Which has more room to gain, PBMY or PMMY?

From their prices on Nov 4, 2026, PBMY can gain about 6.0% before its cap and PMMY about 3.9%, so PBMY has more room left this period.

Which resets first, PBMY or PMMY?

PBMY ends its outcome period on Apr 30, 2027 and PMMY on Apr 30, 2027. A new cap is set the day after each.

Which is cheaper, PBMY or PMMY?

PBMY and PMMY both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

PBMY vs PMMY: Cap, Buffer & Days Left

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As of Nov 4, 2026 PBMY can fall 4.8% before its buffer engages and PMMY 2.9%.

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Net assets on Nov 4, 2026: $40m for PGIM S&P 500 Buffer 20 ETF - May and $5.4m for PGIM S&P 500 Max Buffer ETF - May.

PBMY on its own →PMMY on its own →

At a glance

4.8%

PBMY can fall this far before its buffer

2.9%

PMMY can fall this far before its buffer

6.0%

PBMY can still gain

3.9%

PMMY can still gain

PBMY Between buffer and cap

PBMY: reference +6.7% since period start, fund +4.5%; buffer 0 to −20; cap +11.3%; Between buffer and cap. Data to Nov 4, 2026.

PMMY Full floor

PMMY: reference +6.7% since period start, fund +2.5%; buffer Floor; cap +7.0%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

Both cost 0.50% a year; their one-year returns differ by 3.2 points; PBMY is 7.4 times larger.

Points (pts) are percentage points.

PBMY vs PMMY: Cap, Buffer & Days Left
Measure	PBMY	PMMY
Return
Measure	PBMY	PMMY
Total return, 1 year	+8.3%	+5.1%
Drawdown
Measure	PBMY	PMMY
Index fall to the buffer	6.3%
Benchmark
Measure	PBMY	PMMY
What it tracks	SPY	SPY
Cost and size
Measure	PBMY	PMMY
Expense ratio	0.50%	0.50%
Net assets	$40m	$5.4m
Holdings
Measure	PBMY	PMMY
Holdings in common	not published

Method

Window by window

Window by window: PBMY vs PMMY: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	PBMY	PMMY	PBMY	PMMY
3 months	+1.3%	+1.0%	+1.7 pts	+1.4 pts
6 months	+3.8%	+2.3%	−0.7 pts	−2.2 pts
1 year	+8.3%	+5.1%	−5.3 pts	−8.5 pts
Since launchNot the same days: PBMY May 2024 · PMMY May 2025	+28.3%	+8.8%	−25.0 pts	−28.5 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

PBMY PGIM S&P 500 Buffer 20 ETF - May · Absorbs the first 20% of loss on SPY and caps the gain at 11.3%, over a period ending Apr 30, 2027 PMMY PGIM S&P 500 Max Buffer ETF - May · Absorbs the whole loss on SPY and caps the gain at 7.0%, over a period ending Apr 30, 2027

Issuer PGIM PGIM

Reference index SPY SPY

Buffer 20% 100%

Outcome period May 1, 2026 to Apr 30, 2027 May 1, 2026 to Apr 30, 2027

Days left 177 177

Starting cap +11.3% +7.0%

Can still gain 6.0% 3.9%

Fall before buffer 4.8% 2.9%

Protection left, index points 20.0% of 20.0% 100.0% of 100.0%

Index return this period +6.7% +6.7%

Fund return this period +4.5% +2.5%

State today Open Open

Expense ratio 0.50% 0.50%

Net assets $40m $5.4m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. PMMY is a floor fund, which caps how far a holder can fall. PBMY is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

Both are PGIM funds, so the difference between them is the terms rather than the house.

Where each one stands today

PBMY resets first, on Apr 30, 2027, 177 days from now; PMMY runs to Apr 30, 2027, 177 days. PBMY can still gain 6.0% before its cap, PMMY 3.9%. A fall from here reaches PBMY’s buffer after 4.8% and PMMY’s after 2.9%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

PBMY

From its price on Nov 4, 2026, the fund can gain about 6.0% more before it reaches its cap. The fund's price can fall 4.8% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 6.3% from today's level to the point where the buffer begins. Protection left, in index points: 20.0% of the 20.0% buffer still sits below today's SPY level. 177 days remained on Nov 4, 2026. On Apr 30, 2027 the period ends and a new cap is set.

PMMY

From its price on Nov 4, 2026, the fund can gain about 3.9% more before it reaches its cap. The fund's price can fall 2.9% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level.

Questions people ask

Which has more room to gain, PBMY or PMMY?: From their prices on Nov 4, 2026, PBMY can gain about 6.0% before its cap and PMMY about 3.9%, so PBMY has more room left this period.
Which resets first, PBMY or PMMY?: PBMY ends its outcome period on Apr 30, 2027 and PMMY on Apr 30, 2027. A new cap is set the day after each.
Which is cheaper, PBMY or PMMY?: PBMY and PMMY both charge 0.50% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

PBMY vs HMAY PBMY vs CTMA PBMY vs APXM PBMY vs CPSP PMMY vs DDTY PMMY vs CPSM PMMY vs CPSP PMMY vs APXM

Where to next

SPDR S&P 500 ETF Trust →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →PBMY on its own →PMMY on its own →PBMY dividend history →Method →Standards and sources →

Sources and dates

PBMY and PMMY filings on SEC EDGAR ↗

PGIM website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, PBMY against PMMY, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/pbmy-vs-pmmy

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.