JUNP vs. PMFB

Last updated Jun 4, 2026

JUNP (PGIM S&P 500 Buffer 12 ETF - June) and PMFB (PGIM S&P 500 Max Buffer ETF - February) are both Defined Outcome funds from PGIM. Both are actively managed. Over the past year, JUNP returned 12.99% vs 8.06% for PMFB. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

JUNP vs. PMFB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Buffer 12 ETF - June (JUNP) and PGIM S&P 500 Max Buffer ETF - February (PMFB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUNP achieves a 3.86% return, which is significantly higher than PMFB's 2.56% return.

JUNP

• 1D: -0.31%
• 1M: 0.44%
• YTD: 3.86%
• 6M: 4.77%
• 1Y: 12.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMFB

• 1D: -0.06%
• 1M: 0.80%
• YTD: 2.56%
• 6M: 3.26%
• 1Y: 8.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JUNP vs. PMFB - Yearly Performance Comparison

	2026 (YTD)	2025
JUNP PGIM S&P 500 Buffer 12 ETF - June	3.86%	11.20%
PMFB PGIM S&P 500 Max Buffer ETF - February	2.56%	6.28%

Correlation

The correlation between JUNP and PMFB is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.86

The correlation between JUNP and PMFB has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

JUNP vs. PMFB — Risk / Return Rank

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

JUNP

JUNP Risk / Return Rank: 81
JUNP Sharpe Ratio Rank: 75
JUNP Sortino Ratio Rank: 81
JUNP Omega Ratio Rank: 85
JUNP Calmar Ratio Rank: 75
JUNP Martin Ratio Rank: 91

PMFB

PMFB Risk / Return Rank: 95
PMFB Sharpe Ratio Rank: 95
PMFB Sortino Ratio Rank: 97
PMFB Omega Ratio Rank: 97
PMFB Calmar Ratio Rank: 92
PMFB Martin Ratio Rank: 95

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.

JUNP vs. PMFB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - June (JUNP) and PGIM S&P 500 Max Buffer ETF - February (PMFB). 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.

	JUNP	PMFB	Difference
Sharpe ratio: Return per unit of total volatility	2.40	3.83	-1.43
Sortino ratio: Return per unit of downside risk	3.56	6.15	-2.59
Omega ratio: Gain probability vs. loss probability	1.51	1.88	-0.37
Calmar ratio: Return relative to maximum drawdown	3.74	6.04	-2.30
Martin ratio: Return relative to average drawdown	21.68	31.52	-9.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JUNP vs. PMFB - Sharpe Ratio Comparison

The current JUNP Sharpe Ratio is 2.40, which is lower than the PMFB Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of JUNP and PMFB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JUNP	PMFB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	3.83	-1.43
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	2.43	-1.07

Drawdowns

JUNP vs. PMFB - Drawdown Comparison

The maximum JUNP drawdown since its inception was -11.23%, which is greater than PMFB's maximum drawdown of -2.94%. Use the drawdown chart below to compare losses from any high point for JUNP and PMFB.

Drawdown Indicators

	JUNP	PMFB	Difference
Max Drawdown Largest peak-to-trough decline	-11.23%	-2.94%	-8.29%
Max Drawdown (1Y) Largest decline over 1 year	-3.49%	-1.34%	-2.15%
Current Drawdown Current decline from peak	-0.31%	-0.06%	-0.25%
Average Drawdown Average peak-to-trough decline	-0.88%	-0.37%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	0.26%	+0.34%

Volatility

JUNP vs. PMFB - Volatility Comparison

PGIM S&P 500 Buffer 12 ETF - June (JUNP) has a higher volatility of 0.85% compared to PGIM S&P 500 Max Buffer ETF - February (PMFB) at 0.37%. This indicates that JUNP's price experiences larger fluctuations and is considered to be riskier than PMFB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUNP	PMFB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	0.37%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	4.14%	1.43%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	5.44%	2.12%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.38%	2.77%	+6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.38%	2.77%	+6.61%

JUNP vs. PMFB - Expense Ratio Comparison

Both JUNP and PMFB have an expense ratio of 0.50%.

Dividends

JUNP vs. PMFB - Dividend Comparison

Neither JUNP nor PMFB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JUNP and PMFB in my portfolio?

JUNP and PMFB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUNP or PMFB?

JUNP has higher volatility (0.85%) compared to PMFB (0.37%). In terms of maximum drawdown, JUNP dropped -11.23% vs PMFB's -2.94%.

Which ETF is better, JUNP or PMFB?

On 1-year performance, JUNP leads with 12.99% vs 8.06% for PMFB. Both ETFs have the same 0.50% expense ratio. On volatility, PMFB has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUNP or PMFB?

Over the 1-year period, JUNP has performed better with a 12.99% return vs 8.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUNP or PMFB?

JUNP and PMFB have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, JUNP or PMFB?

JUNP and PMFB have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

PMFB currently has the higher Sharpe Ratio (3.83 vs 2.40), 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.