PBMY vs. PMAU

Last updated Jun 4, 2026

PBMY (PGIM S&P 500 Buffer 20 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 0.81 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.

Performance

PBMY vs. PMAU - 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 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, PBMY achieves a 3.80% return, which is significantly higher than PMAU's 2.95% return.

PBMY

• 1D: -0.19%
• 1M: 1.80%
• YTD: 3.80%
• 6M: 4.61%
• 1Y: 10.11%
• 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)

PBMY vs. PMAU - Yearly Performance Comparison

	2026 (YTD)	2025
PBMY PGIM S&P 500 Buffer 20 ETF - May	3.80%	4.01%
PMAU PGIM S&P 500 Max Buffer ETF - August	2.95%	2.98%

Correlation

The correlation between PBMY and PMAU is 0.81, 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	0.81

Return for Risk

PBMY vs. PMAU — 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. PMAU - 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 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.

	PBMY	PMAU	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	PMAU	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	2.90	-1.32

Drawdowns

PBMY vs. PMAU - Drawdown Comparison

The maximum PBMY drawdown since its inception was -8.11%, which is greater than PMAU's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for PBMY and PMAU.

Drawdown Indicators

	PBMY	PMAU	Difference
Max Drawdown Largest peak-to-trough decline	-8.11%	-1.79%	-6.32%
Max Drawdown (1Y) Largest decline over 1 year	-1.13%	—	—
Current Drawdown Current decline from peak	-0.19%	-0.02%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.39%	-0.17%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	—	—

Volatility

Volatility by Period

	PBMY	PMAU	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%	2.51%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.16%	2.51%	+4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.16%	2.51%	+4.65%

PBMY vs. PMAU - Expense Ratio Comparison

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

Dividends

PBMY vs. PMAU - Dividend Comparison

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

Position	TTM	2025
PBMY PGIM S&P 500 Buffer 20 ETF - May	0.07%	0.08%
PMAU PGIM S&P 500 Max Buffer ETF - August	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBMY and PMAU in my portfolio?

PBMY and PMAU have a correlation of 0.81, 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 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, PBMY or PMAU?

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

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

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