PBNV vs VOO
PGIM S&P 500 Buffer 20 ETF - November vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PBNV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $34M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | +7.38% | +13.72% | |
| 1Y Return | +10.82% | +21.63% | |
| 3Y Return (annualized) | - | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 4.9% | 14.1% | |
| Max Drawdown | -8.4% | -34.3% | |
| Fund Family | PGIM Investments | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 22, 2024 | Sep 7, 2010 |
PBNV vs VOO Performance
PGIM S&P 500 Buffer 20 ETF - November (PBNV) is a ETF from PGIM Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PBNV returned +10.82% while VOO returned +21.63%. Year to date, PBNV is up 7.38% versus a gain of 13.72% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 4.9% 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.97. 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 VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, PBNV currently yields 0.00% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, PBNV or VOO?
PBNV has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, PBNV or VOO?
Over the past year PBNV returned +10.82% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), PBNV annualized +11.05% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, PBNV or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 4.9% for PBNV. Worst drawdown: PBNV -8.4% vs VOO -34.3%.
Should I hold both PBNV and VOO?
PBNV and VOO have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
Which pays a higher dividend, PBNV or VOO?
PBNV yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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