PMJN vs. PMMY
PMJN (PGIM S&P 500 Max Buffer ETF - June) and PMMY (PGIM S&P 500 Max Buffer ETF - May) are both Defined Outcome funds from PGIM. Both are actively managed. Over the past year, PMJN returned 6.03% vs 5.57% for PMMY. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
PMJN vs. PMMY - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PMJN having a 2.07% return and PMMY slightly lower at 2.04%.
PMJN
- 1D
- -0.08%
- 1M
- -0.22%
- YTD
- 2.07%
- 6M
- 2.13%
- 1Y
- 6.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMMY
- 1D
- -0.06%
- 1M
- 0.06%
- YTD
- 2.04%
- 6M
- 2.16%
- 1Y
- 5.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMJN vs. PMMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PMJN PGIM S&P 500 Max Buffer ETF - June | 2.07% | 4.26% |
PMMY PGIM S&P 500 Max Buffer ETF - May | 2.04% | 3.83% |
Correlation
The correlation between PMJN and PMMY is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025 | 0.81 |
The correlation between PMJN and PMMY has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
PMJN vs. PMMY — Risk / Return Rank
PMJN
PMMY
PMJN vs. PMMY - 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 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.
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.
| PMJN | PMMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 2.13 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 9.37 | -4.10 |
| Martin ratioReturn relative to average drawdown | 30.32 | 60.97 | -30.65 |
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Drawdowns
PMJN vs. PMMY - Drawdown Comparison
The maximum PMJN drawdown since its inception was -1.15%, which is greater than PMMY's maximum drawdown of -0.60%. Use the drawdown chart below to compare losses from any high point for PMJN and PMMY.
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Drawdown Indicators
| PMJN | PMMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.15% | -0.60% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -0.60% | -0.55% |
Current DrawdownCurrent decline from peak | -0.37% | -0.21% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.05% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.09% | +0.11% |
Volatility
PMJN vs. PMMY - Volatility Comparison
PGIM S&P 500 Max Buffer ETF - June (PMJN) has a higher volatility of 0.86% compared to PGIM S&P 500 Max Buffer ETF - May (PMMY) at 0.68%. This indicates that PMJN's price experiences larger fluctuations and is considered to be riskier than PMMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMJN | PMMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.68% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.08% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 1.29% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.89% | 1.50% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.89% | 1.50% | +0.39% |
PMJN vs. PMMY - Expense Ratio Comparison
Both PMJN and PMMY have an expense ratio of 0.50%.
Dividends
PMJN vs. PMMY - Dividend Comparison
Neither PMJN nor PMMY has paid dividends to shareholders.
Frequently Asked Questions
PMJN 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.
PMJN has higher volatility (0.86%) compared to PMMY (0.68%). In terms of maximum drawdown, PMJN dropped -1.15% vs PMMY's -0.60%.
On 1-year performance, PMJN leads with 6.03% vs 5.57% for PMMY. Both ETFs have the same 0.50% expense ratio. On volatility, PMMY has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PMJN has performed better with a 6.03% return vs 5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PMJN and PMMY have the same expense ratio: 0.50% per year.
PMJN and PMMY have nearly identical dividend yields, around 0.00%.
PMMY currently has the higher Sharpe Ratio (4.35 vs 3.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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