PBFB vs PMNV
PGIM S&P 500 Buffer 20 ETF - February vs PGIM S&P 500 Max Buffer ETF - November
Which is better, PBFB or PMNV?
PBFB has been ahead.
PBFB led over 1Y. The two have moved almost in lockstep, correlation 0.93.
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 | PBFB | PMNV |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $42M | $5M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 14 | 7 |
| YTD Return | +7.18%Best | +5.91% |
| 1Y Return | +9.03%Best | +6.51% |
| Volatility (annualized) | 5.3% | 2.5%Best |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Feb 1, 2024 | Oct 31, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
PBFB vs PMNV 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
PBFB vs PMNV Performance
PGIM S&P 500 Buffer 20 ETF - February (PBFB) is an ETF from PGIM Investments and PGIM S&P 500 Max Buffer ETF - November (PMNV) is an ETF from PGIM Investments. Over the past year PBFB returned +9.03% while PMNV returned +6.51%. Year to date, PBFB is up 7.18% versus a gain of 5.91% for PMNV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBFB has been the more volatile fund, with annualized monthly volatility of 5.3% compared with 2.5% for PMNV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PBFB charges 0.50% per year while PMNV charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, PBFB currently yields 0.00% against 0.00% for PMNV.
You are not choosing between two funds in isolation.
Whichever of PBFB and PMNV 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, PBFB or PMNV?
PBFB has an expense ratio of 0.50% while PMNV charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, PBFB or PMNV?
Over the past year PBFB returned +9.03% vs +6.51% for PMNV, so PBFB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBFB or PMNV?
PBFB has been the more volatile fund at 5.3% annualized versus 2.5% for PMNV.
Should I hold both PBFB and PMNV?
PBFB and PMNV have a monthly-return correlation of 0.93, 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, PBFB or PMNV?
PBFB yields 0.00% while PMNV yields 0.00%, so PMNV currently pays the higher dividend yield.
Is PMNV better than PBFB?
PBFB led over 1Y. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.