PBNV vs PMMR
PGIM S&P 500 Buffer 20 ETF - November vs PGIM S&P 500 Max Buffer ETF - March
Which is better, PBNV or PMMR?
PBNV has been ahead.
PBNV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90.
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 | PBNV | PMMR |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $37M | $6M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 14 | 14 |
| YTD Return | +8.91%Best | +4.34% |
| 1Y Return | +10.57%Best | +5.95% |
| Volatility (annualized) | 5.0% | 1.8%Best |
| Max Drawdown | -6.9% | -2.4%Best |
| $10,000 over 1.6 years | $11,863Best | $11,040 |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 22, 2024 | Feb 28, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 3, 2025 to Oct 14, 2026 (1.6 years).
PBNV vs PMMR 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 1.6 years both funds cover.
PBNV vs PMMR Performance
PGIM S&P 500 Buffer 20 ETF - November (PBNV) is an ETF from PGIM Investments and PGIM S&P 500 Max Buffer ETF - March (PMMR) is an ETF from PGIM Investments. Over the past year PBNV returned +10.57% while PMMR returned +5.95%. Year to date, PBNV is up 8.91% versus a gain of 4.34% for PMMR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBNV has been the more volatile fund, with annualized monthly volatility of 5.0% compared with 1.8% for PMMR. 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 -6.9% for PBNV and -2.4% for PMMR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PBNV charges 0.50% per year while PMMR charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, PBNV currently yields 0.00% against 0.00% for PMMR.
You are not choosing between two funds in isolation.
Whichever of PBNV and PMMR 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, PBNV or PMMR?
PBNV has an expense ratio of 0.50% while PMMR charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, PBNV or PMMR?
Over the past year PBNV returned +10.57% vs +5.95% for PMMR, so PBNV leads on 1-year performance. Over the longest common window we track (2 years), PBNV annualized +11.27% vs +6.38% for PMMR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBNV or PMMR?
PBNV has been the more volatile fund at 5.0% annualized versus 1.8% for PMMR. Worst drawdown: PBNV -6.9% vs PMMR -2.4%.
Should I hold both PBNV and PMMR?
PBNV and PMMR have a monthly-return correlation of 0.90, 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, PBNV or PMMR?
PBNV yields 0.00% while PMMR yields 0.00%, so PMMR currently pays the higher dividend yield.
Is PMMR better than PBNV?
PBNV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.