PMAU vs. APRB

Last updated Aug 1, 2026

PMAU (PGIM S&P 500 Max Buffer ETF - August) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.87 means they have usually moved in the same direction. PMAU charges 0.50%/yr vs 0.25%/yr for APRB.

Performance

PMAU vs. APRB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Max Buffer ETF - August (PMAU) and Aptus April Buffer ETF (APRB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMAU achieves a 3.90% return, which is significantly lower than APRB's 5.78% return.

PMAU

• 1D: 0.09%
• 1M: 0.49%
• 6M: 3.48%
• YTD: 3.90%
• 1Y: 7.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

APRB

• 1D: 0.30%
• 1M: 0.71%
• 6M: 4.72%
• YTD: 5.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
APRB Aptus April Buffer ETF	$24.58K	$46.66K	$43.31K
PMAU PGIM S&P 500 Max Buffer ETF - August	$48.78K	$23.35K	$8.53K

PMAU vs. APRB - Yearly Performance Comparison

	2026 (YTD)	2025
PMAU PGIM S&P 500 Max Buffer ETF - August	3.90%	1.28%
APRB Aptus April Buffer ETF	5.78%	2.48%

Correlation

The correlation between PMAU and APRB is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.87

Return for Risk

PMAU vs. APRB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - August (PMAU) and Aptus April Buffer ETF (APRB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

PMAU vs. APRB - Drawdown Comparison

The maximum PMAU drawdown since its inception was -1.79%, smaller than the maximum APRB drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for PMAU and APRB.

Drawdown Indicators

	PMAU	APRB	Difference
Max Drawdown Largest peak-to-trough decline	-1.79%	-4.59%	+2.80%
Max Drawdown (1Y) Largest decline over 1 year	-1.79%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.15%	-0.65%	+0.50%

Volatility

Volatility by Period

	PMAU	APRB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.35%	5.72%	-3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.35%	5.72%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.35%	5.72%	-3.37%

PMAU vs. APRB - Expense Ratio Comparison

PMAU has a 0.50% expense ratio, which is higher than APRB's 0.25% expense ratio.

Dividends

PMAU vs. APRB - Dividend Comparison

Neither PMAU nor APRB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMAU and APRB in my portfolio?

PMAU and APRB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMAU or APRB?

On fees, APRB 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, PMAU or APRB?

APRB is cheaper with a 0.25% expense ratio, compared with 0.50% for PMAU.

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

PMAU and APRB have nearly identical dividend yields, around 0.00%.

What is the main difference between PMAU and APRB?

They also come from different issuers: PGIM and Aptus. Their fees differ too: 0.50% for PMAU and 0.25% for APRB.