PMMY vs. EINC

Last updated Jun 25, 2026

PMMY (PGIM S&P 500 Max Buffer ETF - May) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - PMMY is a Defined Outcome fund actively managed by PGIM, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. PMMY is actively managed, while EINC is passively managed. Over the past year, PMMY returned 5.06% vs 27.43% for EINC. At a correlation of -0.02, they often move in opposite directions. PMMY charges 0.50%/yr vs 0.45%/yr for EINC.

Performance

PMMY vs. EINC - Performance Comparison

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

Returns By Period

In the year-to-date period, PMMY achieves a 1.87% return, which is significantly lower than EINC's 24.85% return.

PMMY

• 1D: -0.02%
• 1M: -0.10%
• YTD: 1.87%
• 6M: 1.92%
• 1Y: 5.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EINC

• 1D: -0.89%
• 1M: -5.35%
• YTD: 24.85%
• 6M: 24.98%
• 1Y: 27.43%
• 3Y*: 29.97%
• 5Y*: 20.83%
• 10Y*: 11.93%

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

PMMY vs. EINC - Yearly Performance Comparison

	2026 (YTD)	2025
PMMY PGIM S&P 500 Max Buffer ETF - May	1.87%	4.44%
EINC VanEck Energy Income ETF	24.85%	5.91%

Correlation

The correlation between PMMY and EINC is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since May 1, 2025	-0.02

Return for Risk

PMMY vs. EINC — Risk / Return Rank

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

PMMY

PMMY Risk / Return Rank: 97
PMMY Sharpe Ratio Rank: 97
PMMY Sortino Ratio Rank: 97
PMMY Omega Ratio Rank: 98
PMMY Calmar Ratio Rank: 96
PMMY Martin Ratio Rank: 98

EINC

EINC Risk / Return Rank: 62
EINC Sharpe Ratio Rank: 61
EINC Sortino Ratio Rank: 59
EINC Omega Ratio Rank: 58
EINC Calmar Ratio Rank: 76
EINC Martin Ratio Rank: 56

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.

PMMY vs. EINC - 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 VanEck Energy Income ETF (EINC). 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	EINC	Difference
Sharpe ratio: Return per unit of total volatility	3.96	1.83	+2.13
Sortino ratio: Return per unit of downside risk	6.04	2.48	+3.56
Omega ratio: Gain probability vs. loss probability	1.99	1.32	+0.67
Calmar ratio: Return relative to maximum drawdown	8.50	3.49	+5.01
Martin ratio: Return relative to average drawdown	52.16	8.81	+43.35

PMMY vs. EINC - Sharpe Ratio Comparison

The current PMMY Sharpe Ratio is 3.96, which is higher than the EINC Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of PMMY and EINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PMMY vs. EINC - Drawdown Comparison

The maximum PMMY drawdown since its inception was -0.60%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for PMMY and EINC.

Drawdown Indicators

	PMMY	EINC	Difference
Max Drawdown Largest peak-to-trough decline	-0.60%	-87.55%	+86.95%
Max Drawdown (1Y) Largest decline over 1 year	-0.60%	-7.89%	+7.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-68.85%	—
Current Drawdown Current decline from peak	-0.37%	-5.35%	+4.98%
Average Drawdown Average peak-to-trough decline	-0.05%	-44.14%	+44.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	3.12%	-3.02%

Volatility

PMMY vs. EINC - Volatility Comparison

The current volatility for PGIM S&P 500 Max Buffer ETF - May (PMMY) is 0.70%, while VanEck Energy Income ETF (EINC) has a volatility of 6.28%. This indicates that PMMY experiences smaller price fluctuations and is considered to be less risky than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMMY	EINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	6.28%	-5.58%
Volatility (6M) Calculated over the trailing 6-month period	1.09%	11.93%	-10.84%
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	15.11%	-13.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.51%	19.55%	-18.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.51%	25.43%	-23.92%

PMMY vs. EINC - Expense Ratio Comparison

PMMY has a 0.50% expense ratio, which is higher than EINC's 0.45% expense ratio.

Dividends

PMMY vs. EINC - Dividend Comparison

PMMY has not paid dividends to shareholders, while EINC's dividend yield for the trailing twelve months is around 3.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EINC VanEck Energy Income ETF	3.55%	4.51%	3.33%	3.77%	2.89%	6.03%	6.69%	9.66%	11.31%	8.53%	9.71%	28.53%
PMMY PGIM S&P 500 Max Buffer ETF - May	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PMMY and EINC in my portfolio?

PMMY and EINC have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PMMY or EINC?

EINC has higher volatility (6.28%) compared to PMMY (0.70%). In terms of maximum drawdown, PMMY dropped -0.60% vs EINC's -87.55%.

Which ETF is better, PMMY or EINC?

On 1-year performance, EINC leads with 27.43% vs 5.06% for PMMY. On fees, EINC is cheaper at 0.45% per year. On volatility, PMMY has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PMMY or EINC?

Over the 1-year period, EINC has performed better with a 27.43% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PMMY or EINC?

EINC is cheaper with a 0.45% expense ratio, compared with 0.50% for PMMY.

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

EINC has the higher dividend yield at 3.55%, compared with 0.00% for PMMY.

What is the main difference between PMMY and EINC?

PMMY is categorized as Defined Outcome, while EINC is Energy Equities. They also come from different issuers: PGIM and VanEck. Their fees differ too: 0.50% for PMMY and 0.45% for EINC.

Which has better risk-adjusted returns?

PMMY currently has the higher Sharpe Ratio (3.96 vs 1.83), 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.