FEBU vs. PMJN

Last updated Aug 1, 2026

FEBU (AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF) and PMJN (PGIM S&P 500 Max Buffer ETF - June) are both Defined Outcome funds. Both are actively managed. Over the past year, FEBU returned 14.95% vs 5.27% for PMJN. Their correlation of 0.86 means they have usually moved in the same direction. FEBU charges 0.74%/yr vs 0.50%/yr for PMJN.

Performance

FEBU vs. PMJN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) and PGIM S&P 500 Max Buffer ETF - June (PMJN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEBU achieves a 6.95% return, which is significantly higher than PMJN's 2.47% return.

FEBU

• 1D: 0.69%
• 1M: 0.09%
• 6M: 5.67%
• YTD: 6.95%
• 1Y: 14.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.02%

PMJN

• 1D: 0.21%
• 1M: 0.38%
• 6M: 1.99%
• YTD: 2.47%
• 1Y: 5.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.86%

*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)
FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF	$35.68K	$44.43K	$83.16K
PMJN PGIM S&P 500 Max Buffer ETF - June	$32.44K	$201.78K	$172.01K

FEBU vs. PMJN - Yearly Performance Comparison

	2026 (YTD)	2025
FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF	6.95%	11.42%
PMJN PGIM S&P 500 Max Buffer ETF - June	2.47%	4.26%

Correlation

The correlation between FEBU and PMJN is 0.87, 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.	0.87
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.86

The correlation between FEBU and PMJN has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

FEBU vs. PMJN — Risk / Return Rank

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

FEBU

FEBU Risk / Return Rank: 58
FEBU Sharpe Ratio Rank: 56
FEBU Sortino Ratio Rank: 53
FEBU Omega Ratio Rank: 53
FEBU Calmar Ratio Rank: 65
FEBU Martin Ratio Rank: 65

PMJN

PMJN Risk / Return Rank: 94
PMJN Sharpe Ratio Rank: 93
PMJN Sortino Ratio Rank: 95
PMJN Omega Ratio Rank: 95
PMJN Calmar Ratio Rank: 93
PMJN Martin Ratio Rank: 96

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.

FEBU vs. PMJN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) and PGIM S&P 500 Max Buffer ETF - June (PMJN). 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.

	FEBU	PMJN	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.55	-1.20
Sortino ratio: Return per unit of downside risk	1.89	3.96	-2.07
Omega ratio: Gain probability vs. loss probability	1.24	1.57	-0.34
Calmar ratio: Return relative to maximum drawdown	2.29	4.55	-2.26
Martin ratio: Return relative to average drawdown	7.87	22.34	-14.48

FEBU vs. PMJN - Sharpe Ratio Comparison

The current FEBU Sharpe Ratio is 1.35, which is lower than the PMJN Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of FEBU and PMJN, 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

FEBU vs. PMJN - Drawdown Comparison

The maximum FEBU drawdown since its inception was -11.73%, which is greater than PMJN's maximum drawdown of -1.15%. Use the drawdown chart below to compare losses from any high point for FEBU and PMJN.

Drawdown Indicators

	FEBU	PMJN	Difference
Max Drawdown Largest peak-to-trough decline	-11.73%	-1.15%	-10.58%
Max Drawdown (1Y) Largest decline over 1 year	-5.99%	-1.15%	-4.84%
Current Drawdown Current decline from peak	-1.73%	-0.09%	-1.64%
Average Drawdown Average peak-to-trough decline	-1.89%	-0.11%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	0.23%	+1.51%

Volatility

FEBU vs. PMJN - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF (FEBU) has a higher volatility of 2.92% compared to PGIM S&P 500 Max Buffer ETF - June (PMJN) at 0.73%. This indicates that FEBU's price experiences larger fluctuations and is considered to be riskier than PMJN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEBU	PMJN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	0.73%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	7.36%	1.81%	+5.55%
Volatility (1Y) Calculated over the trailing 1-year period	10.18%	2.05%	+8.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.48%	1.96%	+9.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.48%	1.96%	+9.52%

FEBU vs. PMJN - Expense Ratio Comparison

FEBU has a 0.74% expense ratio, which is higher than PMJN's 0.50% expense ratio.

Dividends

FEBU vs. PMJN - Dividend Comparison

Neither FEBU nor PMJN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FEBU and PMJN in my portfolio?

FEBU and PMJN have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEBU or PMJN?

FEBU has higher volatility (2.92%) compared to PMJN (0.73%). In terms of maximum drawdown, FEBU dropped -11.73% vs PMJN's -1.15%.

Which ETF is better, FEBU or PMJN?

On 1-year performance, FEBU leads with 14.95% vs 5.27% for PMJN. On fees, PMJN is cheaper at 0.50% per year. On volatility, PMJN has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEBU or PMJN?

Over the 1-year period, FEBU has performed better with a 14.95% return vs 5.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEBU or PMJN?

PMJN is cheaper with a 0.50% expense ratio, compared with 0.74% for FEBU.

Which ETF pays a higher dividend yield, FEBU or PMJN?

FEBU and PMJN have nearly identical dividend yields, around 0.00%.

What is the main difference between FEBU and PMJN?

They also come from different issuers: Allianz and PGIM. Their fees differ too: 0.74% for FEBU and 0.50% for PMJN.

Which has better risk-adjusted returns?

PMJN currently has the higher Sharpe Ratio (2.55 vs 1.35), 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.