RSDE vs. PMSE

Last updated Jun 23, 2026

RSDE (FT Vest U.S. Equity Equal Weight Buffer ETF - December) and PMSE (PGIM S&P 500 Max Buffer ETF - September) are both Defined Outcome funds. RSDE is passively managed, while PMSE is actively managed. A 0.70 correlation means they provide meaningful diversification when combined. RSDE charges 0.85%/yr vs 0.50%/yr for PMSE.

Performance

RSDE vs. PMSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Equal Weight Buffer ETF - December (RSDE) and PGIM S&P 500 Max Buffer ETF - September (PMSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSDE achieves a 6.62% return, which is significantly higher than PMSE's 2.97% return.

RSDE

• 1D: 0.00%
• 1M: 1.31%
• YTD: 6.62%
• 6M: 5.87%
• 1Y: 14.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMSE

• 1D: 0.05%
• 1M: 0.34%
• YTD: 2.97%
• 6M: 3.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSDE vs. PMSE - Yearly Performance Comparison

	2026 (YTD)	2025
RSDE FT Vest U.S. Equity Equal Weight Buffer ETF - December	6.62%	2.26%
PMSE PGIM S&P 500 Max Buffer ETF - September	2.97%	2.13%

Correlation

The correlation between RSDE and PMSE is 0.70, 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 Sep 2, 2025	0.70

Return for Risk

RSDE vs. PMSE — Risk / Return Rank

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

RSDE

RSDE Risk / Return Rank: 56
RSDE Sharpe Ratio Rank: 53
RSDE Sortino Ratio Rank: 55
RSDE Omega Ratio Rank: 51
RSDE Calmar Ratio Rank: 61
RSDE Martin Ratio Rank: 61

PMSE

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.

RSDE vs. PMSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Equal Weight Buffer ETF - December (RSDE) and PGIM S&P 500 Max Buffer ETF - September (PMSE). 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.

	RSDE	PMSE	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.57	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.92	—	—
Martin ratio: Return relative to average drawdown	10.53	—	—

Drawdowns

RSDE vs. PMSE - Drawdown Comparison

The maximum RSDE drawdown since its inception was -10.77%, which is greater than PMSE's maximum drawdown of -1.44%. Use the drawdown chart below to compare losses from any high point for RSDE and PMSE.

Drawdown Indicators

	RSDE	PMSE	Difference
Max Drawdown Largest peak-to-trough decline	-10.77%	-1.44%	-9.33%
Max Drawdown (1Y) Largest decline over 1 year	-4.83%	—	—
Current Drawdown Current decline from peak	-0.48%	0.00%	-0.48%
Average Drawdown Average peak-to-trough decline	-1.25%	-0.17%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	—	—

Volatility

Volatility by Period

	RSDE	PMSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.03%	2.28%	+5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.93%	2.28%	+8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.93%	2.28%	+8.65%

RSDE vs. PMSE - Expense Ratio Comparison

RSDE has a 0.85% expense ratio, which is higher than PMSE's 0.50% expense ratio.

Dividends

RSDE vs. PMSE - Dividend Comparison

Neither RSDE nor PMSE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RSDE and PMSE in my portfolio?

RSDE and PMSE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSDE or PMSE?

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, RSDE or PMSE?

PMSE is cheaper with a 0.50% expense ratio, compared with 0.85% for RSDE.

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

RSDE and PMSE have nearly identical dividend yields, around 0.00%.

What is the main difference between RSDE and PMSE?

They also come from different issuers: FT Vest and PGIM. Their fees differ too: 0.85% for RSDE and 0.50% for PMSE.