PBJL vs SEPP
PGIM S&P 500 Buffer 20 ETF - July vs PGIM S&P 500 Buffer 12 ETF - September
Which is better, PBJL or SEPP?
SEPP has been ahead.
SEPP 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 | PBJL | SEPP |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $75M | $33M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 14 | 14 |
| YTD Return | +6.85% | +8.86%Best |
| 1Y Return | +9.12% | +11.86%Best |
| Volatility (annualized) | 4.9%Best | 6.3% |
| Max Drawdown | -9.0%Best | -11.8% |
| $10,000 over 2.4 years | $12,719 | $13,250Best |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | May 8, 2024 | May 15, 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 16, 2024 to Oct 14, 2026 (2.4 years).
PBJL vs SEPP 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.
PBJL vs SEPP Performance
PGIM S&P 500 Buffer 20 ETF - July (PBJL) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 12 ETF - September (SEPP) is an ETF from PGIM Investments. Over the past year PBJL returned +9.12% while SEPP returned +11.86%. Year to date, PBJL is up 6.85% versus a gain of 8.86% for SEPP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SEPP has been the more volatile fund, with annualized monthly volatility of 6.3% compared with 4.9% for PBJL. 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 -9.0% for PBJL and -11.8% for SEPP. 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
PBJL charges 0.50% per year while SEPP charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, PBJL currently yields 0.00% against 0.00% for SEPP.
You are not choosing between two funds in isolation.
Whichever of PBJL and SEPP 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, PBJL or SEPP?
PBJL has an expense ratio of 0.50% while SEPP charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, PBJL or SEPP?
Over the past year PBJL returned +9.12% vs +11.86% for SEPP, so SEPP leads on 1-year performance. Over the longest common window we track (2 years), PBJL annualized +10.54% vs +12.44% for SEPP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBJL or SEPP?
SEPP has been the more volatile fund at 6.3% annualized versus 4.9% for PBJL. Worst drawdown: PBJL -9.0% vs SEPP -11.8%.
Should I hold both PBJL and SEPP?
PBJL and SEPP 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, PBJL or SEPP?
PBJL yields 0.00% while SEPP yields 0.00%, so SEPP currently pays the higher dividend yield.
Is SEPP better than PBJL?
SEPP 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.