PMNV vs. PJFG

Last updated Jun 4, 2026

PMNV (PGIM S&P 500 Max Buffer ETF - November) and PJFG (PGIM Jennison Focused Growth ETF) are both exchange-traded funds - PMNV is a Defined Outcome fund actively managed by PGIM, while PJFG is a Large Cap Growth Equities fund actively managed by PGIM. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. PMNV charges 0.50%/yr vs 0.75%/yr for PJFG.

Performance

PMNV vs. PJFG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Max Buffer ETF - November (PMNV) and PGIM Jennison Focused Growth ETF (PJFG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMNV achieves a 2.91% return, which is significantly lower than PJFG's 6.64% return.

PMNV

• 1D: -0.05%
• 1M: 1.01%
• YTD: 2.91%
• 6M: 3.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PJFG

• 1D: -1.40%
• 1M: 6.58%
• YTD: 6.64%
• 6M: 5.59%
• 1Y: 19.79%
• 3Y*: 24.04%
• 5Y*: —
• 10Y*: —

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

PMNV vs. PJFG - Yearly Performance Comparison

	2026 (YTD)	2025
PMNV PGIM S&P 500 Max Buffer ETF - November	2.91%	0.54%
PJFG PGIM Jennison Focused Growth ETF	6.64%	-3.55%

Correlation

The correlation between PMNV and PJFG is 0.82, 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 Nov 4, 2025	0.82

Return for Risk

PMNV vs. PJFG — Risk / Return Rank

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

PJFG

PJFG Risk / Return Rank: 28
PJFG Sharpe Ratio Rank: 32
PJFG Sortino Ratio Rank: 31
PJFG Omega Ratio Rank: 31
PJFG Calmar Ratio Rank: 23
PJFG Martin Ratio Rank: 25

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.

PMNV vs. PJFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - November (PMNV) and PGIM Jennison Focused Growth ETF (PJFG). 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

	PMNV	PJFG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	1.36	+0.96

Drawdowns

PMNV vs. PJFG - Drawdown Comparison

The maximum PMNV drawdown since its inception was -1.65%, smaller than the maximum PJFG drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for PMNV and PJFG.

Drawdown Indicators

	PMNV	PJFG	Difference
Max Drawdown Largest peak-to-trough decline	-1.65%	-24.24%	+22.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.24%	—
Current Drawdown Current decline from peak	-0.05%	-2.16%	+2.11%
Average Drawdown Average peak-to-trough decline	-0.23%	-3.75%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.04%	—

Volatility

Volatility by Period

	PMNV	PJFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.64%	16.83%	-14.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.64%	20.88%	-18.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.64%	20.88%	-18.24%

PMNV vs. PJFG - Expense Ratio Comparison

PMNV has a 0.50% expense ratio, which is lower than PJFG's 0.75% expense ratio.

Dividends

PMNV vs. PJFG - Dividend Comparison

Neither PMNV nor PJFG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMNV and PJFG in my portfolio?

PMNV and PJFG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMNV or PJFG?

On fees, PMNV 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, PMNV or PJFG?

PMNV is cheaper with a 0.50% expense ratio, compared with 0.75% for PJFG.

Which ETF pays a higher dividend yield, PMNV or PJFG?

PMNV and PJFG have nearly identical dividend yields, around 0.00%.

What is the main difference between PMNV and PJFG?

PMNV is categorized as Defined Outcome, while PJFG is Large Cap Growth Equities. Their fees differ too: 0.50% for PMNV and 0.75% for PJFG.