DECT vs. APRP

Last updated Jun 4, 2026

DECT (Allianzim U.S. Large Cap Buffer10 Dec ETF) and APRP (PGIM US Large-Cap Buffer 12 ETF - April) are both Options Trading funds. Both are actively managed. Over the past year, DECT returned 21.15% vs 17.90% for APRP. Their correlation of 0.89 suggests significant overlap in exposure. DECT charges 0.74%/yr vs 0.50%/yr for APRP.

Performance

DECT vs. APRP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Large Cap Buffer10 Dec ETF (DECT) and PGIM US Large-Cap Buffer 12 ETF - April (APRP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DECT achieves a 7.16% return, which is significantly lower than APRP's 9.34% return.

DECT

• 1D: -0.28%
• 1M: 3.06%
• YTD: 7.16%
• 6M: 7.61%
• 1Y: 21.15%
• 3Y*: 14.52%
• 5Y*: —
• 10Y*: —

APRP

• 1D: -0.19%
• 1M: 1.87%
• YTD: 9.34%
• 6M: 10.32%
• 1Y: 17.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DECT vs. APRP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECT Allianzim U.S. Large Cap Buffer10 Dec ETF	7.16%	15.04%	5.90%
APRP PGIM US Large-Cap Buffer 12 ETF - April	9.34%	7.80%	10.28%

Correlation

The correlation between DECT and APRP is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.89

The correlation between DECT and APRP has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

DECT vs. APRP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DECT

DECT Risk / Return Rank: 78
DECT Sharpe Ratio Rank: 76
DECT Sortino Ratio Rank: 78
DECT Omega Ratio Rank: 81
DECT Calmar Ratio Rank: 70
DECT Martin Ratio Rank: 83

APRP

APRP Risk / Return Rank: 98
APRP Sharpe Ratio Rank: 96
APRP Sortino Ratio Rank: 98
APRP Omega Ratio Rank: 98
APRP Calmar Ratio Rank: 98
APRP Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DECT vs. APRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer10 Dec ETF (DECT) and PGIM US Large-Cap Buffer 12 ETF - April (APRP). 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.

	DECT	APRP	Difference
Sharpe ratio: Return per unit of total volatility	2.45	4.15	-1.70
Sortino ratio: Return per unit of downside risk	3.48	7.11	-3.63
Omega ratio: Gain probability vs. loss probability	1.48	2.04	-0.56
Calmar ratio: Return relative to maximum drawdown	3.48	16.51	-13.04
Martin ratio: Return relative to average drawdown	16.66	73.52	-56.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DECT vs. APRP - Sharpe Ratio Comparison

The current DECT Sharpe Ratio is 2.45, which is lower than the APRP Sharpe Ratio of 4.15. The chart below compares the historical Sharpe Ratios of DECT and APRP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DECT	APRP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	4.15	-1.70
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	1.36	0.00

Drawdowns

DECT vs. APRP - Drawdown Comparison

The maximum DECT drawdown since its inception was -13.26%, roughly equal to the maximum APRP drawdown of -13.66%. Use the drawdown chart below to compare losses from any high point for DECT and APRP.

Drawdown Indicators

	DECT	APRP	Difference
Max Drawdown Largest peak-to-trough decline	-13.26%	-13.66%	+0.40%
Max Drawdown (1Y) Largest decline over 1 year	-6.11%	-1.09%	-5.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.26%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.19%	-0.09%
Average Drawdown Average peak-to-trough decline	-1.42%	-1.23%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	0.24%	+1.03%

Volatility

DECT vs. APRP - Volatility Comparison

Allianzim U.S. Large Cap Buffer10 Dec ETF (DECT) has a higher volatility of 1.65% compared to PGIM US Large-Cap Buffer 12 ETF - April (APRP) at 1.16%. This indicates that DECT's price experiences larger fluctuations and is considered to be riskier than APRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DECT	APRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.65%	1.16%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	6.34%	3.37%	+2.97%
Volatility (1Y) Calculated over the trailing 1-year period	8.68%	4.33%	+4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.23%	9.49%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.23%	9.49%	+0.74%

DECT vs. APRP - Expense Ratio Comparison

DECT has a 0.74% expense ratio, which is higher than APRP's 0.50% expense ratio.

Dividends

DECT vs. APRP - Dividend Comparison

Neither DECT nor APRP has paid dividends to shareholders.

Position	TTM	2025	2024
APRP PGIM US Large-Cap Buffer 12 ETF - April	0.00%	0.00%	0.00%
DECT Allianzim U.S. Large Cap Buffer10 Dec ETF	0.00%	0.00%	0.43%

Frequently Asked Questions

Can I hold both DECT and APRP in my portfolio?

With a correlation of 0.92, DECT and APRP 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.

Which is riskier, DECT or APRP?

DECT has higher volatility (1.65%) compared to APRP (1.16%). In terms of maximum drawdown, DECT dropped -13.26% vs APRP's -13.66%.

Which ETF is better, DECT or APRP?

On 1-year performance, DECT leads with 21.15% vs 17.90% for APRP. On fees, APRP is cheaper at 0.50% per year. On volatility, APRP has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECT or APRP?

Over the 1-year period, DECT has performed better with a 21.15% return vs 17.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECT or APRP?

APRP is cheaper with a 0.50% expense ratio, compared with 0.74% for DECT.

Which ETF pays a higher dividend yield, DECT or APRP?

DECT and APRP have nearly identical dividend yields, around 0.00%.

What is the main difference between DECT and APRP?

They also come from different issuers: Allianz and PGIM. Their fees differ too: 0.74% for DECT and 0.50% for APRP.

Which has better risk-adjusted returns?

APRP currently has the higher Sharpe Ratio (4.15 vs 2.45), 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.