PGIM US Large-Cap Buffer 20 ETF - April (PBAP) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PBAP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PBAP
PBAP charges 0.50% annually. There are 4 ETFs in the Options Trading category with lower expense ratios, going as low as 0.29%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Hedged Equity ETF | 0.29% | 140.25M | Oct 2023 | PBAP vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.58M | Jul 2025 | PBAP vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 300.35M | Nov 2021 | PBAP vs HEQT | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.25M | Jan 2021 | PBAP vs ISWN | |
| PGIM S&P 500 Max Buffer ETF - December | 0.50% | 9.06M | Nov 2025 | PBAP vs PMDE |
Best Risk-Adjusted Alternatives to PBAP
PBAP has a PortfoliosLab risk / return rank of 98. There are 3 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | PBAP vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.26M | Mar 2023 | PBAP vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 190.94M | May 2020 | PBAP vs APRW | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 98 | — | Mar 2024 | PBAP vs XIMR | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | 156.53M | Mar 2023 | PBAP vs XMAR |
Top Performing PBAP Alternatives (YTD)
PBAP is at 7.44% YTD. There are 40 ETFs in the Options Trading category with higher YTD returns, going as high as 113.61%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 113.61% | 443.39M | Sep 2023 | PBAP vs AMDY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 16.43% | 190.88M | Sep 2023 | PBAP vs QQQY | |
| Kurv Technology Titans Select ETF | 15.18% | 100.42M | Jul 2024 | PBAP vs KQQQ | |
| REX NVIDIA Growth & Income ETF | 15.17% | 106.68M | May 2025 | PBAP vs NVII | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 14.45% | 923.83M | Mar 2024 | PBAP vs QDTE |
Lowest Volatility Alternatives to PBAP
PBAP has 3.27% 1-year volatility. There are 23 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.27%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.27% | — | Mar 2024 | PBAP vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 1.56% | 32.26M | Mar 2023 | PBAP vs APRJ | |
| Alpha Architect Tail Risk ETF | 1.56% | 668.40M | Aug 2013 | PBAP vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - July | 1.56% | 13.64M | Jun 2023 | PBAP vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.04% | — | Mar 2024 | PBAP vs XIMR |
Lowest Drawdown Alternatives to PBAP
PBAP has a 1-year max drawdown of -1.17%. There are 7 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.36%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | -0.36% | — | Mar 2024 | PBAP vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | -0.40% | 32.26M | Mar 2023 | PBAP vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.64M | Jun 2023 | PBAP vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 668.40M | Aug 2013 | PBAP vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 190.94M | May 2020 | PBAP vs APRW |
Other ETFs from PGIM
The 10 most viewed PGIM ETFs shown here include PAAA, PULS, PFRL and span 9 categories. AUM among these funds goes as high as $18B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM AAA CLO ETF | CLO | 99 | 2.51% | 10.35B | Jul 2023 | PBAP vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 99 | 2.15% | 17.62B | Apr 2018 | PBAP vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 93 | 2.75% | 118.91M | May 2022 | PBAP vs PFRL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 92 | 1.46% | — | Jul 2023 | PBAP vs PSDM | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 87 | 7.06% | 213.82M | Jun 2024 | PBAP vs BUFP | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 92 | 5.20% | 194.07M | Jun 2024 | PBAP vs PBFR | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 93 | 1.66% | 102.00M | Jun 2024 | PBAP vs PUSH | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 80 | 2.40% | 167.88M | Dec 2023 | PBAP vs PSH | |
| PGIM S&P 500 Max Buffer ETF - April | Defined Outcome | 99 | 3.66% | — | Mar 2025 | PBAP vs PMAP | |
| PGIM Total Return Bond ETF | Intermediate Core-Plus Bond | 37 | 0.17% | 1.07B | Dec 2021 | PBAP vs PTRB |
Often Compared With PBAP
Investors most often compare PBAP with AAPR, AJAN, MRCP. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PBAP with Any Fund or Stock
Compare PBAP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PBAP with funds that move differently
PGIM US Large-Cap Buffer 20 ETF - April alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PBAP.
Explore PBAP Diversifiers