APRP vs. PBMR
APRP (PGIM US Large-Cap Buffer 12 ETF - April) and PBMR (PGIM US Large-Cap Buffer 20 ETF - March) are both Options Trading funds from PGIM. Both are actively managed. Over the past year, APRP returned 16.56% vs 12.02% for PBMR. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.50% expense ratio.
Performance
APRP vs. PBMR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, APRP achieves a 8.85% return, which is significantly higher than PBMR's 4.60% return.
APRP
- 1D
- -0.41%
- 1M
- 0.47%
- YTD
- 8.85%
- 6M
- 8.96%
- 1Y
- 16.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBMR
- 1D
- -0.36%
- 1M
- -0.10%
- YTD
- 4.60%
- 6M
- 4.72%
- 1Y
- 12.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRP vs. PBMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
APRP PGIM US Large-Cap Buffer 12 ETF - April | 8.85% | 7.80% | 10.06% |
PBMR PGIM US Large-Cap Buffer 20 ETF - March | 4.60% | 10.89% | 8.39% |
Correlation
The correlation between APRP and PBMR is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024 | 0.94 |
The correlation between APRP and PBMR has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
APRP vs. PBMR — Risk / Return Rank
APRP
PBMR
APRP vs. PBMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM US Large-Cap Buffer 12 ETF - April (APRP) and PGIM US Large-Cap Buffer 20 ETF - March (PBMR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| APRP | PBMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.60 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 11.79 | 3.63 | +8.16 |
| Martin ratioReturn relative to average drawdown | 59.37 | 20.81 | +38.56 |
Loading charts...
Drawdowns
APRP vs. PBMR - Drawdown Comparison
The maximum APRP drawdown since its inception was -13.66%, which is greater than PBMR's maximum drawdown of -7.64%. Use the drawdown chart below to compare losses from any high point for APRP and PBMR.
Loading charts...
Drawdown Indicators
| APRP | PBMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.66% | -7.64% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.41% | -3.33% | +1.92% |
Current DrawdownCurrent decline from peak | -0.66% | -0.61% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.22% | -0.50% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.58% | -0.30% |
Volatility
APRP vs. PBMR - Volatility Comparison
PGIM US Large-Cap Buffer 12 ETF - April (APRP) has a higher volatility of 1.82% compared to PGIM US Large-Cap Buffer 20 ETF - March (PBMR) at 1.41%. This indicates that APRP's price experiences larger fluctuations and is considered to be riskier than PBMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| APRP | PBMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.41% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 3.62% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 4.39% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.44% | 6.58% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.44% | 6.58% | +2.86% |
APRP vs. PBMR - Expense Ratio Comparison
Both APRP and PBMR have an expense ratio of 0.50%.
Dividends
APRP vs. PBMR - Dividend Comparison
Neither APRP nor PBMR has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, APRP and PBMR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
APRP has higher volatility (1.82%) compared to PBMR (1.41%). In terms of maximum drawdown, APRP dropped -13.66% vs PBMR's -7.64%.
On 1-year performance, APRP leads with 16.56% vs 12.02% for PBMR. Both ETFs have the same 0.50% expense ratio. On volatility, PBMR has been the lower-risk option at 1.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, APRP has performed better with a 16.56% return vs 12.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
APRP and PBMR have the same expense ratio: 0.50% per year.
APRP and PBMR have nearly identical dividend yields, around 0.00%.
APRP currently has the higher Sharpe Ratio (3.73 vs 2.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for APRP and PBMR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer