PGIM S&P 500 Max Buffer ETF - April (PMAP) 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 PMAP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PMAP
PMAP 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 October Buffer ETF | 0.25% | — | Oct 2025 | PMAP vs OCTB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | PMAP vs APRB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | PMAP vs JULB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | PMAP vs JANB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | PMAP vs FBUF |
Best Risk-Adjusted Alternatives to PMAP
PMAP has a PortfoliosLab risk / return rank of 99. No ETFs in the Defined Outcome category have higher risk-adjusted ranks; the top alternatives shown here go as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | PMAP vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | PMAP vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | PMAP vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | PMAP vs XBAP | |
| Innovator U.S. Equity Power Buffer ETF - April | 98 | 954.02M | Apr 2019 | PMAP vs PAPR |
Top Performing PMAP Alternatives (YTD)
PMAP is at 3.71% YTD. There are 193 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 | PMAP vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.85% | — | Jan 2025 | PMAP vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.22% | 214.51M | Mar 2020 | PMAP vs KAPR | |
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.42% | 2.84M | Jun 2025 | PMAP vs QB | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.12% | 568.10M | Mar 2021 | PMAP vs QMAR |
Lowest Volatility Alternatives to PMAP
PMAP has 1.15% 1-year volatility. No ETFs in the Defined Outcome category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 1.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.25% | — | Apr 2025 | PMAP vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | PMAP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.36% | 19.60M | Apr 2025 | PMAP vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | PMAP vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 1.47% | — | Apr 2025 | PMAP vs ZAPR |
Lowest Drawdown Alternatives to PMAP
PMAP has a 1-year max drawdown of -0.35%. No ETFs in the Defined Outcome category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | PMAP vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | PMAP vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | PMAP vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | PMAP vs CPSM | |
| Innovator Premium Income 15 Buffer ETF - July | -0.52% | — | Jun 2024 | PMAP vs LJUL |
Other ETFs from PGIM
The 10 most viewed PGIM ETFs shown here include PAAA, PULS, PFRL and span 10 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 | 2.55% | 10.35B | Jul 2023 | PMAP vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 99 | 2.18% | 17.62B | Apr 2018 | PMAP vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 92 | 2.72% | 118.91M | May 2022 | PMAP vs PFRL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 93 | 1.66% | — | Jul 2023 | PMAP vs PSDM | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 87 | 7.02% | 213.82M | Jun 2024 | PMAP vs BUFP | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 92 | 5.27% | 194.07M | Jun 2024 | PMAP vs PBFR | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 92 | 1.60% | 102.00M | Jun 2024 | PMAP vs PUSH | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 83 | 2.65% | 167.88M | Dec 2023 | PMAP vs PSH | |
| PGIM Total Return Bond ETF | Intermediate Core-Plus Bond | 39 | 0.30% | 1.07B | Dec 2021 | PMAP vs PTRB | |
| PGIM Jennison Focused Growth ETF | Large Cap Growth Equities | 20 | 4.37% | 148.08M | Dec 2022 | PMAP vs PJFG |
Often Compared With PMAP
Investors most often compare PMAP with PQOC, PMFB, CPSL. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare PMAP with Any Fund or Stock
Compare PMAP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PMAP with funds that move differently
PGIM S&P 500 Max Buffer ETF - April alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PMAP.
Explore PMAP Diversifiers