XIJN vs. PMAP

Last updated Aug 1, 2026

XIJN (FT Vest U.S. Equity Buffer & Premium Income ETF - June) and PMAP (PGIM S&P 500 Max Buffer ETF - April) are both Defined Outcome funds. Both are actively managed. Over the past year, XIJN returned 6.69% vs 6.59% for PMAP. Their 0.70 correlation means they have sometimes moved together and sometimes differently. XIJN charges 0.85%/yr vs 0.50%/yr for PMAP.

Performance

XIJN vs. PMAP - Performance Comparison

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

Returns By Period

In the year-to-date period, XIJN achieves a 3.49% return, which is significantly lower than PMAP's 3.86% return.

XIJN

• 1D: 0.20%
• 1M: 0.66%
• 6M: 3.11%
• YTD: 3.49%
• 1Y: 6.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.02%

PMAP

• 1D: 0.09%
• 1M: 0.38%
• 6M: 3.47%
• YTD: 3.86%
• 1Y: 6.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PMAP PGIM S&P 500 Max Buffer ETF - April	$325.31	$252.49	$2.74K
XIJN FT Vest U.S. Equity Buffer & Premium Income ETF - June	$143.81K	$146.87K	$248.03K

XIJN vs. PMAP - Yearly Performance Comparison

	2026 (YTD)	2025
XIJN FT Vest U.S. Equity Buffer & Premium Income ETF - June	3.49%	6.19%
PMAP PGIM S&P 500 Max Buffer ETF - April	3.86%	5.29%

Correlation

The correlation between XIJN and PMAP is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025	0.70

The correlation between XIJN and PMAP has been stable across timeframes, ranging from 0.70 to 0.71 - a consistent structural relationship.

Return for Risk

XIJN vs. PMAP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XIJN

XIJN Risk / Return Rank: 98
XIJN Sharpe Ratio Rank: 97
XIJN Sortino Ratio Rank: 98
XIJN Omega Ratio Rank: 97
XIJN Calmar Ratio Rank: 98
XIJN Martin Ratio Rank: 98

PMAP

PMAP Risk / Return Rank: 99
PMAP Sharpe Ratio Rank: 99
PMAP Sortino Ratio Rank: 99
PMAP Omega Ratio Rank: 99
PMAP Calmar Ratio Rank: 99
PMAP Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XIJN vs. PMAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN) and PGIM S&P 500 Max Buffer ETF - April (PMAP). 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.

	XIJN	PMAP	Difference
Sharpe ratio: Return per unit of total volatility	3.34	5.59	-2.26
Sortino ratio: Return per unit of downside risk	5.80	10.94	-5.15
Omega ratio: Gain probability vs. loss probability	1.82	2.54	-0.71
Calmar ratio: Return relative to maximum drawdown	8.81	18.88	-10.07
Martin ratio: Return relative to average drawdown	43.80	88.79	-44.99

XIJN vs. PMAP - Sharpe Ratio Comparison

The current XIJN Sharpe Ratio is 3.34, which is lower than the PMAP Sharpe Ratio of 5.59. The chart below compares the historical Sharpe Ratios of XIJN and PMAP, 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

XIJN vs. PMAP - Drawdown Comparison

The maximum XIJN drawdown since its inception was -4.65%, which is greater than PMAP's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for XIJN and PMAP.

Drawdown Indicators

	XIJN	PMAP	Difference
Max Drawdown Largest peak-to-trough decline	-4.65%	-1.75%	-2.90%
Max Drawdown (1Y) Largest decline over 1 year	-0.75%	-0.35%	-0.40%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.15%	-0.08%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.15%	0.07%	+0.08%

Volatility

XIJN vs. PMAP - Volatility Comparison

FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN) has a higher volatility of 0.85% compared to PGIM S&P 500 Max Buffer ETF - April (PMAP) at 0.35%. This indicates that XIJN's price experiences larger fluctuations and is considered to be riskier than PMAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIJN	PMAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	0.35%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	1.47%	0.93%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	1.98%	1.18%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.38%	2.23%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.38%	2.23%	+2.15%

XIJN vs. PMAP - Expense Ratio Comparison

XIJN has a 0.85% expense ratio, which is higher than PMAP's 0.50% expense ratio.

Dividends

XIJN vs. PMAP - Dividend Comparison

XIJN's dividend yield for the trailing twelve months is around 6.96%, while PMAP has not paid dividends to shareholders.

Position	TTM	2025	2024
PMAP PGIM S&P 500 Max Buffer ETF - April	0.00%	0.00%	0.00%
XIJN FT Vest U.S. Equity Buffer & Premium Income ETF - June	6.38%	6.62%	2.68%

Frequently Asked Questions

Can I hold both XIJN and PMAP in my portfolio?

XIJN and PMAP have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XIJN or PMAP?

XIJN has higher volatility (0.85%) compared to PMAP (0.35%). In terms of maximum drawdown, XIJN dropped -4.65% vs PMAP's -1.75%.

Which ETF is better, XIJN or PMAP?

On 1-year performance, XIJN leads with 6.69% vs 6.59% for PMAP. On fees, PMAP is cheaper at 0.50% per year. On volatility, PMAP has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XIJN or PMAP?

Over the 1-year period, XIJN has performed better with a 6.69% return vs 6.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XIJN or PMAP?

PMAP is cheaper with a 0.50% expense ratio, compared with 0.85% for XIJN.

Which ETF pays a higher dividend yield, XIJN or PMAP?

XIJN has the higher dividend yield at 6.38%, compared with 0.00% for PMAP.

What is the main difference between XIJN and PMAP?

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

Which has better risk-adjusted returns?

PMAP currently has the higher Sharpe Ratio (5.59 vs 3.34), 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.