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JULM vs PMDE

FT Vest U.S. Equity Max Buffer ETF - July

JULMDCboe

PGIM S&P 500 Max Buffer ETF - December

PMDEBCboe

Overlap

Expense ratio

PMDE −0.35pt a year

JULM0.85%PMDE0.50%

Avg volume · 30D

JULM 1.2×the volume

JULM5.36KPMDE4.31K

JULM vs PMDE Performance

Dec 31, 2025 – Oct 30, 2026

+4.2%JULM+4.9%PMDE

Dec 31, 2025 to Oct 30, 2026. JULM +4.2%. PMDE +4.9%. Use the arrow keys to read each point.0%1%2%3%Dec 2025Jun 2026Oct 2026
Expense ratio
JULM 0.85%
PMDE 0.50%, better
Fund size
JULM $36M
PMDE $9M
1Y total return
JULM +5.0%
PMDE No data
Holdings
JULM 3
PMDE 4
Avg volume (30D)
JULM 5.36K sh, better
PMDE 4.31K sh
NAV per share
JULM $35.03
PMDE $26.41
52W range

ETF.net Grade

JULM: Cost 21, Risk 45, Mission not scored, Tradability 61, Holdings not scored, Durability 72. PMDE: Cost 76, Risk 50, Mission not scored, Tradability 58, Holdings not scored, Durability 40.
Pillar letters and Scores for JULM, PMDE, with each pillar’s weight
PillarJULMPMDE
Cost30% weightF21A76Higher
Mission25% weightNot scoredNot scored
Risk15% weightC45C50Higher
Tradability15% weightB61HigherB58
Holdings10% weightNot scoredNot scored
Durability5% weightA72HigherC40

Rank among S&P 500 Max Buffer funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. JULM and PMDE are both graded against the same 20 S&P 500 Max Buffer funds, so their Grades compare head to head.

S&P 500 Max Buffer⁠

Category · 20 funds
See all 20 ›

PMDE ranks 1st and JULM 17th of 20 funds in the S&P 500 Max Buffer Category.

  1. Rank 1BPMDEPGIM S&P 500 Max Buffer ETF - DecemberScore 63
  2. Rank 2BPMJLPGIM S&P 500 Max Buffer ETF - JulyScore 56
  3. Rank 15CPMAPPGIM S&P 500 Max Buffer ETF - AprilScore 40
  4. Rank 17DJULMFT Vest U.S. Equity Max Buffer ETF - JulyScore 39
  5. Rank 17DMAYMFT Vest U.S. Equity Max Buffer ETF - MayScore 39

Our read on each fund

ETF.net Research

JULMDFT Vest U.S. Equity Max Buffer ETF - July

PMDEBPGIM S&P 500 Max Buffer ETF - December

In short

JULM No data

PMDE PGIM's December-dated buffer fund aims to offset the entire one-year drop in SPY's price, not just the first slice, and gives up the upside above a cap reset each period. Heavy armor, low ceiling, 0.50% a year.

Stated mandate

JULM No data

PMDE The Fund seeks to track SPY’s price return up to a predetermined cap while seeking to maximize protection from SPY losses over a one-year Target Outcome Period.

Why people hold it

JULM No data

  • PMDE Full-armor design: it seeks to offset SPY's whole price decline across a one-year outcome period, where most buffer funds absorb only an initial slice of the fall.pgim.com
  • Costs 0.50% a year against a 0.79% median for S&P 500 buffer funds, undercutting December-dated rivals like PDEC (0.79%).
  • The reference is SPY itself, so the payoff keys off a price you can watch all day, and the outcome period resets on a set annual schedule with nothing for you to roll.pgim.com

Worth knowing

JULM No data

  • PMDE Maximum protection is paid for with a low ceiling: gains stop at a cap set when each period starts, and buying mid-period leaves you with a different cap and buffer than the headline terms.
  • It tracks SPY's price return, so S&P 500 dividends don't flow through and the fund isn't built as an income payer.
  • Launched in late 2025 and still a small, lightly traded fund, which can mean wider bid-ask spreads than the veterans of the buffer aisle.

Full JULM profile⁠

Full PMDE profile⁠

JULM vs PMDE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

JULM vs PMDE Cost

Overpaying JULM vs PMDE

$6,220

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • JULM 0.85%

    $16,199

  • PMDE 0.50%

    $9,979

$10,000
30 years

Cost over time

  • JULM 0.85%
  • PMDE 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530JULM $16,199PMDE $9,979

Year by year

YearJULMPMDEOverpaying
10$1,508$900$608
20$5,706$3,460$2,246
30$16,199$9,979$6,220

Expense ratio

  • 0.85%JULM
  • 0.50%PMDE, cheaper
  • Middle half of S&P 500 Max Buffer funds
  • Median 0.52%

PMDE cheapest of 20 funds

JULM 12th cheapest of 20 funds

JULM vs PMDE Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
JULM None
PMDE None

Distribution history

JULMAll JULM payments⁠

No distribution history available.

PMDEAll PMDE payments⁠

No distribution history available.

JULM vs PMDE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
JULM 2.6%since Aug 2024PMDE No data
Return per unit of riskSharpe ratio, 3 years
JULM 0.80since Aug 2024PMDE No data
Worst fallMax drawdown, 5 years
JULM −4.4%since Jul 2024PMDE No data
Market sensitivityBeta, 5 years
JULM 0.20PMDE 0.17

Popular comparisons

  • JULMDvsPMJLB

    FT Vest U.S. Equity Max Buffer ETF - July · PGIM S&P 500 Max Buffer ETF - July

    Expense ratio
    0.85% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PMDEBvsPMJLB

    PGIM S&P 500 Max Buffer ETF - December · PGIM S&P 500 Max Buffer ETF - July

    Expense ratio
    0.50% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • JULMDvsPMSEB

    FT Vest U.S. Equity Max Buffer ETF - July · PGIM S&P 500 Max Buffer ETF - September

    Expense ratio
    0.85% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PMDEBvsPMSEB

    PGIM S&P 500 Max Buffer ETF - December · PGIM S&P 500 Max Buffer ETF - September

    Expense ratio
    0.50% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • JULMDvsPMJNB

    FT Vest U.S. Equity Max Buffer ETF - July · PGIM S&P 500 Max Buffer ETF - June

    Expense ratio
    0.85% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PMDEBvsPMJNB

    PGIM S&P 500 Max Buffer ETF - December · PGIM S&P 500 Max Buffer ETF - June

    Expense ratio
    0.50% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.