PGIM S&P 500 Buffer 20 ETF - December (PBDE) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PBDE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PBDE
PBDE charges 0.50% annually. There are 5 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | PBDE vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | PBDE vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | PBDE vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | PBDE vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | PBDE vs FBUF |
Best Risk-Adjusted Alternatives to PBDE
PBDE has a PortfoliosLab risk / return rank of 88. There are 128 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | PBDE vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | PBDE vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 21.00M | Apr 2025 | PBDE vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | PBDE vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 132.07M | Mar 2021 | PBDE vs XBAP |
Top Performing PBDE Alternatives (YTD)
PBDE is at 5.50% YTD. There are 165 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | PBDE vs NVDO | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.86% | 214.27M | Mar 2020 | PBDE vs KAPR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.84% | 2.87M | Jun 2025 | PBDE vs QB | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.73% | — | Jan 2025 | PBDE vs KFEB | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.60% | 566.25M | Mar 2021 | PBDE vs QMAR |
Lowest Volatility Alternatives to PBDE
PBDE has 5.83% 1-year volatility. There are 130 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.18% | — | Mar 2025 | PBDE vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.33% | — | Apr 2025 | PBDE vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.40% | — | Apr 2025 | PBDE vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.40% | 21.00M | Apr 2025 | PBDE vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.44% | — | Mar 2025 | PBDE vs MMAX |
Lowest Drawdown Alternatives to PBDE
PBDE has a 1-year max drawdown of -3.94%. There are 112 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | PBDE vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 21.00M | Apr 2025 | PBDE vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | PBDE vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | PBDE vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | PBDE vs CPSM |
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 | 2.76% | 11.25B | Jul 2023 | PBDE vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 99 | 2.40% | 18.30B | Apr 2018 | PBDE vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 94 | 3.01% | 121.63M | May 2022 | PBDE vs PFRL | |
| PGIM Active High Yield Bond ETF | High Yield Bonds | 65 | 1.74% | 1.39B | Sep 2018 | PBDE vs PHYL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 90 | 1.61% | — | Jul 2023 | PBDE vs PSDM | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 90 | 7.65% | 223.70M | Jun 2024 | PBDE vs BUFP | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 93 | 5.89% | 203.06M | Jun 2024 | PBDE vs PBFR | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 90 | 1.58% | 106.99M | Jun 2024 | PBDE vs PUSH | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 80 | 2.46% | 173.89M | Dec 2023 | PBDE vs PSH | |
| PGIM Jennison Focused Value ETF | Large Cap Value Equities | 94 | 21.61% | 125.07M | Dec 2022 | PBDE vs PJFV |
Often Compared With PBDE
Investors most often compare PBDE with PMFB, ZMAY, BNO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare PBDE with Any Fund or Stock
Compare PBDE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PBDE with funds that move differently
PGIM S&P 500 Buffer 20 ETF - December alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PBDE.
Explore PBDE Diversifiers