PMNV vs. UXJL

Last updated Jun 4, 2026

PMNV (PGIM S&P 500 Max Buffer ETF - November) and UXJL (FT Vest U.S. Equity Uncapped Accelerator ETF - July) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. PMNV charges 0.50%/yr vs 0.85%/yr for UXJL.

Performance

PMNV vs. UXJL - 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 FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL). 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 UXJL's 11.78% return.

PMNV

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

UXJL

• 1D: -0.76%
• 1M: 6.02%
• YTD: 11.78%
• 6M: 11.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMNV vs. UXJL - Yearly Performance Comparison

	2026 (YTD)	2025
PMNV PGIM S&P 500 Max Buffer ETF - November	2.91%	0.54%
UXJL FT Vest U.S. Equity Uncapped Accelerator ETF - July	11.78%	-0.45%

Correlation

The correlation between PMNV and UXJL is 0.91, 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	0.91

Return for Risk

PMNV vs. UXJL - 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 FT Vest U.S. Equity Uncapped Accelerator ETF - July (UXJL). 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	UXJL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	1.87	+0.45

Drawdowns

PMNV vs. UXJL - Drawdown Comparison

The maximum PMNV drawdown since its inception was -1.65%, smaller than the maximum UXJL drawdown of -10.29%. Use the drawdown chart below to compare losses from any high point for PMNV and UXJL.

Drawdown Indicators

	PMNV	UXJL	Difference
Max Drawdown Largest peak-to-trough decline	-1.65%	-10.29%	+8.64%
Current Drawdown Current decline from peak	-0.05%	-0.76%	+0.71%
Average Drawdown Average peak-to-trough decline	-0.23%	-1.51%	+1.28%

Volatility

Volatility by Period

	PMNV	UXJL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.64%	13.90%	-11.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.64%	13.90%	-11.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.64%	13.90%	-11.26%

PMNV vs. UXJL - Expense Ratio Comparison

PMNV has a 0.50% expense ratio, which is lower than UXJL's 0.85% expense ratio.

Dividends

PMNV vs. UXJL - Dividend Comparison

Neither PMNV nor UXJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PMNV and UXJL in my portfolio?

With a correlation of 0.91, PMNV and UXJL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, PMNV or UXJL?

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 UXJL?

PMNV is cheaper with a 0.50% expense ratio, compared with 0.85% for UXJL.

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

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

What is the main difference between PMNV and UXJL?

They also come from different issuers: PGIM and First Trust. Their fees differ too: 0.50% for PMNV and 0.85% for UXJL.