PMJN vs. APRB
PMJN (PGIM S&P 500 Max Buffer ETF - June) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. PMJN charges 0.50%/yr vs 0.25%/yr for APRB.
Performance
PMJN vs. APRB - Performance Comparison
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Returns By Period
In the year-to-date period, PMJN achieves a 2.33% return, which is significantly lower than APRB's 4.77% return.
PMJN
- 1D
- -0.11%
- 1M
- 0.28%
- YTD
- 2.33%
- 6M
- 2.88%
- 1Y
- 6.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB
- 1D
- -0.11%
- 1M
- 1.69%
- YTD
- 4.77%
- 6M
- 5.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMJN vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PMJN PGIM S&P 500 Max Buffer ETF - June | 2.33% | 1.20% |
APRB Aptus April Buffer ETF | 4.77% | 2.48% |
Correlation
The correlation between PMJN and APRB is 0.86, 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 Oct 15, 2025 | 0.86 |
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Return for Risk
PMJN vs. APRB — Risk / Return Rank
PMJN
APRB
PMJN vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - June (PMJN) 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.
| PMJN | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.97 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.69 | — | — |
| Martin ratioReturn relative to average drawdown | 37.72 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMJN | APRB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.81 | 2.00 | +1.81 |
Drawdowns
PMJN vs. APRB - Drawdown Comparison
The maximum PMJN drawdown since its inception was -1.15%, smaller than the maximum APRB drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for PMJN and APRB.
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Drawdown Indicators
| PMJN | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.15% | -4.59% | +3.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.11% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.74% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | — | — |
Volatility
PMJN vs. APRB - Volatility Comparison
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Volatility by Period
| PMJN | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.75% | 5.98% | -4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 5.98% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.75% | 5.98% | -4.23% |
PMJN vs. APRB - Expense Ratio Comparison
PMJN has a 0.50% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
PMJN vs. APRB - Dividend Comparison
Neither PMJN nor APRB has paid dividends to shareholders.
Frequently Asked Questions
PMJN and APRB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
APRB is cheaper with a 0.25% expense ratio, compared with 0.50% for PMJN.
PMJN and APRB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: PGIM and Aptus Capital Advisors. Their fees differ too: 0.50% for PMJN and 0.25% for APRB.
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