PMSE vs. MSOO

Last updated Jun 5, 2026

PMSE (PGIM S&P 500 Max Buffer ETF - September) and MSOO (Leverage Shares 2x Capped Accelerated MSTR Monthly ETF) are both Defined Outcome funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. PMSE charges 0.50%/yr vs 0.78%/yr for MSOO.

Performance

PMSE vs. MSOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Max Buffer ETF - September (PMSE) and Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PMSE achieves a 2.86% return, which is significantly higher than MSOO's -22.23% return.

PMSE

• 1D: 0.02%
• 1M: 0.82%
• YTD: 2.86%
• 6M: 3.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSOO

• 1D: 2.07%
• 1M: -28.01%
• YTD: -22.23%
• 6M: -36.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PMSE vs. MSOO - Yearly Performance Comparison

	2026 (YTD)	2025
PMSE PGIM S&P 500 Max Buffer ETF - September	2.86%	2.23%
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	-22.23%	-55.28%

Correlation

The correlation between PMSE and MSOO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 3, 2025	0.47

Return for Risk

PMSE vs. MSOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Max Buffer ETF - September (PMSE) and Leverage Shares 2x Capped Accelerated MSTR Monthly ETF (MSOO). 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

	PMSE	MSOO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.05	-1.12	+4.16

Drawdowns

PMSE vs. MSOO - Drawdown Comparison

The maximum PMSE drawdown since its inception was -1.44%, smaller than the maximum MSOO drawdown of -72.39%. Use the drawdown chart below to compare losses from any high point for PMSE and MSOO.

Drawdown Indicators

	PMSE	MSOO	Difference
Max Drawdown Largest peak-to-trough decline	-1.44%	-72.39%	+70.95%
Current Drawdown Current decline from peak	-0.00%	-69.50%	+69.50%
Average Drawdown Average peak-to-trough decline	-0.17%	-47.52%	+47.35%

Volatility

Volatility by Period

	PMSE	MSOO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.27%	69.14%	-66.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.27%	69.14%	-66.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.27%	69.14%	-66.87%

PMSE vs. MSOO - Expense Ratio Comparison

PMSE has a 0.50% expense ratio, which is lower than MSOO's 0.78% expense ratio.

Dividends

PMSE vs. MSOO - Dividend Comparison

PMSE has not paid dividends to shareholders, while MSOO's dividend yield for the trailing twelve months is around 2.09%.

Position	TTM	2025
MSOO Leverage Shares 2x Capped Accelerated MSTR Monthly ETF	2.09%	1.63%
PMSE PGIM S&P 500 Max Buffer ETF - September	0.00%	0.00%

Frequently Asked Questions

Can I hold both PMSE and MSOO in my portfolio?

PMSE and MSOO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PMSE or MSOO?

On fees, PMSE 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, PMSE or MSOO?

PMSE is cheaper with a 0.50% expense ratio, compared with 0.78% for MSOO.

Which ETF pays a higher dividend yield, PMSE or MSOO?

MSOO has the higher dividend yield at 2.09%, compared with 0.00% for PMSE.

What is the main difference between PMSE and MSOO?

They also come from different issuers: PGIM and Leverage Shares. Their fees differ too: 0.50% for PMSE and 0.78% for MSOO.