APRB vs. PMAU

Last updated Jun 23, 2026

APRB (Aptus April Buffer ETF) and PMAU (PGIM S&P 500 Max Buffer ETF - August) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. APRB charges 0.25%/yr vs 0.50%/yr for PMAU.

Performance

APRB vs. PMAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus April Buffer ETF (APRB) and PGIM S&P 500 Max Buffer ETF - August (PMAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APRB achieves a 4.77% return, which is significantly higher than PMAU's 3.18% return.

APRB

• 1D: -0.09%
• 1M: 0.41%
• YTD: 4.77%
• 6M: 4.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMAU

• 1D: 0.04%
• 1M: 0.43%
• YTD: 3.18%
• 6M: 3.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

APRB vs. PMAU - Yearly Performance Comparison

	2026 (YTD)	2025
APRB Aptus April Buffer ETF	4.77%	2.48%
PMAU PGIM S&P 500 Max Buffer ETF - August	3.18%	1.28%

Correlation

The correlation between APRB and PMAU is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.91

Return for Risk

APRB vs. PMAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus April Buffer ETF (APRB) and PGIM S&P 500 Max Buffer ETF - August (PMAU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

APRB vs. PMAU - Drawdown Comparison

The maximum APRB drawdown since its inception was -4.59%, which is greater than PMAU's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for APRB and PMAU.

Drawdown Indicators

	APRB	PMAU	Difference
Max Drawdown Largest peak-to-trough decline	-4.59%	-1.79%	-2.80%
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-0.72%	-0.17%	-0.55%

Volatility

Volatility by Period

	APRB	PMAU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.98%	2.48%	+3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.98%	2.48%	+3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.98%	2.48%	+3.50%

APRB vs. PMAU - Expense Ratio Comparison

APRB has a 0.25% expense ratio, which is lower than PMAU's 0.50% expense ratio.

Dividends

APRB vs. PMAU - Dividend Comparison

Neither APRB nor PMAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both APRB and PMAU in my portfolio?

With a correlation of 0.91, APRB and PMAU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, APRB or PMAU?

On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APRB or PMAU?

APRB is cheaper with a 0.25% expense ratio, compared with 0.50% for PMAU.

Which ETF pays a higher dividend yield, APRB or PMAU?

APRB and PMAU have nearly identical dividend yields, around 0.00%.

What is the main difference between APRB and PMAU?

They also come from different issuers: Aptus Capital Advisors and PGIM. Their fees differ too: 0.25% for APRB and 0.50% for PMAU.