MRCP vs. IVVB

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM US Large-Cap Buffer 12 ETF - March (MRCP) and iShares Large Cap Deep Buffer ETF (IVVB).

MRCP and IVVB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MRCP is an actively managed fund by PGIM. It was launched on Feb 29, 2024. IVVB is an actively managed fund by iShares. It was launched on Jun 28, 2023.

Performance

MRCP vs. IVVB - 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 iShares Large Cap Deep Buffer ETF (IVVB). The values are adjusted to include any dividend payments, if applicable.

MRCP vs. IVVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MRCP PGIM US Large-Cap Buffer 12 ETF - March	-1.03%	14.13%	11.42%
IVVB iShares Large Cap Deep Buffer ETF	-3.11%	9.60%	12.67%

Returns By Period

In the year-to-date period, MRCP achieves a -1.03% return, which is significantly higher than IVVB's -3.11% return.

MRCP

• 1D: 1.86%
• 1M: -2.94%
• YTD: -1.03%
• 6M: 1.61%
• 1Y: 13.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVVB

• 1D: 1.06%
• 1M: -3.96%
• YTD: -3.11%
• 6M: -0.88%
• 1Y: 10.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MRCP vs. IVVB - Expense Ratio Comparison

Both MRCP and IVVB have an expense ratio of 0.50%.

MRCP

PGIM US Large-Cap Buffer 12 ETF - March

IVVB

iShares Large Cap Deep Buffer ETF

Return for Risk

MRCP vs. IVVB — Risk / Return Rank

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

MRCP

MRCP Risk / Return Rank: 72
MRCP Sharpe Ratio Rank: 66
MRCP Sortino Ratio Rank: 69
MRCP Omega Ratio Rank: 80
MRCP Calmar Ratio Rank: 63
MRCP Martin Ratio Rank: 83

IVVB

IVVB Risk / Return Rank: 63
IVVB Sharpe Ratio Rank: 59
IVVB Sortino Ratio Rank: 60
IVVB Omega Ratio Rank: 62
IVVB Calmar Ratio Rank: 64
IVVB Martin Ratio Rank: 72

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. IVVB - 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 iShares Large Cap Deep Buffer ETF (IVVB). 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.

	MRCP	IVVB	Difference
Sharpe ratio Return per unit of total volatility	1.19	1.00	+0.18
Sortino ratio Return per unit of downside risk	1.79	1.49	+0.30
Omega ratio Gain probability vs. loss probability	1.32	1.22	+0.10
Calmar ratio Return relative to maximum drawdown	1.65	1.57	+0.09
Martin ratio Return relative to average drawdown	9.54	7.14	+2.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRCP vs. IVVB - Sharpe Ratio Comparison

The current MRCP Sharpe Ratio is 1.19, which is comparable to the IVVB Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of MRCP and IVVB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MRCP	IVVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.00	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	1.04	+0.20

Correlation

The correlation between MRCP and IVVB is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MRCP vs. IVVB - Dividend Comparison

MRCP has not paid dividends to shareholders, while IVVB's dividend yield for the trailing twelve months is around 1.26%.

	TTM	2025	2024
MRCP PGIM US Large-Cap Buffer 12 ETF - March	0.00%	0.00%	0.00%
IVVB iShares Large Cap Deep Buffer ETF	1.26%	1.22%	0.87%

Drawdowns

MRCP vs. IVVB - Drawdown Comparison

The maximum MRCP drawdown since its inception was -10.73%, smaller than the maximum IVVB drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for MRCP and IVVB.

Drawdown Indicators

	MRCP	IVVB	Difference
Max Drawdown Largest peak-to-trough decline	-10.73%	-13.08%	+2.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-6.90%	-1.46%
Current Drawdown Current decline from peak	-3.04%	-4.75%	+1.71%
Average Drawdown Average peak-to-trough decline	-0.81%	-1.66%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	1.51%	-0.06%

Volatility

MRCP vs. IVVB - Volatility Comparison

PGIM US Large-Cap Buffer 12 ETF - March (MRCP) has a higher volatility of 3.48% compared to iShares Large Cap Deep Buffer ETF (IVVB) at 2.68%. This indicates that MRCP's price experiences larger fluctuations and is considered to be riskier than IVVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRCP	IVVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	2.68%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	4.84%	6.26%	-1.42%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	10.63%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.48%	9.47%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.48%	9.47%	+0.01%