PBMR vs PBNV
PGIM S&P 500 Buffer 20 ETF - March vs PGIM S&P 500 Buffer 20 ETF - November
Which is better, PBMR or PBNV?
PBMR has been ahead.
PBMR led over the full window. The two have moved almost in lockstep, correlation 0.96.
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 | PBMR | PBNV |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $38M | $37M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 8 | 14 |
| YTD Return | +7.97% | +8.91%Best |
| 1Y Return | +10.57%Tie | +10.57%Tie |
| Volatility (annualized) | 4.2%Best | 4.8% |
| Max Drawdown | -7.6%Best | -8.4% |
| $10,000 over 2.4 years | $12,816Best | $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).
PBMR 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.
PBMR vs PBNV Performance
PGIM S&P 500 Buffer 20 ETF - March (PBMR) 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 PBMR returned +10.57% while PBNV returned +10.57%. Year to date, PBMR is up 7.97% versus a gain of 8.91% for PBNV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBNV has been the more volatile fund, with annualized monthly volatility of 4.8% compared with 4.2% for PBMR. 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 -7.6% for PBMR 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PBMR charges 0.50% per year while PBNV charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, PBMR currently yields 0.00% against 0.00% for PBNV.
You are not choosing between two funds in isolation.
Whichever of PBMR 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, PBMR or PBNV?
PBMR 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, PBMR or PBNV?
Over the past year PBMR returned +10.57% vs +10.57% for PBNV, so PBNV leads on 1-year performance. Over the longest common window we track (2 years), PBMR annualized +10.89% vs +10.87% for PBNV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBMR or PBNV?
PBNV has been the more volatile fund at 4.8% annualized versus 4.2% for PBMR. Worst drawdown: PBMR -7.6% vs PBNV -8.4%.
Should I hold both PBMR and PBNV?
PBMR and PBNV have a monthly-return correlation of 0.96, 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, PBMR or PBNV?
PBMR yields 0.00% while PBNV yields 0.00%, so PBNV currently pays the higher dividend yield.
Is PBNV better than PBMR?
PBMR led over the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.