PMJL vs. RSJN

Last updated Jun 3, 2026

PMJL (PGIM S&P 500 Max Buffer ETF - July) and RSJN (FT Vest U.S. Equity Equal Weight Buffer ETF - June) are both Defined Outcome funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. PMJL charges 0.50%/yr vs 0.85%/yr for RSJN.

Performance

PMJL vs. RSJN - 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 FT Vest U.S. Equity Equal Weight Buffer ETF - June (RSJN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMJL achieves a 2.65% return, which is significantly lower than RSJN's 6.97% return.

PMJL

• 1D: 0.03%
• 1M: 0.55%
• YTD: 2.65%
• 6M: 3.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSJN

• 1D: 0.05%
• 1M: 2.16%
• YTD: 6.97%
• 6M: 8.21%
• 1Y: 14.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMJL vs. RSJN - Yearly Performance Comparison

	2026 (YTD)	2025
PMJL PGIM S&P 500 Max Buffer ETF - July	2.65%	3.39%
RSJN FT Vest U.S. Equity Equal Weight Buffer ETF - June	6.97%	4.10%

Correlation

The correlation between PMJL and RSJN is 0.72, 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	0.72

Return for Risk

PMJL vs. RSJN — Risk / Return Rank

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

RSJN

RSJN Risk / Return Rank: 66
RSJN Sharpe Ratio Rank: 59
RSJN Sortino Ratio Rank: 64
RSJN Omega Ratio Rank: 61
RSJN Calmar Ratio Rank: 71
RSJN Martin Ratio Rank: 73

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. RSJN - 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 FT Vest U.S. Equity Equal Weight Buffer ETF - June (RSJN). 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	RSJN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.25	1.03	+2.22

Drawdowns

PMJL vs. RSJN - Drawdown Comparison

The maximum PMJL drawdown since its inception was -1.49%, smaller than the maximum RSJN drawdown of -12.44%. Use the drawdown chart below to compare losses from any high point for PMJL and RSJN.

Drawdown Indicators

	PMJL	RSJN	Difference
Max Drawdown Largest peak-to-trough decline	-1.49%	-12.44%	+10.95%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.07%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.12%	-1.58%	+1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	PMJL	RSJN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.07%	7.21%	-5.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.07%	10.16%	-8.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.07%	10.16%	-8.09%

PMJL vs. RSJN - Expense Ratio Comparison

PMJL has a 0.50% expense ratio, which is lower than RSJN's 0.85% expense ratio.

Dividends

PMJL vs. RSJN - Dividend Comparison

Neither PMJL nor RSJN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMJL and RSJN in my portfolio?

PMJL and RSJN have a correlation of 0.72, 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 RSJN?

On fees, PMJL 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, PMJL or RSJN?

PMJL is cheaper with a 0.50% expense ratio, compared with 0.85% for RSJN.

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

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

What is the main difference between PMJL and RSJN?

They also come from different issuers: PGIM and First Trust. Their fees differ too: 0.50% for PMJL and 0.85% for RSJN.