PMJL vs. PMMY

Last updated Jun 4, 2026

PMJL (PGIM S&P 500 Max Buffer ETF - July) and PMMY (PGIM S&P 500 Max Buffer ETF - May) are both Defined Outcome funds from PGIM. Both are actively managed. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.50% expense ratio.

Performance

PMJL vs. PMMY - Performance Comparison

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

Returns By Period

In the year-to-date period, PMJL achieves a 2.63% return, which is significantly higher than PMMY's 2.19% return.

PMJL

• 1D: -0.02%
• 1M: 0.61%
• YTD: 2.63%
• 6M: 3.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMMY

• 1D: -0.04%
• 1M: 0.79%
• YTD: 2.19%
• 6M: 2.74%
• 1Y: 5.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMJL vs. PMMY - Yearly Performance Comparison

	2026 (YTD)	2025
PMJL PGIM S&P 500 Max Buffer ETF - July	2.63%	3.39%
PMMY PGIM S&P 500 Max Buffer ETF - May	2.19%	2.91%

Correlation

The correlation between PMJL and PMMY is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 2, 2025	0.80

Return for Risk

PMJL vs. PMMY — Risk / Return Rank

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

PMMY

PMMY Risk / Return Rank: 98
PMMY Sharpe Ratio Rank: 98
PMMY Sortino Ratio Rank: 99
PMMY Omega Ratio Rank: 99
PMMY Calmar Ratio Rank: 98
PMMY Martin Ratio Rank: 99

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.

PMJL vs. PMMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - July (PMJL) and PGIM S&P 500 Max Buffer ETF - May (PMMY). 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

	PMJL	PMMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.23	4.56	-1.32

Drawdowns

PMJL vs. PMMY - Drawdown Comparison

The maximum PMJL drawdown since its inception was -1.49%, which is greater than PMMY's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for PMJL and PMMY.

Drawdown Indicators

	PMJL	PMMY	Difference
Max Drawdown Largest peak-to-trough decline	-1.49%	-0.36%	-1.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.36%	—
Current Drawdown Current decline from peak	-0.02%	-0.04%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.12%	-0.04%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.07%	—

Volatility

Volatility by Period

	PMJL	PMMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	1.12%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	1.39%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	1.39%	+0.67%

PMJL vs. PMMY - Expense Ratio Comparison

Both PMJL and PMMY have an expense ratio of 0.50%.

Dividends

PMJL vs. PMMY - Dividend Comparison

Neither PMJL nor PMMY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMJL and PMMY in my portfolio?

PMJL and PMMY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMJL or PMMY?

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, PMJL or PMMY?

PMJL and PMMY have the same expense ratio: 0.50% per year.

Which ETF pays a higher dividend yield, PMJL or PMMY?

PMJL and PMMY have nearly identical dividend yields, around 0.00%.