PBOC vs. APRB
PBOC (PGIM S&P 500 Buffer 20 ETF - October) and APRB (Aptus April Buffer ETF) are both Defined Outcome funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. PBOC charges 0.50%/yr vs 0.25%/yr for APRB.
Performance
PBOC vs. APRB - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with PBOC having a 4.99% return and APRB slightly higher at 5.00%.
PBOC
- 1D
- -0.05%
- 1M
- 0.21%
- 6M
- 4.99%
- YTD
- 4.99%
- 1Y
- 10.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APRB
- 1D
- -0.04%
- 1M
- 0.11%
- 6M
- 5.00%
- YTD
- 5.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBOC vs. APRB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOC PGIM S&P 500 Buffer 20 ETF - October | 4.99% | 2.02% |
APRB Aptus April Buffer ETF | 5.00% | 2.48% |
Correlation
The correlation between PBOC and APRB 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 (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.92 |
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
PBOC vs. APRB — Risk / Return Rank
PBOC
APRB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PBOC vs. APRB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 20 ETF - October (PBOC) and Aptus April Buffer ETF (APRB). 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.
| PBOC | APRB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | — | — |
| Martin ratioReturn relative to average drawdown | 14.89 | — | — |
Loading charts...
Drawdowns
PBOC vs. APRB - Drawdown Comparison
The maximum PBOC drawdown since its inception was -8.33%, which is greater than APRB's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for PBOC and APRB.
Loading charts...
Drawdown Indicators
| PBOC | APRB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.33% | -4.59% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.04% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -0.70% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | — | — |
Volatility
PBOC vs. APRB - Volatility Comparison
Loading charts...
Volatility by Period
| PBOC | APRB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 5.89% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.85% | 5.89% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.85% | 5.89% | +0.96% |
PBOC vs. APRB - Expense Ratio Comparison
PBOC has a 0.50% expense ratio, which is higher than APRB's 0.25% expense ratio.
Dividends
PBOC vs. APRB - Dividend Comparison
Neither PBOC nor APRB has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, PBOC and APRB 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.
On fees, APRB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APRB is cheaper with a 0.25% expense ratio, compared with 0.50% for PBOC.
PBOC and APRB have nearly identical dividend yields, around 0.00%.
They also come from different issuers: PGIM and Aptus Capital Advisors. Their fees differ too: 0.50% for PBOC and 0.25% for APRB.
Find the right allocation for PBOC and APRB
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