JULT vs. PMDE

Last updated Jul 17, 2026

JULT (AllianzIM U.S. Large Cap Buffer10 Jul ETF) and PMDE (PGIM S&P 500 Max Buffer ETF - December) are both exchange-traded funds - JULT is a Options Trading fund actively managed by Allianz, while PMDE is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust (SPY). JULT is actively managed, while PMDE is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. JULT charges 0.74%/yr vs 0.50%/yr for PMDE.

Performance

JULT vs. PMDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) and PGIM S&P 500 Max Buffer ETF - December (PMDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JULT achieves a 6.89% return, which is significantly higher than PMDE's 3.18% return.

JULT

• 1D: -0.27%
• 1M: 0.69%
• 6M: 6.06%
• YTD: 6.89%
• 1Y: 14.16%
• 3Y*: 14.50%
• 5Y*: 11.55%
• 10Y*: —

PMDE

• 1D: 0.00%
• 1M: 0.45%
• 6M: 2.80%
• YTD: 3.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JULT vs. PMDE - Yearly Performance Comparison

	2026 (YTD)	2025
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	6.89%	0.83%
PMDE PGIM S&P 500 Max Buffer ETF - December	3.18%	0.44%

Correlation

The correlation between JULT and PMDE is 0.86, 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 Dec 1, 2025	0.86

Return for Risk

JULT vs. PMDE — Risk / Return Rank

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

JULT

JULT Risk / Return Rank: 82
JULT Sharpe Ratio Rank: 82
JULT Sortino Ratio Rank: 84
JULT Omega Ratio Rank: 87
JULT Calmar Ratio Rank: 68
JULT Martin Ratio Rank: 88

PMDE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

JULT vs. PMDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 Jul ETF (JULT) and PGIM S&P 500 Max Buffer ETF - December (PMDE). 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.

	JULT	PMDE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	—	—
Sortino ratio: Return per unit of downside risk	3.06	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	2.72	—	—
Martin ratio: Return relative to average drawdown	14.74	—	—

Drawdowns

JULT vs. PMDE - Drawdown Comparison

The maximum JULT drawdown since its inception was -13.57%, which is greater than PMDE's maximum drawdown of -1.59%. Use the drawdown chart below to compare losses from any high point for JULT and PMDE.

Drawdown Indicators

	JULT	PMDE	Difference
Max Drawdown Largest peak-to-trough decline	-13.57%	-1.59%	-11.98%
Max Drawdown (1Y) Largest decline over 1 year	-5.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.57%	—	—
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-1.74%	-0.24%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	—	—

Volatility

Volatility by Period

	JULT	PMDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.78%	2.37%	+4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.01%	2.37%	+8.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.40%	2.37%	+8.03%

JULT vs. PMDE - Expense Ratio Comparison

JULT has a 0.74% expense ratio, which is higher than PMDE's 0.50% expense ratio.

Dividends

JULT vs. PMDE - Dividend Comparison

Neither JULT nor PMDE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
JULT AllianzIM U.S. Large Cap Buffer10 Jul ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.86%
PMDE PGIM S&P 500 Max Buffer ETF - December	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JULT and PMDE in my portfolio?

JULT and PMDE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JULT or PMDE?

On fees, PMDE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULT or PMDE?

PMDE is cheaper with a 0.50% expense ratio, compared with 0.74% for JULT.

Which ETF pays a higher dividend yield, JULT or PMDE?

JULT and PMDE have nearly identical dividend yields, around 0.00%.

What is the main difference between JULT and PMDE?

JULT is categorized as Options Trading, while PMDE is Defined Outcome. They also come from different issuers: Allianz and PGIM. Their fees differ too: 0.74% for JULT and 0.50% for PMDE.