NOVP vs PBJN
PGIM S&P 500 Buffer 12 ETF - November vs PGIM S&P 500 Buffer 20 ETF - June
Which is better, NOVP or PBJN?
NOVP has been ahead.
NOVP led over 1Y and the full window.
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 | NOVP | PBJN |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $36M | $59M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 8 | 14 |
| YTD Return | +10.87%Best | +5.35% |
| 1Y Return | +13.08%Best | +7.56% |
| Volatility (annualized) | 6.9% | 4.7%Best |
| Max Drawdown | -11.8% | -8.7%Best |
| $10,000 over 2.4 years | $13,589Best | $12,644 |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 22, 2024 | May 31, 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: Jun 3, 2024 to Oct 14, 2026 (2.4 years).
NOVP vs PBJN 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.
NOVP vs PBJN Performance
PGIM S&P 500 Buffer 12 ETF - November (NOVP) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 20 ETF - June (PBJN) is an ETF from PGIM Investments. Over the past year NOVP returned +13.08% while PBJN returned +7.56%. Year to date, NOVP is up 10.87% versus a gain of 5.35% for PBJN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NOVP has been the more volatile fund, with annualized monthly volatility of 6.9% compared with 4.7% for PBJN. 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 -11.8% for NOVP and -8.7% for PBJN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NOVP charges 0.50% per year while PBJN charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, NOVP currently yields 0.00% against 0.00% for PBJN.
You are not choosing between two funds in isolation.
Whichever of NOVP and PBJN 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, NOVP or PBJN?
NOVP has an expense ratio of 0.50% while PBJN charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, NOVP or PBJN?
Over the past year NOVP returned +13.08% vs +7.56% for PBJN, so NOVP leads on 1-year performance. Over the longest common window we track (2 years), NOVP annualized +13.63% vs +10.27% for PBJN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NOVP or PBJN?
NOVP has been the more volatile fund at 6.9% annualized versus 4.7% for PBJN. Worst drawdown: NOVP -11.8% vs PBJN -8.7%.
Should I hold both NOVP and PBJN?
NOVP and PBJN have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NOVP or PBJN?
NOVP yields 0.00% while PBJN yields 0.00%, so PBJN currently pays the higher dividend yield.
Is PBJN better than NOVP?
NOVP led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.