SNPE vs. PMJA

Last updated Jun 3, 2026

SNPE (Xtrackers S&P 500 ESG ETF) and PMJA (PGIM S&P 500 Max Buffer ETF - January) are both exchange-traded funds - SNPE is a S&P 500 fund tracking the S&P 500 ESG Index, while PMJA is a Defined Outcome fund actively managed by PGIM. SNPE is passively managed, while PMJA is actively managed. Over the past year, SNPE returned 32.05% vs 7.90% for PMJA. Their correlation of 0.90 suggests significant overlap in exposure. SNPE charges 0.10%/yr vs 0.50%/yr for PMJA.

Performance

SNPE vs. PMJA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 500 ESG ETF (SNPE) and PGIM S&P 500 Max Buffer ETF - January (PMJA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNPE achieves a 10.55% return, which is significantly higher than PMJA's 2.40% return.

SNPE

• 1D: -0.43%
• 1M: 4.92%
• YTD: 10.55%
• 6M: 11.45%
• 1Y: 32.05%
• 3Y*: 22.06%
• 5Y*: 14.83%
• 10Y*: —

PMJA

• 1D: 0.04%
• 1M: 0.71%
• YTD: 2.40%
• 6M: 2.92%
• 1Y: 7.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SNPE vs. PMJA - Yearly Performance Comparison

	2026 (YTD)	2025
SNPE Xtrackers S&P 500 ESG ETF	10.55%	18.98%
PMJA PGIM S&P 500 Max Buffer ETF - January	2.40%	6.89%

Correlation

The correlation between SNPE and PMJA is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.90

The correlation between SNPE and PMJA has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

Return for Risk

SNPE vs. PMJA — Risk / Return Rank

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

SNPE

SNPE Risk / Return Rank: 78
SNPE Sharpe Ratio Rank: 82
SNPE Sortino Ratio Rank: 82
SNPE Omega Ratio Rank: 80
SNPE Calmar Ratio Rank: 68
SNPE Martin Ratio Rank: 80

PMJA

PMJA Risk / Return Rank: 95
PMJA Sharpe Ratio Rank: 95
PMJA Sortino Ratio Rank: 97
PMJA Omega Ratio Rank: 97
PMJA Calmar Ratio Rank: 90
PMJA Martin Ratio Rank: 94

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.

SNPE vs. PMJA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 ESG ETF (SNPE) and PGIM S&P 500 Max Buffer ETF - January (PMJA). 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.

	SNPE	PMJA	Difference
Sharpe ratio Return per unit of total volatility	2.68	3.90	-1.21
Sortino ratio Return per unit of downside risk	3.73	6.33	-2.60
Omega ratio Gain probability vs. loss probability	1.48	1.90	-0.42
Calmar ratio Return relative to maximum drawdown	3.47	5.59	-2.12
Martin ratio Return relative to average drawdown	16.08	28.06	-11.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNPE vs. PMJA - Sharpe Ratio Comparison

The current SNPE Sharpe Ratio is 2.68, which is lower than the PMJA Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of SNPE and PMJA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SNPE	PMJA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	3.90	-1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	2.33	-1.45

Drawdowns

SNPE vs. PMJA - Drawdown Comparison

The maximum SNPE drawdown since its inception was -33.37%, which is greater than PMJA's maximum drawdown of -2.98%. Use the drawdown chart below to compare losses from any high point for SNPE and PMJA.

Drawdown Indicators

	SNPE	PMJA	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-2.98%	-30.39%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-1.45%	-8.01%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.65%	—	—
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-4.96%	-0.34%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	0.29%	+1.75%

Volatility

SNPE vs. PMJA - Volatility Comparison

Xtrackers S&P 500 ESG ETF (SNPE) has a higher volatility of 3.21% compared to PGIM S&P 500 Max Buffer ETF - January (PMJA) at 0.36%. This indicates that SNPE's price experiences larger fluctuations and is considered to be riskier than PMJA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNPE	PMJA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	0.36%	+2.85%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	1.49%	+7.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.01%	2.04%	+9.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	2.86%	+14.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	2.86%	+16.81%

SNPE vs. PMJA - Expense Ratio Comparison

SNPE has a 0.10% expense ratio, which is lower than PMJA's 0.50% expense ratio.

Dividends

SNPE vs. PMJA - Dividend Comparison

SNPE's dividend yield for the trailing twelve months is around 0.91%, while PMJA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PMJA PGIM S&P 500 Max Buffer ETF - January	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SNPE Xtrackers S&P 500 ESG ETF	0.91%	1.01%	1.17%	1.32%	1.65%	1.08%	1.42%	1.20%

Frequently Asked Questions

Can I hold both SNPE and PMJA in my portfolio?

SNPE and PMJA have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNPE or PMJA?

SNPE has higher volatility (3.21%) compared to PMJA (0.36%). In terms of maximum drawdown, SNPE dropped -33.37% vs PMJA's -2.98%.

Which ETF is better, SNPE or PMJA?

On 1-year performance, SNPE leads with 32.05% vs 7.90% for PMJA. On fees, SNPE is cheaper at 0.10% per year. On volatility, PMJA has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNPE or PMJA?

Over the 1-year period, SNPE has performed better with a 32.05% return vs 7.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNPE or PMJA?

SNPE is cheaper with a 0.10% expense ratio, compared with 0.50% for PMJA.

Which ETF pays a higher dividend yield, SNPE or PMJA?

SNPE has the higher dividend yield at 0.91%, compared with 0.00% for PMJA.

What is the main difference between SNPE and PMJA?

SNPE is categorized as S&P 500, while PMJA is Defined Outcome. They also come from different issuers: Deutsche Bank and PGIM. Their fees differ too: 0.10% for SNPE and 0.50% for PMJA.

Which has better risk-adjusted returns?

PMJA currently has the higher Sharpe Ratio (3.90 vs 2.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.