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 6 ETFs in the Options Trading category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Tax-Aware Collateral ETF | 0.14% | 1.21B | Apr 2026 | PBAP vs CBOX | |
| Parametric Hedged Equity ETF | 0.29% | 139.40M | Oct 2023 | PBAP vs PHEQ | |
| State Street Real Estate Select Sector SPDR Premiu... | 0.35% | 2.87M | Jul 2025 | PBAP vs XLRI | |
| Simplify Hedged Equity ETF | 0.43% | 296.16M | Nov 2021 | PBAP vs HEQT | |
| Castellan Targeted Income ETF | 0.45% | — | Jun 2025 | PBAP vs CTIF |
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 | 32.22M | Mar 2023 | PBAP vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 199.47M | May 2020 | PBAP vs APRW | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | 153.67M | Mar 2023 | PBAP vs XMAR | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 98 | — | Mar 2024 | PBAP vs XIMR |
Top Performing PBAP Alternatives (YTD)
PBAP is at 7.91% YTD. There are 52 ETFs in the Options Trading category with higher YTD returns, going as high as 90.29%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | PBAP vs AMDY | |
| Defiance Oil Enhanced Options Income ETF | 44.25% | 64.41M | May 2024 | PBAP vs USOY | |
| Simplify Piper Sandler US Small-Cap PLUS Income ET... | 17.71% | 6.72M | Apr 2025 | PBAP vs LITL | |
| Defiance R2000 Weekly Distribution ETF | 15.27% | 95.57M | Oct 2023 | PBAP vs IWMY | |
| Horizon Dividend Income ETF | 14.73% | — | Jun 2025 | PBAP vs DIVN |
Lowest Volatility Alternatives to PBAP
PBAP has 3.42% 1-year volatility. There are 23 ETFs in the Options Trading category with lower 1-year volatility, going as low as 1.30%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 1.30% | — | Mar 2024 | PBAP vs LAPR | |
| Alpha Architect Tail Risk ETF | 1.57% | 709.87M | Aug 2013 | PBAP vs CAOS | |
| Innovator Premium Income 30 Barrier ETF - April | 1.57% | 32.22M | Mar 2023 | PBAP vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | 1.68% | 13.68M | Jun 2023 | PBAP vs JULJ | |
| FT Vest U.S. Equity Buffer & Premium Income ETF - ... | 2.06% | — | 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% | 32.22M | Mar 2023 | PBAP vs APRJ | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 13.68M | Jun 2023 | PBAP vs JULJ | |
| Alpha Architect Tail Risk ETF | -0.76% | 709.87M | Aug 2013 | PBAP vs CAOS | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.89% | 199.47M | May 2020 | PBAP vs APRW |
Other ETFs from PGIM
The 10 most viewed PGIM ETFs shown here include PAAA, PULS, PFRL and span 8 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 | 2.76% | 11.25B | Jul 2023 | PBAP vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 99 | 2.40% | 18.30B | Apr 2018 | PBAP vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 94 | 3.01% | 121.63M | May 2022 | PBAP vs PFRL | |
| PGIM Active High Yield Bond ETF | High Yield Bonds | 65 | 1.74% | 1.39B | Sep 2018 | PBAP vs PHYL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 90 | 1.61% | — | Jul 2023 | PBAP vs PSDM | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 90 | 7.65% | 223.70M | Jun 2024 | PBAP vs BUFP | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 93 | 5.89% | 203.06M | Jun 2024 | PBAP vs PBFR | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 90 | 1.58% | 106.99M | Jun 2024 | PBAP vs PUSH | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 80 | 2.46% | 173.89M | Dec 2023 | PBAP vs PSH | |
| PGIM S&P 500 Max Buffer ETF - April | Defined Outcome | 99 | 4.00% | — | Mar 2025 | PBAP vs PMAP |
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