DJUL vs. PBMR

Last updated Aug 2, 2026

DJUL (FT Cboe Vest U.S. Equity Deep Buffer ETF - July) and PBMR (PGIM US Large-Cap Buffer 20 ETF - March) are both Options Trading funds. DJUL is passively managed, while PBMR is actively managed. Over the past year, DJUL returned 11.98% vs 11.19% for PBMR. Their correlation of 0.90 means they have usually moved in the same direction. DJUL charges 0.85%/yr vs 0.50%/yr for PBMR.

Performance

DJUL vs. PBMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL) and PGIM US Large-Cap Buffer 20 ETF - March (PBMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DJUL achieves a 6.22% return, which is significantly higher than PBMR's 5.64% return.

DJUL

• 1D: 0.35%
• 1M: 0.67%
• 6M: 5.45%
• YTD: 6.22%
• 1Y: 11.98%
• 3Y*: 12.72%
• 5Y*: 9.04%
• 10Y*: —
• ALL TIME*: 8.78%

PBMR

• 1D: 0.10%
• 1M: 0.43%
• 6M: 5.00%
• YTD: 5.64%
• 1Y: 11.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DJUL FT Cboe Vest U.S. Equity Deep Buffer ETF - July	$2.52M	$2.31M	$1.04M
PBMR PGIM US Large-Cap Buffer 20 ETF - March	$133.52K	$127.56K	$298.37K

DJUL vs. PBMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DJUL FT Cboe Vest U.S. Equity Deep Buffer ETF - July	6.22%	13.31%	10.27%
PBMR PGIM US Large-Cap Buffer 20 ETF - March	5.64%	10.89%	9.62%

Correlation

The correlation between DJUL and PBMR is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (All Time) Calculated using the full available price history since Mar 1, 2024	0.90

The correlation between DJUL and PBMR has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

DJUL vs. PBMR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DJUL

DJUL Risk / Return Rank: 86
DJUL Sharpe Ratio Rank: 87
DJUL Sortino Ratio Rank: 89
DJUL Omega Ratio Rank: 91
DJUL Calmar Ratio Rank: 75
DJUL Martin Ratio Rank: 90

PBMR

PBMR Risk / Return Rank: 91
PBMR Sharpe Ratio Rank: 91
PBMR Sortino Ratio Rank: 93
PBMR Omega Ratio Rank: 94
PBMR Calmar Ratio Rank: 84
PBMR Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DJUL vs. PBMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL) 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.

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.

	DJUL	PBMR	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.35	-0.25
Sortino ratio: Return per unit of downside risk	3.13	3.53	-0.40
Omega ratio: Gain probability vs. loss probability	1.44	1.49	-0.06
Calmar ratio: Return relative to maximum drawdown	2.65	3.19	-0.54
Martin ratio: Return relative to average drawdown	14.36	18.05	-3.69

DJUL vs. PBMR - Sharpe Ratio Comparison

The current DJUL Sharpe Ratio is 2.11, which is comparable to the PBMR Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of DJUL and PBMR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DJUL vs. PBMR - Drawdown Comparison

The maximum DJUL drawdown since its inception was -12.54%, which is greater than PBMR's maximum drawdown of -7.64%. Use the drawdown chart below to compare losses from any high point for DJUL and PBMR.

Drawdown Indicators

	DJUL	PBMR	Difference
Max Drawdown Largest peak-to-trough decline	-12.54%	-7.64%	-4.90%
Max Drawdown (1Y) Largest decline over 1 year	-4.25%	-3.33%	-0.92%
Max Drawdown (3Y) Largest decline over 3 years	-11.29%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.54%	—	—
Current Drawdown Current decline from peak	0.00%	-0.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-1.95%	-0.49%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.59%	+0.19%

Volatility

DJUL vs. PBMR - Volatility Comparison

FT Cboe Vest U.S. Equity Deep Buffer ETF - July (DJUL) has a higher volatility of 1.51% compared to PGIM US Large-Cap Buffer 20 ETF - March (PBMR) at 1.43%. This indicates that DJUL'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

	DJUL	PBMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	1.43%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	4.24%	3.81%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	5.35%	4.51%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.41%	6.50%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.86%	6.50%	+1.36%

DJUL vs. PBMR - Expense Ratio Comparison

DJUL has a 0.85% expense ratio, which is higher than PBMR's 0.50% expense ratio.

Dividends

DJUL vs. PBMR - Dividend Comparison

Neither DJUL nor PBMR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DJUL and PBMR in my portfolio?

DJUL and PBMR 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.

Which is riskier, DJUL or PBMR?

DJUL has higher volatility (1.51%) compared to PBMR (1.43%). In terms of maximum drawdown, DJUL dropped -12.54% vs PBMR's -7.64%.

Which ETF is better, DJUL or PBMR?

On 1-year performance, DJUL leads with 11.98% vs 11.19% for PBMR. On fees, PBMR is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DJUL or PBMR?

Over the 1-year period, DJUL has performed better with a 11.98% return vs 11.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DJUL or PBMR?

PBMR is cheaper with a 0.50% expense ratio, compared with 0.85% for DJUL.

Which ETF pays a higher dividend yield, DJUL or PBMR?

DJUL and PBMR have nearly identical dividend yields, around 0.00%.

What is the main difference between DJUL and PBMR?

They also come from different issuers: FT Vest and PGIM. Their fees differ too: 0.85% for DJUL and 0.50% for PBMR.

Which has better risk-adjusted returns?

PBMR currently has the higher Sharpe Ratio (2.35 vs 2.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.