PMAU vs. MARU

Last updated Jun 4, 2026

PMAU (PGIM S&P 500 Max Buffer ETF - August) and MARU (AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF) are both Defined Outcome funds. PMAU is actively managed, while MARU is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. PMAU charges 0.50%/yr vs 0.74%/yr for MARU.

Performance

PMAU vs. MARU - 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 AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF (MARU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMAU achieves a 2.95% return, which is significantly lower than MARU's 7.88% return.

PMAU

• 1D: -0.02%
• 1M: 0.89%
• YTD: 2.95%
• 6M: 3.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MARU

• 1D: -0.52%
• 1M: 4.24%
• YTD: 7.88%
• 6M: 7.09%
• 1Y: 19.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMAU vs. MARU - Yearly Performance Comparison

	2026 (YTD)	2025
PMAU PGIM S&P 500 Max Buffer ETF - August	2.95%	2.98%
MARU AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF	7.88%	7.49%

Correlation

The correlation between PMAU and MARU is 0.92, 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	0.92

Return for Risk

PMAU vs. MARU — Risk / Return Rank

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

MARU

MARU Risk / Return Rank: 61
MARU Sharpe Ratio Rank: 61
MARU Sortino Ratio Rank: 59
MARU Omega Ratio Rank: 61
MARU Calmar Ratio Rank: 61
MARU Martin Ratio Rank: 64

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.

PMAU vs. MARU - 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 AllianzIM U.S. Equity Buffer15 Uncapped Mar ETF (MARU). 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.

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

Sharpe Ratios by Period

	PMAU	MARU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.90	1.43	+1.47

Drawdowns

PMAU vs. MARU - Drawdown Comparison

The maximum PMAU drawdown since its inception was -1.79%, smaller than the maximum MARU drawdown of -8.50%. Use the drawdown chart below to compare losses from any high point for PMAU and MARU.

Drawdown Indicators

	PMAU	MARU	Difference
Max Drawdown Largest peak-to-trough decline	-1.79%	-8.50%	+6.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.56%	—
Current Drawdown Current decline from peak	-0.02%	-0.52%	+0.50%
Average Drawdown Average peak-to-trough decline	-0.17%	-1.34%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.71%	—

Volatility

Volatility by Period

	PMAU	MARU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	9.81%	-7.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.51%	11.78%	-9.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.51%	11.78%	-9.27%

PMAU vs. MARU - Expense Ratio Comparison

PMAU has a 0.50% expense ratio, which is lower than MARU's 0.74% expense ratio.

Dividends

PMAU vs. MARU - Dividend Comparison

Neither PMAU nor MARU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMAU and MARU in my portfolio?

With a correlation of 0.92, PMAU and MARU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, PMAU or MARU?

On fees, PMAU is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PMAU or MARU?

PMAU is cheaper with a 0.50% expense ratio, compared with 0.74% for MARU.

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

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

What is the main difference between PMAU and MARU?

They also come from different issuers: PGIM and AllianzIM. Their fees differ too: 0.50% for PMAU and 0.74% for MARU.