MARU vs. PMAU

Last updated Jun 24, 2026

MARU (AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF) and PMAU (PGIM S&P 500 Max Buffer ETF - August) are both Defined Outcome funds. MARU is passively managed, while PMAU is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. MARU charges 0.74%/yr vs 0.50%/yr for PMAU.

Performance

MARU vs. PMAU - Performance Comparison

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

Returns By Period

In the year-to-date period, MARU achieves a 5.63% return, which is significantly higher than PMAU's 3.05% return.

MARU

• 1D: -0.91%
• 1M: -1.05%
• YTD: 5.63%
• 6M: 4.75%
• 1Y: 16.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMAU

• 1D: -0.13%
• 1M: 0.30%
• YTD: 3.05%
• 6M: 3.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MARU vs. PMAU - Yearly Performance Comparison

	2026 (YTD)	2025
MARU AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF	5.63%	6.28%
PMAU PGIM S&P 500 Max Buffer ETF - August	3.05%	2.94%

Correlation

The correlation between MARU and PMAU is 0.91, 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 Aug 1, 2025	0.91

Return for Risk

MARU vs. PMAU — Risk / Return Rank

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

MARU

MARU Risk / Return Rank: 53
MARU Sharpe Ratio Rank: 52
MARU Sortino Ratio Rank: 49
MARU Omega Ratio Rank: 49
MARU Calmar Ratio Rank: 56
MARU Martin Ratio Rank: 58

PMAU

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.

MARU vs. PMAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF (MARU) and PGIM S&P 500 Max Buffer ETF - August (PMAU). 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.

	MARU	PMAU	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	9.32	—	—

Drawdowns

MARU vs. PMAU - Drawdown Comparison

The maximum MARU drawdown since its inception was -9.91%, which is greater than PMAU's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for MARU and PMAU.

Drawdown Indicators

	MARU	PMAU	Difference
Max Drawdown Largest peak-to-trough decline	-9.91%	-1.79%	-8.12%
Max Drawdown (1Y) Largest decline over 1 year	-6.56%	—	—
Current Drawdown Current decline from peak	-2.59%	-0.13%	-2.46%
Average Drawdown Average peak-to-trough decline	-1.60%	-0.17%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	—	—

Volatility

Volatility by Period

	MARU	PMAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.32%	2.48%	+7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.02%	2.48%	+9.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.02%	2.48%	+9.54%

MARU vs. PMAU - Expense Ratio Comparison

MARU has a 0.74% expense ratio, which is higher than PMAU's 0.50% expense ratio.

Dividends

MARU vs. PMAU - Dividend Comparison

Neither MARU nor PMAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MARU and PMAU in my portfolio?

With a correlation of 0.91, MARU and PMAU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MARU or PMAU?

On fees, PMAU 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, MARU or PMAU?

PMAU is cheaper with a 0.50% expense ratio, compared with 0.74% for MARU.

Which ETF pays a higher dividend yield, MARU or PMAU?

MARU and PMAU have nearly identical dividend yields, around 0.00%.

What is the main difference between MARU and PMAU?

They also come from different issuers: AllianzIM and PGIM. Their fees differ too: 0.74% for MARU and 0.50% for PMAU.