PBAP vs PBOC
PGIM S&P 500 Buffer 20 ETF - April vs PGIM S&P 500 Buffer 20 ETF - October
Which is better, PBAP or PBOC?
Each has led over a different period.
PBAP led over 1Y, PBOC over the full window.
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 | PBAP | PBOC |
|---|---|---|
| Expense Ratio | 0.50%Tie | 0.50%Tie |
| AUM | $38M | $62M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 16 | 14 |
| YTD Return | +9.59%Best | +8.34% |
| 1Y Return | +11.83%Best | +10.72% |
| Volatility (annualized) | 4.4%Best | 4.5% |
| Max Drawdown | -9.7% | -8.3%Best |
| $10,000 over 2.4 years | $12,567 | $12,617Best |
| Fund Family | PGIM Investments | PGIM Investments |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Mar 29, 2024 | May 16, 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 17, 2024 to Oct 14, 2026 (2.4 years).
PBAP vs PBOC 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.
PBAP vs PBOC Performance
PGIM S&P 500 Buffer 20 ETF - April (PBAP) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 20 ETF - October (PBOC) is an ETF from PGIM Investments. Over the past year PBAP returned +11.83% while PBOC returned +10.72%. Year to date, PBAP is up 9.59% versus a gain of 8.34% for PBOC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBOC has been the more volatile fund, with annualized monthly volatility of 4.5% compared with 4.4% 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 -9.7% for PBAP and -8.3% for PBOC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PBAP charges 0.50% per year while PBOC charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, PBAP currently yields 0.00% against 0.00% for PBOC.
You are not choosing between two funds in isolation.
Whichever of PBAP and PBOC 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, PBAP or PBOC?
PBAP has an expense ratio of 0.50% while PBOC charges 0.50%. At the precision these are quoted to, they cost the same.
Which performed better, PBAP or PBOC?
Over the past year PBAP returned +11.83% vs +10.72% for PBOC, so PBAP leads on 1-year performance. Over the longest common window we track (2 years), PBAP annualized +9.99% vs +10.17% for PBOC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PBAP or PBOC?
PBOC has been the more volatile fund at 4.5% annualized versus 4.4% for PBAP. Worst drawdown: PBAP -9.7% vs PBOC -8.3%.
Should I hold both PBAP and PBOC?
PBAP and PBOC have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PBAP or PBOC?
PBAP yields 0.00% while PBOC yields 0.00%, so PBOC currently pays the higher dividend yield.
Is PBOC better than PBAP?
PBAP led over 1Y, PBOC over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.