PMDE vs. PJFV

Last updated Aug 2, 2026

PMDE (PGIM S&P 500 Max Buffer ETF - December) and PJFV (PGIM Jennison Focused Value ETF) are both exchange-traded funds - PMDE is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust (SPY), while PJFV is a Large Cap Value Equities fund actively managed by PGIM. PMDE is passively managed, while PJFV is actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PMDE charges 0.50%/yr vs 0.75%/yr for PJFV.

Performance

PMDE vs. PJFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Max Buffer ETF - December (PMDE) and PGIM Jennison Focused Value ETF (PJFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMDE achieves a 3.38% return, which is significantly lower than PJFV's 20.75% return.

PMDE

• 1D: 0.17%
• 1M: 0.58%
• 6M: 2.98%
• YTD: 3.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PJFV

• 1D: 0.61%
• 1M: 1.66%
• 6M: 16.44%
• YTD: 20.75%
• 1Y: 34.55%
• 3Y*: 23.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.70%

*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)
PJFV PGIM Jennison Focused Value ETF	$1.50M	$1.59M	$1.43M
PMDE PGIM S&P 500 Max Buffer ETF - December	$11.74K	$127.64K	$99.07K

PMDE vs. PJFV - Yearly Performance Comparison

	2026 (YTD)	2025
PMDE PGIM S&P 500 Max Buffer ETF - December	3.38%	0.44%
PJFV PGIM Jennison Focused Value ETF	20.75%	0.44%

Correlation

The correlation between PMDE and PJFV is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 1, 2025	0.70

Return for Risk

PMDE vs. PJFV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PMDE

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

PJFV

PJFV Risk / Return Rank: 93
PJFV Sharpe Ratio Rank: 93
PJFV Sortino Ratio Rank: 93
PJFV Omega Ratio Rank: 92
PJFV Calmar Ratio Rank: 93
PJFV Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PMDE vs. PJFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - December (PMDE) and PGIM Jennison Focused Value ETF (PJFV). 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.

	PMDE	PJFV	Difference
Sharpe ratio: Return per unit of total volatility	—	2.53	—
Sortino ratio: Return per unit of downside risk	—	3.49	—
Omega ratio: Gain probability vs. loss probability	—	1.45	—
Calmar ratio: Return relative to maximum drawdown	—	4.52	—
Martin ratio: Return relative to average drawdown	—	19.14	—

Drawdowns

PMDE vs. PJFV - Drawdown Comparison

The maximum PMDE drawdown since its inception was -1.59%, smaller than the maximum PJFV drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for PMDE and PJFV.

Drawdown Indicators

	PMDE	PJFV	Difference
Max Drawdown Largest peak-to-trough decline	-1.59%	-18.15%	+16.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.15%	—
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.23%	-2.07%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.73%	—

Volatility

Volatility by Period

	PMDE	PJFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.37%	13.10%	-10.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.37%	14.13%	-11.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.37%	14.13%	-11.76%

PMDE vs. PJFV - Expense Ratio Comparison

PMDE has a 0.50% expense ratio, which is lower than PJFV's 0.75% expense ratio.

Dividends

PMDE vs. PJFV - Dividend Comparison

PMDE has not paid dividends to shareholders, while PJFV's dividend yield for the trailing twelve months is around 0.57%.

Position	TTM	2025	2024	2023	2022
PJFV PGIM Jennison Focused Value ETF	0.57%	0.68%	1.31%	1.20%	0.12%
PMDE PGIM S&P 500 Max Buffer ETF - December	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PMDE and PJFV in my portfolio?

PMDE and PJFV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMDE or PJFV?

On fees, PMDE 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, PMDE or PJFV?

PMDE is cheaper with a 0.50% expense ratio, compared with 0.75% for PJFV.

Which ETF pays a higher dividend yield, PMDE or PJFV?

PJFV has the higher dividend yield at 0.57%, compared with 0.00% for PMDE.

What is the main difference between PMDE and PJFV?

PMDE is categorized as Defined Outcome, while PJFV is Large Cap Value Equities. Their fees differ too: 0.50% for PMDE and 0.75% for PJFV.