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PGIM S&P 500 Max Buffer ETF - April (PMAP) Sharpe Ratio: 6.12

ETF · Currency in USD · Last updated Jun 18, 2026

The PGIM S&P 500 Max Buffer ETF - April seeks to match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while maximizing downside protection over a one-year target outcome period resetting each April. The fund uses FLEX options to structure buffered exposure to the S&P 500.

PMAP's Sharpe Ratio of 6.12 indicates that for each unit of volatility, it generates 6.12 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 18, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PMAP Sharpe Ratio Rank

PMAP Sharpe Ratio Rank: 98.799
Exceptional

PMAP ranks above 98.7% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

PMAP Sharpe Ratio Market Positioning

The chart shows PMAP's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.21
  • Green zone (top 25%): 2.21 or higher
  • Top 1%: 7.25+
  • Median: 1.63 — half of all investments score higher

How it compares to other similar ETFs

The table compares PGIM S&P 500 Max Buffer ETF - April's Sharpe Ratio with other ETFs in the Defined Outcome category across multiple time periods, showing how PMAP's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 18, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
PMAPPGIM S&P 500 Max Buffer ETF - April6.12
MMAXiShares Large Cap Max Buffer Mar ETF5.15
CPSPCalamos S&P 500 Structured Alt Protection ETF - April5.11
ZAPRInnovator Equity Defined Protection ETF - 1 Yr April4.61
PMMYPGIM S&P 500 Max Buffer ETF - May4.35
APXMFT Vest U.S. Equity Max Buffer ETF - April4.26
XBAPInnovator U.S. Equity Accelerated 9 Buffer ETF - April4.20
PAPRInnovator U.S. Equity Power Buffer ETF - April4.19
PQAPPGIM Nasdaq-100 Buffer 12 ETF - April4.17
PSFMPacer Swan SOS Flex (April) ETF4.16

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PMAP's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PMAP consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does PMAP fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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