UXAP vs. PMAU

Last updated Jun 4, 2026

UXAP (FT Vest U.S. Equity Uncapped Accelerator ETF - April) and PMAU (PGIM S&P 500 Max Buffer ETF - August) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. UXAP charges 0.85%/yr vs 0.50%/yr for PMAU.

Performance

UXAP vs. PMAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) and PGIM S&P 500 Max Buffer ETF - August (PMAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXAP achieves a 11.50% return, which is significantly higher than PMAU's 2.95% return.

UXAP

• 1D: -0.66%
• 1M: 5.70%
• YTD: 11.50%
• 6M: 11.41%
• 1Y: 29.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PMAU

• 1D: -0.02%
• 1M: 0.89%
• YTD: 2.95%
• 6M: 3.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UXAP vs. PMAU - Yearly Performance Comparison

	2026 (YTD)	2025
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April	11.50%	10.62%
PMAU PGIM S&P 500 Max Buffer ETF - August	2.95%	2.98%

Correlation

The correlation between UXAP and PMAU is 0.93, 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 Aug 4, 2025	0.93

Return for Risk

UXAP vs. PMAU — Risk / Return Rank

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

UXAP

UXAP Risk / Return Rank: 65
UXAP Sharpe Ratio Rank: 67
UXAP Sortino Ratio Rank: 64
UXAP Omega Ratio Rank: 64
UXAP Calmar Ratio Rank: 58
UXAP Martin Ratio Rank: 70

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.

UXAP vs. PMAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) and PGIM S&P 500 Max Buffer ETF - August (PMAU). 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.

	UXAP	PMAU	Difference
Sharpe ratio: Return per unit of total volatility	2.17	—	—
Sortino ratio: Return per unit of downside risk	2.95	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.82	—	—
Martin ratio: Return relative to average drawdown	12.81	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UXAP	PMAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.18	2.90	+0.29

Drawdowns

UXAP vs. PMAU - Drawdown Comparison

The maximum UXAP drawdown since its inception was -10.45%, which is greater than PMAU's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for UXAP and PMAU.

Drawdown Indicators

	UXAP	PMAU	Difference
Max Drawdown Largest peak-to-trough decline	-10.45%	-1.79%	-8.66%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.02%	-0.64%
Average Drawdown Average peak-to-trough decline	-1.24%	-0.17%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	—	—

Volatility

Volatility by Period

	UXAP	PMAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	2.51%	+11.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	2.51%	+11.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.15%	2.51%	+11.64%

UXAP vs. PMAU - Expense Ratio Comparison

UXAP has a 0.85% expense ratio, which is higher than PMAU's 0.50% expense ratio.

Dividends

UXAP vs. PMAU - Dividend Comparison

Neither UXAP nor PMAU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UXAP and PMAU in my portfolio?

With a correlation of 0.93, UXAP and PMAU 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, UXAP or PMAU?

On fees, PMAU 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, UXAP or PMAU?

PMAU is cheaper with a 0.50% expense ratio, compared with 0.85% for UXAP.

Which ETF pays a higher dividend yield, UXAP or PMAU?

UXAP and PMAU have nearly identical dividend yields, around 0.00%.

What is the main difference between UXAP and PMAU?

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