MRCP vs. ARLU

Last updated Jun 23, 2026

MRCP (PGIM US Large-Cap Buffer 12 ETF - March) and ARLU (Allianzim U.S. Equity Buffer15 Uncapped Apr ETF) are both Options Trading funds. Both are actively managed. Over the past year, MRCP returned 17.80% vs 16.01% for ARLU. Their correlation of 0.95 suggests significant overlap in exposure. MRCP charges 0.50%/yr vs 0.74%/yr for ARLU.

Performance

MRCP vs. ARLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRCP achieves a 7.11% return, which is significantly higher than ARLU's 4.03% return.

MRCP

• 1D: -0.09%
• 1M: 0.90%
• YTD: 7.11%
• 6M: 7.21%
• 1Y: 17.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARLU

• 1D: -1.07%
• 1M: -1.12%
• YTD: 4.03%
• 6M: 3.19%
• 1Y: 16.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRCP vs. ARLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MRCP PGIM US Large-Cap Buffer 12 ETF - March	7.11%	14.13%	10.02%
ARLU Allianzim U.S. Equity Buffer15 Uncapped Apr ETF	4.03%	11.27%	8.80%

Correlation

The correlation between MRCP and ARLU is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024	0.95

The correlation between MRCP and ARLU has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

MRCP vs. ARLU — Risk / Return Rank

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

MRCP

MRCP Risk / Return Rank: 88
MRCP Sharpe Ratio Rank: 89
MRCP Sortino Ratio Rank: 91
MRCP Omega Ratio Rank: 92
MRCP Calmar Ratio Rank: 75
MRCP Martin Ratio Rank: 91

ARLU

ARLU Risk / Return Rank: 41
ARLU Sharpe Ratio Rank: 42
ARLU Sortino Ratio Rank: 40
ARLU Omega Ratio Rank: 41
ARLU Calmar Ratio Rank: 35
ARLU Martin Ratio Rank: 47

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.

MRCP vs. ARLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU). 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.

	MRCP	ARLU	Difference
Sharpe ratio: Return per unit of total volatility	2.82	1.39	+1.44
Sortino ratio: Return per unit of downside risk	4.12	1.92	+2.20
Omega ratio: Gain probability vs. loss probability	1.59	1.25	+0.34
Calmar ratio: Return relative to maximum drawdown	3.71	1.66	+2.05
Martin ratio: Return relative to average drawdown	20.89	7.26	+13.63

MRCP vs. ARLU - Sharpe Ratio Comparison

The current MRCP Sharpe Ratio is 2.82, which is higher than the ARLU Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of MRCP and ARLU, 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

MRCP vs. ARLU - Drawdown Comparison

The maximum MRCP drawdown since its inception was -10.73%, smaller than the maximum ARLU drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for MRCP and ARLU.

Drawdown Indicators

	MRCP	ARLU	Difference
Max Drawdown Largest peak-to-trough decline	-10.73%	-15.38%	+4.65%
Max Drawdown (1Y) Largest decline over 1 year	-4.81%	-9.66%	+4.85%
Current Drawdown Current decline from peak	-0.36%	-2.76%	+2.40%
Average Drawdown Average peak-to-trough decline	-0.77%	-2.23%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	2.21%	-1.36%

Volatility

MRCP vs. ARLU - Volatility Comparison

The current volatility for PGIM US Large-Cap Buffer 12 ETF - March (MRCP) is 2.06%, while Allianzim U.S. Equity Buffer15 Uncapped Apr ETF (ARLU) has a volatility of 3.95%. This indicates that MRCP experiences smaller price fluctuations and is considered to be less risky than ARLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRCP	ARLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	3.95%	-1.89%
Volatility (6M) Calculated over the trailing 6-month period	5.23%	9.27%	-4.04%
Volatility (1Y) Calculated over the trailing 1-year period	6.34%	11.61%	-5.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.25%	12.66%	-3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.25%	12.66%	-3.41%

MRCP vs. ARLU - Expense Ratio Comparison

MRCP has a 0.50% expense ratio, which is lower than ARLU's 0.74% expense ratio.

Dividends

MRCP vs. ARLU - Dividend Comparison

Neither MRCP nor ARLU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MRCP and ARLU in my portfolio?

With a correlation of 0.95, MRCP and ARLU 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 is riskier, MRCP or ARLU?

ARLU has higher volatility (3.95%) compared to MRCP (2.06%). In terms of maximum drawdown, MRCP dropped -10.73% vs ARLU's -15.38%.

Which ETF is better, MRCP or ARLU?

On 1-year performance, MRCP leads with 17.80% vs 16.01% for ARLU. On fees, MRCP is cheaper at 0.50% per year. On volatility, MRCP has been the lower-risk option at 2.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRCP or ARLU?

Over the 1-year period, MRCP has performed better with a 17.80% return vs 16.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRCP or ARLU?

MRCP is cheaper with a 0.50% expense ratio, compared with 0.74% for ARLU.

Which ETF pays a higher dividend yield, MRCP or ARLU?

MRCP and ARLU have nearly identical dividend yields, around 0.00%.

What is the main difference between MRCP and ARLU?

They also come from different issuers: PGIM and Allianz. Their fees differ too: 0.50% for MRCP and 0.74% for ARLU.

Which has better risk-adjusted returns?

MRCP currently has the higher Sharpe Ratio (2.82 vs 1.39), 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.