PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) 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 PQAP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PQAP
PQAP 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 | PQAP vs JANB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | PQAP vs APRB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | PQAP vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | PQAP vs JULB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | PQAP vs FBUF |
Best Risk-Adjusted Alternatives to PQAP
PQAP has a PortfoliosLab risk / return rank of 98. There are 6 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 | PQAP vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 99 | — | Apr 2025 | PQAP vs APXM | |
| iShares Large Cap Max Buffer Mar ETF | 99 | — | Mar 2025 | PQAP vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | PQAP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 18.90M | Apr 2025 | PQAP vs CPSP |
Top Performing PQAP Alternatives (YTD)
PQAP is at 12.09% YTD. There are 3 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 | PQAP vs NVDO | |
| FT Vest Emerging Markets Buffer ETF - March | 14.45% | — | Mar 2025 | PQAP vs TMAR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 13.06% | 557.94M | Mar 2021 | PQAP vs QMAR | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jul... | 11.78% | — | Jul 2025 | PQAP vs UXJL | |
| FT Vest U.S. Equity Uncapped Accelerator ETF - Jan... | 11.66% | — | Jan 2025 | PQAP vs UXJA |
Lowest Volatility Alternatives to PQAP
PQAP has 4.45% 1-year volatility. There are 85 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 | PQAP vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.12% | — | Apr 2025 | PQAP vs PMMY | |
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | PQAP vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | 1.39% | — | Mar 2025 | PQAP vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.42% | 18.90M | Apr 2025 | PQAP vs CPSP |
Lowest Drawdown Alternatives to PQAP
PQAP has a 1-year max drawdown of -1.39%. There are 35 ETFs in the Defined Outcome category with shallower 1-year drawdowns, 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 | PQAP vs APXM | |
| PGIM S&P 500 Max Buffer ETF - April | -0.34% | — | Mar 2025 | PQAP vs PMAP | |
| iShares Large Cap Max Buffer Mar ETF | -0.34% | — | Mar 2025 | PQAP vs MMAX | |
| PGIM S&P 500 Max Buffer ETF - May | -0.36% | — | Apr 2025 | PQAP vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 18.90M | Apr 2025 | PQAP vs CPSP |
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 | PQAP vs PAAA | |
| PGIM Ultra Short Bond ETF | Ultrashort Bond | 100 | 1.73% | 16.31B | Apr 2018 | PQAP vs PULS | |
| PGIM Floating Rate Income ETF | Bank Loan | 91 | 1.96% | 116.67M | May 2022 | PQAP vs PFRL | |
| PGIM Short Duration Multi-Sector Bond ETF | Multisector Bonds | 89 | 1.23% | — | Jul 2023 | PQAP vs PSDM | |
| PGIM Ultra Short Municipal Bond ETF | Municipal Bonds | 88 | 1.32% | 97.02M | Jun 2024 | PQAP vs PUSH | |
| PGIM Laddered S&P 500 Buffer 12 ETF | Defined Outcome, S&P 500 | 86 | 6.23% | 183.97M | Jun 2024 | PQAP vs BUFP | |
| PGIM Short Duration High Yield ETF | High Yield Bonds | 71 | 1.88% | 161.26M | Dec 2023 | PQAP vs PSH | |
| PGIM Laddered S&P 500 Buffer 20 ETF | Defined Outcome, S&P 500 | 90 | 4.52% | 154.43M | Jun 2024 | PQAP vs PBFR | |
| PGIM Total Return Bond ETF | Intermediate Core-Plus Bond | 40 | 0.34% | 978.28M | Dec 2021 | PQAP vs PTRB | |
| PGIM Jennison Focused Growth ETF | Large Cap Growth Equities | 28 | 6.64% | 154.47M | Dec 2022 | PQAP vs PJFG |
Often Compared With PQAP
Investors most often compare PQAP with HQU.TO, PMJA, PBQQ. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PQAP with Any Fund or Stock
Compare PQAP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PQAP with funds that move differently
PGIM Nasdaq-100 Buffer 12 ETF - April alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PQAP.
Explore PQAP Diversifiers