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 January Buffer ETF | 0.25% | — | Oct 2025 | PMAP vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | PMAP vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | PMAP vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | PMAP vs JULB | |
| 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 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | PMAP vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | PMAP vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | PMAP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | PMAP vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | PMAP vs ZAPR |
Top Performing PMAP Alternatives (YTD)
PMAP is at 3.28% YTD. There are 184 ETFs in the Defined Outcome category with higher YTD returns, going as high as 18.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 18.85% | — | Aug 2025 | PMAP vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 14.45% | — | Mar 2025 | PMAP vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.06% | 557.94M | Mar 2021 | PMAP vs QMAR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 12.09% | 7.34M | Dec 2024 | PMAP vs PQAP | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 11.78% | — | Jul 2025 | PMAP vs UXJL |
Lowest Volatility Alternatives to PMAP
PMAP has 1.15% 1-year volatility. There are 2 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.01%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 1.01% | — | Apr 2025 | PMAP vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | PMAP vs PMMY | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | PMAP vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | PMAP vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr May | 1.45% | — | May 2025 | PMAP vs ZMAY |
Lowest Drawdown Alternatives to PMAP
PMAP has a 1-year max drawdown of -0.34%. There is 1 ETF in the Defined Outcome category with a shallower 1-year drawdown, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | -0.27% | — | Apr 2025 | PMAP vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | PMAP vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | PMAP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | PMAP vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr May | -0.39% | — | May 2025 | PMAP vs ZMAY |
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 $16B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM AAA CLO ETF | CLO | 99 | 2.03% | 10.16B | Jul 2023 | PMAP vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 100 | 1.73% | 16.31B | Apr 2018 | PMAP vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 91 | 1.96% | 116.67M | May 2022 | PMAP vs PFRL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 89 | 1.23% | — | Jul 2023 | PMAP vs PSDM | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 88 | 1.32% | 97.02M | Jun 2024 | PMAP vs PUSH | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 86 | 6.23% | 183.97M | Jun 2024 | PMAP vs BUFP | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 71 | 1.88% | 161.26M | Dec 2023 | PMAP vs PSH | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 90 | 4.52% | 154.43M | Jun 2024 | PMAP vs PBFR | |
| PGIM Total Return Bond ETF | Intermediate Core-Plus Bond | 40 | 0.34% | 978.28M | Dec 2021 | PMAP vs PTRB | |
| PGIM Jennison Focused Growth ETF | Large Cap Growth Equities | 28 | 6.64% | 154.47M | Dec 2022 | PMAP vs PJFG |
Often Compared With PMAP
Investors most often compare PMAP with CPSL, CPSU, PQOC. 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