PBMY vs. JANB

Last updated Jun 4, 2026

PBMY (PGIM S&P 500 Buffer 20 ETF - May) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. PBMY charges 0.50%/yr vs 0.25%/yr for JANB.

Performance

PBMY vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Buffer 20 ETF - May (PBMY) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBMY achieves a 3.80% return, which is significantly lower than JANB's 6.08% return.

PBMY

• 1D: -0.19%
• 1M: 1.80%
• YTD: 3.80%
• 6M: 4.61%
• 1Y: 10.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -0.22%
• 1M: 2.38%
• YTD: 6.08%
• 6M: 7.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBMY vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
PBMY PGIM S&P 500 Buffer 20 ETF - May	3.80%	1.98%
JANB Aptus January Buffer ETF	6.08%	2.69%

Correlation

The correlation between PBMY and JANB is 0.82, 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 Oct 15, 2025	0.82

Return for Risk

PBMY vs. JANB — Risk / Return Rank

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

PBMY

PBMY Risk / Return Rank: 96
PBMY Sharpe Ratio Rank: 93
PBMY Sortino Ratio Rank: 96
PBMY Omega Ratio Rank: 96
PBMY Calmar Ratio Rank: 96
PBMY Martin Ratio Rank: 97

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.

PBMY vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 20 ETF - May (PBMY) and Aptus January Buffer ETF (JANB). 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.

	PBMY	JANB	Difference
Sharpe ratio: Return per unit of total volatility	3.42	—	—
Sortino ratio: Return per unit of downside risk	5.42	—	—
Omega ratio: Gain probability vs. loss probability	1.80	—	—
Calmar ratio: Return relative to maximum drawdown	9.00	—	—
Martin ratio: Return relative to average drawdown	50.32	—	—
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

	PBMY	JANB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	1.97	-0.39

Drawdowns

PBMY vs. JANB - Drawdown Comparison

The maximum PBMY drawdown since its inception was -8.11%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for PBMY and JANB.

Drawdown Indicators

	PBMY	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-8.11%	-6.52%	-1.59%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	—	—
Current Drawdown Current decline from peak	-0.19%	-0.22%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.39%	-1.14%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	—	—

Volatility

Volatility by Period

	PBMY	JANB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	7.41%	-4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.16%	7.41%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.16%	7.41%	-0.25%

PBMY vs. JANB - Expense Ratio Comparison

PBMY has a 0.50% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

PBMY vs. JANB - Dividend Comparison

PBMY's dividend yield for the trailing twelve months is around 0.07%, while JANB has not paid dividends to shareholders.

Position	TTM	2025
JANB Aptus January Buffer ETF	0.00%	0.00%
PBMY PGIM S&P 500 Buffer 20 ETF - May	0.07%	0.08%

Frequently Asked Questions

Can I hold both PBMY and JANB in my portfolio?

PBMY and JANB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBMY or JANB?

On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBMY or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.50% for PBMY.

Which ETF pays a higher dividend yield, PBMY or JANB?

PBMY has the higher dividend yield at 0.07%, compared with 0.00% for JANB.

What is the main difference between PBMY and JANB?

They also come from different issuers: PGIM and Aptus Capital Advisors. Their fees differ too: 0.50% for PBMY and 0.25% for JANB.