PBAU vs PMJL
PGIM S&P 500 Buffer 20 ETF - August vs PGIM S&P 500 Max Buffer ETF - July
Which is better, PBAU or PMJL?
PBAU has been ahead.
PBAU led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | PBAU | PMJL |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $40M | $7M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 8 | 12 |
| YTD Return | +7.58%Best | +4.49% |
| 1Y Return | +9.92%Best | +5.84% |
| Volatility (annualized) | 4.0% | 1.9%Best |
| Max Drawdown | -3.3% | -1.5%Best |
| $10,000 over 1.3 years | $11,462Best | $10,813 |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | May 10, 2024 | Jun 30, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 1, 2025 to Oct 14, 2026 (1.3 years).
PBAU vs PMJL 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 1.3 years both funds cover.
PBAU vs PMJL Performance
PGIM S&P 500 Buffer 20 ETF - August (PBAU) is an ETF from PGIM Investments and PGIM S&P 500 Max Buffer ETF - July (PMJL) is an ETF from PGIM Investments. Over the past year PBAU returned +9.92% while PMJL returned +5.84%. Year to date, PBAU is up 7.58% versus a gain of 4.49% for PMJL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBAU has been the more volatile fund, with annualized monthly volatility of 4.0% compared with 1.9% for PMJL. 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 -3.3% for PBAU and -1.5% for PMJL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PBAU charges 0.50% per year while PMJL charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, PBAU currently yields 0.00% against 0.00% for PMJL.
You are not choosing between two funds in isolation.
Whichever of PBAU and PMJL 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, PBAU or PMJL?
PBAU has an expense ratio of 0.50% while PMJL charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, PBAU or PMJL?
Over the past year PBAU returned +9.92% vs +5.84% for PMJL, so PBAU leads on 1-year performance. Over the longest common window we track (1 years), PBAU annualized +11.07% vs +6.20% for PMJL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBAU or PMJL?
PBAU has been the more volatile fund at 4.0% annualized versus 1.9% for PMJL. Worst drawdown: PBAU -3.3% vs PMJL -1.5%.
Should I hold both PBAU and PMJL?
PBAU and PMJL have a monthly-return correlation of 0.98, 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, PBAU or PMJL?
PBAU yields 0.00% while PMJL yields 0.00%, so PMJL currently pays the higher dividend yield.
Is PMJL better than PBAU?
PBAU led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.