Defined Outcome

The PGIM S&P 500 Max Buffer ETF - April seeks to match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while maximizing downside protection over a one-year target outcome period resetting each April. The fund uses FLEX options to structure buffered exposure to the S&P 500.

Cboe US

PMAP

The iShares Large Cap Max Buffer Mar ETF seeks to track the share price return of the iShares Core S&P 500 ETF up to an approximate upside limit, while seeking to maximize downside protection against price declines of the Underlying ETF over an approximate 12-month period beginning at the end of each March.

MMAX

The Calamos S&P 500 Structured Alt Protection ETF - April provides 100% downside protection against negative S&P 500 returns over a one-year outcome period, with upside participation up to a defined cap. The fund invests in FLEX options referencing the SPDR S&P 500 ETF Trust and resets annually each April.

NYSEArca

CPSP

PMMY

The FT Vest U.S. Equity Max Buffer ETF - April is a target outcome ETF that uses FLEX options to seek SPDR S&P 500 ETF price returns up to a cap while providing 100% downside protection over a one-year outcome period resetting each April.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
PMAP	PGIM S&P 500 Max Buffer ETF - April	6.28	—	—	99
MMAX	iShares Large Cap Max Buffer Mar ETF	5.29	—	—	99
CPSP	Calamos S&P 500 Structured Alt Protection ETF - Ap...	5.01	—	—	98
PMMY	PGIM S&P 500 Max Buffer ETF - May	4.82	—	—	98
APXM	FT Vest U.S. Equity Max Buffer ETF - April	4.82	—	—	98

Top Defined Outcome ETFs by Sharpe Ratio

Top Defined Outcome ETFs by Sharpe Ratio