APRB vs. PMJA
APRB (Aptus April Buffer ETF) and PMJA (PGIM S&P 500 Max Buffer ETF - January) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. APRB charges 0.25%/yr vs 0.50%/yr for PMJA.
Performance
APRB vs. PMJA - Performance Comparison
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Returns By Period
In the year-to-date period, APRB achieves a 5.47% return, which is significantly higher than PMJA's 2.80% return.
APRB
- 1D
- -0.22%
- 1M
- 0.47%
- 6M
- 4.61%
- YTD
- 5.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMJA
- 1D
- -0.02%
- 1M
- 0.31%
- 6M
- 2.48%
- YTD
- 2.80%
- 1Y
- 6.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB vs. PMJA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APRB Aptus April Buffer ETF | 5.47% | 2.48% |
PMJA PGIM S&P 500 Max Buffer ETF - January | 2.80% | 1.69% |
Correlation
The correlation between APRB and PMJA is 0.89, 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 | 0.89 |
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Return for Risk
APRB vs. PMJA — Risk / Return Rank
APRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PMJA
APRB vs. PMJA - 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 - January (PMJA). 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.
| APRB | PMJA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.73 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.54 | — |
| Martin ratioReturn relative to average drawdown | — | 22.39 | — |
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Drawdowns
APRB vs. PMJA - Drawdown Comparison
The maximum APRB drawdown since its inception was -4.59%, which is greater than PMJA's maximum drawdown of -2.98%. Use the drawdown chart below to compare losses from any high point for APRB and PMJA.
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Drawdown Indicators
| APRB | PMJA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.59% | -2.98% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.45% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.02% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -0.32% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.29% | — |
Volatility
APRB vs. PMJA - Volatility Comparison
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Volatility by Period
| APRB | PMJA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 2.00% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 2.78% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 2.78% | +2.99% |
APRB vs. PMJA - Expense Ratio Comparison
APRB has a 0.25% expense ratio, which is lower than PMJA's 0.50% expense ratio.
Dividends
APRB vs. PMJA - Dividend Comparison
Neither APRB nor PMJA has paid dividends to shareholders.
Frequently Asked Questions
APRB and PMJA have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
APRB is cheaper with a 0.25% expense ratio, compared with 0.50% for PMJA.
APRB and PMJA have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Aptus Capital Advisors and PGIM. Their fees differ too: 0.25% for APRB and 0.50% for PMJA.
Find the right allocation for APRB and PMJA
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