VOOG vs. PMJN

Last updated Jun 24, 2026

VOOG (Vanguard S&P 500 Growth ETF) and PMJN (PGIM S&P 500 Max Buffer ETF - June) are both exchange-traded funds - VOOG is a S&P 500 fund tracking the S&P 500 Growth Index, while PMJN is a Defined Outcome fund actively managed by PGIM. VOOG is passively managed, while PMJN is actively managed. Over the past year, VOOG returned 26.86% vs 5.61% for PMJN. Their correlation of 0.81 suggests significant overlap in exposure. VOOG charges 0.07%/yr vs 0.50%/yr for PMJN.

Performance

VOOG vs. PMJN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 Growth ETF (VOOG) and PGIM S&P 500 Max Buffer ETF - June (PMJN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOOG achieves a 8.71% return, which is significantly higher than PMJN's 1.84% return.

VOOG

• 1D: -2.34%
• 1M: -2.03%
• YTD: 8.71%
• 6M: 7.44%
• 1Y: 26.86%
• 3Y*: 25.47%
• 5Y*: 14.06%
• 10Y*: 18.00%

PMJN

• 1D: -0.23%
• 1M: -0.45%
• YTD: 1.84%
• 6M: 1.88%
• 1Y: 5.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VOOG vs. PMJN - Yearly Performance Comparison

	2026 (YTD)	2025
VOOG Vanguard S&P 500 Growth ETF	8.71%	19.56%
PMJN PGIM S&P 500 Max Buffer ETF - June	1.84%	4.26%

Correlation

The correlation between VOOG and PMJN is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.81

The correlation between VOOG and PMJN has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

Return for Risk

VOOG vs. PMJN — Risk / Return Rank

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

VOOG

VOOG Risk / Return Rank: 45
VOOG Sharpe Ratio Rank: 47
VOOG Sortino Ratio Rank: 45
VOOG Omega Ratio Rank: 44
VOOG Calmar Ratio Rank: 41
VOOG Martin Ratio Rank: 48

PMJN

PMJN Risk / Return Rank: 93
PMJN Sharpe Ratio Rank: 92
PMJN Sortino Ratio Rank: 95
PMJN Omega Ratio Rank: 96
PMJN Calmar Ratio Rank: 89
PMJN Martin Ratio Rank: 95

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.

VOOG vs. PMJN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Growth ETF (VOOG) and PGIM S&P 500 Max Buffer ETF - June (PMJN). 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.

	VOOG	PMJN	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.94	-1.35
Sortino ratio: Return per unit of downside risk	2.17	4.57	-2.40
Omega ratio: Gain probability vs. loss probability	1.28	1.71	-0.43
Calmar ratio: Return relative to maximum drawdown	1.97	4.90	-2.94
Martin ratio: Return relative to average drawdown	7.82	27.74	-19.92

VOOG vs. PMJN - Sharpe Ratio Comparison

The current VOOG Sharpe Ratio is 1.59, which is lower than the PMJN Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of VOOG and PMJN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOOG vs. PMJN - Drawdown Comparison

The maximum VOOG drawdown since its inception was -32.73%, which is greater than PMJN's maximum drawdown of -1.15%. Use the drawdown chart below to compare losses from any high point for VOOG and PMJN.

Drawdown Indicators

	VOOG	PMJN	Difference
Max Drawdown Largest peak-to-trough decline	-32.73%	-1.15%	-31.58%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-1.15%	-12.56%
Max Drawdown (3Y) Largest decline over 3 years	-22.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.73%	—	—
Current Drawdown Current decline from peak	-5.49%	-0.60%	-4.89%
Average Drawdown Average peak-to-trough decline	-4.96%	-0.09%	-4.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	0.20%	+3.25%

Volatility

VOOG vs. PMJN - Volatility Comparison

Vanguard S&P 500 Growth ETF (VOOG) has a higher volatility of 7.23% compared to PGIM S&P 500 Max Buffer ETF - June (PMJN) at 0.88%. This indicates that VOOG's price experiences larger fluctuations and is considered to be riskier than PMJN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOOG	PMJN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	0.88%	+6.35%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	1.65%	+12.21%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	1.93%	+15.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.38%	1.90%	+19.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.81%	1.90%	+18.91%

VOOG vs. PMJN - Expense Ratio Comparison

VOOG has a 0.07% expense ratio, which is lower than PMJN's 0.50% expense ratio.

Dividends

VOOG vs. PMJN - Dividend Comparison

VOOG's dividend yield for the trailing twelve months is around 0.46%, while PMJN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMJN PGIM S&P 500 Max Buffer ETF - June	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.46%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both VOOG and PMJN in my portfolio?

VOOG and PMJN have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOOG or PMJN?

VOOG has higher volatility (7.23%) compared to PMJN (0.88%). In terms of maximum drawdown, VOOG dropped -32.73% vs PMJN's -1.15%.

Which ETF is better, VOOG or PMJN?

On 1-year performance, VOOG leads with 26.86% vs 5.61% for PMJN. On fees, VOOG is cheaper at 0.07% per year. On volatility, PMJN has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VOOG or PMJN?

Over the 1-year period, VOOG has performed better with a 26.86% return vs 5.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VOOG or PMJN?

VOOG is cheaper with a 0.07% expense ratio, compared with 0.50% for PMJN.

Which ETF pays a higher dividend yield, VOOG or PMJN?

VOOG has the higher dividend yield at 0.46%, compared with 0.00% for PMJN.

What is the main difference between VOOG and PMJN?

VOOG is categorized as S&P 500, while PMJN is Defined Outcome. They also come from different issuers: Vanguard and PGIM. Their fees differ too: 0.07% for VOOG and 0.50% for PMJN.

Which has better risk-adjusted returns?

PMJN currently has the higher Sharpe Ratio (2.94 vs 1.59), 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.