- CUSIP
- 69420N544
- Issuer
- PGIM
- Inception Date
- Dec 27, 2024
- Region
- North America (U.S.)
- Category
- Defined Outcome, Nasdaq-100
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $7M
Share Price Chart
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Performance
PQAP Performance Chart
PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) is up 11.2% since the beginning of the year. PQAP is currently trading at $32 per share.
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Returns By Period
PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) has returned 11.15% so far this year and 19.83% over the past 12 months.
PGIM Nasdaq-100 Buffer 12 ETF - April
- 1D
- 0.21%
- 1M
- 0.18%
- YTD
- 11.15%
- 6M
- 11.84%
- 1Y
- 19.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
PQAP Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2025, PQAP's average daily return is +0.07%, while the average monthly return is +1.37%. At this rate, an investment would double in approximately 4.2 years.
Historically, 83% of months were positive and 17% were negative. The best month was Apr 2026 with a return of +7.1%, while the worst month was Mar 2025 at -0.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 2 months.
On a daily basis, PQAP closed higher 62% of trading days. The best single day was Apr 9, 2025 with a return of +8.8%, while the worst single day was Apr 4, 2025 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.56% | 0.36% | 0.97% | 7.14% | 2.72% | -0.88% | 11.15% | ||||||
| 2025 | 1.24% | -0.32% | -0.89% | 0.28% | 4.64% | 2.77% | 1.53% | 0.60% | 1.52% | 0.79% | 0.53% | 1.01% | 14.48% |
Benchmark Metrics
PGIM Nasdaq-100 Buffer 12 ETF - April has an annualized alpha of 7.70%, beta of 0.56, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since January 02, 2025.
- This ETF captured 54.21% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.64%) - a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 7.70% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.56 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
- 7.70%
- Beta
- 0.56
- R²
- 0.78
- Upside Capture
- 54.21%
- Downside Capture
- -3.64%
Expense Ratio
PQAP has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PQAP ranks 97 for risk / return — in the top 97% 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 Nasdaq-100 Buffer 12 ETF - April (PQAP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PQAP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 2.00 | 1.34 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 9.28 | 2.53 | +6.75 |
| Martin ratioReturn relative to average drawdown | 59.94 | 11.37 | +48.57 |
Dividends
Dividend History
PGIM Nasdaq-100 Buffer 12 ETF - April provided a 0.02% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.00 | $0.00 |
Dividend yield | 0.02% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Nasdaq-100 Buffer 12 ETF - April. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 |
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 Nasdaq-100 Buffer 12 ETF - April. 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 Nasdaq-100 Buffer 12 ETF - April was 10.79%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current PGIM Nasdaq-100 Buffer 12 ETF - April drawdown is 0.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -10.79%Apr 2025 | 1mo 17d | 1mo 4d | 2mo 21dFeb 2025 - May 2025 |
2026 pullback2026 | -2.15%Jun 2026 | 7d | — | 10d 19hJun 2026 - now |
2025 pullback2025 | -1.39%Nov 2025 | 22d | 6d | 28dOct 2025 - Nov 2025 |
2025 selloff2025 | -1.08%May 2025 | 3d | 4d | 7dMay 2025 - May 2025 |
2025 pullback2025 | -0.89%Oct 2025 | 1d | 10d | 11dOct 2025 - Oct 2025 |
Drawdown Indicators
| PQAP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.79% | -56.78% | +45.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.15% | -9.10% | +6.95% |
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 | -0.96% | -2.34% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -0.61% | -10.72% | +10.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 2.02% | -1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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