PBAP vs PMAR
PGIM S&P 500 Buffer 20 ETF - April vs Innovator US Equity Power Buffer ETF - March
Which is better, PBAP or PMAR?
PMAR has been ahead.
PBAP has a lower expense ratio. PMAR 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 | PBAP | PMAR |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.79% |
| AUM | $38M | $751M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 16 | 18 |
| YTD Return | +9.59%Best | +9.25% |
| 1Y Return | +11.83% | +12.02%Best |
| 3Y Return (annualized) | - | +13.17% |
| 5Y Return (annualized) | - | +9.63% |
| Volatility (annualized) | 4.5%Best | 5.2% |
| Max Drawdown | -9.7% | -9.3%Best |
| $10,000 over 2.5 years | $12,650 | $13,284Best |
| Fund Family | PGIM Investments | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 29, 2024 | Mar 2, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 1, 2024 to Oct 14, 2026 (2.5 years).
PBAP vs PMAR 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 2.5 years both funds cover.
PBAP vs PMAR Performance
PGIM S&P 500 Buffer 20 ETF - April (PBAP) is an ETF from PGIM Investments and Innovator US Equity Power Buffer ETF - March (PMAR) is an ETF from Innovator ETFs Trust. Over the past year PBAP returned +11.83% while PMAR returned +12.02%. Year to date, PBAP is up 9.59% versus a gain of 9.25% for PMAR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PMAR has been the more volatile fund, with annualized monthly volatility of 5.2% compared with 4.5% for PBAP. 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 -9.7% for PBAP and -9.3% for PMAR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBAP charges 0.50% per year while PMAR charges 0.79%. On a $10,000 position that is $50 vs $79 annually, a gap of $29 per year that compounds over a long holding period. On income, PBAP currently yields 0.00% against 0.00% for PMAR.
You are not choosing between two funds in isolation.
Whichever of PBAP and PMAR 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, PBAP or PMAR?
PBAP has an expense ratio of 0.50% while PMAR charges 0.79%. PBAP is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, PBAP or PMAR?
Over the past year PBAP returned +11.83% vs +12.02% for PMAR, so PMAR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBAP or PMAR?
PMAR has been the more volatile fund at 5.2% annualized versus 4.5% for PBAP. Worst drawdown: PBAP -9.7% vs PMAR -9.3%.
Should I hold both PBAP and PMAR?
PBAP and PMAR have a monthly-return correlation of 0.84, 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, PBAP or PMAR?
PBAP yields 0.00% while PMAR yields 0.00%, so PMAR currently pays the higher dividend yield.
Is PMAR better than PBAP?
PBAP has a lower expense ratio. PMAR 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.