- 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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Performance
PBDE Performance Chart
PGIM S&P 500 Buffer 20 ETF - December (PBDE) is up 4.8% since the beginning of the year. PBDE is currently trading at $31 per share.
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Returns By Period
PGIM S&P 500 Buffer 20 ETF - December (PBDE) has returned 4.81% so far this year and 15.21% over the past 12 months.
PGIM S&P 500 Buffer 20 ETF - December
- 1D
- -0.13%
- 1M
- 1.81%
- YTD
- 4.81%
- 6M
- 5.33%
- 1Y
- 15.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
PBDE Monthly Returns History
Based on dividend-adjusted daily data since May 24, 2024, PBDE's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 69% of months were positive and 31% were negative. The best month was Apr 2026 with a return of +4.7%, while the worst month was Mar 2025 at -2.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PBDE closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +4.3%, while the worst single day was Apr 4, 2025 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.71% | -0.71% | -1.56% | 4.66% | 1.81% | -0.07% | 4.81% | ||||||
| 2025 | 1.52% | -0.70% | -2.15% | -0.38% | 3.03% | 2.80% | 1.17% | 1.24% | 1.96% | 1.22% | 0.95% | 0.71% | 11.87% |
| 2024 | -0.12% | 1.52% | 0.62% | 1.21% | 0.73% | 0.38% | 1.36% | -0.76% | 5.01% |
Benchmark Metrics
PGIM S&P 500 Buffer 20 ETF - December has an annualized alpha of 2.65%, beta of 0.42, and R2 of 0.93 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 (43.52%) than losses (31.34%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.65% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.42 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
- 2.65%
- Beta
- 0.42
- R²
- 0.93
- Upside Capture
- 43.52%
- Downside Capture
- 31.34%
Expense Ratio
PBDE has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PBDE ranks 86 for risk / return — in the top 86% 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 S&P 500 Buffer 20 ETF - December (PBDE) and compare them to S&P 500 Index.
| PBDE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.41 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 2.93 | +0.95 |
| Martin ratioReturn relative to average drawdown | 20.58 | 13.52 | +7.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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 S&P 500 Buffer 20 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 20 ETF - December was 8.73%, occurring on Apr 8, 2025. Recovery took 43 trading sessions.
The current PGIM S&P 500 Buffer 20 ETF - December drawdown is 0.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -8.73%Apr 2025 | 1mo 17d | 2mo 3d | 3mo 20dFeb 2025 - Jun 2025 |
2026 pullback2026 | -3.94%Mar 2026 | 1mo 25d | 14d | 2mo 9dFeb 2026 - Apr 2026 |
2024 pullback2024 | -2.74%Aug 2024 | 19d | 11d | 1moJul 2024 - Aug 2024 |
2025 pullback2025 | -2.14%Nov 2025 | 7d | 5d | 12dNov 2025 - Nov 2025 |
2025 pullback2025 | -1.59%Jan 2025 | 1mo 2d | 11d | 1mo 13dDec 2024 - Jan 2025 |
Drawdown Indicators
| PBDE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -56.78% | +48.05% |
Max Drawdown (1Y)Largest decline over 1 year | -3.94% | -9.10% | +5.16% |
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 | -0.13% | -0.74% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -0.76% | -10.72% | +9.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 1.97% | -1.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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