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JUNM vs PMDE

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

JUNMCCboe

PGIM S&P 500 Max Buffer ETF - December

PMDEBCboe

Overlap

Expense ratio

PMDE −0.35pt a year

JUNM0.85%PMDE0.50%

Avg volume · 30D

JUNM 1.1×the volume

JUNM4.58KPMDE4.31K

JUNM vs PMDE Performance

Dec 31, 2025 – Oct 30, 2026

+3.6%JUNM+4.9%PMDE

Dec 31, 2025 to Oct 30, 2026. JUNM +3.6%. PMDE +4.9%. Use the arrow keys to read each point.0%1%2%Dec 2025Jun 2026Oct 2026
Expense ratio
JUNM 0.85%
PMDE 0.50%, better
Fund size
JUNM $67M
PMDE $9M
1Y total return
JUNM +4.4%
PMDE No data
Holdings
JUNM 3
PMDE 4
Avg volume (30D)
JUNM 4.58K sh, better
PMDE 4.31K sh
NAV per share
JUNM $35.51
PMDE $26.41
52W range

ETF.net Grade

JUNM: Cost 21, Risk 36, Mission not scored, Tradability 81, Holdings 68, Durability 86. PMDE: Cost 76, Risk 50, Mission not scored, Tradability 58, Holdings not scored, Durability 40.
Pillar letters and Scores for JUNM, PMDE, with each pillar’s weight
PillarJUNMPMDE
Cost30% weightF21A76Higher
Mission25% weightNot scoredNot scored
Risk15% weightD36C50Higher
Tradability15% weightA81HigherB58
Holdings10% weightB68Not scored
Durability5% weightA86HigherC40

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. JUNM 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 JUNM 14th 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 13CDECMFT Vest U.S. Equity Max Buffer ETF - DecemberScore 44
  4. Rank 14CJUNMFT Vest U.S. Equity Max Buffer ETF - JuneScore 43
  5. Rank 15DFEBMFT Vest U.S. Equity Max Buffer ETF - FebruaryScore 40

Our read on each fund

ETF.net Research

JUNMCFT Vest U.S. Equity Max Buffer ETF - June

PMDEBPGIM S&P 500 Max Buffer ETF - December

In short

JUNM Most buffer ETFs pick a number and defend it. This one chases the biggest buffer the options market will fund each June, then pays for it with a cap that leaves only a sliver of the S&P 500's upside.

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

JUNM The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust up to a preset cap while seeking the maximum available downside buffer over roughly one year. For June 22, 2026–June 17, 2027, it seeks 100% loss buffering with a 7.33% cap before fees and expenses.

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

  • JUNM Simple mechanics: track SPY's price return up to a preset cap while seeking the maximum downside buffer available, over a roughly one-year period that resets each June.ftportfolios.com
  • Cap and buffer are rebuilt with fresh options every June, so terms are repriced each year instead of frozen at launch.ftportfolios.com
  • What's being buffered is SPY, the original S&P 500 tracker, so the underlying exposure is about as plain-vanilla as US equity gets.
  • 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

  • JUNM The buffer is bought with upside: gains stop at the cap set each June, and the fund follows SPY's price only, so dividends don't feed your return.
  • At 0.85% a year, it runs above the Calamos structured-protection series (CPSJ, CPSM, CPST) at 0.69%. Cost is where it trails its floor-fund peer group.
  • Headline terms apply from the June start date, so a mid-period buyer gets a different cap and buffer. It's also a 2024 launch on the smaller, thinner-traded end of the shelf.
  • 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 JUNM profile⁠

Full PMDE profile⁠

JUNM 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.

JUNM vs PMDE Cost

Overpaying JUNM vs PMDE

$6,220

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

  • JUNM 0.85%

    $16,199

  • PMDE 0.50%

    $9,979

$10,000
30 years

Cost over time

  • JUNM 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$20K051015202530JUNM $16,199PMDE $9,979

Year by year

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

Expense ratio

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

PMDE cheapest of 20 funds

JUNM 12th cheapest of 20 funds

JUNM vs PMDE Dividends

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

Distribution history

JUNMAll JUNM payments⁠

No distribution history available.

PMDEAll PMDE payments⁠

No distribution history available.

JUNM vs PMDE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
JUNM 3.2%since Jul 2024PMDE No data
Return per unit of riskSharpe ratio, 3 years
JUNM 0.70since Jul 2024PMDE No data
Worst fallMax drawdown, 5 years
JUNM −5.4%since Jun 2024PMDE No data
Market sensitivityBeta, 5 years
JUNM 0.22PMDE 0.17

Popular comparisons

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

    Expense ratio
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  • PMDEBvsPMSEB

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    Expense ratio
    0.50% · 0.50%
    Category
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    0.85% · 0.50%
    Category
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  • PMDEBvsPMJNB

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

    Expense ratio
    0.50% · 0.50%
    Category
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