PMMR vs SCHD
PGIM S&P 500 Max Buffer ETF - March vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | PMMR | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $5M | $108.7B | |
| Dividend Yield | 0.00% | 3.13% | |
| Holdings | 6 | 104 | |
| YTD Return | +3.50% | +27.67% | |
| 1Y Return | +6.15% | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 1.8% | 13.6% | |
| Max Drawdown | -2.4% | -33.4% | |
| Fund Family | PGIM Investments | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | Feb 28, 2025 | Oct 20, 2011 |
PMMR vs SCHD Performance
PGIM S&P 500 Max Buffer ETF - March (PMMR) is a ETF from PGIM Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PMMR returned +6.15% while SCHD returned +31.26%. Year to date, PMMR is up 3.50% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -2.4% for PMMR and -33.4% for SCHD. 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 0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PMMR charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, PMMR currently yields 0.00% against 3.13% for SCHD.
Frequently Asked Questions
Which is cheaper, PMMR or SCHD?
PMMR has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, PMMR or SCHD?
Over the past year PMMR returned +6.15% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), PMMR annualized +6.48% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, PMMR or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 1.8% for PMMR. Worst drawdown: PMMR -2.4% vs SCHD -33.4%.
Should I hold both PMMR and SCHD?
PMMR and SCHD have a monthly-return correlation of 0.31, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, PMMR or SCHD?
PMMR yields 0.00% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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