QMFE vs. PMJL

Last updated Jun 23, 2026

QMFE (FT Vest Nasdaq-100 Moderate Buffer ETF - February) and PMJL (PGIM S&P 500 Max Buffer ETF - July) are both Defined Outcome funds. QMFE is passively managed, while PMJL is actively managed. A 0.80 correlation means they provide meaningful diversification when combined. QMFE charges 0.90%/yr vs 0.50%/yr for PMJL.

Performance

QMFE vs. PMJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Nasdaq-100 Moderate Buffer ETF - February (QMFE) and PGIM S&P 500 Max Buffer ETF - July (PMJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QMFE achieves a 8.97% return, which is significantly higher than PMJL's 2.92% return.

QMFE

• 1D: -0.06%
• 1M: 0.33%
• YTD: 8.97%
• 6M: 9.02%
• 1Y: 19.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMJL

• 1D: 0.06%
• 1M: 0.40%
• YTD: 2.92%
• 6M: 3.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QMFE vs. PMJL - Yearly Performance Comparison

	2026 (YTD)	2025
QMFE FT Vest Nasdaq-100 Moderate Buffer ETF - February	8.97%	7.36%
PMJL PGIM S&P 500 Max Buffer ETF - July	2.92%	3.17%

Correlation

The correlation between QMFE and PMJL is 0.80, 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 Jul 1, 2025	0.80

Return for Risk

QMFE vs. PMJL — Risk / Return Rank

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

QMFE

QMFE Risk / Return Rank: 89
QMFE Sharpe Ratio Rank: 89
QMFE Sortino Ratio Rank: 91
QMFE Omega Ratio Rank: 91
QMFE Calmar Ratio Rank: 81
QMFE Martin Ratio Rank: 93

PMJL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

QMFE vs. PMJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Moderate Buffer ETF - February (QMFE) and PGIM S&P 500 Max Buffer ETF - July (PMJL). 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.

	QMFE	PMJL	Difference
Sharpe ratio: Return per unit of total volatility	2.81	—	—
Sortino ratio: Return per unit of downside risk	4.07	—	—
Omega ratio: Gain probability vs. loss probability	1.58	—	—
Calmar ratio: Return relative to maximum drawdown	4.15	—	—
Martin ratio: Return relative to average drawdown	23.11	—	—

Drawdowns

QMFE vs. PMJL - Drawdown Comparison

The maximum QMFE drawdown since its inception was -11.85%, which is greater than PMJL's maximum drawdown of -1.49%. Use the drawdown chart below to compare losses from any high point for QMFE and PMJL.

Drawdown Indicators

	QMFE	PMJL	Difference
Max Drawdown Largest peak-to-trough decline	-11.85%	-1.49%	-10.36%
Max Drawdown (1Y) Largest decline over 1 year	-4.81%	—	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-1.10%	-0.12%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	—	—

Volatility

Volatility by Period

	QMFE	PMJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	2.03%	+5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.60%	2.03%	+9.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.60%	2.03%	+9.57%

QMFE vs. PMJL - Expense Ratio Comparison

QMFE has a 0.90% expense ratio, which is higher than PMJL's 0.50% expense ratio.

Dividends

QMFE vs. PMJL - Dividend Comparison

Neither QMFE nor PMJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QMFE and PMJL in my portfolio?

QMFE and PMJL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QMFE or PMJL?

On fees, PMJL 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, QMFE or PMJL?

PMJL is cheaper with a 0.50% expense ratio, compared with 0.90% for QMFE.

Which ETF pays a higher dividend yield, QMFE or PMJL?

QMFE and PMJL have nearly identical dividend yields, around 0.00%.

What is the main difference between QMFE and PMJL?

They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.90% for QMFE and 0.50% for PMJL.