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PGIM S&P 500 Buffer 12 ETF - December (DECP)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PGIM S&P 500 Buffer 12 ETF - December (DECP)

ETF · Main listing DECP · Currency in USD · Last updated Apr 3, 2026

DECP is an actively managed ETF by PGIM. DECP launched on May 23, 2024 and has a 0.50% expense ratio.

ETF Info

Issuer
PGIM
Inception Date
May 23, 2024
Category
Defined Outcome
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
United States
Distribution Policy
Accumulating
Asset Class
Alternatives
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart

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PGIM S&P 500 Buffer 12 ETF - December

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in PGIM S&P 500 Buffer 12 ETF - December, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

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S&P 500 Index

Returns By Period

PGIM S&P 500 Buffer 12 ETF - December (DECP) has returned -1.87% so far this year and 14.54% over the past 12 months.

PGIM S&P 500 Buffer 12 ETF - December

1D
0.12%
1M
-1.94%
YTD
-1.87%
6M
1.55%
1Y
14.54%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
0.11%
1M
-3.43%
YTD
-3.84%
6M
-1.98%
1Y
16.08%
3Y*
16.86%
5Y*
10.37%
10Y*
12.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 24, 2024, DECP's average daily return is +0.04%, while the average monthly return is +0.74%. At this rate, your investment would double in approximately 7.8 years.

Historically, 71% of months were positive and 29% were negative. The best month was May 2025 with a return of +4.1%, while the worst month was Mar 2025 at -3.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, DECP closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +6.1%, while the worst single day was Apr 4, 2025 at -3.8%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.93%-0.31%-3.12%0.66%-1.87%
20251.99%-0.96%-3.25%-0.38%4.05%3.26%1.62%1.50%2.70%1.55%1.56%0.52%14.87%
2024-0.17%1.86%0.71%1.41%0.90%0.13%1.98%-1.28%5.64%

Benchmark Metrics

PGIM S&P 500 Buffer 12 ETF - December has an annualized alpha of 2.24%, beta of 0.59, and R² of 0.94 versus S&P 500 Index. Calculated based on daily prices since May 28, 2024.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (62.53%) than losses (51.88%) — typical of diversified or defensive assets.
  • This ETF generated an annualized alpha of 2.24% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
  • Beta of 0.59 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
Alpha
2.24%
Beta
0.59
R²
0.94
Upside Capture
62.53%
Downside Capture
51.88%

Expense Ratio

DECP has an expense ratio of 0.50%, placing it in the medium range.

Return for Risk

Risk / Return Rank

DECP ranks 67 for risk / return — better than 67% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

DECP Risk / Return Rank: 6767
Overall Rank
DECP Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
DECP Sortino Ratio Rank: 6868
Sortino Ratio Rank
DECP Omega Ratio Rank: 7070
Omega Ratio Rank
DECP Calmar Ratio Rank: 6060
Calmar Ratio Rank
DECP Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - December (DECP) and compare them to a chosen benchmark (S&P 500 Index).

DECPBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.21

0.88

+0.33

Sortino ratio

Return per unit of downside risk

1.80

1.37

+0.43

Omega ratio

Gain probability vs. loss probability

1.27

1.21

+0.07

Calmar ratio

Return relative to maximum drawdown

1.90

1.39

+0.51

Martin ratio

Return relative to average drawdown

9.61

6.43

+3.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore DECP risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

DECP Sortino RatioDECP Sharpe Ratio

Dividends

Dividend History

PGIM S&P 500 Buffer 12 ETF - December doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the PGIM S&P 500 Buffer 12 ETF - December. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the PGIM S&P 500 Buffer 12 ETF - December was 12.12%, occurring on Apr 8, 2025. Recovery took 52 trading sessions.

The current PGIM S&P 500 Buffer 12 ETF - December drawdown is 3.11%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12.12%Feb 20, 202534Apr 8, 202552Jun 24, 202586
-5.43%Feb 10, 202634Mar 30, 2026———
-3.86%Jul 17, 202414Aug 5, 202410Aug 19, 202424
-3.4%Nov 13, 20256Nov 20, 20254Nov 26, 202510
-2.44%Dec 6, 202424Jan 13, 20256Jan 22, 202530

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Portfolio Analyzer

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