- Issuer
- PGIM
- Inception Date
- Mar 28, 2024
- Category
- Options Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PBAP Performance Chart
PGIM US Large-Cap Buffer 20 ETF - April (PBAP) is up 6.9% since the beginning of the year. PBAP is currently trading at $31 per share.
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Returns By Period
PGIM US Large-Cap Buffer 20 ETF - April (PBAP) has returned 6.89% so far this year and 13.25% over the past 12 months.
PGIM US Large-Cap Buffer 20 ETF - April
- 1D
- 0.05%
- 1M
- 0.44%
- YTD
- 6.89%
- 6M
- 7.09%
- 1Y
- 13.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PBAP Monthly Returns History
Based on dividend-adjusted daily data since Apr 1, 2024, PBAP's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 74% of months were positive and 26% were negative. The best month was Apr 2026 with a return of +4.0%, while the worst month was Mar 2025 at -3.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PBAP closed higher 61% of trading days. The best single day was Apr 9, 2025 with a return of +4.4%, while the worst single day was Apr 4, 2025 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.49% | -0.10% | 1.08% | 3.99% | 1.23% | 0.06% | 6.89% | ||||||
| 2025 | 1.37% | -0.09% | -3.57% | -0.22% | 2.38% | 2.01% | 0.51% | 1.09% | 0.85% | 0.53% | 0.46% | 0.96% | 6.34% |
| 2024 | -1.56% | 2.43% | 1.99% | 0.80% | 1.60% | 1.25% | -0.12% | 2.55% | -0.34% | 8.86% |
Benchmark Metrics
PGIM US Large-Cap Buffer 20 ETF - April has an annualized alpha of 3.16%, beta of 0.39, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since April 01, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (38.04%) than losses (18.97%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.16% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.39 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
- 3.16%
- Beta
- 0.39
- R²
- 0.80
- Upside Capture
- 38.04%
- Downside Capture
- 18.97%
Expense Ratio
PBAP has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PBAP ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM US Large-Cap Buffer 20 ETF - April (PBAP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PBAP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 2.10 | 1.37 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 11.36 | 2.78 | +8.58 |
| Martin ratioReturn relative to average drawdown | 71.14 | 12.44 | +58.70 |
Dividends
Dividend History
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 US Large-Cap Buffer 20 ETF - April. 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 US Large-Cap Buffer 20 ETF - April was 9.70%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.
The current PGIM US Large-Cap Buffer 20 ETF - April drawdown is 0.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -9.70%Apr 2025 | 1mo 17d | 3mo 16d | 5mo 3dFeb 2025 - Jul 2025 |
2024 pullback2024 | -3.85%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2024 pullback2024 | -2.50%Apr 2024 | 18d | 21d | 1mo 9dApr 2024 - May 2024 |
2024 pullback2024 | -2.01%Sep 2024 | 3d | 10d | 13dSep 2024 - Sep 2024 |
2024 pullback2024 | -1.18%Dec 2024 | 7d | 7d | 14dDec 2024 - Dec 2024 |
Drawdown Indicators
| PBAP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.70% | -56.78% | +47.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -9.10% | +7.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.05% | -1.80% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -0.78% | -10.71% | +9.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 2.03% | -1.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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