PBAP vs PBAU

PBAP vs PBAU

Which is better, PBAP or PBAU?

Each has led over a different period.

PBAP led over 1Y, PBAU over the full window.

Lower Fees: TiedHigher Returns: split

MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.

Side-by-Side Comparison

MetricPBAPPBAU
Expense Ratio0.50%Tie0.50%Tie
AUM$38M$40M
Dividend Yield0.00%0.00%
Holdings168
YTD Return+9.59%Best+7.58%
1Y Return+11.83%Best+9.92%
Volatility (annualized)4.4%Best4.7%
Max Drawdown-9.7%-8.9%Best
$10,000 over 2.4 years$12,620$12,830Best
Fund FamilyPGIM InvestmentsPGIM Investments
CategoryAlternativeAlternative
StyleOption WritingOption Writing
InceptionMar 29, 2024May 10, 2024

Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.

Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 10, 2024 to Oct 14, 2026 (2.4 years).

PBAP vs PBAU growth

Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.

Compare PBAP against instead:PBAP vs SPYPBAP vs QQQPBAP vs VOOPBAP vs VTIPBAU against:PBAU vs VXUS

PBAP vs PBAU Performance

PGIM S&P 500 Buffer 20 ETF - April (PBAP) is an ETF from PGIM Investments and PGIM S&P 500 Buffer 20 ETF - August (PBAU) is an ETF from PGIM Investments. Over the past year PBAP returned +11.83% while PBAU returned +9.92%. Year to date, PBAP is up 9.59% versus a gain of 7.58% for PBAU.

Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

PBAU has been the more volatile fund, with annualized monthly volatility of 4.7% compared with 4.4% for PBAP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -9.7% for PBAP and -8.9% for PBAU. Drawdown depth is what each fund did in the worst stretch of the window measured above.

The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

PBAP charges 0.50% per year while PBAU charges 0.50%. On a $10,000 position that is $50 vs $50 annually. On income, PBAP currently yields 0.00% against 0.00% for PBAU.

You are not choosing between two funds in isolation.

Whichever of PBAP and PBAU you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.

PBAPPBAU

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Frequently Asked Questions

Which is cheaper, PBAP or PBAU?

PBAP has an expense ratio of 0.50% while PBAU charges 0.50%. At the precision these are quoted to, they cost the same.

Which performed better, PBAP or PBAU?

Over the past year PBAP returned +11.83% vs +9.92% for PBAU, so PBAP leads on 1-year performance. Over the longest common window we track (2 years), PBAP annualized +10.18% vs +10.94% for PBAU. Past performance does not guarantee future results. This is information, not a recommendation.

Which is riskier, PBAP or PBAU?

PBAU has been the more volatile fund at 4.7% annualized versus 4.4% for PBAP. Worst drawdown: PBAP -9.7% vs PBAU -8.9%.

Should I hold both PBAP and PBAU?

PBAP and PBAU have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.

Which pays a higher dividend, PBAP or PBAU?

PBAP yields 0.00% while PBAU yields 0.00%, so PBAU currently pays the higher dividend yield.

Is PBAU better than PBAP?

PBAP led over 1Y, PBAU over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.