DECP vs NOVP
PGIM S&P 500 Buffer 12 ETF - December vs PGIM S&P 500 Buffer 12 ETF - November
Which is better, DECP or NOVP?
Each has led over a different period.
DECP led over 1Y, NOVP over the full window. The two have moved almost in lockstep, correlation 0.97.
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 | DECP | NOVP |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $34M | $36M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 14 | 8 |
| YTD Return | +10.38% | +10.87%Best |
| 1Y Return | +14.98%Best | +13.08% |
| Volatility (annualized) | 6.8%Tie | 6.8%Tie |
| Max Drawdown | -12.1% | -11.8%Best |
| $10,000 over 2.4 years | $13,426 | $13,526Best |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | May 24, 2024 | May 22, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 24, 2024 to Oct 14, 2026 (2.4 years).
DECP vs NOVP 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 2.4 years both funds cover.
DECP vs NOVP Performance
PGIM S&P 500 Buffer 12 ETF - December (DECP) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 12 ETF - November (NOVP) is an ETF from PGIM Investments. Over the past year DECP returned +14.98% while NOVP returned +13.08%. Year to date, DECP is up 10.38% versus a gain of 10.87% for NOVP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DECP and NOVP have been equally volatile, both at 6.8% annualized.
The deepest peak-to-trough decline in our data was -12.1% for DECP and -11.8% for NOVP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DECP charges 0.50% per year while NOVP charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, DECP currently yields 0.00% against 0.00% for NOVP.
You are not choosing between two funds in isolation.
Whichever of DECP and NOVP 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, DECP or NOVP?
DECP has an expense ratio of 0.50% while NOVP charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, DECP or NOVP?
Over the past year DECP returned +14.98% vs +13.08% for NOVP, so DECP leads on 1-year performance. Over the longest common window we track (2 years), DECP annualized +13.06% vs +13.41% for NOVP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DECP or NOVP?
DECP and NOVP have been equally volatile, both at 6.8% annualized. Worst drawdown: DECP -12.1% vs NOVP -11.8%.
Should I hold both DECP and NOVP?
DECP and NOVP have a monthly-return correlation of 0.97, 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, DECP or NOVP?
DECP yields 0.00% while NOVP yields 0.00%, so NOVP currently pays the higher dividend yield.
Is NOVP better than DECP?
DECP led over 1Y, NOVP over the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.