PBMR vs. MAYW

Last updated Apr 2, 2026

Compare and contrast key facts about PGIM US Large-Cap Buffer 20 ETF - March (PBMR) and AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW).

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

Performance

PBMR vs. MAYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM US Large-Cap Buffer 20 ETF - March (PBMR) and AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW). The values are adjusted to include any dividend payments, if applicable.

PBMR vs. MAYW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PBMR PGIM US Large-Cap Buffer 20 ETF - March	-0.19%	10.89%	9.41%
MAYW AllianzIM U.S. Large Cap Buffer20 May ETF	0.98%	10.24%	9.67%

Returns By Period

In the year-to-date period, PBMR achieves a -0.19% return, which is significantly lower than MAYW's 0.98% return.

PBMR

• 1D: 0.40%
• 1M: -1.58%
• YTD: -0.19%
• 6M: 1.99%
• 1Y: 10.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAYW

• 1D: 0.24%
• 1M: 0.14%
• YTD: 0.98%
• 6M: 2.76%
• 1Y: 10.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBMR vs. MAYW - Expense Ratio Comparison

PBMR has a 0.50% expense ratio, which is lower than MAYW's 0.74% expense ratio.

MAYW

AllianzIM U.S. Large Cap Buffer20 May ETF

PBMR

PGIM US Large-Cap Buffer 20 ETF - March

Return for Risk

PBMR vs. MAYW — Risk / Return Rank

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

PBMR

PBMR Risk / Return Rank: 75
PBMR Sharpe Ratio Rank: 71
PBMR Sortino Ratio Rank: 75
PBMR Omega Ratio Rank: 86
PBMR Calmar Ratio Rank: 60
PBMR Martin Ratio Rank: 82

MAYW

MAYW Risk / Return Rank: 68
MAYW Sharpe Ratio Rank: 59
MAYW Sortino Ratio Rank: 63
MAYW Omega Ratio Rank: 89
MAYW Calmar Ratio Rank: 50
MAYW Martin Ratio Rank: 77

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.

PBMR vs. MAYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM US Large-Cap Buffer 20 ETF - March (PBMR) and AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW). 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.

	PBMR	MAYW	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.12	+0.21
Sortino ratio Return per unit of downside risk	2.01	1.70	+0.31
Omega ratio Gain probability vs. loss probability	1.36	1.39	-0.02
Calmar ratio Return relative to maximum drawdown	1.75	1.49	+0.26
Martin ratio Return relative to average drawdown	10.34	9.36	+0.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBMR vs. MAYW - Sharpe Ratio Comparison

The current PBMR Sharpe Ratio is 1.33, which is comparable to the MAYW Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of PBMR and MAYW, 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

	PBMR	MAYW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.12	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	1.43	1.63	-0.20

Correlation

The correlation between PBMR and MAYW is 0.85, 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

PBMR vs. MAYW - Dividend Comparison

Neither PBMR nor MAYW has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

PBMR vs. MAYW - Drawdown Comparison

The maximum PBMR drawdown since its inception was -7.64%, roughly equal to the maximum MAYW drawdown of -7.93%. Use the drawdown chart below to compare losses from any high point for PBMR and MAYW.

Drawdown Indicators

	PBMR	MAYW	Difference
Max Drawdown Largest peak-to-trough decline	-7.64%	-7.93%	+0.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.14%	-7.12%	+0.98%
Current Drawdown Current decline from peak	-1.58%	-0.25%	-1.33%
Average Drawdown Average peak-to-trough decline	-0.53%	-0.43%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	1.13%	-0.09%

Volatility

PBMR vs. MAYW - Volatility Comparison

PGIM US Large-Cap Buffer 20 ETF - March (PBMR) has a higher volatility of 2.62% compared to AllianzIM U.S. Large Cap Buffer20 May ETF (MAYW) at 1.54%. This indicates that PBMR's price experiences larger fluctuations and is considered to be riskier than MAYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBMR	MAYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	1.54%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	3.39%	2.23%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	8.07%	9.21%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.77%	6.69%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.77%	6.69%	+0.08%