NVBT vs. APRP

Last updated Apr 1, 2026

Compare and contrast key facts about Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT) and PGIM US Large-Cap Buffer 12 ETF - April (APRP).

NVBT and APRP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVBT is an actively managed fund by Allianz. It was launched on Oct 31, 2022. APRP is an actively managed fund by PGIM. It was launched on Mar 28, 2024.

Performance

NVBT vs. APRP - Performance Comparison

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

NVBT vs. APRP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVBT Allianzim U.S. Large Cap Buffer10 Nov ETF	-2.85%	12.84%	7.42%
APRP PGIM US Large-Cap Buffer 12 ETF - April	1.89%	7.80%	10.28%

Returns By Period

In the year-to-date period, NVBT achieves a -2.85% return, which is significantly lower than APRP's 1.89% return.

NVBT

• 1D: 2.13%
• 1M: -3.36%
• YTD: -2.85%
• 6M: -0.95%
• 1Y: 12.30%
• 3Y*: 10.45%
• 5Y*: —
• 10Y*: —

APRP

• 1D: 1.32%
• 1M: 0.92%
• YTD: 1.89%
• 6M: 4.25%
• 1Y: 13.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVBT vs. APRP - Expense Ratio Comparison

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

NVBT

Allianzim U.S. Large Cap Buffer10 Nov ETF

APRP

PGIM US Large-Cap Buffer 12 ETF - April

Return for Risk

NVBT vs. APRP — Risk / Return Rank

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

NVBT

NVBT Risk / Return Rank: 59
NVBT Sharpe Ratio Rank: 53
NVBT Sortino Ratio Rank: 56
NVBT Omega Ratio Rank: 63
NVBT Calmar Ratio Rank: 55
NVBT Martin Ratio Rank: 70

APRP

APRP Risk / Return Rank: 81
APRP Sharpe Ratio Rank: 75
APRP Sortino Ratio Rank: 79
APRP Omega Ratio Rank: 94
APRP Calmar Ratio Rank: 67
APRP Martin Ratio Rank: 89

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.

NVBT vs. APRP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT) 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.

	NVBT	APRP	Difference
Sharpe ratio Return per unit of total volatility	0.98	1.39	-0.42
Sortino ratio Return per unit of downside risk	1.49	2.10	-0.61
Omega ratio Gain probability vs. loss probability	1.24	1.45	-0.21
Calmar ratio Return relative to maximum drawdown	1.43	1.75	-0.32
Martin ratio Return relative to average drawdown	7.34	11.80	-4.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVBT vs. APRP - Sharpe Ratio Comparison

The current NVBT Sharpe Ratio is 0.98, which is comparable to the APRP Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of NVBT and APRP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVBT	APRP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	1.39	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	1.04	+0.03

Correlation

The correlation between NVBT and APRP is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NVBT vs. APRP - Dividend Comparison

Neither NVBT nor APRP has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NVBT vs. APRP - Drawdown Comparison

The maximum NVBT drawdown since its inception was -12.90%, smaller than the maximum APRP drawdown of -13.66%. Use the drawdown chart below to compare losses from any high point for NVBT and APRP.

Drawdown Indicators

	NVBT	APRP	Difference
Max Drawdown Largest peak-to-trough decline	-12.90%	-13.66%	+0.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.84%	-8.24%	-0.60%
Current Drawdown Current decline from peak	-4.21%	0.00%	-4.21%
Average Drawdown Average peak-to-trough decline	-1.39%	-1.33%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	1.22%	+0.51%

Volatility

NVBT vs. APRP - Volatility Comparison

Allianzim U.S. Large Cap Buffer10 Nov ETF (NVBT) has a higher volatility of 3.90% compared to PGIM US Large-Cap Buffer 12 ETF - April (APRP) at 1.98%. This indicates that NVBT'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

	NVBT	APRP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	1.98%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	6.34%	2.97%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	9.96%	+2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.45%	9.76%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.45%	9.76%	+0.69%