KNGZ vs. PMJN

Last updated Jun 23, 2026

KNGZ (First Trust S&P 500 Diversified Dividend Aristocrats ETF) and PMJN (PGIM S&P 500 Max Buffer ETF - June) are both exchange-traded funds - KNGZ is a S&P 500 fund tracking the S&P 500 Sector-Neutral Dividend Aristocrats Index, while PMJN is a Defined Outcome fund actively managed by PGIM. KNGZ is passively managed, while PMJN is actively managed. Over the past year, KNGZ returned 27.49% vs 6.03% for PMJN. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

KNGZ vs. PMJN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) 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, KNGZ achieves a 14.09% return, which is significantly higher than PMJN's 2.07% return.

KNGZ

• 1D: 0.28%
• 1M: 0.55%
• YTD: 14.09%
• 6M: 13.02%
• 1Y: 27.49%
• 3Y*: 16.38%
• 5Y*: 9.68%
• 10Y*: —

PMJN

• 1D: -0.08%
• 1M: -0.22%
• YTD: 2.07%
• 6M: 2.13%
• 1Y: 6.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KNGZ vs. PMJN - Yearly Performance Comparison

	2026 (YTD)	2025
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF	14.09%	14.11%
PMJN PGIM S&P 500 Max Buffer ETF - June	2.07%	4.26%

Correlation

The correlation between KNGZ and PMJN is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.61

The correlation between KNGZ and PMJN has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.

Return for Risk

KNGZ vs. PMJN — Risk / Return Rank

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

KNGZ

KNGZ Risk / Return Rank: 61
KNGZ Sharpe Ratio Rank: 63
KNGZ Sortino Ratio Rank: 64
KNGZ Omega Ratio Rank: 60
KNGZ Calmar Ratio Rank: 61
KNGZ Martin Ratio Rank: 57

PMJN

PMJN Risk / Return Rank: 94
PMJN Sharpe Ratio Rank: 93
PMJN Sortino Ratio Rank: 95
PMJN Omega Ratio Rank: 96
PMJN Calmar Ratio Rank: 90
PMJN 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.

KNGZ vs. PMJN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) 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.

	KNGZ	PMJN	Difference
Sharpe ratio: Return per unit of total volatility	2.01	3.17	-1.16
Sortino ratio: Return per unit of downside risk	2.87	4.98	-2.11
Omega ratio: Gain probability vs. loss probability	1.35	1.78	-0.43
Calmar ratio: Return relative to maximum drawdown	2.93	5.27	-2.33
Martin ratio: Return relative to average drawdown	9.68	30.32	-20.64

KNGZ vs. PMJN - Sharpe Ratio Comparison

The current KNGZ Sharpe Ratio is 2.01, which is lower than the PMJN Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of KNGZ 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

KNGZ vs. PMJN - Drawdown Comparison

The maximum KNGZ drawdown since its inception was -37.44%, which is greater than PMJN's maximum drawdown of -1.15%. Use the drawdown chart below to compare losses from any high point for KNGZ and PMJN.

Drawdown Indicators

	KNGZ	PMJN	Difference
Max Drawdown Largest peak-to-trough decline	-37.44%	-1.15%	-36.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-1.15%	-8.26%
Max Drawdown (3Y) Largest decline over 3 years	-19.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.71%	—	—
Current Drawdown Current decline from peak	-3.21%	-0.37%	-2.84%
Average Drawdown Average peak-to-trough decline	-4.85%	-0.09%	-4.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	0.20%	+2.65%

Volatility

KNGZ vs. PMJN - Volatility Comparison

First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) has a higher volatility of 4.89% compared to PGIM S&P 500 Max Buffer ETF - June (PMJN) at 0.86%. This indicates that KNGZ'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

	KNGZ	PMJN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	0.86%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	10.17%	1.64%	+8.53%
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	1.91%	+11.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	1.89%	+14.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.85%	1.89%	+16.96%

KNGZ vs. PMJN - Expense Ratio Comparison

Both KNGZ and PMJN have an expense ratio of 0.50%.

Dividends

KNGZ vs. PMJN - Dividend Comparison

KNGZ's dividend yield for the trailing twelve months is around 2.38%, while PMJN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF	2.38%	2.70%	2.55%	3.10%	2.52%	1.95%	2.44%	2.85%	4.09%	1.10%
PMJN PGIM S&P 500 Max Buffer ETF - June	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KNGZ and PMJN in my portfolio?

KNGZ and PMJN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KNGZ or PMJN?

KNGZ has higher volatility (4.89%) compared to PMJN (0.86%). In terms of maximum drawdown, KNGZ dropped -37.44% vs PMJN's -1.15%.

Which ETF is better, KNGZ or PMJN?

On 1-year performance, KNGZ leads with 27.49% vs 6.03% for PMJN. Both ETFs have the same 0.50% expense ratio. On volatility, PMJN has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KNGZ or PMJN?

Over the 1-year period, KNGZ has performed better with a 27.49% return vs 6.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNGZ or PMJN?

KNGZ and PMJN have the same expense ratio: 0.50% per year.

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

KNGZ has the higher dividend yield at 2.38%, compared with 0.00% for PMJN.

What is the main difference between KNGZ and PMJN?

KNGZ is categorized as S&P 500, while PMJN is Defined Outcome. They also come from different issuers: First Trust and PGIM.

Which has better risk-adjusted returns?

PMJN currently has the higher Sharpe Ratio (3.17 vs 2.01), 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.