ARLU vs. PBMR

Last updated Apr 1, 2026

Compare and contrast key facts about Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and PGIM US Large-Cap Buffer 20 ETF - March (PBMR).

ARLU and PBMR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARLU is an actively managed fund by Allianz. It was launched on Mar 28, 2024. PBMR is an actively managed fund by PGIM. It was launched on Feb 29, 2024.

Performance

ARLU vs. PBMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and PGIM US Large-Cap Buffer 20 ETF - March (PBMR). The values are adjusted to include any dividend payments, if applicable.

ARLU vs. PBMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	-5.35%	11.27%	9.00%
PBMR PGIM US Large-Cap Buffer 20 ETF - March	-0.59%	10.89%	8.52%

Returns By Period

In the year-to-date period, ARLU achieves a -5.35% return, which is significantly lower than PBMR's -0.59% return.

ARLU

• 1D: 2.91%
• 1M: -5.47%
• YTD: -5.35%
• 6M: -3.66%
• 1Y: 11.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PBMR

• 1D: 1.40%
• 1M: -1.72%
• YTD: -0.59%
• 6M: 1.64%
• 1Y: 10.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARLU vs. PBMR - Expense Ratio Comparison

ARLU has a 0.74% expense ratio, which is higher than PBMR's 0.50% expense ratio.

ARLU

Allianzim U.S. Equity Buffer15 Uncapped Apr ETF

PBMR

PGIM US Large-Cap Buffer 20 ETF - March

Return for Risk

ARLU vs. PBMR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARLU

ARLU Risk / Return Rank: 45
ARLU Sharpe Ratio Rank: 42
ARLU Sortino Ratio Rank: 42
ARLU Omega Ratio Rank: 41
ARLU Calmar Ratio Rank: 46
ARLU Martin Ratio Rank: 54

PBMR

PBMR Risk / Return Rank: 76
PBMR Sharpe Ratio Rank: 70
PBMR Sortino Ratio Rank: 75
PBMR Omega Ratio Rank: 86
PBMR Calmar Ratio Rank: 66
PBMR Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARLU vs. PBMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) and PGIM US Large-Cap Buffer 20 ETF - March (PBMR). 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.

	ARLU	PBMR	Difference
Sharpe ratio Return per unit of total volatility	0.80	1.28	-0.48
Sortino ratio Return per unit of downside risk	1.21	1.94	-0.73
Omega ratio Gain probability vs. loss probability	1.17	1.35	-0.18
Calmar ratio Return relative to maximum drawdown	1.23	1.73	-0.50
Martin ratio Return relative to average drawdown	5.35	10.27	-4.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARLU vs. PBMR - Sharpe Ratio Comparison

The current ARLU Sharpe Ratio is 0.80, which is lower than the PBMR Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of ARLU and PBMR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARLU	PBMR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.28	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.40	-0.84

Correlation

The correlation between ARLU and PBMR is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ARLU vs. PBMR - Dividend Comparison

Neither ARLU nor PBMR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ARLU vs. PBMR - Drawdown Comparison

The maximum ARLU drawdown since its inception was -15.38%, which is greater than PBMR's maximum drawdown of -7.64%. Use the drawdown chart below to compare losses from any high point for ARLU and PBMR.

Drawdown Indicators

	ARLU	PBMR	Difference
Max Drawdown Largest peak-to-trough decline	-15.38%	-7.64%	-7.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-6.14%	-3.52%
Current Drawdown Current decline from peak	-7.04%	-1.97%	-5.07%
Average Drawdown Average peak-to-trough decline	-2.30%	-0.53%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	1.03%	+1.18%

Volatility

ARLU vs. PBMR - Volatility Comparison

Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) has a higher volatility of 5.40% compared to PGIM US Large-Cap Buffer 20 ETF - March (PBMR) at 2.60%. This indicates that ARLU's price experiences larger fluctuations and is considered to be riskier than PBMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARLU	PBMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	2.60%	+2.80%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	3.37%	+6.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	8.06%	+5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.79%	6.77%	+6.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.79%	6.77%	+6.02%