MRCP vs PBNV
PGIM S&P 500 Buffer 12 ETF - March vs PGIM S&P 500 Buffer 20 ETF - November
Which is better, MRCP or PBNV?
MRCP has been ahead.
MRCP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MRCP | PBNV |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $30M | $37M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 16 | 14 |
| YTD Return | +10.54%Best | +8.91% |
| 1Y Return | +14.01%Best | +10.57% |
| Volatility (annualized) | 6.2% | 4.8%Best |
| Max Drawdown | -10.7% | -8.4%Best |
| $10,000 over 2.4 years | $13,733Best | $12,810 |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Feb 29, 2024 | May 22, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 22, 2024 to Oct 14, 2026 (2.4 years).
MRCP vs PBNV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
MRCP vs PBNV Performance
PGIM S&P 500 Buffer 12 ETF - March (MRCP) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 20 ETF - November (PBNV) is an ETF from PGIM Investments. Over the past year MRCP returned +14.01% while PBNV returned +10.57%. Year to date, MRCP is up 10.54% versus a gain of 8.91% for PBNV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MRCP has been the more volatile fund, with annualized monthly volatility of 6.2% compared with 4.8% for PBNV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -10.7% for MRCP and -8.4% for PBNV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MRCP charges 0.50% per year while PBNV charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, MRCP currently yields 0.00% against 0.00% for PBNV.
You are not choosing between two funds in isolation.
Whichever of MRCP and PBNV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MRCP or PBNV?
MRCP has an expense ratio of 0.50% while PBNV charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, MRCP or PBNV?
Over the past year MRCP returned +14.01% vs +10.57% for PBNV, so MRCP leads on 1-year performance. Over the longest common window we track (2 years), MRCP annualized +14.13% vs +10.87% for PBNV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MRCP or PBNV?
MRCP has been the more volatile fund at 6.2% annualized versus 4.8% for PBNV. Worst drawdown: MRCP -10.7% vs PBNV -8.4%.
Should I hold both MRCP and PBNV?
MRCP and PBNV have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, MRCP or PBNV?
MRCP yields 0.00% while PBNV yields 0.00%, so PBNV currently pays the higher dividend yield.
Is PBNV better than MRCP?
MRCP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.