MAYP vs. PMAU

Last updated Jun 4, 2026

MAYP (PGIM S&P 500 Buffer 12 ETF - May) and PMAU (PGIM S&P 500 Max Buffer ETF - August) are both Defined Outcome funds from PGIM. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

MAYP vs. PMAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Buffer 12 ETF - May (MAYP) 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, MAYP achieves a 5.01% return, which is significantly higher than PMAU's 2.95% return.

MAYP

• 1D: -0.29%
• 1M: 2.55%
• YTD: 5.01%
• 6M: 5.93%
• 1Y: 13.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMAU

• 1D: -0.02%
• 1M: 0.89%
• YTD: 2.95%
• 6M: 3.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAYP vs. PMAU - Yearly Performance Comparison

	2026 (YTD)	2025
MAYP PGIM S&P 500 Buffer 12 ETF - May	5.01%	5.03%
PMAU PGIM S&P 500 Max Buffer ETF - August	2.95%	2.98%

Correlation

The correlation between MAYP and PMAU 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 (All Time) Calculated using the full available price history since Aug 4, 2025	0.85

Return for Risk

MAYP vs. PMAU — Risk / Return Rank

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

MAYP

MAYP Risk / Return Rank: 93
MAYP Sharpe Ratio Rank: 89
MAYP Sortino Ratio Rank: 93
MAYP Omega Ratio Rank: 94
MAYP Calmar Ratio Rank: 92
MAYP Martin Ratio Rank: 96

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.

MAYP vs. PMAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - May (MAYP) 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.

	MAYP	PMAU	Difference
Sharpe ratio: Return per unit of total volatility	2.96	—	—
Sortino ratio: Return per unit of downside risk	4.55	—	—
Omega ratio: Gain probability vs. loss probability	1.68	—	—
Calmar ratio: Return relative to maximum drawdown	6.34	—	—
Martin ratio: Return relative to average drawdown	36.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MAYP	PMAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.96	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.46	2.90	-1.44

Drawdowns

MAYP vs. PMAU - Drawdown Comparison

The maximum MAYP drawdown since its inception was -11.06%, which is greater than PMAU's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for MAYP and PMAU.

Drawdown Indicators

	MAYP	PMAU	Difference
Max Drawdown Largest peak-to-trough decline	-11.06%	-1.79%	-9.27%
Max Drawdown (1Y) Largest decline over 1 year	-2.11%	—	—
Current Drawdown Current decline from peak	-0.29%	-0.02%	-0.27%
Average Drawdown Average peak-to-trough decline	-0.65%	-0.17%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	—	—

Volatility

Volatility by Period

	MAYP	PMAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.51%	2.51%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.25%	2.51%	+6.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.25%	2.51%	+6.74%

MAYP vs. PMAU - Expense Ratio Comparison

Both MAYP and PMAU have an expense ratio of 0.50%.

Dividends

MAYP vs. PMAU - Dividend Comparison

Neither MAYP nor PMAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MAYP and PMAU in my portfolio?

MAYP and PMAU 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 ETF is better, MAYP or PMAU?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAYP or PMAU?

MAYP and PMAU have the same expense ratio: 0.50% per year.

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

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