PBNV vs XTJL
PGIM S&P 500 Buffer 20 ETF - November vs Innovator US Equity Accelerated Plus ETF - July
Which is better, PBNV or XTJL?
XTJL has been ahead.
PBNV has a lower expense ratio. XTJL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91.
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 | XTJL |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.79% |
| AUM | $37M | $17M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 14 | 21 |
| YTD Return | +8.91% | +9.63%Best |
| 1Y Return | +10.57% | +13.15%Best |
| 3Y Return (annualized) | - | +16.02% |
| 5Y Return (annualized) | - | +9.94% |
| Volatility (annualized) | 4.8%Best | 6.7% |
| Max Drawdown | -8.4%Best | -16.7% |
| $10,000 over 2.4 years | $12,810 | $13,684Best |
| Fund Family | PGIM Investments | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 22, 2024 | Jun 30, 2021 |
Not shown on this pair: 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).
PBNV vs XTJL 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.
PBNV vs XTJL Performance
PGIM S&P 500 Buffer 20 ETF - November (PBNV) is an ETF from PGIM Investments and Innovator US Equity Accelerated Plus ETF - July (XTJL) is an ETF from Innovator ETFs Trust. Over the past year PBNV returned +10.57% while XTJL returned +13.15%. Year to date, PBNV is up 8.91% versus a gain of 9.63% for XTJL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XTJL has been the more volatile fund, with annualized monthly volatility of 6.7% compared with 4.8% for PBNV. 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 -8.4% for PBNV and -16.7% for XTJL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 XTJL 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, PBNV currently yields 0.00% against 0.00% for XTJL.
You are not choosing between two funds in isolation.
Whichever of PBNV and XTJL 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 XTJL?
PBNV has an expense ratio of 0.50% while XTJL charges 0.79%. PBNV is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, PBNV or XTJL?
Over the past year PBNV returned +10.57% vs +13.15% for XTJL, so XTJL leads on 1-year performance. Over the longest common window we track (2 years), PBNV annualized +10.87% vs +13.96% for XTJL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBNV or XTJL?
XTJL has been the more volatile fund at 6.7% annualized versus 4.8% for PBNV. Worst drawdown: PBNV -8.4% vs XTJL -16.7%.
Should I hold both PBNV and XTJL?
PBNV and XTJL have a monthly-return correlation of 0.91, 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 XTJL?
PBNV yields 0.00% while XTJL yields 0.00%, so XTJL currently pays the higher dividend yield.
Is XTJL better than PBNV?
PBNV has a lower expense ratio. XTJL led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.