FJUN vs. PMAP

Last updated Jul 15, 2026

FJUN (FT Cboe Vest U.S. Equity Buffer ETF - June) and PMAP (PGIM S&P 500 Max Buffer ETF - April) are both Defined Outcome funds. FJUN is passively managed, while PMAP is actively managed. Over the past year, FJUN returned 11.69% vs 6.61% for PMAP. Their correlation of 0.82 suggests significant overlap in exposure. FJUN charges 0.85%/yr vs 0.50%/yr for PMAP.

Performance

FJUN vs. PMAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) and PGIM S&P 500 Max Buffer ETF - April (PMAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FJUN achieves a 5.64% return, which is significantly higher than PMAP's 3.66% return.

FJUN

• 1D: 0.33%
• 1M: 0.72%
• 6M: 4.94%
• YTD: 5.64%
• 1Y: 11.69%
• 3Y*: 12.91%
• 5Y*: 10.69%
• 10Y*: —

PMAP

• 1D: 0.05%
• 1M: 0.46%
• 6M: 3.43%
• YTD: 3.66%
• 1Y: 6.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FJUN vs. PMAP - Yearly Performance Comparison

	2026 (YTD)	2025
FJUN FT Cboe Vest U.S. Equity Buffer ETF - June	5.64%	14.37%
PMAP PGIM S&P 500 Max Buffer ETF - April	3.66%	5.29%

Correlation

The correlation between FJUN and PMAP is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	0.82

The correlation between FJUN and PMAP has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.

Return for Risk

FJUN vs. PMAP — Risk / Return Rank

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

FJUN

FJUN Risk / Return Rank: 83
FJUN Sharpe Ratio Rank: 81
FJUN Sortino Ratio Rank: 87
FJUN Omega Ratio Rank: 88
FJUN Calmar Ratio Rank: 71
FJUN Martin Ratio Rank: 90

PMAP

PMAP Risk / Return Rank: 99
PMAP Sharpe Ratio Rank: 99
PMAP Sortino Ratio Rank: 99
PMAP Omega Ratio Rank: 99
PMAP Calmar Ratio Rank: 99
PMAP Martin Ratio Rank: 99

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.

FJUN vs. PMAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) and PGIM S&P 500 Max Buffer ETF - April (PMAP). 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.

	FJUN	PMAP	Difference
Sharpe ratio: Return per unit of total volatility	2.03	5.75	-3.72
Sortino ratio: Return per unit of downside risk	3.12	11.38	-8.26
Omega ratio: Gain probability vs. loss probability	1.43	2.61	-1.18
Calmar ratio: Return relative to maximum drawdown	2.84	19.04	-16.20
Martin ratio: Return relative to average drawdown	16.08	94.01	-77.94

FJUN vs. PMAP - Sharpe Ratio Comparison

The current FJUN Sharpe Ratio is 2.03, which is lower than the PMAP Sharpe Ratio of 5.75. The chart below compares the historical Sharpe Ratios of FJUN and PMAP, 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

FJUN vs. PMAP - Drawdown Comparison

The maximum FJUN drawdown since its inception was -13.26%, which is greater than PMAP's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for FJUN and PMAP.

Drawdown Indicators

	FJUN	PMAP	Difference
Max Drawdown Largest peak-to-trough decline	-13.26%	-1.75%	-11.51%
Max Drawdown (1Y) Largest decline over 1 year	-4.13%	-0.35%	-3.78%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.26%	—	—
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-1.65%	-0.08%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	0.07%	+0.66%

Volatility

FJUN vs. PMAP - Volatility Comparison

FT Cboe Vest U.S. Equity Buffer ETF - June (FJUN) has a higher volatility of 1.95% compared to PGIM S&P 500 Max Buffer ETF - April (PMAP) at 0.32%. This indicates that FJUN's price experiences larger fluctuations and is considered to be riskier than PMAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJUN	PMAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	0.32%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	4.67%	0.90%	+3.77%
Volatility (1Y) Calculated over the trailing 1-year period	5.78%	1.15%	+4.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.57%	2.26%	+8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.22%	2.26%	+7.96%

FJUN vs. PMAP - Expense Ratio Comparison

FJUN has a 0.85% expense ratio, which is higher than PMAP's 0.50% expense ratio.

Dividends

FJUN vs. PMAP - Dividend Comparison

Neither FJUN nor PMAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FJUN and PMAP in my portfolio?

FJUN and PMAP have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FJUN or PMAP?

FJUN has higher volatility (1.95%) compared to PMAP (0.32%). In terms of maximum drawdown, FJUN dropped -13.26% vs PMAP's -1.75%.

Which ETF is better, FJUN or PMAP?

On 1-year performance, FJUN leads with 11.69% vs 6.61% for PMAP. On fees, PMAP is cheaper at 0.50% per year. On volatility, PMAP has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FJUN or PMAP?

Over the 1-year period, FJUN has performed better with a 11.69% return vs 6.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FJUN or PMAP?

PMAP is cheaper with a 0.50% expense ratio, compared with 0.85% for FJUN.

Which ETF pays a higher dividend yield, FJUN or PMAP?

FJUN and PMAP have nearly identical dividend yields, around 0.00%.

What is the main difference between FJUN and PMAP?

They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.85% for FJUN and 0.50% for PMAP.

Which has better risk-adjusted returns?

PMAP currently has the higher Sharpe Ratio (5.75 vs 2.03), 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.