.45%Jan 2026 | 7d | 6d | 13dJan 2026 - Jan 2026 |
2026 pullback2026 | -0.43%Feb 2026 | 2d | 4d | 6dFeb 2026 - Feb 2026 |
2025 pullback2025 | -0.42%Dec 2025 | 5d | 5d | 10dDec 2025 - Dec 2025 |
Drawdown Indicators
| PMNV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.65% | -9.10% | +7.45% |
Current DrawdownCurrent decline from peak | -0.35% | -2.97% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -1.13% | +0.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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