PMMY vs. APRB
PMMY (PGIM S&P 500 Max Buffer ETF - May) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. PMMY charges 0.50%/yr vs 0.25%/yr for APRB.
Performance
PMMY vs. APRB - Performance Comparison
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Returns By Period
In the year-to-date period, PMMY achieves a 1.89% return, which is significantly lower than APRB's 4.53% return.
PMMY
- 1D
- -0.15%
- 1M
- -0.09%
- YTD
- 1.89%
- 6M
- 1.97%
- 1Y
- 5.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB
- 1D
- -0.22%
- 1M
- 0.19%
- YTD
- 4.53%
- 6M
- 4.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PMMY vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PMMY PGIM S&P 500 Max Buffer ETF - May | 1.89% | 1.24% |
APRB Aptus April Buffer ETF | 4.53% | 2.48% |
Correlation
The correlation between PMMY and APRB is 0.76, 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 Oct 14, 2025 | 0.76 |
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Return for Risk
PMMY vs. APRB — Risk / Return Rank
PMMY
APRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PMMY vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - May (PMMY) 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.
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.
| PMMY | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.03 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.82 | — | — |
| Martin ratioReturn relative to average drawdown | 55.73 | — | — |
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Drawdowns
PMMY vs. APRB - Drawdown Comparison
The maximum PMMY drawdown since its inception was -0.60%, smaller than the maximum APRB drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for PMMY and APRB.
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Drawdown Indicators
| PMMY | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.60% | -4.59% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -0.60% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.45% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.71% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | — | — |
Volatility
PMMY vs. APRB - Volatility Comparison
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Volatility by Period
| PMMY | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 5.97% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.51% | 5.97% | -4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.51% | 5.97% | -4.46% |
PMMY vs. APRB - Expense Ratio Comparison
PMMY has a 0.50% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
PMMY vs. APRB - Dividend Comparison
Neither PMMY nor APRB has paid dividends to shareholders.
Frequently Asked Questions
PMMY and APRB have a correlation of 0.76, 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 PMMY.
PMMY 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 PMMY and 0.25% for APRB.
Find the right allocation for PMMY and APRB
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