APRP vs PBAP
PGIM S&P 500 Buffer 12 ETF - April vs PGIM S&P 500 Buffer 20 ETF - April
Which is better, APRP or PBAP?
APRP has been ahead.
APRP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | APRP | PBAP |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $32M | $38M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 16 | 16 |
| YTD Return | +12.73%Best | +9.59% |
| 1Y Return | +15.63%Best | +11.83% |
| Volatility (annualized) | 6.2% | 4.5%Best |
| Max Drawdown | -13.7% | -9.7%Best |
| $10,000 over 2.5 years | $13,361Best | $12,650 |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 29, 2024 | Mar 29, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Apr 1, 2024 to Oct 14, 2026 (2.5 years).
APRP vs PBAP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
APRP vs PBAP Performance
PGIM S&P 500 Buffer 12 ETF - April (APRP) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 20 ETF - April (PBAP) is an ETF from PGIM Investments. Over the past year APRP returned +15.63% while PBAP returned +11.83%. Year to date, APRP is up 12.73% versus a gain of 9.59% for PBAP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
APRP has been the more volatile fund, with annualized monthly volatility of 6.2% compared with 4.5% for PBAP. 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 -13.7% for APRP and -9.7% for PBAP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
APRP charges 0.50% per year while PBAP charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, APRP currently yields 0.00% against 0.00% for PBAP.
You are not choosing between two funds in isolation.
Whichever of APRP and PBAP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, APRP or PBAP?
APRP has an expense ratio of 0.50% while PBAP charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, APRP or PBAP?
Over the past year APRP returned +15.63% vs +11.83% for PBAP, so APRP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, APRP or PBAP?
APRP has been the more volatile fund at 6.2% annualized versus 4.5% for PBAP. Worst drawdown: APRP -13.7% vs PBAP -9.7%.
Should I hold both APRP and PBAP?
APRP and PBAP have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, APRP or PBAP?
APRP yields 0.00% while PBAP yields 0.00%, so PBAP currently pays the higher dividend yield.
Is PBAP better than APRP?
APRP led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.